1. OpenAI quietly letting go of 500+ engineers
This is real. I was in the all-hands where they basically admitted things aren't going well. OpenAI's AI division is bleeding money and they need to cut costs fast.
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This is real. I was in the all-hands where they basically admitted things aren't going well. OpenAI's AI division is bleeding money and they need to cut costs fast.
This is real. I was in the all-hands where they basically admitted things aren't going well. Palantir's Cloud division is bleeding money and they need to cut costs fast.
Can confirm. Coinbase's Infrastructure team had a surprise meeting today. No details shared but everyone knows what's coming. The Slack channels are full of panic.
This is real. I was in the all-hands where they basically admitted things aren't going well. Databricks's Marketing division is bleeding money and they need to cut costs fast.
Inside source at Coinbase: the Security roadmap has been completely scrapped. New leadership is coming in with a different vision. Current team members are being evaluated.
This is real. I was in the all-hands where they basically admitted things aren't going well. Nvidia's Hardware division is bleeding money and they need to cut costs fast.
This is real. I was in the all-hands where they basically admitted things aren't going well. Shopify's Platform division is bleeding money and they need to cut costs fast.
This is real. I was in the all-hands where they basically admitted things aren't going well. Coinbase's Ads division is bleeding money and they need to cut costs fast.
I have direct knowledge of this situation at Coinbase. The Ads budget was slashed by more than half. Projects are being canceled left and right.
This is real. I was in the all-hands where they basically admitted things aren't going well. Discord's AI division is bleeding money and they need to cut costs fast.