Swedish music-streaming giant Spotify has announced it is cutting 17% of its workforce, about 1,500 jobs, as the company seeks to clampdown on costs. Chief executive Daniel Ek said he had made the “difficult” decision with economic growth slowing “dramatically”.…
IBM could replace up to 7,800 jobs with AI in a few years, CEO says
As artificial intelligence is making its way into the workforce and potentially automating jobs, IBM Corp. is already talking about how that will affect the future of its workers as the company plans to pause hiring for back-office jobs that…
Dell to lay off 5% of its workforce
Dell plans to lay off roughly 5% of its workforce, the company said in a regulatory filing Monday, in the latest example of tech companies cutting costs in an uncertain economic climate. As of January 2022, Dell said it had…
Spotify to cut 6% of workforce, some 600 employees
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees, the latest cost-cutting announcement among technology companies. “In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this…
Microsoft to axe thousands of jobs in latest cull by tech giant
Microsoft is preparing to axe thousands of jobs in the latest move by one of the world’s biggest technology companies to reduce its workforce in the face of a slowing global economy. Sky News has learnt that the US software…
COVID-19: Transcorp Hotels to restructure business strategy
The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue. Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize…
Do you know why young Nigerians are running abroad? – Sisi Lucia
Let us talk about this migration thing. So many Nigerians, from the rich, and middle class, or anyone who can afford it are uprooting their lives and moving to the West. Many of them have great jobs, comfortable lives here…
