employment

eBay to cut 9% of workforce in second round of layoffs

eBay plans to cut about 9% of its workforce. CEO Jamie Iannone told staff in an internal memo that the company is simplifying operations and moving resources to its fastest-growing areas, Reuters reported on Wednesday, October 21. An eBay spokesperson…

Netflix cuts about 1,000 jobs in biggest layoffs since 2022

Netflix is cutting about 6% of its workforce, or roughly 1,000 jobs worldwide, The Wall Street Journal News Corp reported Wednesday. It is the company's largest round of layoffs since 2022. Co-CEOs Greg Peters and Ted Sarandos told staff in…

IMF chief warns AI is a ‘slow-moving tsunami’ for jobs

International Monetary Fund Managing Director Kristalina Georgieva warned on Monday, Oct. 12, that artificial intelligence is hitting the global labor market like a "slow-moving tsunami." She said young graduates will be hit first and that government tax revenues are also…

Most economists doubt AI boom will create jobs, WEF report finds

Even as artificial intelligence reshapes industries worldwide, a majority of the world's top economists do not expect the technology's expansion to translate into broad-based job creation, according to a new World Economic Forum report released on Tuesday.

Study finds AI adoption boosts senior jobs, cuts junior roles across 41 countries

Chamath Palihapitiya, the venture capitalist and CEO of AI coding startup 8090 Labs, has warned that popular AI coding tools risk turning a generation of software developers into "slot machine" players who churn out flawed code at speed rather than…

Goldman Sachs links AI adoption to hiring slowdown in four major economies

Artificial intelligence adoption has reached 15% to 20% across major developed economies, and the shift is already dragging down hiring in technology-intensive sectors, according to a new report from Goldman Sachs The Goldman Sachs Group, Inc. Research published this weekend.

Pew poll: 34 of 37 countries expect AI to shrink jobs

A sweeping new global survey by the Pew Research Center found that in 34 of 37 countries, more people believe artificial intelligence will lead to fewer jobs than more jobs over the next two decades — a finding that underscores…

UK survey: 1 in 3 employers cut entry-level jobs as AI reshapes hiring

Artificial intelligence is leaving a measurable imprint on U.S. employment data, with the technology and financial services sectors shedding an average of 28,000 jobs per month in 2026 even as the broader economy continues to add positions, according to a…

Goldman Sachs says AI is already slowing hiring across developed economies

Artificial intelligence is already leaving a measurable mark on hiring across the world's largest economies, with call centers, software publishing, and management consulting among the hardest-hit industries, according to a Goldman Sachs research report published Wednesday.

European stocks post best week since June after U.S. jobs miss

European equity markets closed the week on a high note Friday, capping their strongest weekly performance since late June as a sharply disappointing U.S. employment report reshaped expectations for Federal Reserve monetary policy.

Gold surges past $4,350 after U.S. economy sheds jobs in July

Gold surged past $4,350 an ounce on Friday after the U.S. economy unexpectedly shed jobs in July, delivering a dramatic miss that slashed expectations for further Federal Reserve rate hikes and sent investors rushing into the precious metal.