Hyperliquid HYPEUSD is up 16.63% to $45.57 as Coinbase becomes an official USDC deployer, driving a significant volume increase in the last 24 hours.
https://dmarketforces.com/hype-gains-17-as-coinbase-becomes-usdc-treasury-deployer/
The Guardian | ‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge by Danielle Abril
AI generated summary, Read the full article for complete information.
Tech firms are rapidly using AI to cut middle‑manager layers, promising “efficiency” by shifting work from supervisors to reports and relying on AI agents for tasks like drafting documents, code generation, and asynchronous updates. Companies such as Coinbase, Meta, Block, Amazon and others have combined massive AI investments with large layoffs, often reducing the number of managers and expanding their responsibilities, which experts warn can erode mentorship, increase workload stress, create new bottlenecks, and risk poor decision‑making, data leaks, and reduced product quality. Studies show middle‑manager openings in the U.S. fell 42 % since 2022, and analysts predict that while AI‑driven structures may speed decisions, they also diminish human interaction, limit career‑advancement opportunities, and could ultimately require a re‑introduction of human oversight to maintain organizational health.
Read more: https://www.theguardian.com/technology/2026/may/15/ai-manager-purge-tech
#Coinbase #aiartificialintelligence #management #technology #usworkcareers #AnastassiaFedyk #JackDorsey #EmilyRoseMcRae #RaffaellaSadun #MatthewBidwell
Business | LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers by Queenie Wong
AI generated summary, Read the full article for complete information.
Job cuts are sweeping the tech sector as companies double down on artificial‑intelligence investments. Cisco announced it will lay off fewer than 4,000 employees—under 5% of its workforce—despite reporting $15.8 billion in revenue and a $3.4 billion net profit for the quarter, with CEO Chuck Robbins saying the company must refocus spending on high‑value AI opportunities. At the same time, LinkedIn is trimming about 5% of its staff (roughly 875 jobs) across global business, marketing and engineering units, while Amazon has eliminated a small number of roles in its Selling Partner Services team after a broader plan that already cut 16,000 jobs earlier in the year. The layoffs echo similar reductions at Meta, Block, Oracle, Cloudflare and Coinbase, as firms argue that AI can boost productivity and help offset the massive costs of building AI infrastructure, prompting a wave of restructuring and cost‑saving measures across the industry.
#Cisco #Amazon #LinkedIn #Meta #Oracle #Cloudflare #Coinbase #ChuckRobbins #DanielShapero #Microsoft #
💰 #Coinbase se convierte en 'treasure broker' oficial de $USDC en #Hyperliquid
Irish Independent : Independent | LinkedIn planning to cut 5pc of staff as tech industry layoffs continue
AI generated summary, Read the full article for complete information.
LinkedIn, the Microsoft‑owned professional networking site that employs over 2,000 people in Ireland, is preparing to cut roughly 5 % of its Irish staff as part of a re‑organisation aimed at focusing resources on faster‑growing business areas, according to Reuters. The layoffs are not linked to AI‑driven job displacement, and come despite a 12 % revenue increase in the latest quarter. The move follows a wave of tech‑sector cutbacks across companies such as Coinbase, Meta, Amazon and PayPal, and follows LinkedIn’s recent opening of a new EMEA headquarters in Dublin and Microsoft’s broader voluntary redundancy programmes in its Irish operations.
#LinkedIn #Microsoft #Coinbase #Meta #Amazon #Oracle #Covalent #PayPal #ActivisionBlizzard #
RansomLook
WhisprNews
MarketForces Africa
The Bad Place
