Companies Cut More than 750,000 Jobs In 2024-And Technology Sector Led The Way

Topline Job cuts from U.S.-based companies were the highest they’ve been in 15 years in 2024—with the exception of 2020 job losses spurred by the COVID pandemic—as cuts jumped 5.5% over 2023, with experts blaming rapid technological advancement and shifting economic conditions. Key Facts Companies cut 761,358 jobs in 2024, according to a new report

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AI companies eye fossil fuels to meet booming energy demand

Energy-intensive data centers were responsible for an estimated 4% of the US’ overall energy use in 2022, according to the International Energy Agency. DepositPhotosRecent reports suggest renewable energy sources alone won’t be enough to meet data centers’ increasingly intensive power needs. The post AI companies eye fossil fuels to meet booming energy demand appeared first

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