When we get to a point where literally just about everything can be done more cheaply and more efficiently by robots, the elite won’t have any use for the rest of us at all. For most of human history, the wealthy have needed the poor to do the work that is necessary to run their businesses and make them even wealthier. In this day and age we like to call ourselves “employees”, but in reality... 

Current female engineering students at the University of Technology at Sydney might not be too pleased with the school’s decision to lower the requirements for accepting women into the program. The school is lowering the engineering entry bar for women as part of a plan “to get more women to study engineering and consequently get into the engineering workforce.” Of course, this fails to address... 

The US software giant Microsoft has announced plans to slash 18,000 jobs from its global workforce in 2015, the largest cuts in the company’s 39-year history. In a statement on Thursday, the company described the shakeup as part of its strategy to streamline business under new CEO Satya Nadella. Layoffs represent about 14 percent of the company’s workforce and will be completed by next June. Nadella,... 

Major US electronics corporation Texas Instruments Inc. (TI) plans to eliminate 1,700 jobs. Major US electronics corporation Texas Instruments Inc. (TI) has announced plans to slash its global workforce by 1,700 people as a ‘cost-cutting’ measure. The move, announced Wednesday by the Dallas-based chipmaker, is part of the TI’s plan to discontinue its mobile business, according to the company’s... 

Major US financial services corporation Bank of America plans to slash 16,000 jobs by the end of the year as part of an extensive cost-cutting measure to make the institution more profitable. Following the planned reduction in the Bank’s workforce, the multinational US company would no longer hold its current title as the American banking industry’s largest employer, the Wall Street Journal reported...