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CrowdStrike, Responsible For Global IT Outage, To Cut Jobs In AI Efficiency Push

2 months ago
CrowdStrike, the cybersecurity firm that became a household name after causing a massive global IT outage last year, has announced it will cut 5% of its workforce in part due to "AI efficiency." From a report: In a note to staff earlier this week, released in stock market filings in the US, CrowdStrike's chief executive, George Kurtz, announced that 500 positions, or 5% of its workforce, would be cut globally, citing AI efficiencies created in the business. "We're operating in a market and technology inflection point, with AI reshaping every industry, accelerating threats, and evolving customer needs," he said. Kurtz said AI "flattens our hiring curve, and helps us innovate from idea to product faster," adding it "drives efficiencies across both the front and back office. AI is a force multiplier throughout the business," he said. Other reasons for the cuts included market demand for sustained growth and expanding the product offering.

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China Export Controls Whack AMD Datacenter GPU Business

2 months ago

As far as we can tell, the export controls on crippled GPU compute engines announced by the US Department of Commerce back in April have had a disproportionately hard impact on AMD compared to Nvidia, as far as we can tell. …

China Export Controls Whack AMD Datacenter GPU Business was written by Timothy Prickett Morgan at The Next Platform.

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Panasonic To Cut 10,000 Jobs

2 months ago
An anonymous reader shares a report: Panasonic will undertake a major restructuring across a range of its business, including consumer electronics, cutting 10,000 jobs globally, as the Japanese company plans to streamline, spinning out struggling divisions in hopes of reversing its dwindling market share and fending off fierce Chinese competition. Panasonic did not say which businesses it intended to shrink. The company expects to book structural reform costs of roughly $900 million this business year. Panasonic ended the fiscal year

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