News
Fake bosses, real losses: Govt alerts businesses to rising CEO impersonation scam
1+ day, 4+ hour ago (385+ words) I4 C warns that cybercriminals are hijacking executive Whats App accounts and impersonating senior leaders to trick finance teams into transferring company funds. In an advisory issued on Monday, the Indian Cyber Crime Coordination Centre (I4 C) said the scam, commonly referred to…...
Tech and remote workers who don't use AI face triple the layoff risk, Gallup finds
5+ day, 4+ hour ago (595+ words) One-quarter of workers who lost their jobs said they had been employed in fully remote roles, compared with 13% of currently employed workers who work entirely remotely. Technology workers who fail to make artificial intelligence a regular part of their jobs…...
37% of entry-level tasks in India already performed by AI: Cognizant-Pearson study
5+ day, 4+ hour ago (394+ words) AI is transforming entry-level jobs in India, making workforce redesign an urgent priority for CHROs. A new study by Cognizant and Pearson has found that 37% of entry-level tasks in India are already being performed by AI, placing the country ahead…...
US jobless claims ease as labour market holds firm
5+ day, 5+ hour ago (433+ words) Data released by the US Labor Department showed initial jobless claims declined by 4, 000 to 226, 000 in the week ended June 13. Applications for unemployment benefits in the United States fell slightly last week, signalling that layoffs remain subdued despite ongoing economic uncertainty…...
CEO's veg-only offsite menu triggers debate over workplace choice
5+ day, 2+ hour ago (359+ words) Kasbekar shared the incident on X, alleging that the CEO, who was not the company's founder, insisted on a vegetarian-only menu throughout the retreat." While he did not name the company or executive involved, the post quickly gained traction and…...
Dow starts workforce reductions in Midland amid 4, 500 global job cuts
5+ day, 5+ hour ago (548+ words) Dow has started notifying employees in Midland, Michigan, of layoffs as part of a sweeping global workforce reduction tied to its "Transform to Outperform" restructuring programme, marking one of the most significant workforce reshaping efforts in the company's recent history....
Apis Partners invests US$50 million in BIPO to accelerate global payroll, HR and workforce finance expansion
5+ day, 3+ hour ago (363+ words) BIPO also plans to increase investment in AI through agentic workflows designed to automate payroll and HR processes while maintaining the human oversight required for compliance-sensitive operations. The investment comes from Apis Growth Fund III, which recently closed at US…...
Meta executive behind controversial AI overhaul and layoffs exits company
6+ day, 3+ hour ago (713+ words) Emily Dalton Smith, who was tasked with advancing Meta's internal AI transformation programme, is leaving the company as employee concerns persist over automation, workforce restructuring and AI-driven workplace changes. Emily Dalton Smith, the Meta executive leading a major internal AI…...
This fintech firm cuts 300 jobs as it seeks a leaner operating model
1+ week, 5+ hour ago (385+ words) Robinhood is reducing its workforce by 10% and closing a small number of open positions as the trading platform looks to streamline operations while continuing to develop new products. Robinhood Markets is cutting approximately 300 jobs, representing about 10% of its workforce, as…...
Nearly 1 in 5 businesses use AI, 96% haven't cut jobs: Report
1+ week, 4+ hour ago (443+ words) New research suggests AI adoption is accelerating across businesses, but fears of widespread job losses have yet to materialise as most companies use the technology to support existing work rather than replace employees. Businesses are adopting artificial intelligence at a…...