Sources: a Snap-Perplexity AI search deal calling for Perplexity to pay Snap $400M has fallen apart; Snap is set to announce significant layoffs on Wednesday (Alex Heath/Sources)

Alex Heath / Sources: Sources: a Snap-Perplexity AI search deal calling for Perplexity to pay Snap $400M has fallen apart; Snap is set to announce significant layoffs on Wednesday — Mass layoffs land tomorrow, the Perplexity deal is dead, and Specs are launching soon. Also: OpenAI has a cyber model too …

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)
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)
Sources: Amazon is in advanced talks to acquire satellite operator Globalstar in a deal that could be announced as soon as Tuesday; GSAT jumps 15%+ pre-market (Bloomberg)
Apple endorses the ~$11.6B Amazon-Globalstar deal, citing a 'proven track record' with Amazon infrastructure; Apple holds a ~20% stake in Globalstar (Mark Gurman/Bloomberg)

Source: Techmeme | 2026-04-15

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