Omar Marques | Lightrocket | Getty Images Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence. “We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail,” CEO Kris Marszalek posted on X. “As…
Arda Kucukkaya | Anadolu | Getty Images Meta stock climbed about 3% on Monday, following what it called “speculative” reports that the company is planning to lay off over 20% of its workforce to balance its big artificial intelligence spending plans this year. Reuters reported on Saturday that top executives at the tech giant told…
Kevin O’Leary says the Gen Zers who shine the most are the ones who can get the job done—whether they’re in the office or not. O’Leary, the founder of venture capital investment platform O’Leary Ventures, said young people should focus on “executing” to be successful. The Shark Tank star, who has previously been critical of…
The $400 billion enterprise software and cloud infrastructure giant Oracle is in the hot seat with a fiscal third quarter earnings drop on Tuesday amid a spotlight on its heavy borrowing and negative free cash flow. To set the scene, at the top line analysts are expecting about 20% growth in quarterly revenues to roughly…
An AI spoof ad featuring older and heavyset versions of tech billionaires like Elon Musk went viral for promoting a dystopian future where humans power the machines that put them out of work. One of the video’s creators says there’s at least some truth to it. In the video, aged-up versions of Tesla CEO Musk,…
While executives increasingly turn to AI to reduce headcount, the same CEOs perpetuating the AI jobs apocalypse argue “taste” could be a skill that gets you hired—and keeps your job secure. A day before announcing OpenAI’s newest $110 billion funding round, OpenAI CEO Sam Altman took to X to comment on how even non-technical people…
As corporate America and Europe drag workers back to five days in the office and squeeze for ever more efficiency, Japan is quietly paying thousands of older employees to show up, sit down and do almost nothing at all. Meet the “madogiwazoku” cohort—older, underperforming, or redundant employees who are assigned desks near the window with…