The Number of Hours Worked Per Week by Employees has Declined to 34.3

20000 

IT experts are expressing concerns about the impact of AI-powered coding tools on job security. While these tools aim to streamline coding processes and assist developers, there is a potential risk of certain coding jobs becoming obsolete. Estimates indicate that around 20,000 programming positions could be at risk as the coding industry increasingly adopts AI tools. 

230 

Niantic is downsizing its workforce, with approximately 230 employees being laid off, representing about 25% of its total staff. This move aligns with Niantic's strategic reassessment of its game portfolio and refocusing efforts on new projects. The company aims to streamline operations, optimize resource allocation, and foster future growth and innovation. 

34.3   

According to The Wall Street Journal, the average number of hours worked per week by employees has declined to 34.3. This decrease in working hours is attributed to factors such as labor shortages, remote work arrangements, and challenges in finding a balance between hiring and actual productivity. 

5% 

KPMG, one of the Big Four accounting firms, is set to lay off 5% of its U.S. workforce, amounting to around 1,950 employees. The decision follows economic challenges and a decrease in attrition rates. These job cuts, occurring throughout the 2023 financial year, are part of KPMG's strategy to position the company for long-term success. 

20% 

Media software company Plex is making layoffs, with reports stating that 20 employees will be affected. The decision to reduce the workforce is in response to an advertising slowdown that has impacted the company's revenue. These layoffs are part of Plex's strategy to streamline operations and ensure financial stability amidst changing market dynamics.