Fidelity MSCI Communication Services Index ETF News - May 18, 2026
Meta Cuts 8,000 Jobs, Funding Massive Artificial Intelligence Expansion
Meta Platforms started laying off approximately 8,000 employees this week. The company is restructuring to increase efficiency and finance large-scale...
Meta to Cut 8,000 Jobs, Funding AI Expansion
Meta Platforms is cutting approximately 8,000 jobs. This reduction represents 10% of the company's total workforce. The layoffs are scheduled to begin this...
Google resets Android with Gemini Intelligence, debuting Googlebooks and XR glasses
Google announced its most significant strategic shift since the launch of Android. The company unveiled Gemini Intelligence ahead of the May 19 I/O developer...
Meta cuts 8,000 jobs, funding massive artificial intelligence expansion
Meta Platforms will lay off approximately 8,000 employees starting this week. This reduction represents about 10% of the company's total workforce. Management...
Meta slashes 8,000 jobs, launching 22,000-role reduction for AI shift
Meta prepares for a significant layoff round scheduled for May 20, 2026. This initial wave involves 8,000 job cuts. The company plans to eliminate 22,000 total...
Baidu Beats Q1 Profit Targets, as ERNIE Bot Offsets Revenue Miss
Baidu reported mixed first-quarter 2026 financial results before the U.S. market open. Earnings per share exceeded analyst expectations. This performance...