Microsoft replaces employees with AI and saves $500 million
Artificial intelligence is increasingly replacing human labor. This is felt by individuals who lose income or work, as well as large companies that are cutting costs. One of Microsoft’s top executives said at a private presentation that in 2024 alone, the company saved hundreds of millions of dollars by automating work tasks. At the same…
Intel Foundry cuts up to 20% of staff — more than 10 thousand employees will be laid off without «golden parachutes»
Intel’s chip making business will soon experience rapid negative headcount growth. The reason is simple — a lack of money.
IBM launches «soft» return to offices program with relocation requirement, provoking layoffs in favor of AI
IBM Corporation, one of the world’s largest computer and software manufacturers, has launched a «soft» return to office program that offers employees to do full-time work under the threat of dismissal.
Golden parachute: Intel gives up to €500,000 in severance pay for voluntary departures
In Ireland, Intel has offered employees from the Leixlip team a severance package of up to €500 thousand for voluntary resignation. Recently, Intel announced that it would lay off 15% of its employees to cut costs.
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