From enterprise software to drug discovery, artificial intelligence is triggering seismic shifts in corporate R&D strategies. SAP is investing €2 billion annually in AI while planning to cut up to 10,000 jobs. OpenAI is pivoting from its nonprofit roots toward a for-profit model valued at $80 billion. Hardware giants like Intel and AMD are slashing…
Think it’s just tech? Layoffs up in several R&D-heavy industries
Apple, Dell, Intel… the tech layoff headlines keep coming. But don’t think for a second it’s just Silicon Valley feeling the pinch. A closer look reveals a surge in job cuts across multiple R&D-heavy industries. Tesla cut 14,000 workers in April 2024 (10% of its workforce). Other transportation companies making cuts include electric vehicle (EV)…