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US companies announced a huge number of job cuts in October. Data shows this was the most layoffs for any October in over two decades. The main reason is the Artificial Intelligence (AI) revolution. Businesses are aggressively trying to cut costs. They want to automate tasks and increase efficiency. This push is fundamentally reshaping the…
Major companies around the world are significantly slashing jobs, driven by two powerful economic forces: weak business confidence and a massive strategic push into Artificial Intelligence (AI) technology. The Dual Pressures The current wave of layoffs reflects a pessimistic outlook among corporate executives. Weak sentiment is fueled by ongoing global uncertainty, high interest rates, and…
General Motors (GM), one of America’s largest automakers, is announcing a new round of layoffs and job cuts. This is a significant move as the company works to restructure its business. Why GM is Cutting Jobs The job cuts are most likely part of a push to become more efficient and agile. This major shift…
