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Meta said it would cut 10% of it employees while Microsoft will offer voluntary retirement to about 7% of workers Meta and Microsoft are trimming their workforces by thousands as they make heavy investments in AI and executives claim that the technology is meeting their companies’ productivity needs. Meta told staff on Thursday that on 20 May it would cut some 10% of its personnel just under 8,000 employees– to boost efficiency, part of a layoff plan made months ago. The company is also closing about 6,000 open roles. The same day, Microsoft announced to employees, for the first time, that it would offer voluntary retirement to about 7% of its American workforce of roughly 125,000. Continue reading...
Read full articleUFC's strategic embrace of reality TV and technology transformed it from near bankruptcy to a global powerhouse. The post Dana White: Reality TV transformed UFC’s public image, authenticity builds a loyal fanbase, and cost management drives revenue growth | David Senra appeared first on Crypto Briefing.
Plus: Meta officially kills encrypted Instagram DMs, the Trump administration targets “violent left wing extremists,” leaked documents reveal Russia's school for elite hackers, and more.
A US court has found that Meta’s AI ads tools materially developed fraudulent investment content, stripping Section 230 immunity and exposing the platform to securities fraud claims. A US court found that Meta’s AI ads helped create fraudulent investment content,…
Oracle’s abrupt termination of an estimated 20,000 to 30,000 employees via email on March 31 has sparked significant employee pushback over what many regarded as inadequate severance. The company offered four weeks of base pay plus one additional week per year of service, capped at 26 weeks, but crucially did not accelerate unvested stock grants — meaning […]
Meta launched Muse Spark on April 8, its first fully closed AI model, abandoning its open-source Llama strategy Meta launched Muse Spark on April 8, its first fully closed AI model, abandoning its open-source Llama strategy. The launch marks the…
The key to unlocking true digital transformation isn’t about technology at all; rather, it’s fundamentally about communication and collaboration at its core.
Warren’s letter asks Mark Zuckerberg to explain by May 20 which stablecoins and wallets Meta is using, how it selects issuers like Circle, what data it collects from linked wallets and how it will separate social and financial businesses. Senator…
The Senate Democrat said Meta’s reported plans to partner with a third-party stablecoin issuer could undermine “competition, privacy… and financial stability.”
