#ai

Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA began as a graphics processing company focused on improving video game visuals. Its breakthrough came in 1999 with the launch of the GeForce 256, the world’s first GPU, revolutionizing computer graphics and parallel computing. Over the next two decades, NVIDIA expanded beyond gaming into high-performance computing, data centers, and artificial intelligence. Its CUDA platform, introduced in 2006, enabled GPUs to accelerate AI and scientific workloads, cementing NVIDIA’s role at the heart of the AI revolution. Today, NVIDIA is a global leader in GPUs, AI chips, and data center solutions, shaping industries from gaming to autonomous vehicles and generative AI.

Story by Justin Lahart

Corporate America has ended its firing freeze.

Companies scrambled for years after the pandemic to build back their workforces, learning a simple lesson along the way: Keep the workers you’ve got, because if you lose them you will have a hard time getting them back.

The job market has softened in recent months, however, marking a safer environment for companies to start streamlining their workforces. A host of them have pounced, including Amazon.com, UPS, Target and Meta Platforms, which have announced tens of thousands of layoffs in recent weeks.

It is a shift that could have major repercussions for U.S. workers. Over the past two years, U.S. businesses have become increasingly reluctant to bring new employees on, especially as more recent uncertainty over the direction of tariffs made it harder to plan ahead. But they have also been hesitant to cut the employees they already have, an example of what economists term “labor hoarding.”

The result has been a low-hire, low-fire environment, in which recent graduates and others trying to break into the job market have struggled, but workers who are already employed have been largely insulated.

Now things are looking a bit more like the 1990s, when many big companies were focused on eliminating workers they felt were no longer needed, according to Joseph Brusuelas, chief economist at RSM.

Back then, “we used to reward companies for letting people go,” he said

A number of things could be at play in companies’ increasing comfort with layoffs, including optimism over artificial intelligence, but they all come down to the bottom line. Labor is a major cost, and cutting it is one way to bolster profit margins. Tariffs could be adding to the urgency, especially for companies weighing whether and how to pass through the higher costs they are paying for goods on to consumers.

Some companies also added to their payrolls as they moved to keep up with the surge in demand that came in the pandemic’s wake, and may now feel that they are bloated. Amazon had about 800,000 employees at the end of 2019, and about 1.5 million at the end of last year.

In a memo to staff last week explaining Target’s plan to cut 1,800 corporate roles, incoming chief executive Michael Fiddelke said, “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.”

It probably helps, too, that investors have appeared to welcome job cuts. Target’s stock edged up on the day it announced layoffs. When Amazon on Tuesday said it was laying off 14,000 workers, with more to come, its stock rose 1%. When UPS disclosed it had cut 48,000 management and operations positions when it reported earnings on Tuesday, Wall Street’s focus was on its strong results, and its stock rallied 8%.

Nor are companies any more in an environment where hiring back workers would be anything like the struggle it was after the economy began to reopen from the Covid crisis. Then, workers could largely pick and choose between competing offers.

The unemployment rate, which fell to a multidecade low of 3.4% in April 2023, was 4.3% as of August. Many Americans are operating under the assumption that the jobs picture will get worse: 64% of consumers polled by the University of Michigan this month said they expected higher unemployment over the next 12 months, compared with 32% in October 2024.

One risk for the broader economy: In an environment where employment growth is already low, any increase in layoffs could lead the economy to start shedding jobs. In August—the last month of available data before the government shutdown delayed Labor Department economic releases—the U.S. added just 22,000 jobs.

Whether the recent run of layoff announcements augurs a downturn in the job market isn’t clear, said Jed Kolko, senior fellow at the Peterson Institute for International Economics. While those layoff numbers are eye-catching, they don’t necessarily reflect what is going on in a labor force of over 170 million people, he said.

“You need the whole picture, and that whole picture comes from data that are not being released during the shutdown,” Kolko said.

For companies, enthusiasm over the possibility to automate more work with AI is also playing a role. The Federal Reserve’s latest beige book, which compiles economic anecdotes from the 12 regional Fed banks, reported that more employers were reducing head counts through layoffs and attrition “with contacts citing weaker demand, elevated economic uncertainty, and, in some cases, increased investment in artificial intelligence technologies.”

While there is evidence that AI is cutting into demand for certain jobs, such as software development, the degree to which it is more broadly automating away jobs is difficult to tease out, points out Kolko.

But even if they haven’t been able to widely implement AI yet, a belief that they someday will could increase some employers’ comfort with abandoning labor hoarding. Companies including Walmart, Ford, JPMorgan Chase and Amazon have said that they expect AI will allow them to eliminate jobs.

“Labor hoarding was especially pronounced in higher-wage jobs, where employees are harder to find and therefore more costly to lose,” he said. “Those tended to be tech industries and other professional industries, and those overlap with some of the industries that could be most affected by AI.”

Write to Justin Lahart at Justin.Lahart@wsj.com

https://www.msn.com/en-us/money/markets/why-companies-are-no-longer-hanging-on-to-employees/ar-AA1PDQy6?ocid=msedgntp&pc=W230&cvid=9d7c22f078db4c4cad85cabf269b82b1&ei=11

Seems to me that if you :

Work in Wireline you should be worried

Live nowhere near any of the hubs you should be worried

Are a band 6 with no staff you should be worried

Work in Connect you should be worried

Work in International you should be worried

Have no operational role you should be worried

Are not hitting your Sales target you should be worried

If AI can do 60% of your role you should be worried

So I guess there’s 2-3% of the company that can sleep soundly…

Layoffs hit Amazon, UPS, Target, and more — but it has little to do with AI

Even perceived winners in the AI-fueled economy, like Meta, have recently announced workforce reductions.

https://finance.yahoo.com/news/layoffs-hit-amazon-ups-target-and-more--but-it-has-little-to-do-with-ai-165130022.html

AI benefits for Indian Public- Tata cars prices to slashed by 70%, Tata steel at half prices thanks Robots.

Tata Homes Spacious 2 BHK in Pune at 25 lakh, build by AI and robots using advanced materials developed TIFR , that cost a fraction of current material.
4 lakh CTC in for Tech lead job in TCS will let you all these benefits -so easy

I've not found even one good use case so far in my line of application engineering. What are people's opinions on how much of the current "AI will change the world like steam engine" sentiment is reality vs marketing?

M&M sell vehicles at less than half the current prices - thank to AI tools... The buyers --- robots working in factories.... they will buy and drive.............

Joke ?

No income no buyer, no jobs ,,,, no market for the cars

one year of great profits and after that global recession..

AI does (not) -

Pay Tax revenues.

On the (exponentially rising) U.S. National debt of $38.0 Trillion whereby U.S. taxpayers pay approximately ($969.3 Billion in Interest a year) to outside Investors (almost a Trillion a year) that are both U.S. based, and foreign like Japan; and China; for example.

AI won't replace (anything) that is (not) computer driven.

CEO Elon Musk recently made a (Very incompetant) statement that it would replace (all) jobs.

It won't, but it will replace a lot of entry-level white collar jobs; and a lot of manufacturing; though.

Now can he be fired.

Any truth to the latest news of upcoming CPM announcements on Nov. 10? Specifically in the AI group under Sachin Katti?

Cisco was mentioned :

https://www.kitco.com/news/article/2025-10-31/major-market-top-despite-record-ai-rally-strategist-warns

Majority of R2B reps are going to be gone with an opportunity to apply to retail, B2B or another position. Retail business support will be a combination of B2B, AI and a new support line similar to click to call that basically will process transactions and either dfill or ISPU. No need to continue to pay duel comp. The new plans will be simplified and almost mirror consumer plans. B2B will also take a big hit and streamline the multiple layers of leadership and account executives.

People complaining on reddit that during exam session on the MyLearn courses it crashes down. Will AI be supportive to resolve issues?

Would be a lot better!

And layoffs are rampant. The demand is tapering off and customers/clients are asking for more with less people and $$$. So, that'd be the environment right now. Things will continue to trend down and it's so hard to find jobs nowdays with everyone laying off people, budgets goin down, etc. Plus tariffs plus geo-political instability plus AI - you get what I am trying to say...

Good luck no matter what!!!!!

AI Ambassador does what?

What’s really happening is offshoring and cutting headcount. Once we reach the next “lean” stage and the workload triples, we’ll all discover that no AI actually took on any of the work. At least not in the sense of replacing anyone. I’ve yet to see a model that doesn’t hallucinate or need supervision. Sure, it can speed up some tasks, but that’s it. So can we finally stop using it as an excuse?

White-collar workers across the U.S. are facing mass layoffs as companies such as Amazon, UPS, and Target cut thousands of corporate jobs while embracing AI and cost-saving measures. Tens of thousands of office workers, from new graduates to seasoned professionals, are entering a stagnant job market with fewer opportunities and increasing competition.

Companies are automating white-collar tasks through AI, driving investor-backed efficiency but leaving fewer managerial and midlevel roles. Nearly two million people have been unemployed for 27 weeks or more, and confidence in finding good jobs has dropped sharply.

While blue-collar fields like construction, healthcare, and trades face labor shortages, white-collar employees are being displaced, overworked, or forced into unrelated jobs. Many laid-off professionals report draining savings and facing housing insecurity, while employers demand increasingly specific qualifications from fewer hires.

Economists warn that AI-driven restructuring is reshaping the nature of office work, eroding stability for middle- and upper-income earners, and deepening inequality in the U.S. labor market.

Source:

https://www.wsj.com/economy/jobs/white-collar-jobs-ai-324b749c

Analysts predict up to 500,000 white-collar software jobs could be lost in the next few years, mostly among mid-level employees:

https://www.thestreet.com/employment/white-collar-workers-should-worry-about-this-concerning-trend

• AI and automation: AI is beginning to handle tasks once performed by humans, leading companies to re-evaluate their staffing needs and reduce reliance on large corporate teams. Companies like IBM have stated that AI could replace a significant percentage of non-customer-facing roles, say The New York State Society of CPAs.
• Corporate restructuring and efficiency: Companies are restructuring to become more efficient and are under pressure from investors to cut costs. This has led to significant layoffs, particularly in large corporations like Amazon, UPS, and Target, as reported by AllSides and The Wall Street Journal.
• Post-pandemic market normalization: The period of explosive growth in some sectors during the COVID-19 pandemic has cooled, leading to a slowdown and increased layoffs in industries like tech, communications, and media, according to Newsweek.
  Economic and political uncertainty: Factors like political uncertainty and higher costs are also contributing to slower hiring and job cuts.

At least he's consistent.
Who thought using an AI-generated voice model would be a good idea? What message does it send?

Also reading the gibberish he read out, not sure what's worse that he did write it but just got AI to say it or that it was clearly spewed out by AI?

You all probably have been experienced 30K headcount cut off the last two years so far. According the law of physic ( not Moore law ) when things are going down they will accelerate down fall faster than previous fall until hitting the bottom. AI has been warning you to get ready and updating your resumes as times are against you at this place. Our AI team can help you polish your resumes or change your titles to look good without giving a leg, an arm or a kidney.

Be ready to shave your head or don’t color your hair to avoid the next round of layoffs at this place.

RIP Intel Helloween

Anyone else's team being pushed to use that AI tool? It actually feels like they're adding another step in our processes for little reason.

Training it to do our jobs?

Maybe I need a pedicure.

YouTube is undergoing a staffing shakeup as the company pivots to focus on artificial intelligence, offering its US-based employees voluntary buyout packages with severance.

The online video platform, which launched in 2005, is restructuring its products team for the first time since 2015, according to an internal memo from YouTube CEO Neal Mohan, as parent company Google‘s CEO Sundar Pichai has urged staff to embrace AI for increased productivity.

https://deadline.com/2025/10/youtube-offers-employees-voluntary-buyout-embraces-ai-1236602459/

The comrades in management have slated the launch of their yellow ai for February so it is likely they will can more people then. I expect more centres to close as all disposable income seems to be pumped into this thing.

Dan is big proponent of AI. We need to create a of excellence for AI. Whoever is going to win AI war is going to be the next leader in this space.

Want a change in public perception? Take bold risks and reverse course from what has transpired from 2016 to now.

1) Take advantage of these commercial real estate discounts. Let's buy small offices in our Top 50 markets. Have a space for all of our channels to collaborate regionally. Let's bring more headcount to Customer Service in America and away from India, Philippines, etc.

2) Lets actually own our Network again Network engineers who are part of the V-team (non-contractor). Why don't we have large Verizon branded Network Trucks and Vans outside of our FiOS footprint? We need our network to be VISIBLE.

3) It was really motivating for all V-teamers to see Hans enjoying himself the last 9 years at NFL, NBA, and NHL games. Really?? it seems that's all he did was post morning running videos and having fun at our expense. Let's have less of that Dan. Let's actually meet and have discussions with your employees across all channels.

Lastly, Dan, let's use your Fin tech background and connections and lets make it clear we are part of this A.I. and American Crypto movement. Verizon strategic crypto reserve? Verizon customers earn crypto rewards? It would put us in limelight for bold change and get on the radar of this current administration. Who is BIGLY on America First companies and companies bringing back American Jobs

I'm curious how do folks feel about SAS' Agentic AI solution (Retrieval Agent Manager) that was GA'd last month? Is anyone seeing much customer interest or demand to date?

https://www.sas.com/en_us/news/press-releases/2025/september/retrieval-agent-manager.html?utm_source=advocacy&utm_medium=social-sprinklr&utm_content=18284842199&utm_term=18284842199

Best use of AI

Support the BNY PAC ?? Anyone see Robin's message?
for what? To fund politicians who don't care about rule of law??

freaking ridiculous.
While we get replaced by AI??
30,000 corporate Amazon employees will be flooding the job market because of AI. Good luck competing with those people.

We're all going to need UBI soon, if not food stamps.

I have been reading the layoff section of several of the larger Health Insurance Companies that offer Medicare Advantage plans.

And they all appear to be making, what at least I feel is a mistake…at least from a humanitarian aspect. They are all exchanging American citizen jobs by swapping them out for two things: Artificial Intelligence & Outsourcing to foreign countries.

I believe that C-suite Executives for all these companies are gearing up for what they already perceive, as follows:

—Medicare Advantage is no longer profitable, which Insurance Execs see, the Government sees, and even the members are starting to see (as MA plans that used to be rich with benefits are now getting skinnier)

As a result, I believe and predict the following:
—Within the next 5 (five) years, MA will completely tank and the largest of the large private Medicare Insurance companies will all submit to the Government RFP (Request For Proposals) bidding to get a contract to administer Original (Traditional) Medicare on behalf of the Government. Note: That is not the same thing as administering MA plans that happen to be funded by the Government.

Because doing this will need to be much more streamlined and not have all the human overhead, which also comes with different challenges, I think this is what Insurance Company Executives are preparing and getting “house cleaned” in advance, as it were.

Side note, and I say this in jest. If 5 (five) years from now, my prediction show to be true, as a sort of concession prize can someone please send me a check for a million dollars? I am kidding! Lol

These corporations seem to have no idea how to address any of their issues other than to lay people off. They do it to please the shareholders, however everyone else is stressed out. They wonder why employees have no loyalty to their company anymore? It's because corporations don't care about them. Shop local, buy local. Buy as much as possible from small businesses in your community. That money stays in your community and doesn't line a shareholders pocket. Sc--w them. Take your power back. Between robotics and AI, nobody is going to have jobs in a few years unless it's serving at the feet of the rich.

A post from the Amazon Layoff page:

“Let this serve as a stark reminder: capitalism, as it exists today, tethered to public markets that demand perpetual growth, is deeply flawed.

Amazon, like any publicly traded company, must show quarter over quarter gains. One of the easiest ways to do that? Cut costs.

Is the company bloated? Probably. But let’s be clear, no corporation truly cares about you. Public companies will always prioritize perceived growth over employee well being.

That’s the nature of the system.

As AI continues to advance, it will inevitably replace jobs across industries. This pursuit of efficiency will remain the top priority for companies until the underlying incentives change.”

I feel like this is so accurate.

with the latest AI tools, people can develop a payments application in 10 minutes...
How do they explain having so many people in the office 24 x7 , and supporting old terrible products for years. any logical explanation?

They block all these AI tools from office laptops!

Congratulations leadership team! You’ve wiped out 7 years of growth in 2 quarters - but don’t fear…This new leadership team will bring it back - even though they haven’t got the first clue how to address the complexities of the various acquisitions of the last 2-3 decades.

16 core platforms to 5!..Yeah, right. If you force a bank/cu customer through a conversion then they will RFI/RFP to the competition and you will probably lose that client for causing them pain. Add to that the continuing shrinking of the FI business in the US through acquisition, merger and liquidation…It’s ugly!

The fact that the CEO threw out Agentic AI as the savior technology within the first few minutes of the presentation just shows they’ve been spoon fed by their consulting advisors (e.g. McKinsey, Bain, etc). There isn’t a single person in the leadership team that can describe how that would work against their biggest problems - i.e. Customer Satisfaction.

Let’s see how this changes for full year results.

I see some people internally are taking Oracle AI Agent course. Is there any sense to take it if I plan to move from O? Anybody using it globally or it's just only internal tool and it's a waste of time?

How does this affect Cisco ?

https://www.cnbc.com/2025/10/28/nvidia-nokia-ai.html

Let this serve as a stark reminder: capitalism, as it exists today, tethered to public markets that demand perpetual growth, is deeply flawed.

Amazon, like any publicly traded company, must show quarter over quarter gains. One of the easiest ways to do that? Cut costs.

Is the company bloated? Probably. But let’s be clear, no corporation truly cares about you. Public companies will always prioritize perceived growth over employee well being.

That’s the nature of the system.

As AI continues to advance, it will inevitably replace jobs across industries. This pursuit of efficiency will remain the top priority for companies until the underlying incentives change.

The corporate bloodbath picks up speed with Amazon's announcement today to layoff 14,000 corporate employees (following their announcement to replace 600,000 warehouse workers with AI driven robots over the next 24 months) and following mass layoff announcements other major technology/retail brands; Target, Meta, Accenture, Rivian, Paycon, etc.

I would suggest everyone update their resumes but if, like mine, your skillset is corporate related, it hardly seems like there is a point.

Good chance Canon could get involved again during slow time in January / February. Anyone know if the numbers have improved? My small division is doing okay, but not reflective of company-wide hardware sales.

Qualcomm entering datacenter AI GPU market must be the biggest joke of all. Nvidia and AMD are in the GPU market for 10+ years. Even Intel has a data center GPU which nobody uses. Qualcomm comes in yesterday and announces that they are entering the market? The executives managed to fool the market for a day. The stock is sinking back to normal now.

Chegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue.

https://www.cnbc.com/2025/10/27/chegg-slashes-45percent-of-workforce-blames-new-realities-of-ai.html