Ford and Anthropic say AI will wipe out half of all white collar jobs. AI is already doing 50% of the work at Salesforce.

Microsoft’s latest round of layoffs leaves even more tech workers in Washington without a job – and with a new worldview. What does it mean for an industry that was once seen as the last bastion of ...

About 160 people will lose their jobs at Microsoft’s ZeniMax Media in Rockville as part of the company’s recent cuts.

Recent statements from firms like Amazon, Shopify, British Telecom, Duolingo, and Klarna suggest that automation is reducing ...

Spotify, once the undisputed leader of the music streaming world, is now facing a major crisis. Despite its dominance, Spotify’s business model is failing. From constant price hikes to mass layoffs, ...

In that same year, Spotify experienced three rounds of layoffs, including a December round that axed 17% of the company’s global workforce. The Associated Press contributed to this report.

You lay off 17% of your organization, and you’re shocked that it impacted the day-to-day operations?” @the_corporate_escapee Spotify CEO shocked by negative impact of recent layoffs.

Spotify currently has 7,721 full-time employees globally, before the layoffs, it reportedlyhad 9,123 employees. Ek is not the first CEO to flag the high price of workforce reductions.

Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December. "It took us some time to find our footing," Ek told investors in an earnings call. The streaming giant had ...

Spotify Was Surprised That Laying Off 1,500 People Would ‘Disrupt’ Operations As Much As It Has Derrick Rossignol Music News Editor Twitter April 24, 2024 ...

After a year of heavy layoffs, podcast restructuring, and price raising, Spotify reported better-than-expected fiscal Q1 2024 earnings, achieving a profit as part of its ongoing “efficiency ...