Personnel
20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
Meta CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images | Reuters The more than 20,000 potential job cuts Meta and Microsoft revealed on Thursday, months after Amazon announced its most widespread layoffs ever, may only be the beginning. The same companies that are collectively spending hundreds of billions of dollars a year […]
Read More
Nike cuts 1,400 roles in second round of layoffs this year
People walk past a Nike store in New York City, on April 2, 2025. Kylie Cooper | Reuters Nike announced a new round of layoffs on Thursday impacting approximately 1,400 roles across the organization, mostly concentrated in its technology department. In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of […]
Read More
Meta will cut 10% of workforce as company pushes deeper into AI
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues […]
Read More
Microsoft plans first voluntary employee buyout in company’s 51-year history
A view of a Microsoft office in Shanghai, China, on April 8, 2025. Ying Tang | Nurphoto | Getty Images Microsoft will offer voluntary buyouts to a small percentage of its workforce, a first for the 51-year-old software giant, as the tech industry grapples with major changes sparked by the artificial intelligence boom. The one-time […]
Read More
Meta is tracking employee keystrokes on Google, LinkedIn, Wikipedia as part of AI training initiative
Google, LinkedIn and Wikipedia are among hundreds of websites and apps where Meta plans to capture employee keystrokes and mouse clicks as part of a project to train its artificial intelligence models, according to internal messages viewed by CNBC. A new employee tracking tool, dubbed Model Capability Initiative (MCI), allows Meta to observe and collect […]
Read More
Tax Day proposal to exempt Election Day poll worker pay floated by House Democrats
Election officials assist voters in casting their ballot in the primary vote at Bruns Avenue Elementary School, Mecklenburg County Precinct 12, on March 3, 2026 in Charlotte, North Carolina. Grant Baldwin | Getty Images House Democrats on Wednesday are introducing a proposal that would give tax relief to election poll workers. Under the legislation, led […]
Read More
Why are workers so worried about AI? Listen to how business leaders talk about it
Wenjin Chen | Digitalvision Vectors | Getty Images The widespread fear among workers of being replaced by AI now or in the future has been well documented. Recent headlines about Block and Oracle and layoffs only amp up the worry among workers being asked to learn this new technology. And while some of the concerns […]
Read More
CEOs are betting AI will augment work rather than displace all workers
The effect artificial intelligence will have on the labor market has left workers and job seekers alike worried about their future. Top executives, however, are optimistic that the technology can continue to augment workloads rather than entirely displace human employees. The debate over the future of work even extends inside the corridors of a major […]
Read More
Fed officials still foresee rate cut this year, despite war impacts, minutes show
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on March 18, 2026 in Washington, DC. Anna Moneymaker | Getty Images Federal Reserve officials at their March meeting still expected to lower interest rates this year, even with a high level of uncertainty […]
Read More
Brazil puts China’s BYD on list of shame for workers’ past slavery-like conditions
BYD vehicles in the production line at the company’s new electric vehicle factory at the Industrial Complex in Camacari, in the state of Bahia, Brazil Oct. 9, 2025. Joa Souza | Reuters Brazil has put China’s BYD on a registry of employers who have subjected workers to conditions similar to slavery, after a 2024 scandal in which Chinese workers were said to […]
Read More