MiniMax CEO Yan will forgo his salary until the company achieves AGI, pledging 4% of his shares to employees and 1% to open-source communities. This follows an 80% stock plunge after a lock-up period expired.
Meta CEO Mark Zuckerberg admitted "mistakes" in the company's AI transformation in an internal memo, promising no more company-wide layoffs this year but cautioning that external factors could change this. The memo acknowledged employee anger over recent job cuts and restructuring, particularly the "managers managing managers" purge and the mandatory reassignment of 7,000 employees to AI roles.
Meta's CTO Andrew Bosworth admits the company did an 'atrocious' job launching its AI division, causing low morale among engineers. Plans to revamp culture include better communication, career growth, and improved work environment.
The IRS has received special permission to quickly hire 8,000 employees by September due to significant staff reductions. A memo revealed the agency sought expedited hiring authority, indicating a critical need despite public assurances of maintained services.
Xpeng founder He will personally lead the company's robotics department as it approaches mass production and commercialization. This move highlights the urgency of Xpeng's diversification strategy.
Meta is scaling back its AI data tracking tool, the Model Capability Initiative (MCI), after significant employee backlash. New controls allow employees to pause data collection and request exemptions, addressing concerns about privacy, battery life, and control.
Meta is reducing its employee computer activity tracking for AI training after staff backlash. New controls allow employees to pause data collection and request exemptions.
The US State Department plans to reduce visa processing at its embassies and consulates in Africa from nearly 50 to 20 locations in the coming weeks, with the change expected in June. This move is part of the Trump administration's broader effort to limit immigration.
The US State Department plans to cut visa processing at its African embassies and consulates from nearly 50 to 20 hubs in the coming weeks, with changes expected in June. This move is part of the Trump administration's broader effort to limit immigration and crack down on visa overstays.
Microsoft consumer chief marketing officer Yusuf Mehdi is leaving after 35 years, announcing his departure in an internal memo. He will work through the next fiscal year, ending June 2027, focusing on Windows reimagining, Microsoft 365 growth, and the One Copilot vision.
Yusuf Mehdi, a 35-year Microsoft veteran and executive vice president, announced his departure. He will focus on marketing Windows, Copilot, and Microsoft 365 consumer products until 2027 before leaving next year. Mehdi's exit follows other veteran executives leaving the company.
Meta is cutting roughly 8,000 employees—10% of its workforce—on May 20, with another 6,000 open roles being closed. The announcement, made via an internal memo from chief people officer Janelle Gale, has sent workers into a monthlong limbo. Employees are flooding internal forums and the anonymous app Blind with anxiety, dark humor, and resignation. The layoffs are tied to Meta's aggressive AI spending, projected at up to $135 billion this year.
Meta plans to cut 10% of its workforce, approximately 8,000 employees, and will not fill 6,000 open positions, according to an internal memo viewed by Bloomberg. The layoffs will begin May 20, per the memo from Chief People Officer Janelle Gale.
OpenAI's chief revenue officer has launched a sharp critique of rival Anthropic, questioning its revenue accounting, compute strategy, and company philosophy. The internal memo highlights concerns over Anthropic's reported revenue surge, suggesting it's inflated by $8 billion due to accounting practices.
Microsoft is preparing to respond to growing concerns regarding the pricing of its popular Game Pass subscription service.
OpenAI's revenue chief, Denise Dresser, emphasized the company's strategic alliance with Amazon Web Services as a key driver for its enterprise business, while noting limitations imposed by its long-standing partnership with Microsoft. The memo signals a push to meet enterprise clients on platforms like AWS Bedrock, amid intense competition from rivals Anthropic and Google.
