Cryptojobcuts

JPMorgan Chase CEO Jamie Dimon says the risks raised by Anthropic PBC's Mythos AI model are a "real issue" that the US government is on top of now. He speaks at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit.

Volkswagen plans to cut its sprawling model lineup by as much as 50% as part of a savings push. It comes after a supervisory board meeting stopped short of agreeing on deeper workforce reductions at the German automaker. Bloomberg's Elisabeth Behrmann reports.

Volkswagen AG Chief Executive Officer is trying to convince the carmaker's supervisory board about his plan for a sweeping restructuring that could ultimately eliminate as many as 100,000 jobs and close four German factories. Bloomberg's Stefan Nicola reports.

Yield Guild Games (YGG) will cut 35 employees and close its YGG Play publishing division as it shifts its focus from Web3 game publishing to supplying data for artificial intelligence models.

Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Jason Schreier reports on "Bloomberg Open Interest."

Ireland's technology sector, heavily exposed to US multinationals, is facing widespread AI-driven labor market disruption and declines in its high tech employment rates. Bloomberg's Olivia Fletcher has more.

Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the June jobs report will help Federal Reserve Chairman Kevin Warsh be patient on rates as well as benefit the bond market. He speaks on "Bloomberg Surveillance."

Volkswagen is looking to cut tens of thousands of additional jobs and may shutter factories in a push by CEO Oliver Blume to make Europe's biggest automaker more competitive, according to a report in Manager Magazin. Bloomberg's Elisabeth Behrmann has more.

BitGo has cut about 15% of its workforce as the cryptocurrency infrastructure company restructures to focus on security, trading, stablecoins, settlement services and AI-powered infrastructure.

Ethereum Foundation announced 54 job cuts, equal to roughly 20% of its workforce, as part of a restructuring designed to align resources with its long-term development priorities.