Snap’s stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies
[ad_1] Omar Marques | SOPA Images | Lightrocket | Getty Images Snap‘s shares jumped on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies. CEO Evan Spiegel said in a letter to staff that the reduction would affect around 1,000 members of staff and that at […]
Oracle stock rises in premarket on plans to cut thousands of jobs
[ad_1] Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle rose in premarket trading on Wednesday as the multinational tech conglomerate looks to cut thousands of jobs to free up cash to build AI […]
Humber Polytechnic to proceed with layoffs after voluntary exit program falls short | Globalnews.ca
[ad_1] Descrease article font size Increase article font size Humber Polytechnic says it will move ahead with layoffs after a voluntary employee exit program failed to fully address its projected budget shortfall. In a statement, the college said it had introduced a Voluntary Employee Exit Program (VEEP) earlier this year in an effort to reduce […]
AI robots may outnumber workers in a few decades as firms ramp up investment
[ad_1] Digital generated image of multiple robots working on laptops siting in a raw. Andriy Onufriyenko | Moment | Getty Images AI robots will exceed the working population within a few decades as more firms adopt AI agents and continue to squeeze costs, a former Citi executive warned on Monday. Rob Garlick, Citi Global Insights’ […]
Pinterest stock sinks nearly 17% as tariffs hit earnings. Here’s what’s happening
[ad_1] Pinterest shares closed nearly 17% lower on Friday, after the company cited tariff-related shocks in disappointing fourth-quarter earnings. The social media company’s Q4 earnings came in below analysts’ expectations, with revenue of $1.32 billion compared with LSEG consensus estimates of $1.33 billion. Net income for the quarter plunged 85% to $277 million from $1.85 […]
Laid-off GM workers should get lower taxes on severance, Tories urge | Globalnews.ca
[ad_1] The Opposition Conservatives are calling on the federal Liberal government to reduce taxes on severance packages for laid-off General Motors workers in Ingersoll, Ont. Conservative Leader Pierre Poilievre penned a letter Sunday, co-signed by labour critic Kyle Seeback and local MP Arpan Khanna, addressed to Finance Minister François-Philippe Champagne calling for an exemption to […]