Based on news reporting.
News Corporation recently laid off 700 workers as part of a shift towards automation, a decision they now regret. The layoffs occurred on October 1, 2023, as the company faced challenges with the implementation of AI technologies. This move has prompted the company to scramble to rehire some of the affected employees, highlighting the difficulties associated with rapid technological changes. The situation reflects a broader trend in the industry where companies are reassessing their automation strategies after experiencing negative outcomes. News Corporation's experience serves as a cautionary tale about the potential pitfalls of relying heavily on AI for workforce management.
News Corporation cut 700 jobs as of October 1, 2023.
That is roughly 2.9% of the 23,900 people News Corporation employs.
LayoffTalk has tracked 2 layoff events at News Corporation since October 2023, affecting a combined 700 employees.
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