New Delhi, April 20 (IANS) Technology companies with successful artificial intelligence (AI) initiatives invest up to four times more in core capabilities such as data quality, governance, AI-ready talent and change management, even as only 39 per cent of technology leaders are confident of seeing positive financial returns from their AI investments, a report said on Monday.According to a report by Gartner, higher investments in foundational areas play a critical role in driving AI success acros…
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New Delhi, April 19 (IANS) Global technology firms accelerated job cuts in the first quarter of 2026, with over 73,200 layoffs by 95 companies, according to industry data.The data from Layoffs.fyi showed that the past two weeks saw a fresh surge in headcount reductions. Snap Inc., The Walt Disney Company, Meta Platforms and Oracle Corporation, announced layoffs recently as firms streamline operations to cut costs and shift resources toward artificial intelligence.Social media platform Snap Inc. …
New Delhi, April 2 (IANS) CPI-MLL MP Raja Ram Singh on Thursday condemned the reported mass layoffs by Oracle Corporation, asserting that “workers cannot be treated as expendable” and urging the government to take immediate action to protect employees’ rights and ensure accountability in the IT sector.In his letter addressed to Union Labour Minister Mansukh Mandaviya, Singh, who represents Bihar’s Karakat seat in the Lok Sabha, expressed “deep concern and outrage” over reports that the mul…
New Delhi, April 1 (IANS) A regular weekday morning turned into a moment of shock for thousands of employees at Oracle Corporation, as reports of large-scale layoffs surfaced.According to multiple reports, employees across teams began receiving termination emails as early as 6 AM.What started as a normal workday quickly turned into confusion and uncertainty, with many workers trying to understand the sudden decision while the news spread rapidly online.Reports suggest that the company may have l…
New Delhi, March 11 (IANS) Offices and infrastructure of major US technology companies in Israel and some Gulf countries could come under Iranian attack as the conflict in the Middle East intensifies, according to reports.Iran’s Tasnim News Agency, which is affiliated with the Islamic Revolutionary Guard Corps (IRGC), has reportedly published a list of offices and infrastructure run by leading American companies with Israeli links, alleging that their technology has been used for military purp…