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Meta Cuts 10% of Staff, Pivoting to AI
Meta Platforms (META) initiated a major corporate restructuring on May 20, 2026. The company is laying off approximately 10% of its global workforce. CEO Mark...
Meta cuts 8,000 jobs, pivoting to $145 billion AI expansion
Meta will cut approximately 8,000 jobs starting May 20. This reduction represents 10% of the company's workforce. Internal communications disclosed the...
Google, Blackstone launch $5B AI cloud venture to challenge Nvidia
Google and Blackstone have established a joint venture to develop artificial intelligence cloud services. Blackstone will invest $5 billion to build and...
Meta Cuts 8,000 Jobs in AI Pivot, Aiming to Rival OpenAI
Meta will lay off approximately 8,000 employees on May 20. This reduction represents 10% of the company's total workforce. The restructuring includes...
Meta Cuts 8,000 Jobs, Funding Massive Artificial Intelligence Expansion
Meta Platforms started laying off approximately 8,000 employees this week. The company is restructuring to increase efficiency and finance large-scale...
Meta to Cut 8,000 Jobs, Funding AI Expansion
Meta Platforms is cutting approximately 8,000 jobs. This reduction represents 10% of the company's total workforce. The layoffs are scheduled to begin this...
Google resets Android with Gemini Intelligence, debuting Googlebooks and XR glasses
Google announced its most significant strategic shift since the launch of Android. The company unveiled Gemini Intelligence ahead of the May 19 I/O developer...
Meta cuts 8,000 jobs, funding massive artificial intelligence expansion
Meta Platforms will lay off approximately 8,000 employees starting this week. This reduction represents about 10% of the company's total workforce. Management...
Meta slashes 8,000 jobs, launching 22,000-role reduction for AI shift
Meta prepares for a significant layoff round scheduled for May 20, 2026. This initial wave involves 8,000 job cuts. The company plans to eliminate 22,000 total...
Baidu Beats Q1 Profit Targets, as ERNIE Bot Offsets Revenue Miss
Baidu reported mixed first-quarter 2026 financial results before the U.S. market open. Earnings per share exceeded analyst expectations. This performance...
AT&T, T-Mobile, Verizon Launch Satellite Venture, Ending US Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture. The partnership aims to eliminate wireless coverage gaps across the...
AT&T, T-Mobile, Verizon Form Joint Venture, Ending Wireless Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture targeting U.S. wireless coverage gaps. The collaboration focuses on...
AT&T, Verizon, and T-Mobile partner on satellite tech, eliminating dead zones
AT&T, Verizon, and T-Mobile announced a new joint venture on May 15, 2026. The collaboration aims to eliminate mobile coverage dead zones through...
AT&T, Verizon, T-Mobile form satellite venture to eliminate dead zones
AT&T, Verizon, and T-Mobile formed a joint venture to accelerate direct-to-device (D2D) satellite technology. The partnership aims to eliminate mobile dead...
Alphabet Issues $40 Billion in Bonds, Funding AI Amid Sector Cash Crunch
Alphabet Inc. raised over $40 billion through a multi-currency bond issuance to finance expanding artificial intelligence initiatives. The Google parent...
AT&T, Verizon, T-Mobile form satellite alliance, targeting mobile dead zones
AT&T, Verizon, and T-Mobile US formed a joint venture to accelerate the direct-to-device (D2D) ecosystem. This collaboration creates a technology-neutral...
AT&T, T-Mobile, and Verizon form satellite venture, targeting dead zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture. The partnership aims to eliminate wireless dead zones across the United...
AT&T, T-Mobile, Verizon Unite to End Dead Zones, Countering Satellite Rivals
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture targeting wireless dead zones across the United States. The carriers will...
AT&T, T-Mobile, and Verizon form satellite venture, challenging SpaceX dominance
AT&T, T-Mobile, and Verizon formed a joint venture to standardize the direct-to-satellite phone market. This partnership ensures satellite services remain...
AT&T, T-Mobile, and Verizon Form Satellite Alliance, Targeting U.S. Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture aimed at eliminating U.S. wireless dead zones. The initiative utilizes...