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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 43 of 55
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.
NewslettersApple’s war with the EU heats up with new antitrust charges and an AI threat
By David MeyerJune 24, 2024
Frederic Arnault (C), son of French luxury group LVMH Chairman and CEO Bernard Arnault, and student of the Ecole Polytechnique (Special military school of Polytechnique), attends the preparation of the annual Bastille Day military parade on July 14, 2015 in Paris, France.
TechForget STEM. The head of Paris’s top tech university says the secret to France’s AI boom is a focus on the humanities
By Ryan HoggJune 24, 2024
People walking in the London Stock Exchange
TechNvidia single-handedly beats Europe’s biggest stock markets, Deutsche Bank finds, as London Stock Exchange chief says reform is on the way
By Prarthana PrakashJune 21, 2024
It’s starting to look like using smartphones in schools will be the new smoking in the bathroom
TechIt’s starting to look like using smartphones in schools will be the new smoking in the bathroom
By Sunny NagpaulJune 20, 2024
In this photo illustration, Kaspersky is displayed on a screen in Moscow, Russia on June 16, 2023.
NewslettersRussian antivirus vendor Kaspersky is reportedly facing a U.S. ban over national security fears
By David MeyerJune 20, 2024
The Adobe Creative Cloud app on a smartphone arranged in the Brooklyn borough of New York, US, on Friday, July 28, 2023.
NewslettersU.S. government assails Adobe for putting up ‘wholly unnecessary’ roadblocks when subscribers try to cancel
By David MeyerJune 18, 2024
Jeremy Siegel, Professor of Finance at the Wharton School
FinanceFOMO still ‘ruling the market,’ says Wharton’s Jeremy Siegel, as investors hold out for an elusive rate cut to boost prospects
By Eleanor PringleJune 18, 2024
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.
NewslettersMeta and Apple will likely be the first targets of Europe’s new antitrust powers
By David MeyerJune 17, 2024
Nvidia CEO Jensen Huang
SuccessNvidia CEO Jensen Huang says a Japanese gardener provided one of the most ‘profound learnings’ of his life: It’s why he can be on top of every detail at the $3.2 trillion chip giant
By Eleanor PringleJune 17, 2024
FTC Chair Lina Khan plans to go after Big Tech’s ‘mob boss’ instead of ‘the henchmen at the bottom’—targeting AI giants OpenAI, Microsoft, and Nvidia
TechFTC Chair Lina Khan plans to go after Big Tech’s ‘mob boss’ instead of ‘the henchmen at the bottom’—targeting AI giants OpenAI, Microsoft, and Nvidia
By Will DanielJune 14, 2024
U.S. Cyber Command Commander Gen. Paul Nakasone testifies during a House Select Committee focusing on China on Capitol Hill, Wednesday, Jan. 31, 2024, in Washington.
TechOpenAI just beefed up its security credibility thanks to its newest board member, who used to be a top U.S. cyberwarrior
By The Associated PressJune 14, 2024
Elon Musk laughing
NewslettersTesla stock soars as shareholders seemingly approve Elon Musk’s supersized pay package
By David MeyerJune 13, 2024
Elon Musk
NewslettersElon Musk’s big week gets even more hectic with EU tariff decision and sexual impropriety report
By David MeyerJune 12, 2024
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.
NewslettersApple’s big AI play should succeed in selling more iPhones
By David MeyerJune 11, 2024
Microsoft Gaming CEO Phil Spencer, pictured in 2017.
Newsletters‘We should have a handheld’—Microsoft Gaming CEO Phil Spencer hints at a new Xbox form factor
By David MeyerJune 10, 2024
Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division
NewslettersAI’s regulatory troubles pile up as U.S. prepares antitrust probes and activists target Meta over privacy
By David MeyerJune 6, 2024
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives at Gimpo International Airport in Seoul, South Korea, on Tuesday, Feb. 27, 2024.
NewslettersFTC claims Facebook withheld information when buying Instagram and WhatsApp
By David MeyerJune 5, 2024
Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024.
NewslettersIntel comes out swinging as AI PC market explodes
By David MeyerJune 4, 2024
Customers buy Pocket 2, a flagship mobile phone with foldable screen, at a Huawei store in Shanghai, China, February 25, 2024.
NewslettersFoldable phones are increasingly popular—and Samsung’s share of the market is dropping
By David MeyerJune 3, 2024
An AutoX robotaxi runs on a fixed route in Hangzhou in east China's Zhejiang province.
NewslettersWhy China’s robo-taxi hopefuls face a rough ride in the U.S.
By David MeyerMay 30, 2024
Google promises $2 billion investment in Malaysia as Big Tech splurges on Southeast Asia spending
TechGoogle promises $2 billion investment in Malaysia as Big Tech splurges on Southeast Asia spending
By Lionel LimMay 30, 2024
OpenAI CEO Sam Altman speaks to members of the media during the OpenAI DevDay event on November 06, 2023 in San Francisco, California.
NewslettersSam Altman’s reputation gets dragged further into the mud
By David MeyerMay 29, 2024
Google CEO Sundar Pichai and Apple CEO Tim Cook look on as India's Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of American and Indian companies, in the East Room the White House in Washington, DC, on June 23, 2023.
NewslettersBig Tech’s lobbyists sound alarm over Indian antitrust reform
By David MeyerMay 28, 2024
Nvidia’s 10-for-1 stock split confirms ‘Big Tech is going bite-sized’ to lure retail investors—and it might signal more market-beating returns, BofA says
FinanceNvidia’s 10-for-1 stock split confirms ‘Big Tech is going bite-sized’ to lure retail investors—and it might signal more market-beating returns, BofA says
By Will DanielMay 24, 2024
Arati Prabhakar
TechThe White House is pleading with Big Tech to shut off the firehose of sexually abusive AI deepfakes—’if you’re a teenage girl, if you’re a gay kid, these are problems that people are experiencing right now’
By The Associated Press, Matt O'Brien and Barbara OrtutayMay 23, 2024
South Korean President Yoon Suk Yeol
NewslettersChip-funding ‘warfare’ continues with South Korea’s $19 billion package
By David MeyerMay 23, 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.
NewslettersPrivacy regulators quiz Microsoft over Windows’ incoming Recall AI feature
By David MeyerMay 22, 2024
U.K. Prime Minster Rishi Sunak
TechTech companies have agreed to an AI ‘kill switch’ to prevent Terminator-style risks
By Dylan SloanMay 21, 2024
HP OmniBook X AI PC
NewslettersMicrosoft’s Copilot+ push could be a pivotal moment in the story of the PC
By David MeyerMay 21, 2024
Jamie Dimon
FinanceTop-ranked analyst declares JPMorgan ‘the Nvidia of banking’ after it spends $17 billion on tech in a single year
By Amanda GerutMay 20, 2024
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