layoff – Charm – Daily News

Layoffs Hitting 22-Year High for October Sparks Fresh Stock Losses

US stocks dropped sharply on Thursday as investors took in the worst layoff data for the month of October in over two decades. Employers announced 153,074 job cuts for October, according to data from Challenger, Gray & Christmas. That represents a 183% increase from job cuts announced in September, and marked the worst October for…

xAI lays off 500 AI tutors working on Grok

Cs news6 months ago6 months ago03 mins

Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot. The layoffs were earlier reported by Business Insider. The AI company notified employees over email that it was planning to downsize its team of generalist AI tutors, according to messages viewed by the…