Topic: corporate restructuring
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SanDisk Rebrands WD SSDs as New 'Optimus' Drives
Western Digital is rebranding its consumer SSDs under the SanDisk name, phasing out WD Blue and WD Black lines in favor of a new SanDisk Optimus family of NVMe drives. The rebranding reverses the SanDisk acquisition, with models like the Optimus 5100 and Optimus GX series directly replacing their...
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Square Enix Cuts Jobs in Global Restructuring Shift
Square Enix is restructuring by shifting resources away from international studios, jeopardizing over 100 positions and refocusing on internal development in Japan. The reorganization involves closing overseas development studios and consolidating functions in Japan to enhance global publishing s...
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OpenAI and Microsoft Forge New AGI Partnership
OpenAI has restructured to separate its philanthropic and commercial arms, with the nonprofit OpenAI Foundation controlling the for-profit OpenAI Group to direct commercial success toward charitable initiatives. Microsoft has increased its investment to a 27% stake in OpenAI Group, maintaining it...
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OpenAI Secures Major For-Profit Funding Round
OpenAI has restructured into a for-profit corporation under its original non-profit foundation, enabling it to pursue funding and acquisitions more freely while maintaining oversight by the Foundation. The finalized ownership gives the OpenAI Foundation a 26% stake and Microsoft a 27% stake, with...
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Square Enix Lays Off Staff in Major US and Europe Restructuring
Square Enix is restructuring its US and European operations, leading to employee layoffs and the consolidation of publishing divisions to centralize core development in Japan and optimize resource allocation. The company expects to incur a one-time expense of about $76.8 million but projects annu...
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OpenAI to Launch 'Legitimate AI Researcher' by 2028, Says Sam Altman
OpenAI plans to launch an intern-level AI research assistant by September 2026 and a fully autonomous AI researcher by 2028, as announced by CEO Sam Altman during a corporate restructuring to a public benefit corporation. Chief Scientist Jakub Pachocki indicated that deep learning systems could a...
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Bending Spoons: The Company Behind the AOL Acquisition
Bending Spoons has elevated its four cofounders to billionaire status through a major funding round and secondary share sale, securing $270 million in new capital and a $440 million secondary transaction from investors. The company specializes in acquiring and revitalizing underperforming tech br...
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2025 Tech Layoffs: The Complete List
Over 22,000 tech jobs have been eliminated in 2025, driven by a strategic push for efficiency and AI integration across the industry. Major companies like Amazon, Intel, and HP have conducted significant layoffs, with AI and automation frequently cited as contributing factors. The layoffs have af...
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OpenAI Allows Employees to Donate Equity to Charity
OpenAI has launched a policy enabling current and former employees to donate their company equity to charity, addressing long-standing workforce concerns and internal pressure. The rollout is delayed by about 18 months, complicating recruitment efforts amid intense AI talent competition, and feat...
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Another Amazon Devices Senior VP Departs in Latest Executive Exit
Amazon is undergoing leadership changes in its hardware division, with the departure of two senior executives amid a broader restructuring and profitability challenges in the devices unit. The company is heavily investing in AI, integrating it into consumer products like Echo speakers and Ring ca...
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Amazon Lays Off 14,000, Citing AI as Key Factor
Amazon is cutting 14,000 corporate jobs to streamline operations and invest in automation and AI as key growth drivers. The layoffs aim to reduce bureaucracy and redirect resources toward high-priority initiatives, with affected employees having 90 days to find new roles internally. This restruct...
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EA Japan GM Criticizes Microsoft Layoffs and Game Cancellations Like Everwild
Microsoft's recent layoffs and project cancellations, including EverwiL and Perfect Dark, sparked industry debate, with EA Japan's Shaun Noguchi criticizing short-term corporate priorities over long-term creative investment. The layoffs affected 9,100 employees and led to studio closures, wi...
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OpenAI to Reduce Microsoft Revenue Share by 2030
OpenAI plans to reduce its revenue share to Microsoft from 20% to 10% by 2030, as per revised partnership terms. OpenAI is restructuring into a public benefit corporation (PBC) to balance commercial growth with its mission of broadly benefiting humanity through AI. Microsoft, a major investor, ho...
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Microsoft Denies Xbox Profit-Margin Goal Report
Microsoft has clarified that it does not have a specific 30% profit margin target for Xbox, disputing a prior report, though it acknowledges ambitious plans for the gaming business. To improve profitability, the Xbox division has implemented strategic changes including price increases for console...
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Nothing Aims for $5M Community Raise, Eyes IPO in 3 Years
Nothing is launching a $5 million community investment round, allowing its users to buy shares at its $1.3 billion valuation, building on previous successful grassroots funding events. The company is restructuring to compete in the smartphone market, spinning off its CMF brand and focusing on AI ...
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Protect Your Career from AI: A White-Collar Worker's Guide
AI-driven corporate restructuring is leading to layoffs in administrative and middle-management roles, with companies prioritizing innovation and technology development over coordination. Professionals must proactively reskill, focusing on AI literacy, transferable human skills like creativity an...
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OpenAI's $38B AI Deal With Amazon: What It Means
OpenAI has entered a $38 billion partnership with Amazon Web Services, gaining access to hundreds of thousands of Nvidia GPUs and ending Microsoft's exclusive role as its cloud provider. The collaboration will enable OpenAI to immediately use AWS resources for AI model training, with full capacit...
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Flipkart Clears Hurdle for India Relocation Ahead of IPO
Flipkart is in advanced stages of relocating its headquarters from Singapore to India, a strategic move to prepare for a potential IPO in India as early as 2026. The company has obtained preliminary approval from a Singapore court and is progressing through Indian regulatory bodies, aiming to com...
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OpenAI Seeks $40B in New Funding From Investors
OpenAI is seeking an additional $40 billion in funding, potentially one of the largest private tech fundraisings, with SoftBank contributing 75% of the initial $10 billion tranche. The company has raised nearly $64 billion since 2015, with key partnerships like Microsoft and SoftBank, though rece...
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Bending Spoons: The Company That Acquired Eventbrite
Bending Spoons, a Milan-based tech conglomerate, has acquired Eventbrite for $500 million, adding it to a portfolio of well-known digital brands like Evernote and WeTransfer. The company's strategy involves acquiring stagnant digital products and actively overhauling them through controversial ch...
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iRobot Faces Financial Crisis as Revenue Plummets
iRobot is facing severe financial difficulties, with a sharp revenue decline and less than $25 million in cash reserves, leaving it without options for additional capital. The company's struggles were exacerbated by the failed Amazon acquisition, leading to a 30% workforce reduction, leadership c...
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HP to Lay Off Thousands, Invest in AI to Save Millions
HP Inc. will reduce its global workforce by 4,000 to 6,000 employees by fiscal year 2028, aiming for $1 billion in annual savings and integrating AI to enhance operations and competitiveness. The layoffs, focused on product development, internal operations, and customer support, are part of a str...
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Zuckerberg's $70 Billion Bet 'Not Working'
Meta plans to cut its Metaverse budget by up to 30% for 2026, signaling a strategic shift away from its heavy virtual reality focus. The company is reallocating resources toward artificial intelligence, viewing AI as a more immediate area for growth and innovation. This reflects a sober reassessm...
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Umniah Names Faisal Al Jalahma as Interim CEO
Faisal Al Jalahma has been appointed Interim CEO of Umniah while continuing as Chief Human Resources Officer for Beyon, positioning him to lead Umniah's strategy and oversee human capital across the group. With nearly two decades of telecom experience, he played a key role in transforming Beyon f...
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Elon Musk vs. OpenAI: Jury Trial Set for March
A U.S. judge has allowed Elon Musk's lawsuit against OpenAI to proceed to a jury trial, based on his claims that the company abandoned its nonprofit mission to benefit humanity in favor of profit. Musk alleges he invested millions and his credibility based on assurances of a nonprofit structure, ...
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Apple's Top UI Designer Departs for Meta
Alan Dye, Apple's VP of Human Interface Design, is leaving to become Chief Design Officer at Meta, where he will oversee design for hardware, software, and AI integration. Apple has promoted veteran designer Steve Lemay to replace Dye, with CEO Tim Cook praising his long history of key contributi...
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OpenAI Sent Police to AI Regulation Critic's Home
OpenAI is accused of sending a sheriff's deputy to serve a personal subpoena to lawyer Nathan Calvin, seeking his private communications with legislators and others, which he views as intimidation of critics. The company claims the subpoenas are part of its legal dispute with Elon Musk, aiming to...
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Nvidia's $5B Intel Bet: What It Means for AI and Laptops
Nvidia is investing $5 billion in Intel to form a strategic partnership, aiming to dominate integrated hardware solutions in AI and computing. The collaboration focuses on integrating Intel's x86 architecture with Nvidia's AI technology to expand into enterprise servers and create a new market fo...
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Amazon AGI Leadership Shifts in AI Race
Amazon is restructuring its AI leadership, with longtime AWS executive Peter DeSantis replacing Rohit Prasad to lead a consolidated organization focused on advanced AI models, custom chips, and quantum computing. The change is seen as a strategic move to accelerate Amazon's efforts, as the compan...
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Uber & Avride Launch Robotaxi Service in Dallas
Uber and Avride have launched a commercial robotaxi service in Dallas, initially with a human safety driver in a limited zone, with plans to expand and eventually remove the driver. This launch is part of Uber's strategy to integrate autonomous vehicles, with 20 partnerships already and a goal to...
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Mike Cagney Returns to Public Markets with Figure's IPO Filing
Figure Technology, a blockchain lending firm, has filed for an IPO on Nasdaq with Goldman Sachs, Jefferies, and BofA Securities leading the underwriting, though share and pricing details are not yet disclosed. The company reported a 22.4% revenue increase to $191 million and a profit of $29 milli...
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DOJ Seeks to Dismantle Google's Ad Empire in Antitrust Trial
The Department of Justice is seeking a court-ordered breakup of Google's advertising technology business after it was ruled an illegal monopoly, threatening one of Google's most profitable divisions. The government argues that dismantling key parts of Google's ad empire is necessary to restore co...
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GOG Founder Michał Kiciński Reacquires Full Ownership
Michał Kiciński, co-founder of CD Projekt and GOG, has reacquired full ownership of the DRM-free platform GOG from CD Projekt, ensuring its continued independent operation and commitment to a DRM-free philosophy. The transaction allows both companies to focus on their core strengths, with CD Proj...
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Delaware AG Hires Bank to Review OpenAI Restructuring Plan
Delaware regulators have hired a financial advisory firm to review OpenAI's restructuring plan, potentially delaying its shift to a for-profit model and complicating investor strategies. OpenAI's restructuring requires regulatory approval, with Delaware's attorney general seeking an external revi...
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Amazon's Grocery Vision Transforms Whole Foods
Amazon is integrating its online marketplace into Whole Foods stores, allowing shoppers to scan QR codes for additional Amazon Fresh items while maintaining the store's focus on natural and organic products. The initiative features a microfulfillment center with autonomous robots that gather orde...
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OpenAI Hires Slack CEO Denise Dresser as Chief Revenue Officer
OpenAI has appointed former Slack CEO Denise Dresser as its new Chief Revenue Officer to lead its commercial strategy and drive enterprise adoption. Dresser brings extensive experience from Salesforce and Slack, where she integrated AI features, aligning with OpenAI's goal to embed its tools into...
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OpenAI Appoints Slack CEO as Chief Revenue Officer
OpenAI has hired former Slack CEO Denise Dresser as its new chief revenue officer, signaling a major strategic push to expand its enterprise business and embed AI tools into mainstream operations. Dresser's appointment is intended to leverage her deep enterprise sales expertise to drive large-sca...
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