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MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff
MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff
Summary:
First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History,
Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours
To note: Reuters First reported Meta's 10% cut late last week (report)
Meta Layoffs
First, Microsoft unveiled a voluntary buyout program, a move that could incentivize thousands of employees to leave.
Now, Meta Platforms has reportedly followed with plans to cut 10% of its workforce. Taken together, today's back-to-back announcements suggest that as Big Tech continues...
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Jun 3, 2026 / Kyle Anzalone
Iran Drones Damage Kuwaiti Airport in Response to Attack on Iranian Tanker
Kuwait reports that its airport suffered significant damage during an Iranian drone attack. Iran launched the attack shortly after the US targeted an Iranian ship. “A number of hostile drones targeted today the passenger building (T1) at Kuwait International Airport, which resulted in significant material damage to the building and injuries to a number of […]
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Jul 6, 2026 / Tyler Durden
Truck Driver Accused Of Using Fake Documents To Steal $2.9 Million Cargo
Truck Driver Accused Of Using Fake Documents To Steal $2.9 Million Cargo
By Phil Bring of FreightWaves
Police in Greenfield, Indiana, arrested a California truck driver after officers recovered nearly $2.9 million worth of tungsten oxide powder that police said thieves stole during a cargo theft in Pennsylvania.
According to a June 28 news release from the Greenfield Police Department, officers received an alert around 6 a.m. Saturday regarding a wanted semi tractor-trailer traveling eastbound on Interstate 70 into Hancock County. Police said the truck was connected to a cargo theft that...
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Jul 26, 2026 / Tyler Durden
The Hinge Of History That Was 2020
The Hinge Of History That Was 2020
Via The Brownstone Institute,
“Shocking 105 million Americans are not working – more than during Covid or the Great Recession,” blared the New York Post.
Finally that’s something.
The graph alone tells the story. You thought that having the government forcibly send millions of people into lethargy and sloth, bankrupting millions of smaller businesses, slicing and dicing workers into essential and nonessential, would be devastating for labor force participation. It’s actually worse now than in the depths of the lockdowns, and 10.8 million more than were out of the...
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