Cognizant CEO Ravi Kumar S. criticized the use of 'AI tokens' as a productivity metric, calling it misleading. He believes companies should focus on outcomes and that AI will create more jobs, reshaping organizational structures by shrinking middle management.
ASML, the Dutch chip equipment maker monopolizing advanced semiconductor manufacturing machines, is cutting roughly 1,700 jobs (4% of its 44,000-person workforce). The layoffs target management and coordination roles, not engineers, with CEO Christophe Fouquet citing excessive layering and slow processes. The company will create around 1,400 new engineering roles. Over 1,000 employees staged a walkout in March, with unions calling for further protests at the shareholder meeting.
