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.
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.
LinkedIn Adds Verified AI Skill Certificates to Profiles
LinkedIn is rolling out verified AI skill certifications that let users showcase real-world proficiency with popular AI tools, based on ongoing product usage rather than tests or self-declared skills.
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.
McKinsey and General Catalyst Warn AI Makes “Learn Once, Work Forever” Obsolete
At CES 2026, McKinsey’s Bob Sternfels and General Catalyst’s Hemant Taneja highlighted AI’s rapid growth, its potential to create trillion-dollar companies, and its impact on workforce strategy.
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.
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.
Anthropic CEO Warns Half of Junior Workers Could Lose Jobs to AI Within Five Years
Anthropic CEO Dario Amodei says AI advances could leave half of junior employees jobless within five years, urging governments to prepare for rapid labor disruption.
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