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Sam Altman Just Offered Every YC Startup $2M in OpenAI Tokens. Here's What That Trade Actually Costs.
OpenAI is writing equity checks to 169 startups simultaneously, but not in cash. The structure is clever, the math favors OpenAI, and the risks for founders are real.
Wix Stock Price Tanks 50% as Company Announces 1,000-Employee Layoff
The website builder's AI bet turned expensive fast. Investors aren't waiting to see how it plays out.
Meta Lays Off 8,000 Employees as Zuckerberg Bets the Company on AI
The company's biggest companywide cuts since 2022 hit integrity, cybersecurity, and design teams - while 7,000 workers get redirected into AI roles.
Wix Plans Its Largest Layoffs Ever as AI Costs and Losses Mount
The website-builder giant is cutting up to 1,000 jobs - about 20% of its workforce - after a quarter that delivered losses alongside revenue growth and operating expenses that surged 50% year-over-year.
ClickUp Cuts 22% of Staff and Offers $1M Salaries to Those Who Stay
CEO Zeb Evans is calling it the '100x org.' Fire nearly a quarter of the company, pay the survivors up to $1 million in cash, and let 3,000 AI agents pick up the rest.
Intuit Layoffs 2026: 3,000 Jobs Cut as TurboTax Maker Bets Big on AI
CEO Sasan Goodarzi's internal memo points to AI as the reason. The real picture is more complicated.
Cisco Cuts 4,000 Jobs on the Same Day It Posts $15.8B Record Revenue
The networking giant is eliminating under 5% of its workforce while reporting its best quarterly numbers ever, calling the layoffs a strategic bet on AI, silicon, and optics - not a cost-cutting play.
Claude Helped Recover $400K in Bitcoin Locked in a Forgotten Wallet for 11 Years
A pseudonymous X user credited Anthropic's AI with solving a technical wallet recovery problem that defeated brute-force tools and professional services for over a decade.
LinkedIn Cuts Nearly 900 Jobs Despite 12% Revenue Growth
The Microsoft-owned platform is restructuring teams around profitability and growth priorities - even as its business accelerates.
GM Cuts More Than 600 IT Jobs in a Deliberate AI Skills Swap
The Detroit automaker eliminated over 10% of its global IT workforce on May 11, replacing conventional tech roles with positions focused on AI-native development, agent engineering, and cloud infrastructure.
OpenAI Launches Daybreak, Its Bet on AI-Native Cyber Defense
The initiative combines GPT-5.5, Codex Security, and a network of over 20 security partners to embed vulnerability detection directly into software development.
OpenAI Let 600 Employees Cash Out $6.6 Billion in a Single Day
A WSJ report reveals the October 2025 secondary share sale averaged $11 million per person - one of the largest employee tender offers in tech history.
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