Jun 14, 2026
Bay Area Tech Layoffs Hit 9,284 in 2026, Already Topping H1 2025
Bay Area tech companies have cut 9,284 jobs so far in 2026, already surpassing the roughly 4,700 cuts from the first half of 2025. The latest wave includes 370 positions across ServiceNow, Salesforce, Ubisoft, Quizlet, and Verily Health.
Jun 14, 2026
Meta Engineers Call AI Unit a ‘Gulag’ as Zuckerberg Admits Mistakes
Meta funneled 6,500 engineers into a new Applied AI unit three months ago. Now workers call it 'the gulag,' a livestream was hijacked by a furious employee, and Mark Zuckerberg is in damage-control mode, admitting the company made mistakes and ruling out more layoffs for 2026.
Jun 9, 2026
AI Drives 40% of US Job Cuts in May as 97,000 Positions Eliminated
AI was cited as the primary reason for 40% of all US job cuts in May 2026, according to the Challenger Report, with 97,006 positions eliminated overall. A separate Mercer survey found 99% of CEOs expect AI-driven layoffs within two years, as the technology sector alone shed 38,242 jobs — the highest monthly total since August 2024.
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May 28, 2026
Anthropic Revenue Hits $45B ARR, Surpasses OpenAI by 35% Ahead of IPOs
Anthropic's annualized revenue has reached nearly $45 billion — 35% higher than OpenAI's $33 billion ARR — as both companies race toward IPOs later this year. The revenue gap comes alongside Anthropic's first-ever quarterly operating profit of $559 million.
May 21, 2026
Anthropic Hits First-Ever Profit as Revenue Doubles to $10.9B
Anthropic is on track for its first quarterly operating profit in company history, projecting $10.9 billion in Q2 2026 revenue — more than double the prior quarter — with $559 million in operating income. The milestone comes as the startup commits $1.25 billion monthly to SpaceX for AI compute through 2029.
May 2, 2026
OpenAI Shares ChatGPT User Data With Advertisers as EU Expansion Begins
OpenAI updated its U.S. privacy policy to share free users' data with advertisers and enable marketing cookies by default. A conversion tracking pixel with EU consent management signals an imminent European ad rollout. Here's what builders need to know about the data boundary shifts.