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EV Maker Rivian to Cut Workforce by 10%

Startup signals flat production for 2024, falling short of Wall Street forecasts. Startup signals flat production for 2024, falling short of Wall Street forecasts. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

IBM India – India TV

Image Source : FILE AI created more jobs in web design, data science, digital marketing and more As generative artificial intelligence (AI) begins to threaten certain jobs, it was stated that AI will create more job options than it destroys. Sandip Patel, Managing Director, IBM India/South Asia, made the statement when he spoke to the news agency IANS that he has seen…

Cisco to Cut 5% of Workforce Amid Restructuring Efforts

Cisco said the cuts are part of a restructuring plan to realign its business and enable further investment in key areas Cisco said the cuts are part of a restructuring plan to realign its business and enable further investment in key areas FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials…

Nokia develops an AI tool to enhance industrial workforce efficiency

Nokia, the once legendary technology company, has introduced a different AI-powered tool aimed at revolutionizing industrial operations. Dubbed “MX Workmate,” this innovative solution leverages generative AI large language models to provide real-time insights and recommendations for industrial workers, ranging from identifying faulty machinery to optimizing factory output. The unveiling of MX Workmate marks a significant expansion of Nokia’s offerings in the industrial sector, It is built upon Nokia’s existing…

Google launches €25M AI drive to ‘empower’ Europe’s workforce

Google has launched a €25mn training and skills programme to help Europe’s workforce “seize the opportunity of AI,” the tech giant announced today.  The initiative is targeted at “vulnerable and underserved” communities, who Google said risk getting left behind as the use of AI in the workplace skyrockets — a trend that is expected to continue. Google said it had opened applications for social enterprises and nonprofits that could help reach those most likely to benefit from training. …

Car-sharing company Getaround cuts one-third of US workforce

Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is cutting 30% of its North American workforce as part of a restructuring. The company said in a statement it will restructure its workforce and operations to reduce costs in hopes of extending its cash runway and accelerating “its path to profitability.” Getaround wouldn’t disclose the number of workers it currently employs in North America or in Europe, where it also operates. The company…

French digital payments firm Worldline to lay off 8% of its workforce

"Worldline confirms that it has initiated social processes with the relevant employee representative bodies within the Worldline group," it said in a statement. "Worldline confirms that it has initiated social processes with the relevant employee representative bodies within the Worldline group," it said in a statement. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

New MATIC alternative on the verge of a 500% bullish breakout while Polygon lays off 19% of its workforce

In the ever-evolving landscape of cryptocurrencies, innovation and competition go hand in hand. While established projects like Polygon (MATIC) have made significant strides in the blockchain space, newcomers like Retik Finance (RETIK) are quickly gaining ground. This article explores the exciting prospects of Retik Finance, which is on the verge of a potential 500% bullish breakout, while also addressing recent developments regarding Polygon’s layoffs. Retik Finance: A Remarkable Journey Retik Finance has…

Why is Snapchat's parent company, Snap, cutting 10 per cent of its workforce?

Snapchat's parent company, Snap, revealed plans to let go of about 10 per cent of its global full-time workforce. The move comes after previous staff reductions, including a 20 per cent cut in 2022 and a 3 per cent reduction last year. At the beginning of 2023, Snap had approximately 5,300 employees. Snapchat's parent company, Snap, revealed plans to let go of about 10 per cent of its global full-time workforce. The move comes after previous staff reductions, including a 20 per cent cut in 2022 and a 3 per…

Snap to Lay Off 10% of Workforce Amid Tech Industry Job Cuts

February 5, 2024 @ 6:33 AM Snap will be undergoing a 10% workforce cut as the tech company announces layoffs, equating to around 529 employees.  CEO Evan Spiegel expects the company will incur charges ranging from $55 million to $75 million as a result of the cuts, according to a regulatory filing.  “In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growthover time, we have made the difficult decision to…