Tag: workforce
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Etsy lays off 12% of workforce as part of restructuring plan
(Corrects last paragraph to reflect that Etsy is reporting results on Wednesday, not Thursday)By Arriana McLymoreNEW YORK, NY, Aug 5 : Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will “improve coord
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Chime to cut 10% of total workforce on AI driven efficiencies
July 31 : Fintech Chime is cutting 10 per cent of its workforce, a spokesperson said on Friday, joining a growing list of companies using AI-driven efficiencies to streamline operations.The AI boom has increasingly reshaped corporate America’s workforce and hiring strategies as companies look to turn hefty te
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Vietnam’s baby bonuses unlikely to stop the aging clock
Vietnam has joined Southeast Asia’s push to raise birth rates, but experts say the greater challenge lies in adapting economies and welfare systems to an aging population.
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Oracle workforce shrinks by about 21,000 employees amid AI adoption
June 22 : Oracle’s total workforce declined 13 per cent, or about 21,000 employees in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption of AI across its operations.The company had a total workforce of 141,000 as of May 31, 2026, compared with about 1
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Oracle workforce shrinks by about 13%
June 22 : Oracle’s total workforce declined by about 13 per cent, or 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption of AI across its operations.The company had a total workforce of 141,000 as of May this year, compared with ab
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What happens when a company has no bosses? A Danish firm found out
At a Danish company that runs the country’s biggest network of electric-car chargers, the CEO made himself obsolete, and more than 500 employees now share responsibility for running the business.
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Commentary: What if AI retraining is just a comforting lie?
If upskilling is being touted as the bridge to an AI future, it must lead somewhere, says Catherine Thorbecke for Bloomberg Opinion.
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