Tech industry
fromYahoo News
3 days agoWhat Silicon Valley layoffs hide about the future of the job market
Tech giants are cutting jobs while investing heavily in AI, raising questions about efficiency and future workforce needs.
The majority of the proposed cuts are expected to fall within the retailer's technology and data division, with Sainsbury's indicating that roles may be selected based on efficiency needs, strategic priorities, and fairness criteria. However, specific criteria and processes have not yet been disclosed, and the company plans to provide further details during consultations.
During my tenure, difficult decisions have been taken in order to ensure the sustainable future of The Post so it can for many years ahead publish high-quality nonpartisan news to millions of customers each day,
The monthly purchasing managers' index showed employment numbers fell more sharply in January compared with December, continuing a trend that started in October 2024. The PMI survey, which is considered to be one of the most reliable indicators of how a sector is performing, said this was the longest period of job shedding in the UK services sector in 16 years, with firms also choosing not to replace voluntary leavers.