CNBC: Gates Foundation reviewing Jeffrey Epstein ties, will slash 20% of staff, WSJ reports. “The Gates Foundation has launched an external review of the philanthropy’s past ties with notorious sex offender Jeffrey Epstein, The Wall Street Journal reported Tuesday. To cut costs, the Gates Foundation will eliminate up to 500 jobs, or about 20% of its staff, by 2030, the Journal reported, […]

I watched the Canva keynote. Melanie Perkins addressed the negativity around AI saying that it really comes down to how we use AI. The thing is that has been the whole problem. Organisations like Canva have cut jobs, regularly referred to "organisation restructuring" in the response to AI.

Snapchat is cutting 16% of its workers as it increases usage of AI.

The tech sector keeps pushing AI like it is helping us, but it is putting you out of a job.

#canva #ai #jobcuts #snapchat

CNBC: Snap’s stock jumps on plans to axe 16% of its workforce citing AI efficiencies. “Snap’s shares jumped about 7% on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies. CEO Evan Spiegel said in a letter to staff that the reduction would affect around 1,000 members of staff and that at least 300 open positions would be […]