All posts tagged: Workforce

Tesla is reportedly laying off ‘more than 10 percent’ of its workforce

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“There is nothing I hate more, but it must be done,” said Elon Musk, in the email published by Electrek. “This will enable us to be lean, innovative and hungry for the next growth phase cycle.” Tesla has also reportedly abandoned its plans to produce an affordable Model 2 that would cost around $25,000 as it shifts to instead focus on a new robotaxi. This comes as the company faces mounting pressure from the one-two punch of waning demand and more affordable EVs made by Chinese manufacturers. Last year, Tesla lost the title of world’s top maker of electric vehicles to China’s BYD which produced 3.02 million EVs, compared to Tesla’s 1.81 million. Source link

AI Job Cuts Coming? Survey Shows Companies Plan To Shrink Workforce

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The survey is one of the largest into the AI topic. A new survey by staffing firm Adecco Group suggests a wave of automation is coming, with 41% of executives at large companies worldwide expecting to reduce their workforce due to artificial intelligence (AI) within the next five years. This news comes amidst the growing adoption of generative AI, a technology capable of creating realistic text, images, and videos. While some see it as a tool to eliminate repetitive tasks, others fear it will render entire jobs obsolete. “Almost all jobs are going to be impacted by AI one way or another,” Adecco CEO Denis Machuel told Reuters. “AI can be a job killer, and it can also be a job creator. “Ten years ago, there was this big fear that many jobs were going to be destroyed by digital, when actually lots of jobs had been created by the digital world,” he said. “Between jobs created by AI and jobs destroyed, we believe this is going to be balanced.” The survey included executives from …

Dell Says It Laid Off Workforce As Part Of Broader Cost Cuts

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As of Feb. 2, 2024, it had nearly 120,000 employees, it added. Dell Technologies said on Monday it cut its workforce as part of a broader initiative to reduce costs. The company took measures to reduce costs, including limiting external hiring and employee reorganizations, Dell said in a filing. As of Feb. 2, 2024, it had nearly 120,000 employees, it added. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Source link

RSM Australia Is Using Automation and AI to Unlock Efficiencies Across a Multigenerational Workforce

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Australian audit, tax and consulting firm RSM Australia is now over 100 years old. However, the firm is keeping its sights well and truly on the future with a move to implement automation and AI technologies in recent years to improve the experience of its employees and its customers. RSM Australia’s Chief Digital Officer Paul Joseph tells TechRepublic how the firm’s implementation of UiPath has resulted in significant efficiency gains and cost savings. It is also engaging a multigenerational workforce in more fulfilling and less mundane work. What problem is RSM Australia solving with automation? RSM Australia’s pursuit of automation began with a desire to create better experiences for over 1,800 employees. The firm wanted to give time back through smarter and more efficient work so employees could spend time doing more fulfilling tasks and gain a better work-life balance. Employee town halls and Gartner workshops were conducted to shape the technology strategy. “We adopted a whole-of-firm approach to that innovation,” Joseph said. “Every member of the team, from interns right through to the executives, …

Women’s Day – When Will the Promised Best Arrive?

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When I began writing this essay, I had been reading Rona Jaffe’s The Best of Everything. The date of its publication, on International Women’s Day, was an added irony. When Jaffe’s book came out 66 years ago, about a decade after Simone de Beauvoir’s The Second Sex, the relationship between women and work was rarely discussed, if at all. It mattered to either the intellectually curious few who engaged in philosophical inquiry on the subject, or the conscious working woman herself who was cognisant of her role in the second wave of feminism and what she aimed to achieve from it. The women in Jaffe’s novels belonged to none of these categories. Like most ordinary women, they saw work, at least initially, as a chapter, not a whole new world they were unknowingly participating in. For most of them, working life was either a financial necessity or just an interlude before the ‘more important’ milestones: marriage, children, comfortable domesticity. One would think much would have changed in over half a century since then. That the idea of the …

Western Australia and Telangana set to collaborate on healthcare workforce skilling

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Chief Minister A. Revanth Reddy along with Minister D. Sridhar Babu, Amber-Jade Sanderson, Western Australia’s Minister for Health and Mental Health, and others delegates release the brochure during the inaugural ceremony of BioAsia 2024. | Photo Credit: NAGARA GOPAL Amber-Jade Sanderson, Western Australia’s Minister for Health and Mental Health. Western Australia is planning to sign a letter of intent with the Telangana government, which will help in skilling of healthcare workers, said Minister for Health from Western Australia, Amber Jade Sanderson while speaking at the BioAsia 2024 summit in Hyderabad on Tuesday. Addressing the critical need for healthcare professionals, the Western Australia government has prioritised attracting skilled workers, anticipating a requirement for an additional 5,000 Full Time Equivalent (FTE) doctors and nurses by 2033. Minister Sanderson, during her visit to Hyderabad, promoted employment opportunities in Western Australia’s healthcare sector, emphasising roles such as nurses, doctors, and care workers for seniors. “The mission to Hyderabad has successfully forged valuable connections and laid the foundation for transformative collaborations between Western Australia and India,”’ said Minister Sanderson expressed pride …

Tamil Nadu Budget announces payroll subsidies to boost women workforce, Global Capability Centres

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Tamil Nadu Budget 2024-25 announced payroll subsidy for additional women employment and also for the creation of high paying jobs in new Global Capability Centres (GCCs). Government will introduce a special scheme to incentivise additional women employment in the State. This scheme will offer a payroll subsidy of 10% of the salary of women, differently abled and transgender employees for two years to all new industrial units providing direct employment to over 500 such individuals from Tamil Nadu, Finance Minister Thangam Thennarasu said in his budget speech. In addition, creches for infant children will be established in all major SIPCOT industrial estates under public-private partnership to support working women. A new tailor-made skill training programme will be introduced to facilitate women willing to re-enter the job market after taking a sabbatical for reasons such as marriage and pregnancy, he said. In order to make Tamil Nadu as the prime destination for GCCs in India, the State will incentivise the creation of high paying jobs in new GCCs by providing a payroll subsidy of 30% in …

Rahul to Modi: Release funds for MGNREGS workforce in Bengal | Latest News India

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Congress leader Rahul Gandhi has written to Prime Minister Narendra Modi over the “devastating plight” of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) scheme in West Bengal and urged him to facilitate the release of central funds to the state for clearing their pending wages. Congress leader Rahul Gandhi. (ANI) In his letter to Modi on February 10, Gandhi said that during his recent visit to West Bengal, as part of the party’s ongoing Bharat Jodo Nyaya Yatra, a delegation of MGNREGS workers from the Paschim Banga Khet Mazdoor Samity apprised him of the issues faced by them. Discover the thrill of cricket like never before, exclusively on HT. Explore now! The letter came days after chief minister Mamata Banerjee, who has even held a two-day protest over the delay in release of central funds under various schemes, on February 3 said her government would pay the dues of 2.1 million MGNREGS workers, who have not received wages under the 100-days of work programme, by February 21. Read more: Rahul Gandhi’s …

Amazon lays off 5% workforce at Buy with Prime unit

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Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. According to website analytics firm Alexa, Amazon’s India website was now ranked the 6th most visited website locally and the 83rd most visited site globally. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network. Wrap up the year gone by & gear up for 2024 with HT! Click here Amazon said that the unit remains a top priority and would “continue investing significant resources in Buy with Prime.” It did not specify how many employees are part of this unit. The cut has affected a little over 30 employees at the unit, a source inside Amazon told Reuters. Amazon, however, said it is supporting the laid-off staff to find roles inside and outside the company. The e-commerce giant laid off several hundred employees in its streaming and studio operations last week. Many jobs were also cut in its Twitch live-streaming platform and Audible audiobook …

`India`s path to developed nation status hinges on strengthening workforce, R&D`

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India`s aspiration to achieve developed nation status by 2047 hinges on a substantial boost in its skilled workforce and increased investment in research and development (R&D), particularly in science and technology, according to Abhay Karandikar, Secretary of the Department of Science and Technology. Addressing the shortage of trained manpower in the R&D sector is a critical challenge, requiring significant enhancement, Karandikar emphasized. “The size and scale of our country necessitate a large number of quality R&D professionals to propel the science and technology landscape,” he stated during an interview at the PANIIT 2024 meeting near Washington DC. Highlighting another crucial aspect for achieving developed nation status, Karandikar stressed the need for a considerable increase in R&D investment as a percentage of India`s GDP, which has lagged behind the global average. India has initiated the establishment of the Annusandhan National Research Foundation, a transformative step involving a substantial increase in government resources. However, to match or exceed the global average in R&D spending as a percentage of GDP, private sector contributions are vital, Karandikar explained. He …