Meta is implementing another round of aggressive workforce reductions, cutting roughly 10% of its total staff. According to reports from Bloomberg, the move will result in approximately 8,000 layoffs and the elimination of 6,000 vacant positions. Read: Tim Cook steps down as Apple CEO and passes reigns to John Ternus In an internal memo, Janelle…
Snap Inc. has announced a significant workforce reduction, laying off approximately 1,000 employees, which is roughly 16% of its total staff. In a company-wide memo, CEO Evan Spiegel framed the cuts as a move to increase operational velocity by replacing repetitive manual tasks with advanced artificial intelligence. In addition to the layoffs, the company is…
AI literacy is no longer the preserve of developers and data scientists. According to Pnet’s Job Market Trends Report for March 2026, released on Monday, competence in AI tools is fast becoming a baseline expectation across South African white-collar roles – from finance and office administration to education and business management. The report traces two…
Washington — The World Bank Group has supported new Country Partnership Frameworks (CPF) with Burkina Faso, Chad, Mali, and Niger for the 2026-2031 period. These frameworks aim to stimulate job creation, especially for youth and women, by strengthening human capital, infrastructure, and agricultural productivity, while supporting targeted reforms and private sector development. Grounded in the…
The Planera report underscores need for reskilling as AI targets routine work but strengthens demand for judgement-driven, hands-on professions. (Image source: 123RF) Advances in artificial intelligence (AI), robotics and machine learning are accelerating structural shifts in the global labour market, with white-collar occupations facing the greatest threat of being replaced by automation. This is according…
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing U.S. economy added 178,000 jobs in March 03:08 UP NEXT U.S. economy faces greater risks as Iran war rages in Middle East 01:31 How the war with Iran is impacting prices of plastics, fertilizer and more 02:37 U.S….
Kampala — The World Bank Board has approved a six-year urban development program to improve the management of cities and municipalities and expand access to climate-smart infrastructure, services, and jobs for urban residents and displaced populations in refugee-hosting areas. The Uganda Cities and Municipalities Infrastructure Development (UCMID) program will support 10 cities, 26 municipalities, and…
The World Bank Group, the African Development Bank, and The Rockefeller Foundation launched a new Mission 300 Private Sector Council to mobilize the billions in private investment needed to connect 300 million Africans to electricity by 2030 while unlocking job creation across the continent. Fourteen leaders from diverse sectors will help drive strategies to crowd…
Washington D.C. — The World Bank has approved a $500 million International Development Association (IDA) credit for the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project, aimed at increasing smallholder farmers productivity, strengthening agricultural value chains, and creating jobs while improving food and nutrition security. Agriculture remains Nigeria’s largest source of employment, yet low productivity,…
– Liberia joined policymakers, development partners and youth leaders from across Africa at the Jobs for Youth in Africa Community of Practice (COP) 2026 in Nairobi, where the country highlighted its progress in youth employment while calling for stronger continental partnerships to expand opportunities for young people. The high-level forum, organized by the World Bank…
