ShopClues is cutting nearly half of its workforce, multiple reports suggest. About 200 staffers were sacked and many didn’t receive the standard payout of two months as the e-tailer is running low on cash, sources said. ShopClues has been on the block for $300-350 million — a third of its 2016 valuation — but the company’s discussions with Snapdeal and Paytm did not fructify. A ShopClues spokesperson said that the firm has been steadily reducing operational workforce for leveraging “gains from technology.” Here's what people are saying.
While the focus of automation and job loss has been on low-to-medium-skilled workers, a report in Axios argues that evidence is building that even high-skilled work is at risk. Recent studies, along with retraining efforts by some of the biggest companies, shows that there are growing concerns that positions like software engineers, lawyers, information security analysts and beyond potentially being at risk of automation as the technology becomes more powerful. Here’s what people are saying.