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Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates
Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates
Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network for Quest headsets.
The Information reports that a few hundred employees will be let go today as part of the company's effort to reposition itself in the AI...
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Jul 11, 2026 / Tyler Durden
Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship
Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship
Update 10:40pm ET.
Somewhat predictably, as has been the pattern of this war - Iran is in the very early morning hours (local) launching retaliatory strikes on Arab Gulf nations, or as the Iranians say against US assets and bases in the Gulf. Per state media:
IRAN LAUNCHES SERIES OF STRIKES AGAINST US TARGETS: PRESS TV
Last week Kuwait and Bahrain were favored targets, but there are signs that Iran - now with...
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Jun 8, 2026 / Tyler Durden
Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years
Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years
Before we look at the Fed, let's take another quick look at the rollercoaster of the past trading session: a hawkish Fed repricing after the payrolls report triggered a sharp US equity sell-off on Friday with the S&P 500 falling -2.64% (2.59% on the week), its worst day of the year so far, snapping a run of nine consecutive weekly gains. Tech led the declines, not helped by Broadcom’s softer earnings earlier in the...
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Apr 2, 2026 / Tyler Durden
India Unveils AI Kamikaze Drone As Global Powers Rush To Acquire Cheap Loitering Munitions
India Unveils AI Kamikaze Drone As Global Powers Rush To Acquire Cheap Loitering Munitions
The most visible weapon in the wars across Eurasia, from Ukraine to the Middle East, is the low-cost one-way attack drone. It has forever changed the economics of war and how war is fought on the modern battlefield by enabling swarm strikes at a fraction of the cost of traditional air-delivered munitions. Ukraine and Russia both proved this, and the last five weeks of the U.S.-Iran conflict have really confirmed it.
In many ways, the war in...
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