Block’s 40 Percent Cut and the A.I. Workforce Shift

The emergence of the temporal agent operating system could redefine how companies structure human labor. Photo by Joe Raedle/Getty Images When Jack Dorsey announced last week that Block — the parent company of Square, Cash App and Afterpay — would do just that Reducing its workforce by 40 percentAfter cutting more than 4,000 jobs and … Read more

Block’s Layoffs, Jamie Dimon’s Warning and the A.I. Workforce Shift

Without global guardrails, AI-driven workforce reductions threaten economic and social instability. Photo by Joe Raedle/Getty Images Block CEO Jack Dorsey’s announcement of a 40% reduction in the company’s workforce due to AI — followed by other major companies justifying their workforce reductions as AI-related — sparked immediate speculation about AI. Impact on white collar jobs. … Read more

Molson Coors to eliminate 9% of its Americas business workforce by end of year

DENVER (KDVR) — Beverage giant Molson Coors Beverage Company announced Monday it was restructured 400 of its paid positions were eliminated as part of the operation. These 400 jobs equate to about 9% of the company’s salaried workforce in the Americas, the company said. Is beer dying? Colorado is the top state for brewery jobs … Read more

IRS will furlough nearly half of its workforce as the government shutdown enters a second week

Washington– The IRS will furlough nearly half of its workforce Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted on its website. The agency said in a separate letter to its employees that most IRS operations are closed. This news comes after President Donald Trump and Congress failed to … Read more

South Koreans feel betrayed by workforce detentions at Georgia Hyundai plant

Seoul, South Korea (AP)-South Korea Foreign Minister left the United States on Monday to end the steps to return several hundreds of workers in South Korea detained in a huge migration raid in Georgia, a scene that caused confusion, shock and a sense of betrayal among many in the American nation. The September 4 raid … Read more

NASA slashing over 20 percent of workforce

((Hill– NASA reduces nearly 20 percent of its working power as part of President Trump Efforts to reduce its size Federal government Since the return To the White House. Nearly 4000 workers asked to leave the space agency within two rounds of Delayed resignation program. The deadline of the program was on Friday in the … Read more

Biotech company once valued at $700 million slashes entire workforce

((Crohn– The future of the biotechnology company on the peninsula changes significantly. The company announced on Monday in a press release of the Unity Biotechnology technology that starts from its entire workforce. The workforce reduction includes the CEO of Biotechnology, Financial Director and Legal Director. According to the edition, these three executive managers are moving … Read more

Austin nonprofit helps Latinas with workforce readiness program

Austin – Latinians make up about a third of the workforce in central Texas. However, according to a report issued by the Fund of Spanish origin, many of them “are limited to the minimum entry.” Austin’s workforce preparation program hopes to help bridge the economic gap. the Latinitas is not profitable The self -made course … Read more