SAP is restructuring 8,000 jobs to focus on AI 🙏🏼

cold recession?

Will they happen in India as well? What teams can be impacted?

All of our fears about AI was correct! They will take our jobs, they will overtake the world & will finally turn against us. https://www.peoplematters.in/news/talent-management/ibm-asks-employees-to-volunteer-for-layoffs-targets-80-cuts-in-key-departments-including-hr-40430 IBM asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR

Is it true that Microsoft is laying off 10000 employees today?

- Klarna's CEO, Sebastian Siemiatkowski, aims to reduce the workforce to 2,000 employees using AI. - The company has already cut its headcount from 5,000 to 3,800 and plans further reductions. - Klarna's AI chatbot, developed with OpenAI, is replacing hundreds of customer service agents. - Revenue per employee has increased significantly, but AI's contribution may be overstated. - Klarna is not planning layoffs but will not backfill roles as employees leave. Source: [Fortune](https://fortune.com/europe/2024/08/28/klarna-1800-employees-ai-replace-ipo/)

- Dell Technologies Inc. is cutting jobs as part of a reorganization of its sales teams, introducing a new group focused on AI products and services. - Sales executives Bill Scannell and John Byrne announced the streamlining of management layers and reprioritization of investments in a memo to employees. - The company will also change its approach to data center sales, aiming to capitalize on the growing interest in AI workloads. - Despite a 34% increase in shares this year, Dell has faced challenges, including a major workforce reduction in early 2023 and a decline in its personal computer business. - Dell remains optimistic about the future, with plans to grow faster than the market by leveraging AI-optimized PCs and modern IT solutions. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-08-05/dell-layoffs-hit-sales-team-with-new-unit-focused-on-ai)

this government wants to control everything: why are they so insecure ?

There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld