Meta is preparing to lay off approximately 10% of its global workforce, roughly 8,000 employees, with the first round expected in May, according to a report. Additional cuts are anticipated to follow after the initial wave. The scale places this among the more significant workforce reductions the company has undertaken, signaling a sustained rather than one-time restructuring effort. Meta has not publicly confirmed the specifics of the timeline or total headcount reduction. The move fits a broader pattern among large technology platforms of recalibrating headcount after aggressive hiring cycles. For Meta, which has been investing heavily in artificial intelligence infrastructure and the metaverse, sustained labor cost reduction would directly improve operating margins and free up capital for those priorities. Investors will watch whether the layoffs concentrate in specific divisions or span business units broadly, as that would indicate whether this is operational efficiency or a strategic retreat from certain product bets. The subsequent rounds of cuts, described as coming later, suggest this restructuring extends beyond a single correction.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
