Job losses

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Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructure

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Chief executive Melanie Perkins describes job cuts as ‘without doubt the hardest moment in our thirteen-year history’ in email to staffGet our breaking news email, free app or daily news podcastCanva is cutting or relocating more than 1,200 jobs, representing 22% of its global workforce, as part of a major restructure that includes laying off

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Microsoft to reportedly offer buyouts to 60,000 employees in latest cuts

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Tech company offers buyouts in an effort to reduce costs amid the rising use of AI, according to reportsMicrosoft announced that it would offer buyouts to 60,000 employees in an effort to reduce costs amid the rising use of artificial intelligence, according to reports, the latest example of how AI is reshaping tech companies and

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Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances

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Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profitsBusiness live – latest updatesBarclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI.The job cuts will mean losing about 5% of the

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I’m a CTO. AI still needs your human expertise | Madhu Shashanka

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AI is increasingly getting good at doing some tasks, but it can never replace human workers’ judgmentAutonomous cars, which may be the safest we have built, keep getting easily avoidable parking tickets. While Waymos crash far less often than human drivers over tens of millions of miles, they’re still terrible at performing basic tasks –

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Mirror publisher to cut 220 editorial jobs as readers turn to AI summaries

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Reach, which also owns Express, makes decision because of ‘mammoth shift’ in how audiences seek out contentThe publisher of the Mirror and Express newspapers is to cut a further 220 editorial jobs as it adapts to a dramatic fall in online traffic while readers increasingly turn to summaries generated by artificial intelligence.Reach, which also owns

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No, Centrica, customers don’t prefer bots to humans | Letter

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Charles MacKinnon disagrees with the British Gas owner’s justification for cutting 1,300 jobsAccording to Centrica’s boss, Chris O’Shea, most people using British Gas prefer to talk to a chatbot rather than a person (Customers prefer AI chatbots, says British Gas owner as 1,300 call centre and back office jobs axed, 23 July).He says that 90%

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AI job worries grow. But some human skills can’t be replaced by machines | Gaynor Parkin and Dave Winsborough

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The fear of becoming obsolete is a rising source of anxiety as artificial intelligence emerges in the workplace. Staying strongly connected with others will helpThe modern mind is a column where experts discuss mental health issues they are seeing in their workEarlier this year Paul* discovered via a flurry of media stories that his business

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Safe from AI: which jobs will help you thrive in the future?

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Experts say there will still be opportunities ahead in everything from teaching to hotels and the lawEntering the world of work often brings some uncertainty, but now there is another question: how can I AI-proof my career?We asked people from across various industries what they think the impact of AI will be on careers, and

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Women and university graduates in Australia most at risk of losing jobs to AI, report finds

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Those with high levels of vocational training, including tradespeople, are least exposed to AI displacement, according to government reviewGet our breaking news email, free app or daily news podcastArtificial intelligence has yet to cause widespread job losses but the federal government has warned that telemarketers, advertising staff and accountants are among the occupations “most exposed”

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Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts

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Bill Winters faced backlash over remarks about some of near 80,000 staff set to lose roles to AIThe chief executive of Standard Chartered has apologised for referring to some of the almost 8,000 staff that are set to lose their jobs to artificial intelligence as “lower-value human capital”.Bill Winters offered the apology after a backlash

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