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Meta, Microsoft look to trim workforces amid heavy AI spending
Meta, Microsoft look to trim workforces amid heavy AI spending

Meta told personnel in an internal memo on Thursday that it planned to cut 10% of workers.

By Kurt Wagner, Brody Ford and BloombergApril 23, 2026
A trader works at the New York Stock Exchange in New York on April 22, 2026.
Stocks retreat from record highs as Tesla weighs on Wall Street and oil jumps on Iran uncertainty
By Stan Choe and The Associated PressApril 23, 2026
altman
OpenAI releases GPT-5.5 amid a shift to rapid-fire AI updates
By Sharon GoldmanApril 23, 2026
ServiceNow CEO Bill McDermott, wearing a casual jacket over a tope shirt and sporting sunglasses, raises his arms in a shrug-like gesture.
Investors continue to punish ServiceNow despite strong earnings and CEO McDermott’s forecast of blistering growth in AI product sales
By Jeremy KahnApril 23, 2026
Tech leaders, Donald Trump, and Melania Trump sit at a table.
Big Tech is spending $226,000 a day on lobbying Congress, advocacy group finds
By Jacqueline MunisApril 23, 2026
jensen huang
Nvidia CEO Jensen Huang says you won’t lose your job to AI—you’ll lose it to your coworker who uses it
By Jake AngeloApril 22, 2026
Latest Stories
President Donald Trump
EconomyPeople living in the U.S. with temporary protected status, targeted by Trump, are a $29 billion economic force
By Tristan BoveApril 23, 2026
Esther, Janet, Susan, and Anne Wojcicki stand in formal dresses and pose.
Success‘Godmother of Silicon Valley’ Esther Wojcicki, mother of the YouTube and 23andMe CEOs, shares her secret to raising future leaders 
By Jacqueline MunisApril 23, 2026
Pope Leo says he carries a photo of a slain Muslim boy in his pocket: ‘I cannot be in favor of war’
PoliticsPope Leo says he carries a photo of a slain Muslim boy in his pocket: ‘I cannot be in favor of war’
By Nicole Winfield and The Associated PressApril 23, 2026
‘It was like this little gift that fell in my lap’: Millions of Americans may soon discover they’ve been Canadian all along
North America‘It was like this little gift that fell in my lap’: Millions of Americans may soon discover they’ve been Canadian all along
By The Associated Press and Sarah RazaApril 23, 2026
trump
EnergyTrump’s strategy for a mined-shut Strait of Hormuz: appease Joe Rogan with psychedelics and weed
By Nick LichtenbergApril 23, 2026
David Ellison smiles
Arts & EntertainmentParamount’s $81 billion Warner Bros mega merger moves closer to becoming a reality as shareholders approve deal
By Wyatte Grantham-Philips and The Associated PressApril 23, 2026
A man walks on a patch of land that is dried and cracked
EnvironmentThe world has entered a ‘global water bankruptcy,’ but markets are mispricing water as drought costs rise to $307 billion annually, analysts warn
By Sasha RogelbergApril 23, 2026
desantis
Workplace Culture‘The disfavored groups, No. 1, obviously, would be white males’: Ron DeSantis is still signing anti-DEI legislation
By Mike Schneider and The Associated PressApril 23, 2026
More Big TechPage 42 of 55
A man in a white sweater on the floor of the New York Stock Exchange puts his left hand over his face, pushing his glasses above his eyes. His right hand remains on his mouse amidst a background of many monitors and keyboards.
Finance‘Magnificent Seven’ stocks shed over $600 billion during selloff—Nvidia hit hardest
By Greg McKennaAugust 5, 2024
A trader on the floor of the New York Stock Exchange looks intently, mouth open, at his monitors with his hand out, apparently communicating to a man on his left.
FinanceStock market pulls back from the brink, analyst blames crash on August jitters
By Greg McKennaAugust 5, 2024
Pat Gelsinger, chief executive officer of Intel Corp., holds a wafer as he speaks at the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.
NewslettersA decade ago, Intel was also in the midst of a PC revival. Here’s why it’s doing worse in this one
By David MeyerAugust 5, 2024
Worried stock trader on the phone
TechAI bubble: Tech stocks plummet with another potential 25% drop, analysts warn
By Paolo ConfinoAugust 2, 2024
Apple CEO Tim Cook speaks on stage, his right index finger raised in the air
FinanceWhy Apple and other tech giants turned to dividends — ‘They’ve won’
By Greg McKennaJuly 31, 2024
woman in a white bikini working with a laptop at Patata beach on October 03, 2015 in La Passe, La Digue, Seychelles
LeadershipAn AI-dominated future with no jobs could be a dream or a nightmare
By Geoff ColvinJuly 27, 2024
Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Veltins Arena on July 17, 2024 in Gelsenkirchen, Germany.
NewslettersThe fight against nonconsensual sexual deepfakes is slowly getting somewhere
By David MeyerJuly 25, 2024
Vice President Kamala Harris speaking at a podium
PoliticsBox CEO says to back Kamala Harris he’ll need to see ‘a 10-point plan for pro-business, pro-tech, pro-entrepreneurship’ 
By Paolo ConfinoJuly 24, 2024
Silicon Valley is divided over the election. Here’s which tech titans support Donald Trump—and which ones are pulling for Kamala Harris
LeadershipSilicon Valley is divided over the election. Here’s which tech titans support Donald Trump—and which ones are pulling for Kamala Harris
By Lila MacLellanJuly 24, 2024
An Apple store in Shanghai, China, on July 22, 2024.
NewslettersApple’s folding iPhone plans are getting serious
By David MeyerJuly 24, 2024
In this photo illustration, the Google logo is displayed on a smartphone screen.
NewslettersGoogle’s cookie plan crumbles after regulators and advertisers refuse to bite
By David MeyerJuly 23, 2024
Then-California Attorney General Kamala Harris (R) and Facebook COO Sheryl Sandberg stand on stage during a Safer Internet Day event at Facebook headquarters on February 10, 2015 in Menlo Park, California.
NewslettersKamala Harris said Big Tech was her ‘family’—but she wants more regulation of AI, antitrust, and privacy
By David MeyerJuly 22, 2024
Donald Trump and Joe Biden, pictured at their June debate.
NewslettersTrump, Biden, and AI send chip shares on a wild ride
By David MeyerJuly 18, 2024
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company event on AI technologies in Jakarta, Indonesia, on Tuesday, April 30, 2024.
NewslettersBig AI’s ‘reverse acqui-hire’ deals get more scrutiny in the U.K. and U.S.
By David MeyerJuly 17, 2024
Dell employees torpedoed the company’s annual report card after it withheld remote workers’ promotions and tracked attendance
SuccessDell employees torpedoed the company’s annual report card after it withheld remote workers’ promotions and tracked attendance
By Chloe BergerJuly 16, 2024
Wiz CEO Assaf Rappaport and Thrive Capital's Philip Clark appear at Fortune Brainstorm Tech in Park City, Utah, on Monday July 15th, 2024.
NewslettersThe security company that Alphabet may buy for $23 billion launched at the perfect time
By David MeyerJuly 16, 2024
A screen grab captured from a video shows Republican presidential candidate former President Donald Trump appears to be injured after gunshots were reported as he is rushed offstage during a rally on July 13, 2024 in Butler, Pennsylvania.
NewslettersConspiracy theories are unavoidable following the Trump shooting. But social media firms are making things worse
By David MeyerJuly 15, 2024
WASHINGTON, DC - SEPTEMBER 11: Sen. Ron Wyden (D-OR) speaks with reporters in the Senate subway at the U.S. Capitol on September 11, 2023 in Washington, DC.
RegulatorsTech’s war for AI talent is creating a ‘massive consolidation’ problem, lawmakers say
By Matt O'Brien, Sarah Parvini and The Associated PressJuly 12, 2024
EU antitrust chief Margrethe Vestager talks to media about 'Apple Pay' in the Berlaymont, the EU Commission headquarters on July 11, 2024 in Brussels, Belgium.
NewslettersApple loosens its grip on iPhone payments to end EU antitrust case
By David MeyerJuly 11, 2024
Microsoft CEO Satya Nadella (R) greets OpenAI CEO Sam Altman during the OpenAI DevDay event on November 06, 2023 in San Francisco, California.
NewslettersIt’s for the best that Microsoft and Apple won’t be observing OpenAI’s board meetings
By David MeyerJuly 10, 2024
The Xandr Inc. logo is seen on a smartphone screen.
NewslettersMicrosoft ad-tech subsidiary is breaking EU law—and not doing right by advertisers, privacy activists claim
By David MeyerJuly 9, 2024
Christophe Fouquet, the new chief executive officer of ASML Holding NV.
NewslettersChina’s production of boring chips is getting exciting
By David MeyerJuly 8, 2024
Nvidia will win the race to a $4 trillion market cap—but the long-term Big Tech battle might be different, experts say
FinanceNvidia will win the race to a $4 trillion market cap—but the long-term Big Tech battle might be different, experts say
By Will DanielJuly 7, 2024
Apple fellow Phil Schiller
NewslettersOpenAI’s reported decision to let Apple sit in on its board meetings is very revealing
By David MeyerJuly 3, 2024
Families of victims and survivors of the October 7 attack on the Nova concert in southern Israel attend a musical memorial event in Tel Aviv on June 27, 2024, amid the ongoing in conflict in the Gaza Strip since the 2023 attacks between Israel and Hamas militants.
NewslettersMeta reverses policy on a controversial Arabic term as the Israel-Gaza war continues to spark Big Tech debates
By David MeyerJuly 2, 2024
Mark Zuckerberg, CEO of Meta
NewslettersEurope’s privacy laws put Meta in a tight spot. Now its antitrust laws are going in for the kill
By David MeyerJuly 1, 2024
Temu on App Store displayed on a phone screen is seen in this illustration photo taken in Poland on June 5, 2024.
NewslettersAmazon is about to take on Temu and Shein by copying them
By David MeyerJune 27, 2024
02 May 2024, Berlin: People stand around the Cybertruck at the launch of "The Cyber Odyssey" at the Mall of Berlin.
NewslettersAfter 4 Cybertruck recalls in 5 months, Elon Musk’s Tesla may soon lose more of its luster
By David MeyerJune 26, 2024
An image of a woman holding a cell phone in front of the MTV logo displayed on a computer screen, on April 29, 2024, in Edmonton, Canada.
NewslettersThe internet’s memory is under threat
By David MeyerJune 25, 2024
AI could kill creative jobs that ‘shouldn’t have been there in the first place,’ OpenAI’s CTO says
TechAI could kill creative jobs that ‘shouldn’t have been there in the first place,’ OpenAI’s CTO says
By Sydney LakeJune 24, 2024
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