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Wells Fargo CEO Says More Job Cuts Coming at the Bank as AI Prompts 'Efficiency'

Slashdot.org - Wed, 12/10/2025 - 13:45
Wells Fargo expects more job cuts and higher severance costs in this quarter that ends in three weeks, bank CEO and President Charlie Scharf said Tuesday at an investors conference in New York. He's also betting on AI to drive efficiency and, eventually, further workforce reduction.From a report: "As we've gone through the budgeting process, and even pre AI, we do expect to have less people as we go into next year," Scharf said at the Goldman Sachs Financial Services Conference in New York City. "We'll likely have more severance in the fourth quarter." The fourth quarter runs Oct. 1 through Dec. 31 for the San Francisco-basaed bank. Wells Fargo already has shrunk from 275,000 employees to about 210,000 since Scharf joined the bank in 2019 -- about a 24% decrease. Its largest employee base remains in Charlotte, with about 27,000 workers.

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Democrats Warn Their Party May Try To Unravel Any Paramount-Warner Bros. Discovery Deal

Slashdot.org - Wed, 12/10/2025 - 13:09
As the battle over Warner Bros. Discovery grows, two Democratic lawmakers are warning that their party may try to block or unravel any acquisition by Paramount when it returns to power. Semafor: In a letter to the WBD board and Treasury Secretary Scott Bessent first shared with Semafor, Reps. Sam Liccardo (D-Calif.) and Ayanna Pressley (D-Mass.) said they were concerned about the national security risk of letting foreign entities control a large portion of the US entertainment and media industry. They also hinted that a future Democratic Congress and administration could try to unravel any Paramount-WBD deal. "Future Congresses ... will review many of the decisions of the current Administration, and may recommend that regulators push for divestitures, which would undermine the strategic logic of this merger," they wrote. "We urge the Board to weigh these national security and regulatory liabilities in evaluating a transaction burdened by uncertain but potentially extensive mitigation obligations, foreign influence risks, or adverse regulatory action."

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Amazon Changes How Copyright Protection is Applied To Kindle Direct's Self-Published Ebooks

Slashdot.org - Wed, 12/10/2025 - 12:33
Amazon says it will allow authors to offer their DRM-free ebooks in the EPUB and PDF formats through its self-publishing platform, Kindle Direct Publishing. Starting on January 20, 2026, authors who set their titles as DRM-free will see their books made available in these more open formats. From a report: The decision to use Digital Rights Management (DRM), a copyright protection mechanism, is set by the authors when they publish their ebooks on Amazon's platform. The company notes these changes won't impact previously published titles. If authors want to change the status of older titles, they'll have to log into the Kindle Direct Publishing (KDP) author portal and change an option in the settings. (Instructions on how to make that change are on Amazon's KDP support site here.) This move may actually incentivize authors to apply DRM to their ebooks.

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These developers are changing lives with Gemma 3nThese developers are changing lives with Gemma 3nSr. Product Marketing ManagerProduct Marketing Manager

GoogleBlog - Wed, 12/10/2025 - 12:15
From enhancing assistive technology to addressing the digital divide, developers built mobile-first solutions to address real-world problems in the Gemma 3n Impact Chall…From enhancing assistive technology to addressing the digital divide, developers built mobile-first solutions to address real-world problems in the Gemma 3n Impact Challenge.
Categories: Technology

Improving Gemini Text-to-Speech models for better control and capabilitiesImproving Gemini Text-to-Speech models for better control and capabilitiesProduct Manager

GoogleBlog - Wed, 12/10/2025 - 12:00
New Gemini 2.5 Flash and Gemini 2.5 Pro Text-to-Speech (TTS) preview models bring enhanced style and tone versatility, pacing control, and multi-speaker capabilities.New Gemini 2.5 Flash and Gemini 2.5 Pro Text-to-Speech (TTS) preview models bring enhanced style and tone versatility, pacing control, and multi-speaker capabilities.
Categories: Technology

Bring your app ideas to life with Gemini 3 in Stitch.Bring your app ideas to life with Gemini 3 in Stitch.Product Manager

GoogleBlog - Wed, 12/10/2025 - 12:00
Starting today, we’re bringing the power of Gemini 3 to Stitch, our experimental AI-powered design tool. Gemini 3 in Stitch will mean higher quality UI generation to hel…
Categories: Technology

The 7 finalists in the XPRIZE Quantum Applications competitionThe 7 finalists in the XPRIZE Quantum Applications competitionDirector of Research, Quantum Algorithms and Applications

GoogleBlog - Wed, 12/10/2025 - 12:00
Google announces the 7 finalists in the XPRIZE Quantum Applications competition.Google announces the 7 finalists in the XPRIZE Quantum Applications competition.
Categories: Technology

Supporting the web with new features and partnershipsSupporting the web with new features and partnershipsVP of Product, Google SearchVP, Global News Partnerships

GoogleBlog - Wed, 12/10/2025 - 12:00
We are announcing new tools and partnerships to help connect you with your favorite sources and explore the web.We are announcing new tools and partnerships to help connect you with your favorite sources and explore the web.
Categories: Technology

New updates make Jules a proactive AI partnerNew updates make Jules a proactive AI partnerProduct Management

GoogleBlog - Wed, 12/10/2025 - 12:00
We’re evolving Jules to be a more proactive coding agent, where it can operate alongside you.We’re evolving Jules to be a more proactive coding agent, where it can operate alongside you.
Categories: Technology

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