automation News

SoftBank's Bold $1 Trillion AI Investment Plan in the US Aims to Revolutionize Manufacturing

SoftBank Group Corp. is considering a $1 trillion investment in the US AI sector to develop AI-driven industrial parks, aiming to address labor shortages and revolutionize manufact...

Siemens Announces Major Workforce Reduction: Over 6,000 Jobs to Be Cut Globally

Siemens AG is set to lay off over 6,000 employees globally, including 5,600 in automation and 450 in electric vehicle charging, aiming to enhance competitiveness. The company plans...

Innovative AI Solutions Reshape Indian SaaS Landscape, Lean Models Essential for Survival

The Indian SaaS sector is adapting to global IT budget tightening and AI disruption by streamlining operations and adopting efficient models. Automation and AI tools are becoming c...

Digital Transformation Leads to Workforce Reductions in Banking Sector

Banks are increasingly adopting automation and AI, leading to workforce reductions. This shift towards digitalization is reshaping the banking sector, with a focus on enhancing eff...

ServiceNow to Revolutionize Enterprise AI with $2.9 Billion Moveworks Acquisition

ServiceNow Inc. has announced the acquisition of AI firm Moveworks for $2.9 billion, aiming to combine their strengths in AI and automation to enhance employee experiences across b...

Honeywell Announces Major Restructuring: Splitting into Three Independent Companies

Honeywell International Inc. plans to split into three independent companies by separating its automation, aerospace, and advanced materials divisions, aiming to unlock significant...

Significant Workforce Reduction: Top 5 IT Giants Slash 2,600 Jobs in Q4 Amid Automation Surge

India's IT sector sees a structural shift with a significant reduction in workforce among top firms due to automation. Infosys and HCLTech buck the trend, adding employees, while o...

Takealot's Bold Strategy: Targeting South Africa's Townships to Compete with Global E-commerce Giants

Takealot, South Africa's top e-commerce retailer, is hiring personal shoppers to penetrate townships and rural areas, aiming to counter global rivals like Amazon and Chinese fast-f...