Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger
A smart call and win for shareholders.Daniel Strauss /@danielstrauss:“Substantial layoffs seem certain, but cost cutting alone won't make the operation into the sort of entertainment powerhouse that c...
Block's plan to lay off over 4,000 employees, citing AI work automation, adds to growing angst among white-collar workers over AI's potential for job disruption
Layoffs at Block add to growing backlash bubbling up across American companies; ‘It brings out the pitchforks’
eBay says it plans to cut ~800 jobs, or ~6% of its full-time employees, after laying off ~500 people in early 2023 and ~1,000 staff in early 2024
EBay Inc. is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities.
Imagining an AI-driven “2028 Global Intelligence Crisis”: as white-collar layoffs grow, the human-centric consumer economy withers and the social fabric frays
A Thought Exercise in Financial History, from the Future — Preface — What if our AI bullishness continues to be right …
Imagining an AI-driven “2028 Global Intelligence Crisis”: as white-collar layoffs grow, the human-centric consumer economy withers and the social fabric frays
A Thought Exercise in Financial History, from the Future — Preface — What if our AI bullishness continues …
Sam Altman says currently “the idea of putting data centers in space is ridiculous” and that it is “not something that's going to matter at scale this decade”
cites high failure rates and cost as primary limitersAJ Dellinger /Gizmodo:Sam Altman says there is some “AI washing”, where companies blame AI for layoffs that they would otherwise do, alongside “rea...
Sam Altman says there is some “AI washing”, where companies blame AI for layoffs that they would otherwise do, alongside “real displacement by AI” of some jobs
Hold up, let him cook. — Sam Altman is starting to get the sneaking suspicion that companies might …
Block employees describe a deteriorating culture, as morale plunges amid rolling layoffs and Jack Dorsey pushes generative AI tools to maximize productivity
Workers describe a deteriorating culture at Block, the company behind Square and Cash App, where layoffs continue and employees are expected to use AI tools daily.
Workers describe a deteriorating culture at Jack Dorsey's Block as morale plunges amid rolling layoffs and a push to use AI tools to improve productivity
Workers describe a deteriorating culture at Block, the company behind Square and Cash App, where layoffs continue and employees are expected to use AI tools daily.
Gemini exits the UK, the EU, and Australia, and cuts 25% of its staff; the crypto exchange is refocusing on the US as “foreign markets have proven hard to win”
Quick Take — Gemini links its latest layoffs to a push for a leaner, more automated operating model, saying increased use of AI lets it run faster with fewer staff.