>AGORA (AGOP.WA) Polish media group in December said it planned to lay off up to 166 employees, or 6.56% of its workforce, as part of a restructuring to improve its digital business.>ALLIANZ (ALVG.DE) The German insurance group plans to cut up to 1,800 jobs in its travel insurance division as AI increasingly replaces manual processes, a source familiar with the plans told Reuters last November.>AMAZON (AMZN.O) The tech giant confirmed 16,000 corporate job cuts on Jan. 28, leaving open the possibility of further reductions as it pursues an AI‑ and efficiency‑driven overhaul.>AUTODESK (ADSK.O) The U.S. design‑software maker said on Jan. 22 it would shed about 7% of its global workforce, or roughly 1,000 jobs, as it redirects spending to its cloud platform and AI initiatives.>BRITISH AMERICAN TOBACCO (BATS.L) The cigarettes, tobacco and nicotine products seller announced on February 12 a new AI-driven productivity programme expected to lead to job cuts, without specifying how much of the workforce would be affected.>DOW (DOW.N) The U.S. chemical producer said on January 29 it will slash about 4,500 jobs, 13% of its total workforce, as it streamlines all its end-to-end work processes by using automation and AI.>HP INC (HPQ.N) The U.S. computer and printer manufacturer said last November it expects to cut 4,000 to 6,000 jobs globally by fiscal 2028 as it streamlines operations and adopts AI.>MERCADOLIBRE (MELI.O) The Brazilian e‑commerce company laid off 119 people in an AI‑expansion move, Folha de S. Paulo reported on Jan. 12.>META (META.O) The owner of Facebook and Instagram is cutting over 1,000 jobs at its Reality Labs unit in a pivot from the Metaverse to AI devices, Bloomberg reported on Jan. 13.>Meta is also cutting around 600 positions out of the several thousand roles in its Superintelligence Labs, the social media platforms owner said in October.
>>61926408>NIKE (NKE.N) The sportswear giant is laying off 775 employees, a source familiar with the matter told Reuters in January, as the firm looks to boost profits and accelerate its use of automation.>PINTEREST (PINS.N) The social‑media platform said in January it will cut up to 15% of its workforce to redirect resources toward AI‑focused roles and strategy.>SEB (SEBF.PA) The French small appliance and cookware maker said on February 25 it would launch a restructuring plan that also takes "full advantage" of the possibilities offered by AI that may impact up to 2,100 jobs worldwide by 2027.>TELSTRA (TLS.AX) Australia’s biggest telecoms firm plans to cut 650 jobs in an AI‑driven restructure with India’s Infosys (INFY.NS) The Australian reported on Feb. 11.>WISETECH (WTC.AX) The Australian software company said on Feb. 25 it will axe about 2,000 jobs, nearly one‑third of its global workforce, as it integrates AI into customer software and internal operations.
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Goldman Sachs economists have projected a rise in unemployment this year from 4.3% to 4.5%, noting upside risks from faster adoption and larger displacement.
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