Workforce

Telecom Layoffs to Persist in 2024 as Cisco, Telefonica, Telstra, Vodafone, and Other Companies Reduce Workforce – ET Telecom

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Telecom Layoffs to Persist in 2024 as Cisco, Telefonica, Telstra, Vodafone, and Other Companies Reduce Workforce – ET Telecom

The global telecom industry faced significant job cuts in the first half of 2024 as companies sought to control costs and streamline operations. Factors such as inflation, the impact of AI, and uncertainty from suppliers like Ericsson and Nokia contributed to this trend. Reports from media outlets and company statements revealed that over 15,000 jobs … Read more

Intel’s subsidiary Moovit to reduce workforce by 10% | CTech

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Intel’s subsidiary Moovit to reduce workforce by 10% | CTech

Moovit, a travel planning app acquired by Intel for $1 billion four years ago, is cutting around 10% of its workforce, resulting in 20-25 employees leaving the company. This move comes after the CEO transitioned for the first time in 13 years, with co-founder Nir Erez stepping down and being replaced by Nir Bezalel, who … Read more

Amazon Q Business, a newly released tool, utilizes generative AI to enhance productivity in the workforce | Amazon Web Services

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Amazon Q Business, a newly released tool, utilizes generative AI to enhance productivity in the workforce | Amazon Web Services

At AWS re:Invent 2023, a preview of Amazon Q Business was announced, an AI-driven generative assistant that can answer questions, provide summaries, generate content, and complete tasks securely based on data and information in your business systems. Amazon Q Business allows for the implementation of a private and secure generative AI assistant, enabling users in … Read more

CEOs in the Banking and Financial Markets Turning to Generative AI for Competitive Edge despite Ongoing Workforce and Culture Challenges

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CEOs in the Banking and Financial Markets Turning to Generative AI for Competitive Edge despite Ongoing Workforce and Culture Challenges

A recent survey conducted by IBM’s Institute for Business Value revealed that the majority of banking and financial markets CEOs are recognizing the potential benefits of artificial intelligence and automation. Two-thirds of the CEOs surveyed expressed that the productivity gains from AI and automation are so significant that they are willing to accept the risks … Read more

Creating The AI Opportunity Fund to Develop an AI-Ready Workforce in the Asia-Pacific Region

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Creating The AI Opportunity Fund to Develop an AI-Ready Workforce in the Asia-Pacific Region

Over the past 25 years since its founding, technology has brought significant changes, particularly in the Asia-Pacific region where it is home to the majority of the world’s internet users. The rise of smartphones and the mobile economy has had a profound impact in this region. The next big change on the horizon is AI, … Read more

Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes – Dell Technologies (NYSE:DELL)

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Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes – Dell Technologies (NYSE:DELL)

Dell Technologies Inc DELL has implemented workforce reductions as part of its comprehensive cost-cutting strategy, which also encompasses constraints on external hiring and internal employee reorganizations.  As of February 2, 2024, Dell’s workforce has decreased to nearly 120,000 employees from about 126,000 the previous year, reflecting these changes.  This decision follows a declining demand for personal computers, which has … Read more

Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes

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Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes

Dell Technologies Inc DELL has implemented workforce reductions as part of its comprehensive cost-cutting strategy, which also encompasses constraints on external hiring and internal employee reorganizations.  As of February 2, 2024, Dell’s workforce has decreased to nearly 120,000 employees from about 126,000 the previous year, reflecting these changes.  This decision follows a declining demand for personal computers, which has lasted … Read more

Should VMware customers be considering Plan B?

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Should VMware customers be considering Plan B?

While VMware’s $61bn acquisition by Broadcom is now, finally, complete, it has left partners, customers and employees of the virtualisation software pioneer unsure about what the future holds. What we’re hearing from many customers and prospects, especially among enterprises heavily invested in complex VMware environments, is that they are anxious about where they stand, given … Read more

Broadcom to Lay off 1,300 VMware Employees Following Takeover

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Broadcom to Lay off 1,300 VMware Employees Following Takeover

(Reuters) – Chipmaker Broadcom will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, Bloomberg News reported on Thursday. Broadcom did not immediately respond to a Reuters request for comment. The chipmaker will also review strategic options for two business units of VMware, Insider had reported on Wednesday, citing … Read more

Empowering Collaboration: Internetworking and the Evolution of Workforce Connectivity.

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Empowering Collaboration: Internetworking and the Evolution of Workforce Connectivity Collaboration has always been a vital component of successful business operations. As a result, the evolution of workforce connectivity has played an increasingly essential role in advancing collaboration efforts, both within an organization and between different companies. Internetworking, the process of connecting multiple networks, has been … Read more