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Is AI beginning to replace human jobs? 7 major layoff announcements raise concerns


Procter & Gamble, hand sanitiser, face mask, COVID, coronavirus

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Procter & Gamble (P&G) announced on June 5 that it plans to cut 7,000 jobs over the next two years as part of its efforts to build a more agile organisation. While it is not yet clear which regions or divisions will be impacted, the company expects to incur over $1 billion in pre-tax restructuring costs across FY25 and FY26. These will cover severance, transition, and system changes.

Citi helps COVID-struck Indians in kind, pumps in essentials worth Rs 75 cr

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Citigroup, also on June 5, said it plans to lay off around 3,500 technology roles in China as part of its cost-cutting strategy. In January last year, the US…



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by Siliconluxembourg

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by WIRED

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by Gizmodo

Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link