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Volkswagen Plans to Cut 100,000 Jobs and Close Four Plants in the Biggest Overhaul in Its History
CEO Oliver Blume is targeting a workforce reduction twice the size of the existing plan, four German factory shutdowns, and a full structural breakup of the VW Group — as tariffs and Chinese competition hollow out the margins that built the company.
Oracle's 10-K Confirms It: 21,000 Jobs Gone, and AI Is the Stated Reason
The company's annual SEC filing puts a number on a year of cuts, and says plainly that AI adoption is why the workforce shrank.
Xbox Layoffs Are Coming in July as New CEO Declares a Division-Wide Reset
Asha Sharma's blunt internal memo reveals a 3% profit margin, $500 million in lost revenue, and a studio system that overextended itself chasing too many strategies at once.
SpaceX's IPO Is Making 4,400 Employees Millionaires. AI Startup Workers Are Paying Attention.
The largest IPO in history closed at a $1.77 trillion valuation. The real story isn't Elon Musk becoming a trillionaire. It's what happens when a company builds its entire workforce on the promise that equity is the paycheck.
Shopee Cuts 8% of Its Developers as AI Job Losses Hit Southeast Asia's Biggest E-Commerce Platform
Sea Limited is profitable, growing, and still cutting engineers. That combination is the story worth watching.
SpaceX IPO Crowns Elon Musk as the World's First Trillionaire
SPCX debuted on Nasdaq at $150 per share on June 12, 2026, pushing Musk's net worth past $1.1 trillion in the largest public offering in history.
Claude Fable 5 Is Here: Anthropic's Most Powerful Model Now Available to Everyone
After two months of restricted access through Project Glasswing, Anthropic is handing its frontier Mythos-class intelligence to any developer with an API key.
Google Cuts Cloud and Cybersecurity Teams to Fund AI Push
Employees at Google's Threat Intelligence Group and Mandiant were among those laid off as the company redirects resources toward AI infrastructure.
GitLab Cuts 14% of Staff as It Rebuilds for the Agentic Era
The DevOps platform is exiting 22 countries and rebuilding git from scratch - even as revenue climbs 23% year-over-year.
Uber Cuts 23% of People Division in New President's First Major Move
Jill Hazelbaker, three weeks into her expanded role as Uber's president, is eliminating nearly a quarter of the HR and recruiting function she now oversees.
Claude Opus 4.8 Arrives With Stronger Agentic Coding, Dynamic Workflows, and a Cheaper Fast Mode
Anthropic ships Opus 4.8 at the same price as Opus 4.7, with benchmark gains over GPT-5.5, a new multi-agent feature for Claude Code, and a 3x cheaper fast mode.
Meta Launches Paid Subscriptions for Instagram, Facebook, and WhatsApp
The social network rolls out Plus tiers globally, then begins testing creator, business, and AI plans under a new Meta One umbrella brand
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