white-collar jobs
World Economic Forum Chief Warns of Three Major Financial Bubbles: AI, Crypto, and Debt
Nov 06, 2025 12:26 am CST
The President of the World Economic Forum, Borge Brende, has issued a warning about three potential financial bubbles—cryptocurrency, artificial intelligence, and debt—amidst recent declines in global technology stocks. While offering caution against market volatility, Brende also highlighted AI's dual potential to enhance productivity while threatening white-collar jobs across major cities.
Nestle Announces Major Restructuring: 16,000 Jobs to Be Cut Globally Under New CEO's Transformation Strategy
Oct 16, 2025 05:20 pm CST
Nestle plans to eliminate 16,000 jobs worldwide over the next two years as part of a major restructuring effort under new CEO Philipp Navratil. This strategic move aims to save one billion Swiss francs, with 12,000 white-collar positions affected. The announcement comes amid declining sales and follows recent leadership challenges, including a bottled water controversy in France and executive departures.