Boeing Chief Financial Officer Brian West said the "strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shared future."
Firms are finding new use cases for AI including grading and feedback, co-pilot for teachers and students, and even sprucing up CVs of students, helping them to cut costs and reduce hiring.
The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News.
As firings become a wildfire in tech industry, here’s a look at companies that have implemented job cuts and issues impacting Big Tech
On the layoff trend Ryan Roslanksy, CEO of LinkedIn which is owned by Microsoft ,told CNBC-TV18 that the company is not planning any layoffs, but a hiring freeze will be soon seen across some verticals of the company.
CEOs are largely positive about global economic prospects, but have adjusted or plan to adjust their risk management procedures considering geopolitical risk.
Apple is looking to limit expenditures by curbing vacancies, to prepare for recession
Startups have also resorted to shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years
Volkswagen has imposed a hiring freeze at its financing business and cut a shift at a German engine factory as it braces for a hit to business from cheating in diesel emissions tests.