Topic: job losses
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Amazon Plans to Replace 600,000 US Jobs With Robots
Amazon plans to replace over 600,000 US jobs with robots by 2033, aiming to automate three-quarters of its operational processes despite projecting a doubling in sales. The automation drive is expected to save the company 30 cents per shipped item, accumulating $12.6 billion in savings from 2025 ...
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IT Job Market Shrinks, But These Skills & Regions Are Still Hiring
The IT job market is experiencing a decline in traditional roles, with a 4.5% unemployment rate and over 179,000 jobs lost in the past two years, though demand remains strong in specialized areas and small to medium-sized businesses. There is growing demand for expertise in artificial intelligenc...
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Higher Tailpipe Pollution Drives Up US Fuel Costs
Eliminating federal tailpipe pollution regulations could increase American households' fuel costs by $310 billion over 25 years, averaging $83 more annually per household, due to slower adoption of efficient vehicles. The rollback may hinder economic growth, causing cumulative GDP losses of $710 ...
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Jaguar Land Rover Supply Chain Crippled by Cyberattack
Jaguar Land Rover has halted production for nearly three weeks due to a severe cyberattack, causing significant disruption to its UK operations and threatening the wider automotive supply chain. The shutdown is resulting in estimated weekly losses of up to £50 million for JLR, with widespread job...
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65% of Australian Workers Lack AI Training as Demand Soars
A significant majority (65%) of Australian workers lack access to company-provided AI training, creating a barrier to converting AI enthusiasm into tangible business results despite high demand for these skills. There is a notable trust divide, with 65% of Australian workers concerned about AI's ...
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Saudi Arabia Gaming Market to Hit $1.64B by 2028
Saudi Arabia's gaming market is projected to grow from $1.19 billion in 2024 to $1.64 billion by 2028, driven by an 8.2% CAGR and supported by the National Gaming and Esports Strategy under Vision 2030. The Kingdom leads the MENA region in gaming revenue and player base, with console gaming showi...
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EA Buyout Stuns Gaming Industry: Key Reactions
A private-equity consortium, including Saudi Arabia's PIF, Silver Lake, and Affinity Partners, has acquired Electronic Arts in a $55 billion leveraged buyout, marking a major shift in the gaming industry. The deal raises concerns about creative control, increased soft power for state-controlled f...
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Kojima Warns: There's No Going Back on AI
Hideo Kojima asserts that AI integration into daily life is irreversible, comparing its rise to the indispensable smartphone and suggesting debate over its utility is becoming moot. Kojima highlights potential social benefits, proposing AI could assist those with social anxiety and automate munda...
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