MASS LAYOFFS AI
US-China AI race could face financial setbacks, mass layoffs over next three years: Report
The report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach and the US market-driven model.
First husband, then wife lose their tech jobs in US, newborn baby at home and healthcare coverage worries. Heartbreaking post highlights growing anxiety among tech workers
Ha Nguyen, a founder and managing partner, shared the heartbreaking story of a US-based tech couple who lost their jobs one after another while caring for their newborn baby. With healthcare coverage at risk, the couple faces mounting uncertainty. Her post highlighted the human cost of tech layoffs and called for greater support for affected employees.
AI can perform the work of 10 people, says Zoho’s Sridhar Vembu, warns of headcount impact
Sridhar Vembu, the visionary behind Zoho, raises alarms regarding the transformative role of AI on computer-related jobs. He posits that one AI-empowered individual might outperform several workers. While acknowledging impending job cuts, he is optimistic about fresh opportunities opening across different sectors. Vembu also points out the soaring costs tied to AI technologies, urging companies to pivot swiftly.
Zoho’s Sridhar Vembu sees a painful rebalancing of jobs in the AI age
Sridhar Vembu expressed concerns regarding the impact of artificial intelligence on computer-based employment. He indicated that AI could allow one person to perform the work of ten. Despite this productivity gain, he mentioned that not everyone would lose their jobs.
IMF, OECD warn AI could widen rich-poor country divide
Recent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improving productivity. Nevertheless, challenges in accessing this technology persist for less affluent nations and smaller enterprises. Additionally, youth and entry-level workers might experience increased job insecurity due to AI's workplace disruptions. As corporations initiate workforce reductions to adapt to AI, effective adoption of this technology will be vital in creating fair growth prospects moving forward.
IMF, OECD warn AI could widen rich-poor country divide
Artificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countries and smaller businesses face severe challenges in adopting this technology due to inadequate resources. Young and entry-level workers are particularly at risk as AI increasingly automates entry-level tasks traditionally used for gaining experience. Reports indicate significant layoffs occurring in various companies as they adopt AI for efficiency.
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Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companies
The cofounder and chief scientist of the SaaS firm said Zoho retrains people to deploy on new products or helping customers better, when AI productivity enables smaller teams.
Sridhar Vembu net worth: Zoho co-founder who built a multi-billion dollar business ranks among India’s richest with his siblings; his career, education and wealth
Sridhar Vembu Net Worth: Zoho co-founder Sridhar Vembu and his siblings have a combined net worth of $5.8 billion, according to Forbes. He grew up in a village in Tamil Nadu, studied at IIT Madras and Princeton, and now lives in rural Tenkasi. His wealth is in the news again after he said Zoho staff will not get a pay hike this year.
‘Please pray for us,’ says Sridhar Vembu as Zoho skips pay hikes amid rising AI costs
Vembu said that the company has also gone 18 months without growing its employee count and is looking to avoid mass layoffs.
Zoho skips pay hikes, cites raised AI costs and geopolitical backdrop
In a recent statement, Zoho's founder Sridhar Vembu announced that the company will not implement salary hikes for its employees. This decision stems from the soaring costs associated with artificial intelligence and notably increased server prices. Vembu also pointed to the current challenging geopolitical circumstances affecting their financial strategy. Despite a steady growth rate of approximately 12 percent, the prospect of layoffs looms as new revenue streams have diminished significantly.
Samsung plans $9.15 billion semiconductor investment, with nearly $6 billion earmarked for Vietnam
Samsung affiliates are planning to invest over 12 trillion won in semiconductor operations across Vietnam and South Korea. The company aims to enhance its memory chip testing facilities in Thai Nguyen, Vietnam, set to begin in late 2027. Additionally, Samsung Electro-Mechanics is expanding its flip-chip manufacturing capabilities, targeting completion in Vietnam by June 2030. The expansion aims to meet growing global orders while ensuring high-value production remains in South Korea.
India’s AI rules take shape; TCS profit jumps 15%
The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
Amazon India layoffs: Pink slips handed to employees across retail, customer service functions
The layoffs came to light a day after Amazon's biggest flagship sale event in the country, Great Indian Festival, opened on October 7.
Making people redundant is a no-win: Revolut India CEO on AI job cuts
As large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is critical to account for AI adoption first in processes before hiring.
Uber layoffs impact India; RMG ban, a year on
Happy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
Oracle layoffs September 1: Will employees wake up to another ‘6 a.m. email’ tomorrow after 21,000 jobs were cut as AI spending soars?
Oracle layoffs 2026: Employees are reportedly bracing for another round of job cuts after Oracle eliminated around 21,000 positions earlier this year in March. With managers allegedly asked to identify roles for possible cuts, workers fear another wave of the company’s infamous “6 a.m. email” could arrive as Oracle continues pouring billions into AI and cloud infrastructure.
AI is creating more jobs than it destroys in India, but freshers face the squeeze
AI is creating more jobs than it destroys in India currently. However, entry-level hiring is declining significantly for young workers. Companies increasingly value experienced employees with deeper business knowledge. AI-related job losses are concentrated in financial services and technology sectors. India faces a unique challenge and opportunity with its large tech workforce.
Oracle plans more layoffs as AI spending surges. Is the AI jobs apocalypse finally here?
Oracle is said to be planning additional job cuts this month, following a substantial reduction in its workforce in the previous fiscal year. Meanwhile, wider trends indicate that while AI is reshaping jobs rather than simply removing them, investment in AI is simultaneously generating new employment opportunities across diverse sectors. The influence of technology on the labor landscape continues to evolve in a complex manner.
Jeff Bezos rejects AI-induced job-loss fears, says the technology will ‘elevate’ workers
Amazon founder Jeff Bezos dismissed AI job loss fears, predicting it will instead create labour shortages and boost worker productivity. He argued that AI will augment human roles, not replace them entirely, enabling work at a higher level. This comes amid layoffs at the company, though Bezos claims they weren't AI-driven.
US mass layoff alert: WARN notices hit highest level since 2016 – why economists warn of a weakening labour market
US mass layoffs 2025: United States employers are announcing significantly more layoffs. Worker Adjustment and Retraining Notification alerts are at their highest since 2016. This trend indicates a shift away from a stable job market. Companies are openly discussing job cuts, with artificial intelligence a growing factor. Layoffs have jumped substantially year-over-year, reaching over a million this year.
US mass layoff alert: Nearly 40,000 Americans got WARN notices in October - is a bigger job crisis coming this month?
US job cuts 2025: US job market shows strain as layoff warnings surged to nearly 40,000 in October, a level not seen in years. Major companies like Target, Amazon, and UPS have announced cuts, fueling concerns. Economists predict further job losses ahead, particularly with growing AI adoption, though a delayed jobs report is expected soon.
Why AI-led layoffs are bad not just for the laid off: Big reality check coming for Indian economy
India's tech sector faces a concerning trend of silent layoffs, potentially impacting over 50,000 jobs this year, alongside overt dismissals. This slowdown risks India's consumption-driven economy, as IT employees are key consumers. While AI poses job displacement risks, it also offers potential for millions of new roles through reskilling and R&D.
After Microsoft and Intel, now Cisco to layoff staff in its Bay Area office - here are the departments affected
Cisco layoffs 2025: Cisco Systems, following Microsoft and Intel, will lay off 221 employees in its Bay Area offices in October 2025, according to WARN filings. Despite strong revenue growth, including a 5% increase to $56.7 billion for fiscal year 2025, this move echoes a previous layoff of 840 employees last year.
JD Vance torches Microsoft for axing US jobs while doubling down on H-1B visas
Vice President JD Vance has criticized Microsoft and other big tech companies for laying off American workers while simultaneously increasing their reliance on H-1B visas for foreign labor. He questioned the ethics and economics of these companies' actions, especially as Microsoft proceeds with AI hiring after significant workforce reductions. Microsoft's stock price has risen despite the layoffs.
Mass layoffs in 2025: Microsoft, Meta, and more big names slash jobs — is yours next?
In 2025, layoffs persist across technology, retail, and space exploration, driven by AI and automation. Companies like Meta, Boeing, and Chevron are reducing staff for efficiency and restructuring. A World Economic Forum survey indicates 41% of businesses anticipate AI-related job cuts in the next five years, signaling a rapidly changing workplace.
Amazon, Microsoft, Meta, Intel and more: List of top US tech giants that have announced mass layoffs in 2025
Many tech companies such as Amazon, Microsoft, Meta, Intel and others have announced mass layoffs in the year 2025. The layoffs are not just limited to tech giants as the Wall Street Journal points out that US public companies have reduced their white-collar workforces by a collective 3.5% over the past three years.
Bengaluru startup CEO alleges ex-employee stole his passport with US Visa following mass layoffs: Check details
Saarthi AI, a Bengaluru-based startup, is grappling with multiple issues, including allegations of unpaid salaries and a claim from its CEO, Vishwa Nath Jha, that a former employee stole his passport containing a US visa. The CEO’s claim adds a new layer to the company's ongoing financial struggles, which began with mass layoffs aimed at achieving profitability. Despite Jha's denials and efforts to resolve the company’s financial issues, former employees report they have not received their salaries for over a year.
Google braces for more layoffs after thousands fired in New Year: report
Google CEO Sundar Pichai said this year's layoffs were aimed at “removing layers to simplify execution and drive velocity in some areas.” This comes as the company recalibrates priorities to fit investment into AI technology.
Deloitte is looking to AI to help avoid mass layoffs in future
The moves come after Deloitte added 130,000 staffers this year. But in the midst of those hirings, though, the firm warned thousands of staffers in the US and UK that their jobs were at risk of becoming redundant after the company was forced to restructure certain areas of the business in response to a slowdown in demand.
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