Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. For my column this week, I told the story of how an ex-colleague was impersonated by an AI-powered spambot and almost tricked me. It a nutshell: AI is often used for good, but it is increasingly used for nefarious purposes … Read more
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to do so, with the key exception being JPMorgan Chase, the biggest and most profitable … Read more
Google headquarters in Mountain View, California, on Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut dozens of jobs in its news division this week, CNBC has learned, downsizing at a particularly sensitive time for online platforms and publishers. An estimated 40 to 45 workers in Google News have lost their jobs, … Read more
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Bloomberg reports that Fortnite developer Epic Games is expected to lay off 16 percent of its workforce, or around 900 people. In a statement from Tim Sweeney, Epic has confirmed the layoffs. He wrote that the company intends to divest from Bandcamp — an independent music storefront company Epic acquired just last year — and … Read more
A courier for Foodpanda, a meal-delivery service operated by Supply Hero AG, checks his smartphone whereas sitting on a motorbike on the firm’s operations middle in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok’s famed love affair with meals is spilling over to meal-delivery apps, a fledgling sector that Foodpanda tasks will surge in 2018 … Read more
Westend61 | Westend61 | Getty Pictures Specialists have been pointing to a coming downturn for the U.S. economic system. The query was when. Now, nonetheless, some companies and specialists are strolling again these predictions, calling into query the validity of a once-trusted recession indicator referred to as the yield curve inversion. “Whereas it’s true that … Read more
Microsoft CEO Satya Nadella arrives at court docket in San Francisco on June 28, 2023. Philip Pacheco | Bloomberg | Getty Photos Microsoft confirmed on Monday that it is eliminating extra jobs, every week after the beginning of its 2024 fiscal 12 months. The cuts are along with the downsizing introduced in January that resulted … Read more
Daniel Grill | Tetra Pictures | Getty Pictures The beginning of the yr was tormented by waves of layoffs: by way of the top of Might, firms introduced plans to chop 417,500 jobs, up 315% from the identical interval final yr, in keeping with Challenger, Grey & Christmas. Massive names like Disney, Google, Lyft and … Read more
One month after Amazon ordered its company staff to return to the workplace, a few of them have walked again out. Rallies passed off exterior the corporate’s Seattle headquarters at this time and Amazon places of work in another cities. The workers are protesting Amazon’s return-to-office mandate and a scarcity of significant progress on its … Read more
Mark Zuckerberg, chief govt officer of Meta Platforms Inc., left, arrives at federal court docket in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Photographs Towards the top of 2022, engineers on Meta’s staff combating misinformation had been able to debut a key fact-checking software that had … Read more