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Big Job Cuts Come Ahead of Big Tech Earnings

Microsoft and Meta have announced plans that could reduce their workforces by thousands ahead of releasing their quarterly earnings later this week. Sarah Franklin, CEO of the human resources platform Lattice, says “Tokenmaxxing”, AI use and large job cuts aren’t the right things to focus on to free up capital. She joins Ed Ludlow on…

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Microsoft and Meta have announced plans that could reduce their workforces by thousands ahead of releasing their quarterly earnings later this week. Sarah Franklin, CEO of the human resources platform Lattice, says “Tokenmaxxing”, AI use and large job cuts aren’t the right things to focus on to free up capital. She joins Ed Ludlow on “Bloomberg Tech.”
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3 Comments

3 Comments

  1. @city-blue-cat

    April 27, 2026 at 4:08 pm

    Big tech companies cut a lot people who are not nerds in her team. If these aren’t able to train their people in AI, which kinds of companies can do? Back to be schoolers? 😅

  2. @NathanGWright

    April 27, 2026 at 6:09 pm

    The spending is creating jobs outside big techs’ organizations. Is the spending creating more jobs in construction, chip manufacturing, energy, etc offsetting jobs within Facebook and others? I do not have the answer but I’ll likely research it on AI.

    • @LoveYaJSR

      April 27, 2026 at 6:48 pm

      i think so for sure yea electricians getting highest pay now its time for trades

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Bloomberg Technology

Joby Tests Air Taxis Between JFK Airport and Manhattan

Joby Aviation is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed…

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Joby Aviation is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution.
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Bloomberg Technology

OpenAI Drops Exclusivity Deal with Microsoft | Bloomberg Tech 4/27/2026

Bloomberg’s Ed Ludlow discusses Microsoft’s and OpenAI’s decision to drop exclusivity rights on AI models in a move that opens the doors for the rivals to make new deals. Plus, China blocks Meta’s $2 billion purchase of AI startup Manus. And, the feud between Elon Musk and Sam Altman heads to court with the Tesla…

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Bloomberg’s Ed Ludlow discusses Microsoft’s and OpenAI’s decision to drop exclusivity rights on AI models in a move that opens the doors for the rivals to make new deals. Plus, China blocks Meta’s $2 billion purchase of AI startup Manus. And, the feud between Elon Musk and Sam Altman heads to court with the Tesla CEO alleging OpenAI abandoned its founding mission.

Chapters:
00:00:00 – Intro
00:11:28 – Chip Stocks Slide, Imperiling Record 18-Day Rally
00:17:20 – Meta, Microsoft Trim Workforce Amid Heavy AI Spend
00:33:37 – China Blocks Meta’s $2B Purchase of AI Firm Manus
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Musk, Altman Feud Heads to Court Over Future of OpenAI

Jury selection begins in the legal battle between Elon Musk and Sam Altman over the corporate structure of OpenAI, in a case that could determine the company’s future. Dorothy Lund, professor of law at Columbia Law School specializing in corporate governance, joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology…

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Jury selection begins in the legal battle between Elon Musk and Sam Altman over the corporate structure of OpenAI, in a case that could determine the company’s future. Dorothy Lund, professor of law at Columbia Law School specializing in corporate governance, joins Ed Ludlow on “Bloomberg Tech.”
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