LinkedIn Cuts More Than 660 Jobs: The Reality of a Changing Workforce

LinkedIn, the employment-focused social media site, announced on Monday that it will be laying off over 660 workers across its engineering, product, talent, and finance teams. In a news release, the company stated that these talent changes are necessary and regular for managing their business. This second round of major layoffs follows LinkedIn’s announcement in …

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LinkedIn slashes over 600 jobs amidst hiring service deceleration

Microsoft’s LinkedIn announced on Monday that it will be laying off 668 employees in its engineering, talent, and finance teams. This comes as the second round of job cuts for the professional social media network, as the demand for hiring services slows down. With this round of layoffs, more than 3% of LinkedIn’s 20,000-strong staff …

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Breaking: Qualcomm to Slash 1,258 Jobs in California – A Deep Dive into the Layoff Situation

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Qualcomm is reducing its workforce in California, cutting approximately 1,258 jobs across its two offices, as stated in recent filings with the California Employment Development …

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Malcolm Gladwell’s Pushkin Industries Implements Strategic Workforce Restructuring, Resulting in 30% Staff Reduction

Malcolm Gladwell’s podcasting studio, Pushkin Industries, has announced layoffs of nearly a third of its staff. This comes a year after the bestselling author received backlash on social media for urging Americans to return to the office. Bloomberg News reports that 17 out of Pushkin’s 54 employees have been let go, with members of the …

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Is AI making college students’ skills ‘obsolete’?

The Future of College Education and AI’s Impact In a thought-provoking column for Fortune, Chris Hyams, CEO of Indeed.com, highlighted the potential obsolescence of skills taught in college due to advancements in artificial intelligence (AI). Hyams raised concerns about the rapid pace at which technological innovation is reshaping industries compared to the gradual evolution of …

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Expert Tycoon Claims Over 270K Australians Must Face Job Loss: Find Out Why

Australia’s wealthy real-estate tycoon, Tim Gurner, has issued an apology after his controversial remarks about job losses surfaced. During a property summit hosted by the Australian Financial Review, Gurner, CEO of Gurner Group, stated that workers have become “arrogant” since the onset of the COVID-19 pandemic and that this attitude is hampering productivity. He …

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Expert suggests that the recession indicator could be akin to a malfunctioning odometer for the economy

Westend61 | Westend61 | Getty Images Financial experts have long been warning of an impending economic downturn in the United States. The only question was when it would happen. However, some firms and experts are now retracting their predictions, casting doubts on the reliability of a once-trusted indicator of recession known as the yield curve …

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Demand for Peloton bikes fizzles, while sales of treadmills skyrocket

The hype surrounding exercise bikes like Peloton, which gained popularity during the pandemic, seems to have diminished. Instead, treadmills are making a comeback in many households, with streaming services like Netflix and Prime Video replacing the enthusiastic trainers. Lou Lentine, CEO of Echelon Fit, a renowned exercise equipment company, predicts a significant 40% increase in …

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