Indian fintech giant Paytm has announced layoffs of 1,000 employees, affecting its operations, sales, and engineering teams. The primary reason for this decision is the integration of artificial intelligence technologies to enhance operational efficiency by using AI-driven automation to eliminate repetitive tasks, thus reducing costs and improving efficiency. This is not the first time layoffs have occurred; back in 2021, Paytm had previously laid off some employees due to performance issues. The layoffs mainly affect the lending team, which, despite the strong performance of the loan business, accounts for more than 30% of the total workforce. In response to cost pressures, the company has decided to downsize.

Dell has recently initiated its second round of major layoffs, marking the second time in 15 months that the company has taken such action. The layoffs primarily focus on restructuring the sales team to enhance the sales of AI products and optimize data center sales strategies. It is reported that approximately 12,500 employees, mainly from the sales and marketing teams, are affected this week. Over the past 15 months, Dell has laid off more than 20,000 employees, including 13,000 in the last fiscal year, nearly half of which occurred in February of last year. The layoffs aim to streamline management and reallocate investment priorities.

Intel announced layoffs of 15,000 employees to cut costs and improve profitability. As part of its 2025 plan, the company expects significant reductions in R&D and marketing spending by 2026, with a 20% decrease in capital expenditures this year. The layoffs, representing 15% of its workforce, led to a nearly 20% drop in stock prices. CEO Pat Gelsinger acknowledged poor financial performance in Q2, with a $1.6 billion loss and only 1% revenue gro....

Following the layoff turbulence earlier this year, Tesla is now actively expanding its workforce, particularly in the fields of artificial intelligence and robotics. Over the past few weeks, the company has posted around 800 new positions on its recruitment page, signaling a shift in strategic focus.This recruitment drive is primarily focused on Tesla's robotics and AI departments. New hires will mainly be dedicated to developing autonomous driving software, contributing to Tesla's Autopilot and

Meta's Chief Technology Officer Andrew 'Boz' Bosworth announced the largest hardware department restructuring since the company's rebranding to Reality Labs in 2020.

25% of global CEOs anticipate that the deployment of generative artificial intelligence will lead to at least a 5% reduction in workforce this year. The media, banking, insurance, and logistics sectors are most likely to foresee layoffs due to advanced AI tools. 46% of CEOs expect that the use of generative AI in the next 12 months will enhance profitability. AI models are expected to have a profound impact on the economy and society.

Google has confirmed layoffs of hundreds of employees as it aims to invest more resources in the artificial intelligence sector. The layoffs involve core engineering teams, voice assistant projects, and hardware departments. The company stated that this move is to enhance efficiency, align resources, and support employees in finding new positions. Google launched its generative artificial intelligence product, Gemini, at the end of last year.

Deloitte plans to use artificial intelligence to reassign employees to departments with high demand, avoiding large-scale layoffs. AI technology will evaluate employee skills and facilitate transfers to more promising business areas, aiming to balance new hiring growth. Deloitte has begun using generative AI tools to enhance productivity, forecasting that AI investments could lead to a 30% increase in S&P 500 profits. This year, Deloitte added 130,000 new employees, and the move to retain staff using AI is part of its strategy to scale up after the pandemic.

UK AI chip company Graphcore has laid off most of its employees in China and stopped sales in the country due to increased U.S. export controls. Once a popular startup in Europe, Graphcore is now facing losses, order losses, and funding difficulties. The company's CEO pointed out that the Chinese market accounted for 20% to 25% of its revenue, and the layoff decision will impact its development in China. Graphcore is struggling with bad luck, management mistakes, and software issues, leading to unclear business direction and low morale. The UK government has not included Graphcore in its domestic support.

Contractors have joined the Alphabet Workers Union (AWU) to protest against retaliatory layoffs. The NLRB has determined that Google and Accenture are joint employers within the Google Content Creation Operations team in the U.S., prompting the protests. Google stated that it should not be involved in the union formation petition, but the NLRB concluded that 'Accenture and Google are joint employers of the petitioners.'

Deepgram's moat is too shallow to withstand competition from tech giants. Jasper, as a 'shell company' of ChatGPT, completely relied on open-source models and collapsed overnight. Domestic AI companies should build vertical models to mine data in niche areas and establish moats. To achieve product-market fit and address real needs, companies cannot just blindly follow trends with 'shell models'. In the long run, the integration of data and models will be the core competitive advantage.

Intuit began its AI transition five years ago. In 2019, the CEO decisively laid off over 700 employees. Intuit spent a significant amount to acquire companies to obtain vast amounts of data for training AI models. Intuit believes that the progress of employee skills transformation training is too slow, leading to direct layoffs of older employees. Intuit aims to double customer savings by 2025 and increase the success rate of small and medium-sized enterprises by 20% by 2030. The Intuit CEO believes AI will eliminate companies that cling to outdated practices, demonstrating foresight.

1. The Spanish site Gizmodo en Español, part of the tech website Gizmodo, has suddenly closed, and all Spanish editors have been laid off. 2. The site now fully relies on AI to translate English content to automatically generate Spanish articles, which are marked as translated by AI at the bottom. 3. Some Spanish editors have expressed their dissatisfaction on social media, and readers have also criticized the decline in content quality.