The Block CEO says a structural misstep and pandemic-era overhiring prompted him to slash nearly half the company's staff on Thursday.
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The billionaire's move to slash nearly half of Block's workforce in one fell swoop signals a departure from Big Tech's pattern of repeated cuts.
Thinking Machines Lab, led by former OpenAI CTO Mira Murati, sees key members depart to Meta, highlighting talent retention challenges.
Anthropic CEO Dario Amodei said on Thursday the company "cannot in good conscience accede" to the military's terms over the use of Claude.
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