After receiving backlash, the CEO of Standard Chartered apologizes for hurt over saying ‘lower value human capital’ will be automated by AI
The baby boomer bank leader took to LinkedIn to admit that his words had unnerved some of his…
Intuit to lay off over 3,000 employees to refocus on AI
Enterprise software giant Intuit is letting 17% of its staff go, or about 3,000 people, as it seeks…
AI-driven layoffs aren’t generating the returns companies expected, study finds
The ongoing dialogue regarding the ever-imminent displacement of white-collar workers by AI is predicated on the assumption that the…
Iran faces mass layoffs as war, internet shutdown and US blockade cripple economy
Iran’s economy, already weakened by decades of sanctions and mismanagement, is haemorrhaging jobs at an accelerating pace as…
Marvel Actor Blasts Disney Layoffs And Blames Them On AI
People are still reeling from Disney’s mass layoffs last month, including Ant-Man‘s Evangeline Lilly. The Marvel actor who…
Sam Altman’s thank-you to coders draws the memes
If you need a cathartic release from the news that Amazon laid off 16,000 workers, Block chopped nearly…
Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it
Speaking at the BlackRock Infrastructure Summit, OpenAI CEO Sam Altman tackled the growing public skepticism surrounding artificial intelligence,…
Anthropic just mapped out which jobs AI could potentially replace. A ‘Great Recession for white-collar workers’ is absolutely possible
The invention of electricity made menial jobs like the lamplighter, the elevator operator, and the knocker-up, the human…
The Curious Case of the Block ‘AI Layoffs’
Last week, Block CEO and ayahuasca enthusiast Jack Dorsey announced that he was cutting 40% of his company’s…
Goldman finds no relationship between AI and productivity but a 30% boost for 2 specific use cases
Corporate America is talking about artificial intelligence more than ever, but a new analysis by Goldman Sachs reveals…
Jamie Dimon says society should prepare for AI layoffs: ‘Now’s the time to start thinking about’ it
Jamie Dimon wants society to start worrying about AI-driven job loss before it actually happens. The longtime JPMorgan…
SCUSD board votes to cut mental health positions
OVERNIGHT SHELTER AT THE JACKSON CIVIC CENTER THROUGH THE WEEKEND AND BEYOND IF NEEDED. NEW THIS MORNING, THE…