Sanders: AI may take 100 million jobs in the next 10 years
Bernie Sanders says in a new ChatGPT-assisted report released Monday that AI and automation could eliminate nearly 100 million jobs over the next decade. Titled “Big Tech Oligarchs’ War…
Tag
Jobs
AI won’t just eliminate millions of jobs. It will also create millions
Since our return from Davos, Switzerland, earlier this year, we have been dissecting the World Economic Forum’s Future of Jobs Report 2025. The WEF surveyed more than 1,000 companies from…
Ex-Starbucks staff take to TikTok after losing their jobs amid hundreds of sudden closures
Last week, Starbucks announced the closure of 1% of its North American stores by the end of 2025, resulting in sudden job losses for hundreds of baristas. The closures are one part of a $1…
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut around a quarter of its workforce in its electrified…
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand job cuts on Monday (Sep 29) at the airline’s…
OpenAI claims AI is making coding jobs better, not worse. Is it true?
The meteoric rise in artificial intelligence and its usage in nearly every facet of our daily life is leaving a profound mark on the job market. In the first quarter of 2025 alone, more…
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of…
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900 jobs in a US$1 billion restructuring effort as…
Good AI innovation means focusing on workflow not cutting jobs
When I was an engineer at Stripe circa 2017, I pitched a machine learning system that would cut our support headcount in half. I thought I was solving the biggest cost to the company:…
The Fed is expected to cut rates: here’s how it might impact jobs
The Federal Reserve is expected to cut interest rates this week. Rates are currently around 4.25% to 5.5%, but the Federal Reserve is expected to lower the interest rate by a quarter point…
Trump administration ends a federal program helping older people get jobs since the 1960s
For the first time in U.S. history, there are more Americans over 62 than under 18. With the national workforce getting older every year, many economists argue that having people keep…
Novo Nordisk layoffs: 9,000 jobs cut as weight-loss drug competition with Eli Lilly heats up
Novo Nordisk, the Danish pharmaceutical giant behind the popular weight-loss drugs Ozempic and Wegovy, just announced plans to cut 11% of its workforce as competitors like Eli Lilly…
Asian markets enjoy record day as new US jobs data fans rate cut hopes
Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations…
Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
Ozempic-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
Asia: Markets rally as new US jobs data fans rate cut hopes
ASIAN markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal…
Stocks on Wall Street are up ahead of revisions to U.S. jobs numbers
Wall Street inched higher early Tuesday ahead of a government data revision that economists expect will reveal that the U.S. labor market was sputtering well before President Donald Trump…
Hasbro will move toy headquarters to Boston, creating 700 jobs
Hasbro, the company behind the Monopoly board game, is moving its headquarters to Boston from Pawtucket, Rhode Island, boosting the city’s struggling business district and Massachusetts…
DOGE spent months slashing jobs. Now its leader says the government needs to hire again
The Department of Government Efficiency made its reputation on staff cuts. Under Elon Musk, DOGE slashed the federal payroll in the name of cost-cutting. Now, the division’s new leader is…
Tech is making workers’ jobs more dangerous instead of safer
Technologies from AI to advanced robotics have been celebrated for their ability to lighten people’s workload. But despite their promises, these technologies aren’t being used to improve…
Oil prices settle down more than 2% after weak US jobs report
Oil prices fell on Friday (Sep 5) as a weak US jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after Opec and allied producers meet over the…
US: Stocks dip after poor jobs data
Wall Street stocks finished lower on Friday (Sep 5) as markets grappled with worries about the latest weak US labour market data, which was offset somewhat by expectations for US…
No tax on tips and overtime: Full list of 68 jobs eligible for the write-off under Trump’s Big Beautiful Bill
Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while…
You Know the Jobs Numbers Are Bad When Trump Is Posting About Epstein
The confused and badly failing Democrat Party did nothing about Jeffrey Epstein while he was alive except befriend him, socialize with him, travel to his Island, and take his money! They…