Business
Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.
Jul 12, 2024
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1
Business
The Bay Area's wobbly tech industry is showing signs of stabilizing after suffering years-long waves of wrenching layoffs unleashed by the sector's quest for improved efficiency.
May 16, 2024
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23
Machine learning & AI
Nearly four million jobs in South Korea are at risk of being replaced by artificial intelligence technology over the next two decades, a central bank study released on Thursday said.
Nov 16, 2023
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17
Consumer & Gadgets
BT recently announced that it would be reducing its staff by 55,000, with around 11,000 of these related to the use of artificial intelligence (AI). The remainder of the cuts were due to business efficiencies, such as replacing ...
May 26, 2023
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15
Business
Wireless carrier Vodafone said Tuesday that it's laying off 11,000 workers as part of a major revamp aimed at cutting costs and boosting flagging financial performance.
May 16, 2023
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5
Business
Artificial intelligence is dominating headlines—enabling new innovations that drive business performance—yet the negative implications for society are an afterthought.
Feb 20, 2023
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65
Business
Embattled Dutch medical tech maker Philips said Monday that it would slash 6,000 more jobs worldwide in a bid to restore profitability after a massive recall of faulty sleep respirators.
Jan 30, 2023
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6
Business
The string of layoff announcements by Amazon and other Seattle-area tech employers has many asking whether the tech industry is bound for a major correction and even more job cuts in coming months.
Nov 21, 2022
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43
Automotive
Carmaker Volkswagen will shed up to 5,000 jobs between now and the end of 2023 as part of cost-cutting to finance its transition to electric vehicles, the company said in a statement Sunday.
Mar 14, 2021
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9
Business
Dutch airline KLM said on Thursday it will shed between 800 and 1,000 more jobs as the coronavirus pandemic is hitting the aviation sector for longer than expected.
Jan 21, 2021
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8
