New Delhi, March 5 (IANS) US-based investment banker Morgan Stanley has reportedly laid off about 2,500 employees, or roughly 3 per cent of its global workforce, starting in early March, reports have said.The job cuts are not linked to artificial intelligence-related reforms but stem from shifting business priorities, a revised global location strategy and performance reviews of employees, according to a Wall Street Journal report, citing sources.The reported layoffs span across the bank’s thr…
Latest Jack Dorsey News & Updates
New Delhi, Feb 27 (IANS) Twitter (now called X) co-founder Jack Dorsey has announced that Block, the financial services company he founded, will cut its workforce by 40 per cent due to AI-led changes.Dorsey said on social media platform X that the company will cut its workforce from over 10,000 people to just under 6,000, with more than 4,000 employees being asked to leave or enter into a consultation-based role.Dorsey said that affected employees will receive “20 weeks’ salary plus one week p…