🔻 The wave of layoffs in major companies, long predicted due to AI, is now a reality — over the past few days, four giants announced mass cutbacks all at once:
🔻 The wave of layoffs in major companies, long predicted due to AI, is now a reality — over the past few days, four giants announced mass cutbacks all at once:
• American Express: 5% of staff, ~3,500 people;
• Barclays: 5,000 jobs, because "AI provides efficiency";
• eBay: ~9% of personnel;
• Netflix: 6% of employees, ~1,000 people (WSJ).
Microsoft wants to lay off 27% of employees as AI rolls out37
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🤖 Google introduced Gemini 4 Carbon, a new flagship AI model that reportedly outperformed GPT-6 Astra and Claude Fable 5.1.25
🛂 Password manager 1Password launched a tool that lets AI agents sign in to accounts without access to passwords.21