All posts tagged: layoff

What ClickUp’s mass layoff tells us about the future of work

What ClickUp’s mass layoff tells us about the future of work

Published by skeptic

AI’s biggest champions have argued for some time that the technology will usher in an era of unprecedented productivity gains, richly rewarding workers who harness it while displacing those who don’t. Zeb Evans, CEO of the collaboration software startup ClickUp, claims that this shift is imminent. Last Thursday, Evans announced on X that the company, which was last valued in 2021 at $4 billion, had laid off 22% of its workforce yet characterized that reduction as not a cost-cutting measure, but rather a radical embrace of AI that will propel the company to the next level. “Most savings from this change will flow directly back into the people who stay. We’ll be introducing million-dollar salary bands. If you create outsized impact using AI, you’ll be paid outside of traditional bands,” Evans wrote. ClickUp recently introduced roughly 3,000 internal AI agents to handle a wide range of complex tasks on behalf of its employees, according to a Fortune article published several days ago. Instead of performing the work themselves, staff members are now expected to direct …

Standard Chartered To Replace “Lower-Value Human Capital” With AI As Meta Layoff D-Day Nears

Standard Chartered To Replace “Lower-Value Human Capital” With AI As Meta Layoff D-Day Nears

Published by Jenni Sidey

The white-collar job-loss apocalypse, accelerated by AI, is increasingly concentrated in repetitive, data-intensive, and digitally native roles, with tech firms announcing layoffs one after another. While ‘D-Day’ for Meta layoffs is Wednesday morning, the London-headquartered international bank Standard Chartered announced on Tuesday plans to cut 15% of its corporate roles (or about 7800 jobs) by 2030 as part of a broader efficiency push amid the adoption of AI. STAN also raised its profitability targets, aiming for a 15% return on tangible equity by 2028 and roughly 18% by 2030. “Drive productivity improvements to raise income per employee by ~20 percent by 2028, aided by a reduction in corporate functions roles of >15 percent by 2030,” STAN wrote in a press release. STAN CEO Bill Winters stated in the release, “We are investing in the capabilities that will compound our competitive advantages and drive sustainable growth and higher quality returns over time, with clear targets in place.” To achieve this, Winters explained: “We are scaling practical uses of automation, advanced analytics and artificial intelligence to streamline …

Williamson returns for Arsenal after four-month injury layoff

Williamson returns for Arsenal after four-month injury layoff

Published by Sam Flores

Dec 9 : Arsenal defender Leah Williamson will make her return in Tuesday’s Women’s Champions League match against FC Twente, four months after a knee injury sidelined her, manager Renee Slegers said on Monday. Williamson, 28, who captained England to victory in the Euro 2025 final, has not played since July and was an unused substitute in Arsenal’s 2-1 win over Liverpool on Saturday. “She’s been training with the team and was in the squad against Liverpool just to get back into her routine and it was good to have her around,” Slegers told reporters. “She is doing well and did the full session again today. She is available for a couple of minutes tomorrow (Tuesday). She won’t start but she will be in the squad.” Arsenal have struggled in Williamson’s absence, sitting fourth in the Women’s Super League table, eight points behind leaders Manchester City. The last season’s Women’s Champions League winners sit 10th in the European competition standings, managing only two wins from four matches. Source link