TikTok, the popular social media platform owned by China’s ByteDance, is laying off hundreds of employees worldwide. On Friday, the company confirmed the layoffs as it shifts focus towards using...
Microsoft has announced it is cutting 650 jobs in its Xbox division, marking the third round of layoffs this year. These cuts come as the company works to manage costs...
Apple Inc. has eliminated about 100 jobs in its digital services group, Bloomberg News reported on Tuesday. The layoffs mainly impacted the team responsible for the Apple Books app and...
Despite the pervasive apprehension about AI potentially displacing jobs, a Massachusetts Institute of Technology (MIT) study, suggests that at present, AI is economically impractical for most roles. The study, titled...
A recent analysis by the International Monetary Fund (IMF) predicts that artificial intelligence (AI) is poised to impact nearly 40% of jobs worldwide. The probability for advanced economies is higher,...