Microsoft is cutting jobs in its mixed reality and Azure teams for operators and mission engineering, impacting employees including members of the HoloLens 2 team. Despite the layoffs, Microsoft plans to continue selling the HoloLens headset. The company remains committed to the Department of Defense’s IVAS program and the broader ecosystem of Mixed Reality hardware. … Read more
Microsoft has initiated layoffs in its Azure cloud division, impacting hundreds of employees in various teams such as Azure for Operators, Mission Engineering, and the mixed reality division. There have been reports of up to 1,500 job cuts in the Azure for Operators team, although this number has not been officially confirmed. The Mission Engineering … Read more
Saurabh Netravalkar led the United States cricket team to a historic victory over Pakistan in a thrilling T20 World Cup match. Netravalkar, a 32-year-old engineer by profession, played a crucial role in the win with his disciplined bowling. He defended 18 runs in the Super Over to secure the win for his team. Netravalkar’s journey … Read more
A recent study conducted by IBM revealed that 64% of CEOs are pushing for the adoption of GenAI at a faster pace than their employees can keep up with. The research, which surveyed 3,000 CEOs from over 30 countries and 26 industries, also found that 58% of CEOs are hiring for new GenAI roles that … Read more
CEOs of major American companies saw a substantial increase in their salaries last year, rising by almost 13%, while workers saw a more modest increase of 4.1%. This has resulted in a significant pay gap between executives and their employees, with CEOs earning an average of $16.3 million compared to the average private sector workers’ … Read more
Amazon has faced criticism for remaining silent on the kidnapping of one of its employees, Sasha Troufanov, in the Gaza Strip. Troufanov, who works for Amazon’s Annapurna Labs division developing artificial intelligence chips, was kidnapped on October 7. Despite internal emails from Amazon Israel addressing the issue, the company has not publicly commented or called … Read more
Averlon, a new Seattle-based startup founded by Sunil Gottumukkala and Vishal Agarwal, is utilizing artificial intelligence technology to assist with various tasks. The company’s founders are pictured in the image above. The startup aims to revolutionize processes through AI technology. Article Source https://www.geekwire.com/2024/salesforce-microsoft-vets-raise-8m-for-new-ai-cybersecurity-startup/
Police in Asheville, North Carolina, are warning residents about a sophisticated fraud scam where suspects pose as Microsoft employees to access victims’ personal information and steal money from them. The Asheville Police Department stated that the scam has already defrauded two residents in the area, resulting in losses of $50,000. The suspects send a fake … Read more
In a recent development, a federal judge in California has thrown out a class-action lawsuit brought by former employees against Cisco. The lawsuit alleged that Cisco had violated federal benefits laws by offering BlackRock funds as investment options in its $16.4 billion 401(k) plan. The judge ruled in favor of Cisco, stating that the former … Read more
A recent review of IBM’s retirement program has sparked discussions about the direction of employee benefits. The company’s transition to cash balance plans is a key focus, with implications for employees’ financial well-being in the long run. Cash balance plans have been gaining popularity in recent years as companies look for ways to modernize their … Read more