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Mark Zuckerberg tells staff that AI agents haven't progressed enough
20 days ago
- Meta's AI agent development pace has not accelerated as expected, despite workforce reassignments to AI groups.
- CEO Mark Zuckerberg acknowledged that recent job cuts, involving layoffs and reassignments, were not executed cleanly.
- Zuckerberg expressed concerns about adapting quickly to tech industry changes, driving the restructuring.
- The anticipated benefits of Meta's AI-focused structure have not yet materialized, though improvements are expected within 3-6 months.
- Meta's AI unit has been described negatively by some engineers as a demanding environment.
- Meta plans significant investment in AI infrastructure, with spending potentially reaching $145 billion this year.
Microsoft cuts 4,800 jobs, many at Xbox in a 'reset' of its gaming division
19 days ago
- Microsoft announces 4,800 job cuts (2.1% of global workforce), including 1,600 at Xbox.
- Xbox CEO Asha Sharma cites unhealthy business margins and a 'hardware crisis' due to rising console costs.
- An additional 1,600 job cuts are expected this fiscal year; four game development studios are being spun off.
- The layoffs follow Microsoft's $69 billion Activision Blizzard acquisition, which failed to meet growth expectations.
- Microsoft's chief people officer states the cuts are not being replaced by AI and are linked to changing customer needs.
Volkswagen planning to cut up to 100.000 jobs globally
12 days ago
- Volkswagen CEO confirms plans to cut up to 100,000 jobs globally, doubling earlier estimates.
- Profits fell sharply from €22.6bn in 2023 to €8.9bn last year due to sales declines in China and the US, and competition from Chinese brands.
- The company faces 20% higher costs than rivals and is assessing the necessity and feasibility of adjustments across all brands and regions.
- Four German factories, including electric car plants in Zwickau and Emden, are under threat due to high operating costs.
- Previous agreement with IG Metall aimed to cut 50,000 jobs by 2030, but new plans are more extensive, sparking protests and negotiations.
Phone maker OnePlus says it won't release new phones in the U.S. and Europe
9 days ago
- OnePlus announced it will not launch new products in Europe and North America, though user rights and support will continue.
- Reports indicate OnePlus is winding down operations in the U.S., Europe, and India due to market challenges and a corporate restructuring at parent company Oppo.
- Founded in 2013 to offer affordable Android phones, OnePlus expanded globally but faces declining smartphone shipments and increased flagship prices.
- Analytics predict a 13% decline in smartphone shipments in 2026 due to chip shortages, with Oppo experiencing significant shipment drops.
- OnePlus will focus on the Chinese market, while Realme phones will be sold abroad in successful regions like the Nordic area.
Is this the end of the once-mighty GoPro?
11 days ago
- Founder Nicholas Woodman extended a $20 million loan at 6.5% interest to support GoPro while seeking a buyer.
- GoPro's Q1 2026 revenue dropped 26% year-on-year, with camera unit sales down 29%.
- The company is reviewing strategic alternatives and announced a pro-grade action camera trio (Mission 1, Pro, Pro ILS).
- GoPro is exploring aerospace and defense opportunities, with cameras used in NASA's Artemis II mission.
- Facing competition from Insta360, GoPro recently lost a patent battle.
- Restructuring plans include cutting 23% of global staff by end-2026, and a potential takeover is anticipated.

corporate restructuring

Mark Zuckerberg tells staff that AI agents haven't progressed enough

Microsoft cuts 4,800 jobs, many at Xbox in a 'reset' of its gaming division

Volkswagen planning to cut up to 100.000 jobs globally

Phone maker OnePlus says it won't release new phones in the U.S. and Europe

Is this the end of the once-mighty GoPro?