Topic: resource reallocation
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Pinterest Cuts 15% of Staff to Fund AI Investment
Pinterest is laying off nearly 15% of its global workforce to reallocate resources toward accelerating its development of AI-powered products and capabilities. The company is already integrating AI into its platform, including features like a shopping assistant and personalized boards, while leve...
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Meta Reportedly Cutting 10% of Reality Labs Workforce
Meta is laying off approximately 10% of its Reality Labs workforce, impacting over a thousand employees and signaling a strategic shift away from some VR and metaverse initiatives. The restructuring includes closing several VR development studios while specifically protecting teams working on aug...
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Nissan Drops Ariya Electric SUV for 2026 Model Year
Nissan will discontinue the Ariya electric SUV in the U.S. for the 2026 model year to reallocate resources and optimize its EV portfolio amid market changes. A key factor in this decision is the 15% import tariff on vehicles manufactured in Japan, which has increased costs for the Ariya. This mov...
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