Block Cuts Nearly Half Jobs to Accelerate AI Shift
Block is eliminating more than 4,000 roles, nearly 40% of its workforce, as it pivots toward AI-driven automation. Shares surged over 24% in after-hours trading following the announcement.
Thinking Machines Lab Loses Founders to Meta
By
Maria Konash
Two more founding members of Thinking Machines Lab have joined Meta, highlighting ongoing talent departures from the $12 billion AI startup.
ByteDance Expands U.S. AI Team Amid National Security Scrutiny
ByteDance is hiring for dozens of U.S.-based AI roles as it aims to compete with American companies despite ongoing national security concerns.
OpenAI Brings OpenClaw Creator In-House, Keeps Project Open Source
By
Marcus Lee
OpenAI CEO Sam Altman said the creator of the viral AI agent OpenClaw is joining the company, while the project will continue as an open source initiative supported by OpenAI.
Heineken to Cut 7% of Workforce, Leaning on AI Productivity
Heineken announces up to 7% workforce reduction, citing AI and digitization as key tools to achieve productivity savings and support growth in premium brands.
Pinterest Fires Engineers Over Layoff Tracking Tool
Pinterest CEO Bill Ready dismissed engineers who built an internal tool to track company layoffs, citing privacy violations and obstruction of company operations.
Amazon to Cut 16,000 Corporate Jobs Amid AI Investments
Amazon announced plans to cut roughly 16,000 corporate roles, the second major reduction since October, as it invests heavily in artificial intelligence and organizational efficiency.
Pinterest to Cut Around 15% of Workforce for AI Focus
Pinterest will cut around 780 jobs to focus on AI-driven products and strategy, while investors remain cautious amid competition from TikTok and Meta platforms.
AI Is Making Big Companies Slow Down Hiring, Fed Official Says
Minneapolis Fed President Neel Kashkari said artificial intelligence is reducing hiring needs at large companies while delivering measurable productivity gains. Smaller firms are seeing less impact so far.
OpenAI Is Paying Millions per Employee to Win the AI Talent War
OpenAI is paying employees an average of $1.5 million in stock-based compensation, far exceeding peer startups as it races to retain top AI talent. The strategy is inflating losses and reshaping expectations ahead of a potential IPO.
Behind the AI Boom, Europe’s Banks Are Planning Deep Workforce Cuts
By
Maria Konash
European banks could eliminate more than 200,000 jobs by 2030 as artificial intelligence reshapes operations and accelerates branch closures. Back-office, risk, and compliance roles are expected to be most affected.
ACCA Ends Online Exams as AI Makes Cheating Too Easy
The world’s largest accounting body will scrap remote exams from March, citing rising cheating risks linked to AI tools. Candidates will be required to sit assessments in person except in limited cases.
AI Drives Rising Corporate Layoffs in 2025
Artificial intelligence has become a major factor behind U.S. job cuts in 2025, with companies citing automation and efficiency gains as reasons for workforce reductions. More than 55,000 layoffs this year have been directly attributed to AI adoption.
Senator Warns AI Could Spike Graduate Unemployment to 25%
Senator Warner highlights risks of AI job displacement for recent graduates, calling for industry and government collaboration to track and manage AI’s workforce impact.
HP Plans 4,000–6,000 Job Cuts as AI Reshapes Operations
HP Inc announced plans to reduce 4,000–6,000 jobs globally by fiscal 2028, citing AI adoption, operational efficiency, and rising memory chip prices. The cuts will primarily affect product development, internal operations, and customer support teams.
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