Ride-hailing major Uber Technologies has announced another round of job cuts as the company accelerates the adoption of artificial intelligence (AI) across its operations. Around 10% of employees in Uber’s customer service division have been laid off as the US-based technology company looks to simplify its organisational structure and improve efficiency through AI. Uber Layoffs:…
Hyderabad: The Telangana government has formalised the TOMCOM Career Consultz MoU to expand ethical overseas employment opportunities for the State’s youth through skill development, language training and structured international placements. Labour, Employment, Training & Factories and Mines Minister Dr. G. Vivek Venkatswamy, who also chairs the Telangana Overseas Manpower Company Limited (TOMCOM), handed over the…
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Indian FDI in US reaches $16.4B, supporting 70,800 jobs. Indian firms invest in R&D and contribute to US economy. Washington, May 5 (PTI) Foreign direct investment from India to the United States was approximately USD 16.4 billion, which supported about 70,800 jobs, a senior US official said. Addressing a CII India Reception on the sidelines…
Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that India’s transition towards a green economy will unlock vast opportunities in “green jobs” and “green entrepreneurship,” positioning youth at the center of the country’s sustainability-driven growth. Addressing…
HSBC may cut up to 20,000 jobs as AI reshapes operations: Report New Delhi, March 19 (IANS) London-headquartered investment bank HSBC is considering significant job cuts over the coming years as Chief Executive Officer Georges Elhedery looks to deploy artificial intelligence (AI) to streamline operations, particularly in middle and back-office functions, according to reports. According…
Gulf Job Scams: How to Spot Fake Offers and Protect Yourself in UAE and Saudi Arabia As the Gulf continues to attract millions of job seekers, from local professionals to expatriates and international applicants, fraudulent job offers and fake recruitment schemes have become a persistent problem in the UAE and Saudi Arabia. These scams have…
People are getting more and more worried about losing their jobs as AI becomes more common in the workplace. Many workers are worried that machines could completely take over human jobs, from offices to hospitals. Nvidia’s CEO, Jensen Huang, thinks this fear misses an important point. Speaking on the No Priors podcast, Huang offered a…
Amazon is planning to cut approximately 14,000 corporate jobs starting next week, marking the second major layoff wave since October and bringing total reductions to 30,000 roles. CEO Andy Jassy clarified the cuts aren’t driven by AI or financial concerns but by excessive bureaucracy and organizational layers. The layoffs will affect employees across AWS, retail,…
If artificial intelligence is taking over human work, then why not tax it? That is the question US Senator Bernie Sanders is now asking some of the world’s most powerful tech leaders and AI backers, including Elon Musk and Bill Gates. As AI and robotics are advancing at a fast pace and even replacing human…