WASHINGTON — More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war. The Labor Department reported Thursday that jobless claims were up to 215,000, up from 210,000 the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose by nearly 6,300 to … Read more
AI-related layoff announcements are mounting, fueling the sense that the technology is already replacing a significant number of U.S. workers as companies invest heavily in automation. But AI’s broader impact on workers may be quieter: weaker hiring, especially for junior and entry-level roles. Enterprise software maker Intuit this week cut 17% of its staff, or … Read more
Artificial intelligence is the leading reason companies cite for layoffs for the second straight month, accounting for more than one in four job cuts in April, according to a new report from outplacement firm Challenger, Gray & Christmas. The report found 21,490 AI-related cuts last month, or 26% of the 88,387 total, marking the second straight … Read more
Tech billionaires like Elon Musk are backing universal basic income as more companies lay off workers due to artificial intelligence, but some lawmakers are skeptical. Daniella Diaz, politics reporter for NOTUS, and Nicholas Wu, congressional reporter for Semafor, join “The Takeout” to discuss this and other top stories out of Capitol Hill. Source link
The Kennedy Center will move forward with layoffs “in the days and weeks ahead,” Executive Director Matt Floca said in an email to staff members Wednesday night. The internal announcement comes as the center plans to close for two years of renovations starting in July. “We will begin executing the difficult staffing decisions that support … Read more