Meta freezes 6,000 open roles and plans 8,000 layoffs
Meta is planning to cut 10% of its workforce, or 8,000 employees, and freeze 6,000 open roles starting May 20, according to reports.
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390 storiesMicrosoft offers voluntary retirement buyouts to U.S. staff
Microsoft is offering voluntary retirement buyouts to up to 7% of its U.S. workforce, marking the first such program in the company's 51-year history.
Tesla revokes Musk's $29 billion interim pay package
Tesla has revoked Elon Musk’s $29 billion interim pay package, citing a "no double dip" policy following the restoration of his original $56 billion 2018 compensation award.
Tesla to boost 2026 capital spending to $25 billion
Tesla plans to increase 2026 capital expenditures to $25 billion as it pivots toward AI and robotics, despite expecting negative free cash flow for the year.
Tesla revenue rises as company pivots to AI and robotics
Tesla reported $22.38 billion in Q1 revenue and positive free cash flow, even as it faces lagging EV sales and prepares for an awkward and potentially financially painful transition.
Rituals confirms data breach of customer membership records
Cosmetics giant Rituals has confirmed a data breach involving an unauthorized download of membership data, affecting customers across Europe, the U.K., and the U.S.
Redwood Materials cuts 10% of staff in restructuring
Redwood Materials has laid off around 135 employees, or roughly 10% of its workforce, to restructure its operations and prioritize its growing energy storage business.
Apple CEO Tim Cook to step down after 15 years
Tim Cook will step down as Apple CEO on September 1, 2026, with hardware engineering chief John Ternus set to take over the $4 trillion company.
John Ternus faces a complex transition as Apple's new CEO
Incoming CEO John Ternus inherits a complex landscape at Apple, including antitrust litigation, geopolitical tensions, and the unresolved challenge of integrating AI into the company's ecosystem.
Amazon taps Einride to electrify heavy-duty freight operations
Einride is deploying 75 electric heavy-duty trucks and charging infrastructure to Amazon’s Relay freight network in the United States, managed by its Saga AI software.
Revolut targets $150B-$200B valuation for eventual IPO
Revolut is reportedly targeting a market cap of up to $200 billion for an eventual IPO, with a secondary share sale planned for the second half of 2026.
Apple names John Ternus as next CEO starting September 1
Tim Cook will hand off the Apple CEO role to John Ternus, the company’s current senior vice president of hardware engineering, starting on September 1.
Apple CEO Tim Cook to step down, John Ternus named successor
Tim Cook will step down as Apple CEO on September 1, with hardware engineering chief John Ternus taking the top role as Cook transitions to executive chairman.
Uber shifts to asset-heavy strategy with $10 billion investment
Uber has committed more than $10 billion to autonomous vehicle technology and equity stakes, signaling a strategic shift toward an asset-heavy business model.
Fusion startups face divide over early public market entry
TAE Technologies and General Fusion are pursuing public listings, sparking industry debate over whether fusion startups should go public before achieving key scientific milestones.
Ron Conway to reduce activity following cancer diagnosis
Ron Conway has been diagnosed with a rare form of cancer and will reduce his activities, though SV Angel operations will continue unchanged under his sons' leadership.
Cerebras Systems files for IPO after previous attempt withdrawn
Cerebras Systems has filed for an IPO planned for mid-May, following a previous attempt withdrawn due to a federal review of an investment from Abu Dhabi-based G42.
Airwallex and Stripe are now direct competitors
Airwallex, which rejected a $1.2 billion acquisition offer from Stripe, is now scaling its infrastructure to compete directly with the payments giant across 50 markets.
Netflix reports strong growth as Reed Hastings exits board
Netflix co-founder Reed Hastings will leave the board in June as the company reports strong financial growth and an expansion into generative AI.
Amazon-backed X-energy files for IPO to raise up to $800 million
X-energy has begun its investor roadshow for an IPO, targeting a listing that could net about $814 million if priced at the high end.