Firms are blaming AI for job cuts. Critics say it’s a ‘good excuse’

Firms are blaming AI for job cuts. Critics say it’s a ‘good excuse’

More companies are announcing AI-driven layoffs from Salesforce to Accenture. Twenty20 From tech to airlines, large global companies have been slashing staff as the real-world impact of artificial intelligence plays out, spooking employees. But critics say AI has become an easy excuse for firms looking to downsize. Last month, tech consultancy firm Accenture announced a…

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Invesco looks at income portfolio strategies

Invesco looks at income portfolio strategies

The CBOE Volatility Index, otherwise known as the Wall Street’s fear gauge, is coming off its most volatile week since April. For investors hesitant to ride out the recent wild swings, Invesco senior portfolio manager John Burrello sees income funds that employ options-based strategies as a sound game plan. His reasoning: They have more structural…

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