Glassdoor and Indeed lay off 1,300 employees, say they must adapt as AI is changing the world
This development is part of a broader trend in the tech industry, with numerous companies resorting to layoffs in 2025 as they navigate AI-driven restructuring and economic pressures. Notably, other firms such as Automattic and TikTok have also announced significant job cuts. Companies are increasingly focusing on AI roles, even as they reduce headcounts in other areas. This shift underscores the growing importance of AI in shaping the future of work.The current wave of layoffs in the tech sector has surpassed 100,000 job cuts globally in 2025 alone. Major firms like IBM, Intel, and Microsoft continue to trim their workforces as they adapt to changing market conditions and prioritise AI integration. For instance, Microsoft recently announced 9,100 layoffs, affecting its Xbox and gaming divisions, amongst others. These layoffs highlight the ongoing challenges companies face in the rapidly evolving tech landscape.IBM has also been reducing its workforce, letting go around 8,000 employees, predominantly from its Human Resources department. This follows an internal transition towards automation, with AI systems increasingly taking over tasks previously managed by human employees. This shift highlights the growing impact of AI on job roles and the strategic realignments within tech companies. The integration of AI is reshaping job functions and redefining skills required in the tech industry.- Ends
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
The Japanese concept of Nemawashi teaches how to lay the groundwork for success at work
In the fast-paced world of corporate decision-making, rushing into new initiatives without preparation can lead to resistance, miscommunication, and failure. This is where the Japanese concept of Nemawashi comes in—a strategic approach to building consensus and laying the groundwork for success before making a big decision. The term Nemawashi (根回し) originates from gardening, where it refers to preparing a plant's roots before transplantation to ensure a smooth transition. In the workplace, Nemawashi means informally consulting stakeholders, gathering feedback, and securing buy-in before officially proposing an idea. Unlike abrupt decision-making processes, Nemawashi promotes gradual, thoughtful discussions that help organizations avoid friction, encourage collaboration, and increase the likelihood of successful execution. Reduces Resistance to ChangeEmployees often resist change when they feel blindsided. Nemawashi ensures that people are involved early, making them more open to new ideas. Fosters Collaboration and ConsensusBy engaging key decision-makers and team members beforehand, Nemawashi helps build a collective agreement, reducing conflicts down the line. Minimizes Risk of FailureBecause ideas are refined through feedback before implementation, Nemawashi reduces the chances of unforeseen obstacles derailing projects. Encourages a Thoughtful ApproachRather than rushing into a decision, Nemawashi ensures careful consideration of all aspects, leading to well-informed strategies. By adopting Nemawashi, professionals can increase their chances of success, build stronger workplace relationships, and navigate corporate decision-making with greater ease and efficiency.
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
JSW Steel, JFE to invest ₹5,845 crore in expanding electrical steel output
JSW Steel, in collaboration with its Japanese partner JFE Steel Corporation, announced on Wednesday the expansion of manufacturing capacity for grain-oriented electrical steel (GOES) at a cost of Rs 5,845 crore. The investment will be made through joint ventures JSW JFE Electrical Steel Private Limited at Vijayanagar, Karnataka (J2ES), and JSW JFE Electrical Steel Nashik Private Limited, Maharashtra (J2ESN). JSW Steel said that this capital investment, along with previously announced investments at the Vijayanagar facility and the acquisition of the Nashik facility, would bring the overall investments to Rs 15,560 crore. In a statement, Jayant Acharya, Joint Managing Director & CEO of JSW Steel, said, "India's green energy transformation, decarbonization, and digital infrastructure development are triggering large demand for high-grade electrical steel. Our GOES investment is a critical step in enabling import substitution, supporting India's energy transition goals, and delivering high-efficiency electrical steel solutions to the domestic and global markets.' GOES is an important material in the production of energy-efficient transformers and large, high-performance generators. Acharya added, "This investment with our long-standing partner JFE Steel reaffirms our commitment to building strategic and future-ready steel capabilities that serve both national and global priorities.' J2ESN, formerly thyssenkrupp Electrical Steel India Private Limited, is one of the first manufacturers of Cold Rolled Grain-Oriented Electrical Steel (CRGO) in India with a capacity of 50,000 tons per annum (TPA) at Nashik, Maharashtra. Earlier this year, in a Rs 4,051 crore acquisition, JSW Steel and JFE completed the acquisition of thyssenkrupp Electrical Steel India Private Limited. On Wednesday, JSW Steel announced that, considering the increasing domestic demand for CRGO, the board of directors approved the expansion of the CRGO facility from 50,000 TPA to 250,000 TPA. The expansion is estimated to cost Rs 4,300 crore. J2ES, a 50:50 joint venture between JSW Steel Limited and JFE Steel Corporation, had planned to set up a 62,000-tonne CRGO manufacturing facility at Vijayanagar in Karnataka, with a planned investment of Rs 5,557 crore. This is being enhanced to 100,000 tonnes per annum with an additional investment of Rs 1,545 crore. The additional capital expenditure for capacity expansion at the Nashik and Vijayanagar facilities is estimated at Rs 5,845 crore. The equity funding for the project is expected to be Rs 1,966 crore, which will be funded equally by JSW Steel and JFE Steel Corporation. Upon completion of the capacity additions, the overall CRGO capacity will increase to 350,000 tonnes per annum. The project is expected to be commissioned in phases from FY2028. JSW Steel said that this expansion reinforces its commitment to building self-reliance in India's specialty steel sector and supporting national programs such as 'Make in India' and 'Atmanirbhar Bharat,' while also addressing the rapidly growing domestic demand for high-efficiency electrical steel, especially in renewable energy, energy transition for decarbonization, e-mobility, AI data centres, and more.
&w=3840&q=100)
Business Standard
5 hours ago
- Business Standard
Escorts Kubota Q1 results: Net profit increases 19% as margins improve
The company, majority-owned by Japanese tractor maker Kubota, logged profit before exceptional items and taxes of ₹418 crore ($47.70 million) in the April-June period, compared with ₹350 cr last year Reuters India's Escorts Kubota posted a 19 per cent rise in first-quarter profit on Monday on improvement in its margins as higher tractor realisations and lower expenses outweighed weak demand for its construction equipment. The company, majority-owned by Japanese tractor maker Kubota, logged profit before exceptional items and taxes of ₹418 crore ($47.70 million) in the April-June period, compared with ₹350 crore last year. Shares of the company jumped 3.9 per cent after the results. Lower discounts helped lift the company's per-unit revenue, or realisations, according to a pre-earnings note by Ambit Capital, pushing revenue in the tractor segment 0.5 per cent higher to ₹2,181 crore. Meanwhile, expenses dropped 3.8 per cent on the back of an inventory gain during the quarter, compared to a charge the previous year. As a result, its earnings before interest, taxes, depreciation and amortisation margin grew to 13.1 per cent in the first quarter from 12.4 per cent in the year-ago period. Still, overall revenue fell 2.2 per cent as sales of construction equipment slid about 24 per cent. Escorts Kubota's tractor sales have underperformed the industry over several quarters, growing 0.7 per cent in the April-June period, compared to an industry-wide rise of 8.7 per cent. Two analysts attributed this to the company's weak presence in high-growth markets like south India.
