Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 19%+ in extended trading
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount. The stock skyrocketed more than 24% in extended trading.
Tencent-owned Finnish video game maker Supercell reports 2025 revenue down 4% YoY to €2.65B, EBITDA up 6% YoY to €932M, and 290M monthly active players
Headcount grew 30% reaching 890 employees globally, developer contributed €220 million to Finnish economy
TeamLease Digital: Global Capability Centers in India have grown tech headcount to ~2M from 1.2M in 2022, rising 18%-27% YoY, compared to 4%-6% at IT companies
Tanya Pandey / The Economic Times :
Xpheno: Meta, Amazon, Apple, Microsoft, Netflix, Google, and their affiliates grew their combined India headcount by 16% over the past year, adding 28K+ jobs
Despite global layoffs, FAAMNG companies are expanding their India headcount, growing by 16% in the past year, driven by demand for AI, cloud, and cybersecurity skills.
In a memo, Satya Nadella addresses the “enigma” of layoffs while “Microsoft is thriving”, saying the transition into the AI era “might feel messy at times”
Satya Nadella, Chairman and CEO … Edwin Evans-Thirlwell / Rock, Paper, Shotgun : Dear Microsoft CEO Satya Nadella, please prove that an AI didn't write your insulting, vacuous blog about why you're la...
A look at Silicon Valley's “botscaling” era, where startups brag about high revenue per employee and low headcount, after “blitzscaling” from 2012 to 2023
You can get an AI to write the code, come up with marketing copy and role play as your customer. — Compelling pitch but where are the success stories? Forums: Hacker News : AI is ushering in a ‘tiny...
Microsoft says it will lay off 6,000 staff in a bid to cut management layers, including at LinkedIn; Microsoft had 228K staff in June 2024 and cut 10K in 2023
Planned reductions across the company amount to less than 3% of total headcount, a spokesperson said.
How “AI-native” startups, which integrate AI into their workflows and team structures, are trying to scale faster with fewer employees and consolidate tasks
The most novel idea is that you don't have to hire as many specialists like designers & coders because PMs can vibe code to prototype features. … LinkedIn: Hunter Walk : Scott Belsky was one of my fir...
OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025
12 Days of OpenAI: Day 12 Naomi Li Gan / Tech in Asia : OpenAI unveils AI model for advanced reasoning Bojan Stojkovski / Interesting Engineering : OpenAI unveils o3 reasoning AI model to tackle compl...