Memo: Snap CEO Evan Spiegel says the company plans to lay off ~1,000 full-time employees, or 16% of its global workforce, to cut costs and achieve profitability (Alexandra S. Levine/Bloomberg)

Alexandra S. Levine / Bloomberg: Memo: Snap CEO Evan Spiegel says the company plans to lay off ~1,000 full-time employees, or 16% of its global workforce, to cut costs and achieve profitability — Snap Inc. is laying off roughly 1,000 full-time employees, or 16% of its global workforce, part of an effort …

Sources: Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, laying off ~10% of its global workforce, or ~8,000 employees (Reuters)
Internal memo: Microsoft's gaming chief Asha Sharma says 'Game Pass has become too expensive for players' and that Microsoft needs 'a better value equation' (Tom Warren/The Verge)
Memo: OpenAI Chief Revenue Officer Denise Dresser says OpenAI's Microsoft deal 'limited our ability' to reach clients using Bedrock and touts its Amazon deal (Ashley Capoot/CNBC)
Internal memo: OpenAI Chief Revenue Officer says Anthropic is 'grossing up rev share with Amazon and Google' and overstating its 'run rate by roughly $8B' (Hayden Field/The Verge)

Source: Techmeme | 2026-04-15

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