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Companies cutting jobs as investments shift toward AI
Reuters· 2026-02-25 16:38
Core Insights - The rapid adoption of artificial intelligence (AI) is leading to significant job losses in various industries, with Goldman Sachs estimating that AI was responsible for 5,000 to 10,000 monthly net job losses in the most affected U.S. sectors last year [1] - AI accounted for 7% of total planned layoffs in January, indicating a growing trend of companies restructuring their workforce in response to automation [1] Company Layoffs Linked to AI - AGORA plans to lay off up to 166 employees, or 6.56% of its workforce, to improve its digital business [2] - ALLIANZ intends to cut up to 1,800 jobs in its travel insurance division due to AI replacing manual processes [3] - AMAZON confirmed 16,000 corporate job cuts as part of an AI and efficiency-driven overhaul [3] - AUTODESK will reduce about 1,000 jobs, approximately 7% of its global workforce, to focus on cloud and AI initiatives [4] - BRITISH AMERICAN TOBACCO announced an AI-driven productivity program that will lead to unspecified job cuts [4] - DOW plans to cut about 4,500 jobs, which is 13% of its total workforce, by streamlining processes through automation and AI [5] - HP INC expects to cut 4,000 to 6,000 jobs globally by fiscal 2028 as it adopts AI [5] - MERCADOLIBRE laid off 119 employees as part of its AI expansion [6] - META is cutting over 1,000 jobs at its Reality Labs unit and around 600 positions in its Superintelligence Labs to pivot towards AI devices [6] - NIKE is laying off 775 employees to enhance profits and increase automation [7] - PINTEREST plans to cut up to 15% of its workforce to focus on AI roles and strategy [7] - SEB announced a restructuring plan that may impact up to 2,100 jobs worldwide by 2027 due to AI [8] - TELSTRA plans to cut 650 jobs in an AI-driven restructure [9] - WISETECH will reduce about 2,000 jobs, nearly one-third of its global workforce, as it integrates AI into its operations [9]
SANOMA CORPORATION: ACQUISITION OF OWN SHARES 25 FEBRUARY 2026
Globenewswire· 2026-02-25 16:30
Sanoma Corporation, Stock exchange release, 25 February 2026 at 18:30 EE8 SANOMA CORPORATION: ACQUISITION OF OWN SHARES 25 FEBRUARY 2026Nasdaq Helsinki Ltd: Date25 February 2026 Exchange transactionBuy Share classSANOMA Amount17,589 Average price/share, EUR8.9763 Highest price/share, EUR8.9900 Lowest price/share, EUR8.9400 Total cost, EUR157,884.14 The share buybacks are executed in compliance with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegate ...
Bay Street Might Continue Positive
RTTNews· 2026-02-25 13:57
Investor sentiments might be influenced by geopolitical developments. The U.S. has positioned military forces in the Middle East. The precious metal prices are on a positive note. On Tuesday, the benchmark S&P/TSX Composite Index closed higher. It settled with a gain of 193.88 points, or 0.57%, at 33,970.38.Gold surged toward $5,200 an ounce on Wednesday while the dollar declined. Spot gold traded up 0.8 percent at $5,187.20 an ounce. U.S. gold futures were up 32.40 points or 0.62 percent at $5,209.20.Silv ...
TSX climbs, U.S. stock markets rise amid renewed AI enthusiasm
Investment Executive· 2026-02-24 22:19
Shares of Thomson Reuters Corp. rose 11.4% after it said one million professionals are using its CoCounsel AI technology. The stock had faced some pressure earlier this month, with investors weighing the potential impact of AI disruption.“We’re seeing a lot of companies investing hundreds of millions, if not billions, of dollars into AI and now to see Thomson Reuters really monetizing it at scale is very positive,” Gardner said.Separately, Scotiabank shares were down 0.7% on Tuesday after the lender reporte ...
Tuesday's Final Takeaways: WBD Bidding War Continues & Consumer Confidence Improves
Youtube· 2026-02-24 22:00
Welcome back to Market on Close. I'm Marley Caden here in Chicago alongside Sam Bodis at the New York Stock Exchange. Some final thoughts on the session from both of us.For me, of course, an update to the saga that I love. The Warner Brothers Discovery acquisition drama back in focus after the company confirmed it received a higher takeover bid from Paramount Skyance, escalating the bidding war with Netflix. Paramount is trying to top Netflix's roughly 2775 per share agreement with its enhanced proposal tha ...
Earnings live: Workday stock plunges amid AI disruption concerns, Lucid falls on mixed quarter, HP tumbles
Yahoo Finance· 2026-02-24 21:41
Fourth quarter earnings season is entering its final stretch. In the week ahead, earnings from Nvidia (NVDA) will mark the final company among the "Magnificent Seven" tech stocks to report quarterly results. This report should offer a crucial update on how demand for its high-tech AI chips — a big part of the hundreds of billions of dollars its Big Tech peers are spending on AI investments — continues to shape up. Other key results in the week ahead will include reports from Warner Bros. Discovery (WBD ...
PARAMOUNT CONFIRMS SUBMISSION OF REVISED PROPOSAL TO ACQUIRE WARNER BROS. DISCOVERY
Prnewswire· 2026-02-24 14:10
PARAMOUNT CONFIRMS SUBMISSION OF REVISED PROPOSAL TO ACQUIRE WARNER BROS. DISCOVERY [Accessibility Statement] Skip NavigationLOS ANGELES and NEW YORK, Feb. 24, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today confirmed it has submitted to the Board of Directors of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") a revised proposal to acquire WBD. This submission follows a period of engagement with WBD after it received a seven- day waiver under its merger agreement wi ...
David Ellison's Paramount Skydance is revising its bid for Warner Bros. Discovery as it battles Netflix
Business Insider· 2026-02-24 13:28
David Ellison's Paramount Skydance has revised its bid for Warner Bros. Discovery, putting pressure on Netflix to follow suit — or risk seeing its dream of buying HBO slip away. Paramount did not provide a number for its revised bid. Its previous offer was for $30 per share.WBD previously turned down Paramount's offers and decided to sell key assets, including its studio and HBO, to Netflix for $27.75 per share, also fully in cash. The Netflix deal doesn't include WBD's cable channels, such as HGTV and TNT, ...
光线传媒今日20cm跌停,首创证券北京五道口证券营业部净卖出2.17亿元
Xin Lang Cai Jing· 2026-02-24 08:31
光线传媒今日20cm跌停,成交额65.98亿元,换手率10.76%,盘后龙虎榜数据显示,深股通专用席位买 入1.30亿元并卖出4.07亿元,有1家机构专用席位净卖出2120.01万元。首创证券北京五道口证券营业部 净卖出2.17亿元。 ...
主力板块资金流出前10:计算机流出92.91亿元、传媒流出61.88亿元
Jin Rong Jie· 2026-02-24 02:48
| 板块名称 | | 涨跌幅 (%) 板块资金流向 | 净流出最大 | | --- | --- | --- | --- | | 计算机 | -1.13 | -92.91亿元 | 海联讯 | | 传媒 | -2.74 | -61.88亿元 | 电广传媒 | | IT服务III | -1.14 | -44.15亿元 | 海联讯 | | IT服务 II | -1.12 | -44.13亿元 | 海联讯 | | 软件开发 | -2.24 | -43.48亿元 | 经纬恒润-W | | 垂直应用软 件 | -1.33 | -22.08亿元 | 经纬恒润-W | | 横向通用软 件 | -4.86 | -21.32亿元 | 大恒科技 | | --- | --- | --- | --- | | 影视院线 | -7.46 | -18.62亿元 | 华谊兄弟 | | 影视动漫制 作 | -6.26 | -16.46亿元 | 华谊兄弟 | | 广告营销 | -1.92 | -15.42亿元 | 三人行 | 据交易所数据显示,截至2月24日开盘一小时,大盘主力资金净流入69.90亿元。主力资金流出前十大板块分别为:计算机(-92. ...