When Elon Musk purchased Twitter and took the company over in 2022, he proceeded to fire approximately 80% of the social media company's bloated 7500 person workforce.
Working for the Man has always sucked, and they even write songs about it. Some people thrive in a structured environment with set expectations and defined rules, while others simply cannot be contained by a 9-to-5 job and daily commute.
Coinbase employees woke up Tuesday morning to an email from the CEO announcing a workforce reduction of up to 14% as part of a broader push to make the crypto firm "leaner, faster, and AI-native."
Welcome to another episode of Impact Theory with Tom Bilyeu, joined by co-host Drew. In this lively and in-depth discussion, Tom Bilyeu and Drew tackle some of the most pressing economic and political issues making headlines today.
• https://www.technocracy.news, By: Staff via Quartz
There are many forces at work to eliminate jobs due to AI. First, your job is rendered obsolete. Second, roles are being replaced by AI across multiple workers, resulting in layoffs.
The FaceBook currently known as Meta for one failed venture that incinerated nearly $100 billion in cash for its failed transformation to a virtual reality hub while laying off thousands, is at it again.
Over the course of the last decade, the great social debate has mostly revolved around the issue of "merit vs equity", or equality of opportunity vs equality of outcome.
In the spring of 1812, British textile workers smashed power looms across Nottinghamshire, convinced that the machines would make their skills worthless and their families destitute.
The gig economy includes many platforms such as Uber, DoorDash, and Instacart, but the amount workers earn can differ significantly depending on the app they use.
• https://www.zerohedge.com, by Naveen Athrappully
The Federal Aviation Administration (FAA) is issuing a new mandatory rule that requires all commercial airlines in the country to formally commit to merit-based hiring for pilots, according to a Feb. 13 statement from the Department of Transportation
Washington Post staffers beg owner Jeff Bezos to spare their jobs amid plans to slash HUNDREDS of paper's staff... as his glam wife Lauren Sanchez flaunts couture outfits at Paris Fashion Week
After the Thanksgiving Week debacle, the number of Americans filing for jobless benefits for the first time remains back in the same - very low - range it has been in for the last four years at 224k...
While the US labor market defied expectations in September – adding 119,000 jobs according to delayed numbers, the unemployment rate rose to 4.4%, the highest level in four years.
I'm glad I don't have to seek employment these days. Fortunately, my Social Security is augmented well enough by my very modest book royalties, and what I make writing here on Substack and for the American Free Press.
President Trump had a very clear choice in front of him starting in January -- Try to save America, or try to save the bankrupt Empire that lives at the expense of the American people.
With a changing economy, artificial intelligence (AI) replacing many jobs, and widespread unpreparedness for the job market, the time-honored tradition of tossing their caps in the air to celebrate earning their degrees...
In a scandal that has rocked the food industry, Campbell's has terminated its Vice President and Chief Information Security Officer Martin Bally after a leaked audio recording captured him making explosive...