AI Layoffs & Jobs News ・ 📉 Job cuts attributed to AI

Galapagos cuts 9% of staff as AI push drives efficiency, Bloomberg reports

Yahoo Finance · 11/06 21:44 UTC

Galapagos Capital has eliminated 45 roles across its global operations, about 9% of its workforce, as part of a broader efficiency drive, according to a Bloomberg report citing people familiar with the matter. The São Paulo-based asset manager is targeting operational streamlining through expanded use of artificial intelligence while dealing with persistent market headwinds.

Read the original (Yahoo Finance)

See it in the digest → ・ See this issue →