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from24/7 Wall St.
1 month agoBiggest AI Layoff Ever
It depends on how one defines a layoff. Microsoft Corp. ( NASDAQ: MSFT) has done it in waves, a few thousand here and a few thousand there. When one was announced, CEO Satya Nadella said, "the job cuts illustrate the enigma of success in an industry that has no franchise value." That was a vague description of artificial intelligence (AI).
Artificial intelligence
fromFortune
2 months agoAccenture's $865 million reinvention includes saying goodbye to people without the right AI skills | Fortune
First, its primary focus is investing in upskilling people, next it will "exiting people in a compressed timeline where reskilling is not a viable path for the skills it needs," and third it will identify areas to drive more operating efficiencies. Sweet said on the subsequent earnings call that Accenture expects savings of more than $1 billion from its business optimization program, which the company says will be invested into the business and its people.
Artificial intelligence
Business
fromFortune
3 months agoHow Accenture CEO Julie Sweet navigated a difficult restructure with her 770,000 employees-all without sending a memo
Julie Sweet used a personal video to announce Accenture's largest organizational restructuring, prioritizing transparent, emotional communication to align the company with AI-driven client needs.
Tech industry
fromTechzine Global
5 months agoIntel outsources marketing activities to Accenture
Intel is transferring marketing roles to Accenture to reduce costs and improve efficiency.
CEO Lip-Bu Tan is leading significant changes and potential layoffs at Intel.
The transition will restructure team dynamics and roles within the company.
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