Page 2 - Job Loss

Coal transition won't lead to job losses if system aptly executed: ISA DG

India won't experience any job losses in coal-dependent regions as it transitions towards renewable energy, provided the country designs its systems correctly, says Ajay Mathur, Director-General of the International Solar Alliance (ISA). In an interview with PTI, Mathur also said energy security remains a driving force, especially in view of the Russia-Ukraine war impacting traditional energy sources. While India doesn't intend to fully eliminate coal, the sole dependable energy source in the nation, there is a target to diminish coal's contribution from the existing 50 per cent in the energy mix to around 30 per cent and have 500 gigawatts (GW) of renewable energy capacity by 2030. Addressing concerns about loss of jobs as India moves away from coal, Mathur, who has also been a member of the Indian Prime Minister's Council on Climate Change, said the renewable sector holds promise for employment generation, particularly at the user level. "We need far more trained electricians who

Endless troubles: What is happening at quick commerce platform Dunzo?

Quick-commerce player Dunzo is struggling not only with financial losses but also with keeping its operations afloat

Nearly 4,000 people lost their jobs in US due to AI in May: Report

The Automotive sector announced 8,308 job cuts last month for a total of 18,017 this year, a 235 per cent increase from the 5,380 cuts announced in the same period last year

More startups to shed flab amid valuation bloat; layoffs 57% of CY22

Globally, 683 companies laid off 194,659 workers in 2023. This is already 18 per cent more than the 164,591 seen in 2022

These jobs most likely to be lost and created because of AI: Report

Many clerical or secretarial roles are seen as likely to decline quickly because of AI, according to the WEF report

Threat perception of job loss from AI higher among students: Survey

The threat perception of job loss due to artificial intelligence is higher among technology-inclined students compared to working professionals, a survey by Digit Research Lab said on Friday. Most of the respondents in the survey believe that their career progression will be hindered if they do not acquire skills in artificial intelligence (AI). The survey was conducted among 3,050 respondents, comprising young professionals in the technology space and students with an interest in technology, between March 24 and April 10. "The survey also revealed that 59 per cent of Indians perceive AI as a combination of both opportunities and threats, with 11 per cent seeing it as a significant threat that could lead to job displacement and increased competition. The perceived threat level is even higher among students, at 40 per cent, compared to working professionals at 36 per cent," the Digit survey said. The survey found that 67 per cent of participants were highly familiar with generative

Walmart sees more than 2,000 job cuts in e-commerce warehouses across US

The losses include more than 1,000 positions at a warehouse in Fort Worth

Facebook-parent Meta to cut 10,000 jobs in second round of layoffs

With the latest move, Meta expects expenses in 2023 to come in between $86 billion and $92 billion, lower than the $89 billion to $95 billion forecast previously

Edtech major Byju's lays off over 1,000 employees from engineering teams

The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date

US layoffs hit two-year high in Jan as tech firms cut thousands of jobs

Retailers, second after tech, cut 13,000 positions in January, compared with virtually no layoffs a year earlier

Ohio-based Goodyear to cut 500 jobs amid weak demand, rising inflation

The company said it's grappling with inflation in areas such as wages and benefits, countering the benefit from a decline in raw material costs

3M plans to cut 2,500 jobs globally as outlook signals more turbulence

3M shares dropped as much as 4.7% before the start of regular trading in New York

Healthtech unicorn Innovaccer sacks 245 workers, second job cut in 5 months

Innovaccer had said that its business fundamentals are still strong

Spotify lays off 600 employees globally, CEO takes full responsibility

The company had just over 9,800 full time employees as of its last earnings report

Ford plans to cut 3,200 jobs in Europe; union says, 'vowing a fight'

Ford of Europe produces, sells and services Ford brand vehicles in 50 markets, employing around 45,000 people at its own facilities and consolidated joint ventures, according to its website

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'

About 3,000 tech employees being fired a day on average in Jan: Report

Google's parent company Alphabet announced to lay off 12,000 employees, or about 6 per cent of its workforce

Google parent Alphabet to cut 12,000 jobs, over 6% of its global workforce

'Thank you for working so hard', says Google after cutting 12,000 jobs

WeWork to cut 300 jobs globally as inflation weighs on workspace spending

The company said on Thursday it expects to report fourth-quarter revenue and adjusted EBITDA above its earlier expectations

Crypto exchange Coinbase fires 950 people, shuts down several projects

The crypto company in June last year eliminated 18 per cent of its workforce, or nearly 1,100 people