Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: economics – Page 50

Senior corporate officers across the nation are wringing their hands. The 2023 economic climate is uncertain, but one thing is for sure—more layoffs are coming. In November 2022 alone, more than 80,000 layoffs were announced from tech giants like Meta, Amazon, and Twitter, as well as conventional companies like PepsiCo, Goldman Sachs, and Ford.

Downsizing is one of the most difficult things that leaders ever have to accomplish. How many should you let go? When should you do it? Who stays and who goes? What severance do you offer? How do you protect your diversity targets? How to maintain trust and productivity in those who get to stay?

Let too many go, too fast, and you could damage service and execution. Let too few go, too late, and you might lose money. Let the wrong people go and you may just create internal chaos. Getting this wrong can have enormous consequences on profitability, productivity, brand reputation, and stock price.

Read more | >

The biggest tech companies have announced mass layoffs blaming a slowing economy for the job cuts. Is the tech dream going to crash? Priyanka Sharma tells you more.
#techgiants #layoff #wion.

About Channel:

WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.

Check out our website: http://www.wionews.com.
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews.
Twitter: https://twitter.com/WIONews.

Follow us on Google News for latest updates.

Continue reading “Gravitas: Why are Tech Giants laying off thousands?” | >

Yet, it is a small percentage of its workforce.

Amazon.com Inc., one of the largest technology companies in the world with presence in ecommerce, advertising, video streaming and cloud computing, has announced that it will be laying off 18,000 workers as the company copes with the economic downturn in the future, The Wall Street Journal.

Smith Collection/Gado/Getty Images.

Technology companies in the U.S. began laying off people as early as June last year, when Tesla began reducing its staff strength as CEO Elon Musk had a “super bad feeling” about the economy. As the year drew to a close, software-focused companies also announced job cuts, with Meta leading the list with as many as 11,000 employees facing the axe.

Read more | >

This past year, global attention has been focused on geo-strategic issues, such as the devastating war in Ukraine, which has dislocated many and caused immense suffering. Attention has also been focused on the recovery from the COVID pandemic, which was the overriding concern over the past three years. And finally, the economic destruction wrought by rapidly ramped interest rates which have targeted all sectors of the economy, particularly technology. But despite all this negativity, the business of building the future continues. There has been progress across major axes of computing, from visualization to AI and new types of processors (quantum).

With immense progress in technology, what might we look forward to in 2023?

Read more | >

Amazon is laying off 18,000 employees, the tech giant said Wednesday, representing the single largest number of jobs cut at a technology company since the industry began aggressively downsizing last year.

In a blog post, Amazon CEO Andy Jassy wrote that the staff reductions were set off by the uncertain economy and the company’s rapid hiring over the last several years.

The cuts will primarily hit the company’s corporate workforce and will not affect hourly warehouse workers. In November, Amazon had reportedly been planning to lay off around 10,000 employees but on Wednesday, Jassy pegged the number of jobs to be shed by the company to be higher than that, as he put it, “just over 18,000.”

Read more | >

As lidar company Luminar pushed ahead to meet its goals for 2022 — milestones that included locking in new commercial contracts with unnamed automakers and shipping production-ready sensors to SAIC — it also snapped up a small HD mapping startup called Civil Maps.

The acquisition, which was disclosed Wednesday during Luminar founder and CEO Austin Russell’s presentation at CES 2023, is more than just a large publicly traded company taking advantage of a consolidating industry. Although the timing couldn’t have been better due to the current economic environment, according to Russell.

For Russell, the acquisition is part of Luminar’s longer term vision to be more than just a lidar supplier. Mapping, specifically the mapping tech that Civil Maps created, is foundational to that goal, Russell said.

Read more | >

What an AI taught me about our future – a mind blowing podcast.

In this groundbreaking podcast, James Brauer interviews “Futurist”, an AI that specializes in forecasting the future of mankind.

You won’t want to miss this eye-opening discussion about the potential for artificial intelligence to change everything we know about life as we know it.
gpt 3 AI interview.
*****************************************************
I help teachers and teacher entrepreneurs move to the LeadingEdge within the education creator economy using AI tools.

I have a huge passion for seeing teachers become reacquainted with their passion and love for teaching and learning.

My background in higher education, school administration, teaching, and business allow me to understand how these intersect at a level that most do not.

The future is now for educators who want to be on the cutting edge.

Continue reading “What An AI Taught Me About Our Future — A Mind Blowing Podcast” | >

The NEO Surveyor will be able to detect individual asteroid heat signatures.

NEO Surveyor is, as the name implies, a satellite specifically designed to survey objects near the Earth (NEO). One of its primary contributions will be to look for asteroids and other small bodies that are potentially on an eventual collision course with Earth but are invisible to typical NEO survey missions because of their location in the solar system.

Typically, their signals are just background noise against the overwhelming signal from the Sun. But NEO Surveyor will be able to detect individual asteroid heat signatures, allowing it to isolate potentially dangerous asteroids using this novel technique. With the increased focus on “planetary defense,” as it has come to be called, NASA has been interested in the mission, which was initially proposed in 2005, for some time.

But, as with all bureaucracies, NASA has budgetary difficulties, and NEO Surveyor was no exception. The agency initially canceled NEO Surveyor’s budget for the fiscal years 2022 and 2023, forcing project scientists and engineers to move on to other projects for their salaries. So when NASA again picked up the bill for the project, it ballooned to $1.2 billion, partly due to the increased inflation throughout the economy in the intervening years.

Read more | >

face_with_colon_three Year 2022

As New York prepares for the imminent launch of legal adult-use marijuana sales, the governor has signed a bill aimed at expanding the state’s hemp market by promoting collaborative partnerships to identify more opportunities to utilize the crop and its derivatives for packaging, construction and other purposes.

Bill sponsor Sen. Michelle Hinchey (D) announced on Tuesday that Gov. Kathy Hochul (D) approved her legislation late last month. It would amend a section of New York’s agriculture law that deals with hemp economic development, mandating that the agriculture commissioner consult with additional partners on ways to incorporate hemp products into business operations throughout the state.

Specifically, it calls for the commissioner to “consult and cooperate with” the New York State Hemp Workgroup and industry stakeholders “that currently use, or may potentially use, industrial hemp in their products, to develop and promote the use of hemp by businesses for purposes such as packaging, construction, and other uses,” according to a summary.

Read more | >

Check out all the on-demand sessions from the Intelligent Security Summit here.

The metaverse is becoming one of the hottest topics not only in technology but in the social and economic spheres. Tech giants and startups alike are already working on creating services for this new digital reality.

The metaverse is slowly evolving into a mainstream virtual world where you can work, learn, shop, be entertained and interact with others in ways never before possible. Gartner recently listed the metaverse as one of the top strategic technology trends for 2023, and predicts that by 2026, 25% of the population will spend at least one hour a day there for work, shopping, education, social activities and/or entertainment. That means organizations that use the metaverse effectively will be able to engage with both human and machine customers and create new revenue streams and markets.

Read more | >