Meta began laying off thousands of employees and reassigning thousands others to AI-focused roles, according to an internal memo and people familiar with the matter https://t.co/99HQpsm9lk ...

🚨 UPDATE: Meta is reportedly laying off around 8,000 employees, or roughly 10% of its workforce, as the company ramps up AI investments and restructuring efforts. https://t.co/95tQ8IM7K9 ...

>> WELCOME TO ANOTHER EPISODE OF BLOOMBERG DEALS, DEDICATED TO THE CORPORATE ACTION RESHAPING MARKETS. SPACEX REPORTS THE IPO COULD BE PUBLIC AS SOON AS TODAY. THE WORLD'S LARGEST PUBLIC COMPANY TARGETING UP TO $75 BILLION IN HIS LISTING AND EVALUATION OF MORE THAN $2 TRILLION.I WILL SIT DOWN WITH JEANS A LOT OF -- JEAN SALATA WILL BROADCAST INTERVIEW SINCE HIS APPOINTMENT AS EQT SHARE -- CHAIR. AND A $67 BILLION DEAL WE WILL ALSO TALK ABOUT BUT FIRST GOLDMAN SACHS READY TO HELP SPACEX BLASTOFF. THE BANK IS ...

Are OpenAI and Anthropic actually worth $1 trillion each. Well, soon Wall Street is going to find out. Both companies are courting investors for IPOs at valuations north of $800 billion.People really believed in this AI revolution, and they wanted to put their money to work behind it. The pitch, they're the next Microsoft, the next Google tech giants with pricing power that will last for decades. In the first quarter of this year, we saw if you were to annualize it 80x growth per year.But here's the problem ...

We knew that this was coming. This had been flagged. Bloomberg has reported on it, but this is the day when it happens.So, obviously, on a kind of personal level, a very significant for those employees affected at Meta. And coming just today, and we discussed this yesterday after Meta was looking to shift roles, about 7,000 roles and 7,000 workers into additional and different roles. Now they are starting to implement those previously flagged 8,000 job cuts, as you say, starting in Singapore, and those memo ...

Meta began laying off thousands of employees and reassigning thousands others to AI-focused roles, according to an internal memo and people familiar with the matter https://t.co/pvuLTAFPSm ...