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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Apr 29, 2026
Elon Musk Seeks Sam Altman's Removal in High-Stakes OpenAI Court Battle
Elon Musk takes OpenAI's Sam Altman to court, alleging Altman veered OpenAI away from its nonprofit roots. Musk claims theft, aiming to restore the company's original mission. With OpenAI now valued at $852 billion, Musk's legal fight spotlights massive stakes.
Apr 27, 2026
China Blocks Meta's $2 Billion Manus Acquisition Amid AI Tensions
China's National Development and Reform Commission has blocked Meta's $2 billion acquisition of Manus, citing concerns over foreign investment and tech export controls. The move adds to the ongoing US-China tech tension, even as Manus relocated to Singapore and claimed significant revenue and AI capabilities.
Apr 24, 2026
Tesla's Mag 7 Status in Jeopardy: Underperformance and High Valuation
Tesla's high valuation and poor Q1 results have put its Magnificent Seven status in question. Trading at 183 times forward earnings, Tesla grapples with declining vehicle deliveries and energy storage issues. As innovations in robotics and AI take center stage, investors face a risky bet on Tesla's future promises.