Klarna, the Swedish fintech giant, has made headlines with their CEO Sebastian Siemiatkowski announcing a drastic plan to reduce their workforce by 50% and replace it with artificial intelligence (AI). The move has sparked controversy and concerns among employees and the broader tech community. Siemiatkowski revealed the plan in a recent interview, stating that Klarna… Continue reading Klarna CEO reveals plan to reduce workforce by 50% and replace it with AI
Category: workforce
Tesla more than tripled its Austin gigafactory workforce in 2022
According to Tesla, their Austin Gigafactory has experienced a rapid increase in its workforce, tripling its total number of staff over the course of 2022. As of January 2022, 1,900 people were employed by the Gigafactory, and this number is expected to continue growing throughout the remainder of the year. The Gigafactory, located in Austin,… Continue reading Tesla more than tripled its Austin gigafactory workforce in 2022
Daily Crunch: In SEC filing, Accenture reveals plans to dismiss 19,000 workers over the next 18 months
Accenture, a global professional services company, filed with the U.S. Securities and Exchange Commission (SEC) to disclose plans to downsize its workforce by nearly 20,000 people over the next 18 months. This was revealed in a recent SEC filing, which was released on February 14th and comes at a time when the company is simultaneously… Continue reading Daily Crunch: In SEC filing, Accenture reveals plans to dismiss 19,000 workers over the next 18 months
Twitch says it will lay off 400 employees
Twitch, the live streaming platform owned by Amazon, has recently announced that 400 of its employees will be laid off. This news follows the company’s success back in March, when Twitch broke the world record for most concurrent users on an individual streaming channel. The layoffs come after Twitch reported a “significant increase” in advertising… Continue reading Twitch says it will lay off 400 employees
Okta says source code for Workforce Identity Cloud service was copied
Okta, a leading identity and access management provider, recently announced that it believes that its source code for its Okta Workforce Identity Cloud service was copied and used in another services’ applications. This is a concerning development for the security of digital identities and commerce. What is Workforce Identity Cloud? Okta’s Workforce Identity Cloud is… Continue reading Okta says source code for Workforce Identity Cloud service was copied