GM is laying off about 500 to 600 salaried IT workers, mainly in Austin, Texas, and Warren, Michigan, as it restructures its technology organization and trims costs. "GM is transforming its Information Technology organization to better position the company for the future. As part of that work, we have made the difficult decision to eliminate certain roles globally. We are grateful for the contributions of the employees affected and are committed to supporting them through this transition," the automaker said in an emailed statement. CNBC reports: GM reported employing about 68,000 salaried workers globally as of the end of last year, including 47,000 white-collar employees in the U.S. Despite Monday's cuts, GM still is still hiring IT workers. The company has 82 open IT positions that include positions working in artificial intelligence, motorsports and autonomous vehicles, according to the automaker's careers website.

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This week Amazon opened up its parcel shipping, fulfillment, and distribution "to businesses of all types and sizes." Any business can now ship, store, and deliver "using the same supply chain that supports Amazon," according to Monday's announcement of "Amazon Supply Chain Services." The move sent shares of UPS and FedEx "tumbling" Monday writes GeekWire. And though both stocks bounced back as the week went on, GeekWire sees this as the latest example of Amazon "turning its internal capabilities into products and services for sale..." "Amazon had already surpassed both carriers to become the nation's largest parcel shipper by volume, according to parcel-analytics firm ShipMatrix." Initial customers include Procter & Gamble, which is using Amazon's freight network to transport raw materials; 3M, which is using it to move products to distribution centers; Lands' End, which is fulfilling orders across sales channels from Amazon's warehouses; and American Eagle Outfitters, which is using Amazon's parcel service for last-mile delivery. The service can fulfill orders placed through platforms that compete with Amazon's own marketplace, including Walmart, Shopify, TikTok, and others... Peter Larsen, vice president of Amazon Supply Chain Services, compared the launch to the origins of Amazon's cloud business... In addition to putting Amazon in competition with existing players in the logistics industry, the move also raises questions about data privacy. Amazon has faced accusations of using nonpublic seller data to compete against merchants on its marketplace, which it has denied. Larsen told the Wall Street Journal that the company prohibits using supply chain customer data for its own marketplace decisions, noting that hundreds of thousands of Amazon sellers already trust the company to fulfill orders placed on rival platforms. The article notes taht in his annual shareholder letter Amazon's CEO "said the company is also exploring selling its custom AI chips and robotics to outside customers."

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Longtime Slashdot reader cellocgw writes: Hiding inside another layoff report, Fidelity is reorganizing: "The changes are aimed at moving the teams away from an 'agile' makeup -- comprising smaller, siloed squads -- and toward larger teams built to move faster on projects." OMG, as they say: "Sudden outbreak of common sense." According to the Boston Globe, Fidelity is cutting about 1,000 jobs even as it plans to hire roughly 5,300 new workers, many of them early-career engineers. Half of the 3,300 new workers hired this year "will be in tech or product-related roles," the report says, noting that "about 2,000 of those jobs are currently open, and 400 of them are in tech/product-delivery." "The company also plans to add almost 2,000 new early-career workers, with the goal of making the tech and product-delivery teams more hands-on. In all, that means roughly 5,300 new jobs in the pipeline for Fidelity." The company says AI isn't driving the shift; as cellocgw noted, it's about moving toward larger teams that Fidelity says can move faster on priority projects. The financial services firm also reported a strong 2025 under CEO Abigail Johnson, with managed assets rising 19% from 2024 to $7.1 trillion and revenue climbing 15% to $37.7 billion. "Throughout the company's history, our investments in technology have fueled our growth and customer service capabilities," Johnson wrote in a letter (PDF) included in the company's annual report. "We will continue to prioritize technology initiatives that help us advance digital capabilities, simplify our technology ecosystem, and protect the firm and our customers."

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Cloudflare plans to cut about 20% of its workforce, or more than 1,100 employees, as it restructures around an "agentic AI-first operating model." Reuters reports: Cloudflare CEO Matthew Prince and co-founder Michelle Zatlyn said in a message to employees that the company was reimagining every team and function to operate in what they described as an agentic AI era. Cloudflare said the job cuts reflect a redesign of internal processes and roles, rather than a response to employee performance or short-term cost pressures. The company added that its own use of AI has increased more than sixfold over the past three months, prompting major changes in how teams operate.

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Coinbase is laying off about 700 workers, or 14% of its workforce, as CEO Brian Armstrong says the company is restructuring to become "lean, fast, and AI-native." Engadget reports: Armstrong claimed he'd seen engineers "use AI to ship in days what used to take a team weeks" and that non-technical teams in the company are "shipping production code," while Coinbase is automating many of its workflows. "All of this has led us to an inflection point, not just for Coinbase, but for every company," Armstrong wrote. "The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core." An AI-driven restructuring is only one half of the equation for Coinbase, though. Armstrong wrote that while the company "is well-capitalized, has diversified revenue streams and is well-positioned to weather any storm," the crypto market is down. As such, Coinbase is attempting to become leaner and faster ahead of the next crypto cycle. The company is eliminating some management layers and organizing the business around "AI-native talent who can manage fleets of agents to drive outsized impact," Armstrong wrote. "We'll also be experimenting with reduced pod sizes, including 'one person teams' with engineers, designers and product managers all in one role." That sure sounds like an attempt to get workers to take on more responsibilities.

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Anthropic is reportedly nearing a roughly $1.5 billion joint venture with Blackstone, Goldman Sachs, Hellman & Friedman, and other Wall Street firms to sell AI tools to private-equity-backed companies. "The investors aim to create a company that acts as a consulting arm for Anthropic and helps teach businesses -- including the private-equity firms' portfolio companies -- how to incorporate AI across their operations," reports the Wall Street Journal. Anthropic, Blackstone, and Hellman & Friedman would each invest about $300 million, while Goldman would contribute around $150 million.

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GameStop has made an unsolicited $56 billion cash-and-stock offer to buy eBay (paywalled; alternative source), with CEO Ryan Cohen arguing he can turn the marketplace into a far larger Amazon competitor. "EBay should be worth -- and will be worth -- a lot more money," Cohen said in an interview. "I'm thinking about turning eBay into something worth hundreds of billions of dollars." The Wall Street Journal reports: Cohen said GameStop has a commitment letter from TD Bank to provide up to $20 billion in debt financing to help make a deal possible. GameStop delivered an offer letter to eBay on Sunday and released a copy of it following the Journal's report on the details of the bid. Cohen wrote in the letter to eBay Chairman Paul Pressler that GameStop started building its eBay position on Feb. 4. It said its offer consists of 50% cash and 50% GameStop shares. EBay said Monday morning its board and financial advisers would review GameStop's unsolicited proposal. It said there were no discussions with or outreach from GameStop before receiving the offer. Ebay added that it will review the offer "with a focus on the value to be delivered to eBay shareholders, including the value of the GameStop stock consideration and the ability of GameStop to deliver a binding, actionable proposal." If eBay isn't receptive, Cohen said he was prepared to run a proxy fight and take the offer directly to its shareholders. The window for shareholders to nominate director candidates at eBay ahead of an annual meeting scheduled for this June has already closed, according to the company's proxy materials. Cohen told the Journal that putting his videogame retailer and eBay under one roof could create opportunities to cut costs and improve earnings. The two companies have some overlap already, including a focus on selling collectibles such as trading cards. "There is nobody who is more qualified, based on my experience, to run the eBay business," Cohen said, referencing his time at GameStop and previously Chewy, the online pet-products marketplace he co-founded.

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GameStop is reportedly preparing a potential offer for eBay, an unusually ambitious move given that eBay's roughly $46 billion market value is nearly four times GameStop's. Reuters reports: GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer's market value more than tenfold, the Wall Street Journal reported on Friday. Shares of eBay, which has a market capitalization of about $46 billion, soared about 14% in extended trading. GameStop gained 4%. The company has a market value of nearly $12 billion. GameStop has been quietly building a stake in eBay's shares ahead of a potential offer, the report said, citing people familiar with the matter. If eBay is not receptive, Cohen could decide to take the offer directly to the e-commerce company's shareholders, the Journal said.

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Bay Area homeowner and investment banker Storm Duncan is trying to swap a 13-acre Mill Valley property for Anthropic equity instead of cash. He created a LinkedIn page for the home, describing the move as a "diversification play" because he is "under-concentrated in AI investments relative to the importance of AI in the future, and over-concentrated in real estate." A young Anthropic employee, Duncan says, might be "in the exact opposite scenario." TechCrunch reports: Duncan is asking potential buyers to email him to discuss deal specifics, but he said it would be a private transaction that doesn't require the buyer to sell their stock outright. On LinkedIn, he also said the homebuyer would "continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup period." Duncan, who described himself as a longtime Bay Area resident who moved to Miami during the pandemic, bought the property in 2019 for $4.75 million. It's currently occupied by "a high-profile VC," he said, but he declined to identify the VC.

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Bloomberg reports that Microsoft is ending revenue-sharing payments to OpenAI (paywalled; alternative source) and making the partnership non-exclusive. "The rapid pace of innovation requires us to continue to evolve our partnership to benefit our customers and both companies," Microsoft said Monday in a blog post. Bloomberg reports: The revised deal is meant to simplify a complicated relationship between two partners that has been foundational to OpenAI's rise and the broader AI boom. OpenAI has since pursued partnerships with multiple cloud providers, including Microsoft rival Amazon.com Inc., to meet its growing computing needs to build and service AI software to a wider audience. As part of OpenAI's restructuring last year as a for-profit business, Microsoft received a 27% ownership stake in the AI startup.

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Tech companies like Google, Facebook and Microsoft are ignoring data controls mandated under California law, researchers say. By: Colin Lecher A new audit has found that websites across the internet may be failing to abide by California privacy law, ignoring a requirement to not track visitors who set a privacy control. The report, from researchers...

Warner Bros. Discovery shareholders have approved Paramount Skydance's takeover bid, moving the massive Hollywood merger a step closer to completion. It's not a done deal quite yet, though, as it still faces regulatory scrutiny and fierce opposition from critics who warn it will further concentrate media power. The Associated Press reports: Per a preliminary vote count Thursday, Warner Bros. Discovery said the overwhelming majority of its stakeholders voted in support of selling the entire business to Skydance-owned Paramount for $31 a share. Including debt, the deal is valued at nearly $111 billion based on Warner's current outstanding shares. That means Warner-owned HBO Max, cult-favorite titles like "Harry Potter" and even CNN could soon find themselves under the same roof with Paramount's CBS, "Top Gun" and the Paramount+ streaming service. David Zaslav, CEO of Warner Bros. Discovery, said in a statement that stockholder approval marks "another key milestone toward completing this historic transaction." Paramount added that it looks forward to closing in the coming months, and "realizing the creation of a next-generation media and entertainment company." [...] Meanwhile, Warner shareholders rejected a separate measure Thursday outlining post-merger payments for company executives.

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Meta is reportedly cutting about 10% of its workforce, or roughly 8,000 jobs, while closing thousands of open roles it had intended to fill. "We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making," said Janelle Gale, Meta's chief people officer. The company had almost 79,000 employees at the start of the year. Quartz reports: Meta CEO Mark Zuckerberg has poured resources into building out AI capabilities, directing spending toward model development, chatbot products, and the engineering talent to support them. Meta set its 2026 capital expenditure guidance at $115 billion to $135 billion, almost double the $72 billion it spent in 2025. Employees have been encouraged to use AI agents internally for tasks such as writing code. The early disclosure, Gale explained, was prompted by the fact that information about the cuts had already made its way into press reports before the company was ready to announce. "I know this is unwelcome news and confirming this puts everyone in an uneasy state, but we feel this is the best path forward, given the circumstances," she wrote. According to the memo, severance for affected workers in the United States will cover 18 months of COBRA health insurance premiums, along with a base pay component of 16 weeks that increases by two weeks for each year of service. Departing employees will have access to job placement assistance and, where applicable, help navigating immigration status. Packages outside the U.S. will vary by country. Meta cut between 10% and 15% of its Reality Labs workforce in January, shut down several VR game studios, and shed about 700 positions across at least five divisions in March.

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Microsoft plans to offer voluntary buyouts for the first time. According to CNBC, "about 7% of U.S. employees are eligible," with the program being "available to U.S. workers at the senior director level and below whose years of employment and age add up to 70 or higher." Further details will be provided on May 7. From the report: Last year Microsoft removed some costs through multiple rounds of layoffs. As of June 2025, the company had 228,000 employees. "Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support," Amy Coleman, Microsoft's executive vice president and chief people officer, wrote in a memo viewed by CNBC. Additionally, Microsoft is adjusting the way it doles out stock to employees for annual rewards. The company will no longer make managers tie stock directly to cash bonuses. This way, "managers have more flexibility to meaningfully recognize high performance," Coleman wrote. The company is also simplifying the review process for managers, so they can choose from five pay options for employees instead of nine.

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An anonymous reader quotes a report from Reuters: Tesla CEO Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project, an advanced AI chip complex Musk has envisioned in Austin. The contract would mark Intel's first major customer for the technology, a breakthrough for the chipmaker which has struggled to stand up its contract manufacturing business essential for taking on top rival TSMC. Intel CEO Lip Bu Tan has said that the company would exit the chip manufacturing business altogether if it failed to secure an external customer. Intel has previously said it was in discussions with large customers about 14A, but has not yet disclosed a major external customer. It declined to comment on Musk's remarks. [...] "Given that by the time Terafab scales up, 14A will be probably fairly mature or ready for prime time," Musk said. "14A seems like the right move, and we have a great relationship with Intel," he said. Ben Bajarin, head of technology consultancy Creative Strategies, said that Intel's 14A technology could "turn out to be a bigger deal for Intel than folks thought." "It's important to have multiple partners as early design partners to help clean the pipe and work through needed learnings at the leading edge. They will definitely have scale, so a great first non-Intel customer," Bajarin said. Seaport Research Partners analyst Jay Goldberg said Musk's vote of confidence in Intel's technology outweighed the unknowns about the Terafab project. "Having a customer is more important than the timing," he said. Goldberg said that Musk's lofty estimates of how many chips its robots could one day require may or may not materialize, but even making chips for Tesla's existing businesses would be a significant win for Intel. "It's not equivalent to Apple or Nvidia" in terms of chip volumes, Goldberg said. "But it's a real customer. It can be real volumes."

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Steve Alder reports: Tempus AI, a publicly traded healthcare artificial intelligence company, is facing multiple class action lawsuits over the alleged unauthorized collection and disclosure of genetic testing results, which were derived from genetic testing by Ambry Genetics Corporation (Ambry Genetics). Tempus AI used Ambry Genetics’ genetic database to train its AI models. Tempus AI...

An anonymous reader quotes a report from the New York Times: SpaceX, Elon Musk's rocket and satellite company, said on Tuesday that it had struck a deal with the artificial intelligence start-up Cursor that could result in its acquiring the young company for $60 billion. SpaceX is making the deal just as it prepares to go public in what is likely to be one of the largest initial public offerings ever. In a social media post, SpaceX said the combination with Cursor, which makes code-writing software, would "allow us to build the world's most useful" A.I. models. SpaceX added that the agreement gave it the option "to acquire Cursor later this year for $60 billion or pay $10 billion for our work together." It is unclear if the companies plan to consummate the deal before or after SpaceX's I.P.O., which could happen as early as June. [...] Cursor, which has raised more than $3 billion in funding, was founded in 2022 and made waves as a fast-growing A.I. start-up. It was under pressure in recent months after OpenAI and Anthropic announced competing code-writing products that were embraced by tech companies. Cursor had been in talks to raise funding in recent weeks.

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Amazon is expanding its Anthropic partnership with a deal to invest up to another $25 billion, while Anthropic commits to spending more than $100 billion on AWS infrastructure over the next decade to power Claude. "Anthropic's commitment to run its large language models on AWS Trainium for the next decade reflects the progress we've made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI," Amazon CEO Andy Jassy said in a statement. CNBC reports: Amazon's investment includes $5 billion into Anthropic now, with up to $20 billion in the future tied to "certain commercial milestones," according to a release. The initial investment is at Anthropic's latest valuation of $380 billion. Anthropic said in the release that it will bring nearly 1 gigawatt total of Trainium2 and Trainium3 capacity online by the end of the year. With all of the major hyperscalers competing to build out AI capacity as quickly as possible, Amazon said in February that it expects to shell out roughly $200 billion this year on capital expenditures, mostly on AI infrastructure.

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Apple announced that Tim Cook will step down as CEO in September after 15 years in the role, handing the job to hardware chief John Ternus. Longtime Slashdot reader sinij shares the news from MarketWatch: Cook leaves an impressive legacy after growing the company to a $4 trillion market capitalization from just $300 billion 15 years ago. Over Cook's 15-year tenure as CEO, Apple's stock has risen 1,932%, beating the S&P 500's 504% increase, according to Dow Jones Market Data. That places Apple's stock as the 38th best-performing member of the index over that period of time. Cook had big shoes to fill, replacing Apple's iconic founder, Steve Jobs, as CEO. Cook's successor, John Ternus, Apple's senior vice president of hardware engineering, will need to guide Apple's through uncharted waters as the company navigates its artificial-intelligence transition and supply-chain constraints. Cook will remain at Apple as executive chairman. "It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world," said Cook. "John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman." As for Ternus' replacement, the role of Chief Hardware Officer will be awarded to Apple executive Johny Srouji. "Srouji, who most recently served as senior vice president of Hardware Technologies, will assume an expanded role leading Hardware Engineering, which John Ternus most recently oversaw, as well as the hardware technologies organization," said Apple in a press release.

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An anonymous reader quotes a report from Bloomberg, written by writer Austin Carr: Allbirds is pivoting to artificial intelligence. The San Francisco brand, whose wool running shoes were once the sneaker du jour among the tech crowd, announced last week that it was expanding into AI computing infrastructure. The bizarre strategic shift was immediately greeted with a surprising frenzy on Wall Street, where shares of Allbirds soared 582% last Wednesday before dropping the next day. [...] Of course, the absurdity of Allbirds' situation echoed familiar Silicon Valley tropes -- from the endless startup pivots of the 2010s to the more recent boom-and-bust cycles of arbitrarily valued crypto coins. But it immediately reminded me of the marketing ploys of the dot-com crash. After all, some of the more iconic fails ended up being retailers such as Pets.com, Webvan, etc., riding the web wave with little to show for it beyond terrible margins. One particular comparison from that period stands out as relevant to Allbirds: Zap.com. The holding company behind it, Zapata Corp., had a long and convoluted history, but was essentially selling fish-oil products by the time it decided to reinvent itself as an internet portal. It amassed a variety of web properties -- in media, e-commerce, gaming and so on -- and even once tried to acquire the search engine Excite. Spoiler alert: Zap flopped. Jen Heck, then a young employee at one of Zap's up-and-coming portfolio entities, remembers how quickly the hype of that web 1.0 turned to hell. As absurd as Zapata's pivot sounds today, it seemed feasible during the excitement of the internet revolution. "We went from like, 'Wow, this life thing is just so easy,' to it all ending so suddenly," Heck recalls. The ones who survived that tech bubble, she says, actually had differentiated products and the right creative thinkers building them -- and weren't just cynically jumping on the latest hot trend. "'Internet' was the magic word then, and 'AI' is the magic word now," Heck says.

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