MICROSOFT JOB REDUCTIONS
Amazon's corporate workforce may shrink as AI takes over routine tasks
Amazon CEO Andy Jassy announced that the rollout of generative AI and agents will lead to a reduction in the company's corporate workforce in the coming years. While AI is expected to automate tasks and reshape roles, experts anticipate a workforce reshuffling rather than mass unemployment. Amazon is implementing AI to enhance efficiency and customer experience across various internal operations.
Microsoft cuts hundreds more jobs after firing 6,000 last month
More than 300 employees were informed on Monday that their roles had been eliminated, according to a notice filed in Washington state and reviewed by Bloomberg. However, it was unclear which types of jobs were affected. Microsoft’s previous rounds of redundancies had primarily impacted software engineers.
LinkedIn lays off hundreds as tech giants continue to cut jobs
In October 2023, LinkedIn laid off 668 employees across its engineering, talent, and finance teams. Earlier that year, in May, the company cut 716 jobs across its sales, operations, and support teams as part of efforts to streamline operations and reduce organizational layers to enable faster decision-making.
It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to know
European firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have announced layoffs. Banks such as Commerzbank, HSBC, and UBS are also cutting jobs. Industrial companies like STMicroelectronics and Syensqo are adapting to volatility. Retail chains like Auchan and luxury brands like Burberry and LVMH are undergoing changes. ProSiebenSat.
Microsoft Layoffs: Tech giant trims fat to feed AI growth, 6,000 jobs gone — here’s who’s out, who’s safe
Microsoft Layoff News: Microsoft has laid off over 6,000 employees, about 3% of its global workforce, despite reporting strong earnings. These cuts primarily target high-salary roles, middle management, and senior engineers, in an effort to offset the massive $80 billion AI investment and maintain investor-expected profit margins. While junior roles are being automated, senior staff are now deemed costly. As AI reshapes the tech workforce, only those supporting core AI and infrastructure operations appear relatively secure, highlighting a ruthless new normal across the sector.
After US cuts funding, WHO chief defends USD 2.1B budget request by comparing it with cost of war
World Health Organization faces financial challenges after funding cuts. The chief urges member countries to support its budget request. The organization plans to raise annual dues and create a pandemic treaty. These steps aim to strengthen WHO's finances and improve pandemic response. The U.S. absence and lack of penalties raise concerns about the treaty's effectiveness.
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Company replaces 700 employees with AI, two years later, it's rehiring humans as AI falls short
Klarna, the buy-now-pay-later firm, will increase human hires after AI customer service fell short of expectations. Despite cost savings from AI automation, CEO Sebastian Siemiatkowski admitted the quality wasn't up to par. This shift reverses earlier workforce reductions driven by AI adoption, mirroring similar trends at companies like CrowdStrike, Duolingo, and Microsoft.
Microsoft layoffs: My husband worked 25 years, rarely took leave, but was laid off by algorithm, says wife in viral post
Microsoft has recently laid off approximately 6,000 employees, constituting about 3% of its global workforce, as part of a strategic restructuring effort. The company aims to streamline operations and accelerate its investments in artificial intelligence (AI) initiatives. These job cuts have impacted various departments and geographies, sparking criticism regarding the use of algorithms in the selection process.
The hottest jobs 5 years from now? The answers will surprise you
The job market is evolving too fast for five-year career predictions. Experts say AI, climate tech, space tech, and bioengineering will reshape entry-level roles. Skills in data science, automation, IoT, sustainability, and digital transformation will be key across sectors—from agritech and pharma to banking, manufacturing, auto, FMCG, and e-commerce—as new jobs replace older ones.
Microsoft layoffs hit coders hardest with AI costs on the rise
Microsoft's recent layoffs disproportionately affected software engineers, signalling AI's growing impact on even technical roles. As the company invests heavily in AI, it's scrutinising costs and automating code development, leading to workforce reshaping. Product and technical program management roles also faced significant cuts, while customer-facing positions remained largely unaffected.
HCL-Foxconn plant cleared; Airbnb’s India play
The Union Cabinet has cleared the sixth chipmaking facility under the India Semiconductor Mission. This and more in today’s ETtech Top 5.
Microsoft employee reveals how she was fired in ‘last-minute meeting’ by super boss
Microsoft layoffs: Microsoft will cut 6,000 people — about three per cent of its global workforce. An employee whose LinkedIn says she worked at Microsoft as a senior program manager shared her seven-year journey at the company. The employee revealed when she realised she was fired in a last minute call when an unfamiliar face joined the call.
Microsoft employee shares her layoff story with a positive message for others impacted: ‘We got this'
Microsoft recently announced layoffs affecting approximately 6,000 employees, marking its largest job cut since 2023. Carsolina Walton, a program manager with seven years at Microsoft, shared her experience on LinkedIn, detailing the suddenness of her dismissal. Despite the shock, she expressed optimism and a desire to explore new opportunities, reflecting on her fulfilling work in Accessibility and Sustainability.
Microsoft layoffs: Executive calls it a 'day with a lot of tears'
The mass layoffs come just weeks after Microsoft reported strong sales and profits that beat Wall Street expectations for the January-March quarter, which investors took as a dose of relief during a turbulent time for the tech sector and U.S. economy.
Microsoft not to rehire ousted employees for two years, considers departures ‘good attrition’
Microsoft has introduced a two-year rehire ban for staff let go over performance issues, labelling such exits as “good attrition.” The policy signals a tougher stance on underperformance, as the company streamlines roles. Similar moves by Google and Meta reflect a broader tech industry push for leaner, more efficient teams.
AI job loss: 40% of roles at risk, experts warn
AI's rapid growth is raising alarms about job loss, with experts warning up to 40% of roles could be affected globally. While fears of displacement are high, particularly in India, some see AI as a tool to improve work efficiency. The challenge lies in adapting to these changes while protecting jobs.
Reliance eyes Flipkart veteran; Small towns seek wealth
Flipkart's former chief product and technology officer is set to join Reliance Retail Ventures as CEO. This and more in today’s
Tech layoffs: Google, Microsoft, Meta among companies leading 2025 layoffs
Tech giants are pressing ahead with job cuts in early 2025, with thousands of roles impacted globally. Companies like Google, Microsoft, Meta, and TikTok are restructuring to cut costs and refocus on priorities such as AI. Layoffs are continuing at pace, echoing similar trends seen throughout 2024.
Bill Gates predicts AI will replace both blue-and white-collar jobs
In a podcast with Zerodha’s Nikhil Kamath, Bill Gates predicted that AI will replace both blue and white-collar jobs within 20 years, reducing labour shortages. He spoke of shorter work weeks and a rethink of time use. The interview also touched on tech leaders like Elon Musk and Mark Zyuckerberg and his memoir Source Code.
TCS defers wage hikes; Google layoffs
TCS is deferring annual salary hikes amid global business headwinds. This and more in today’s ETtech Top 5.
Google lays off hundreds from Android, Pixel teams in latest round of job cuts: Report
According to a report by The Information, the layoffs follow voluntary buyout offers made to employees in the same unit earlier this year. This is part of parent Alphabet’s plan of January 2023 to cut 12,000 jobs, or 6% of its global workforce.
Bill Gates reveals jobs that will survive the AI onslaught that is eating up work worldwide
Bill Gates, in a podcast, suggested that certain jobs might be resistant to AI. He mentioned cricket, nursing, and psychiatry as examples of activities countries might reserve for humans. Gates believes that even if robots could perform these tasks better, society might choose to prioritize human involvement.
Urban Company’s IPO nod, Canva spreads its wings
Happy Friday! At-home service provider Urban Company’s shareholders have greenlit its upcoming IPO. This and more in today’s ETtech Morning Dispatch.
Microsoft may announce fresh job cuts in May as part of restructuring: Report
The proposed cuts may target middle management roles to boost the ratio of engineers to non-technical staff within project teams. The round could target employees ranked lower on the company’s ‘ManageRewards slider’ performance review system.
SBI headcount reduction due to retirements, not AI: Nitin Chugh, SBI Deputy MD
State Bank of India's reduction in employee headcounts is attributed to scheduled retirements and fixed intakes of new hires, not due to AI implementation. Despite digital banking advancements, the necessity for human interaction remains, with SBI increasing its data science team and exploring AI for both front-end and back-end operations.
Appraisals for software engineers: Microsoft and Amazon are using performance reviews to decide who gets sacked
Renowned tech giants Microsoft and Amazon are getting all geared up to have their yet another new round of layoffs based the performance reviews of the employees and which is not a very good news for the employees.
Tech layoffs in 2024: The year that saw big tech job cuts surge
Industry giants such as Microsoft, Google and Apple were at the forefront of this trend. Google reduced top management roles by 10% as part of a broader push to double efficiency. Microsoft cut 1,900 jobs in January at Activision Blizzard and Xbox, representing about 8% of its Gaming division.
Microsoft layoffs will hit its sales, marketing employees in Finland
With today's news that Microsoft is cutting another 7,800 jobs, mostly former Nokia employees, it's not surprising that a big chunk of the layoffs will hit in Finland.
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