#layoffs
India's first GenAI unicorn shifts to cloud services as AI model ambitions face reality | TechCrunch
Krutrim's pivot to cloud after layoffs and limited product updates reflects the economic challenges of building AI models in India.
Cognizant Layoffs: Cognizant may slash 12,000-15,000 jobs globally; bulk of cuts in India
Cognizant has said it expects to incur $230 million and $320 million in costs under its newly announced Project Leap, with $200 million to $270 million set aside for severance and other personnel expenses
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.