The Federation of Malaysian Business Associations stated that a blanket work-from-home policy could cost the Klang Valley hundreds of millions of ringgit a month, emphasizing that these losses are expected to be 1.9x to 2.9x higher than the projected savings of widespread work-from-home arrangements.
Remote work not only increases worker efficiency but also helps state workers who are struggling to pay bills. It costs state workers roughly $6,000 a year to come into office four times a week.
At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.
Oracle Corporation (NYSE: ORCL) is planning to cut "thousands" of jobs as soon as this month. And yes, artificial intelligence is to blame-but not solely because AI is directly taking jobs. Instead, Oracle is reportedly planning job cuts to free up cash for its AI data center expansion, which the company is pursuing to compete with cloud computing giants Amazon and Microsoft.
