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Laid-off techies struggle to find jobs with cuts at highest since 2001

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The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of … Read more

Microsoft introduces Copilot AI chatbot for finance workers

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Charles Lamanna, corporate vice president for business applications and platforms at Microsoft, speaks at a press event in San Francisco on Feb. 28, 2024. Jordan Novet | CNBC Microsoft on Thursday announced that it will release a Copilot chatbot that can perform key tasks for people working in finance. The software company will first offer … Read more

Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high

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L-R: Mark Zuckerberg, CEO of Facebook, Satya Nadella, CEO of Microsoft, and Sundar Picahi, CEO of Google. Reuters | Getty Images The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past … Read more

AI hiring frenzy to fuel layoffs in other tech segments this year

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Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As tech firms prioritize investments into artificial intelligence and go on … Read more

EBay to slash about 1,000 roles, or 9% of full-time employees

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eBay’s headquarters in San Jose, California, U.S. Bloomberg |  Getty Images EBay said Tuesday that it plans to lay off 9% of the company’s workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. The stock rose more than 3% in extended trading. Jamie Iannone, eBay’s CEO, told … Read more

SAP plans job changes or buyouts for 8,000 employees in restructuring

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SAP CEO Christian Klein speaks at a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. Stefan Wermuth | Bloomberg | Getty Images SAP said on Tuesday that it aims to carry out voluntary buyouts or enable job changes for 8,000 employees as part of … Read more

Aleph Alpha raises $500 million to build a European rival to OpenAI

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GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023. Jakub Porzycki | Nurphoto | Getty Images Aleph Alpha, a German startup taking on Microsoft-backed artificial intelligence firm OpenAI, said Monday it had raised $500 … Read more