Fidelity MSCI Communication Services Index ETF News - May 19, 2026
Meta Cuts 10% of Staff, Pivoting to AI
Meta Platforms (META) initiated a major corporate restructuring on May 20, 2026. The company is laying off approximately 10% of its global workforce. CEO Mark...
Meta cuts 8,000 jobs, pivoting to $145 billion AI expansion
Meta will cut approximately 8,000 jobs starting May 20. This reduction represents 10% of the company's workforce. Internal communications disclosed the...
Google, Blackstone launch $5B AI cloud venture to challenge Nvidia
Google and Blackstone have established a joint venture to develop artificial intelligence cloud services. Blackstone will invest $5 billion to build and...
Meta Cuts 8,000 Jobs in AI Pivot, Aiming to Rival OpenAI
Meta will lay off approximately 8,000 employees on May 20. This reduction represents 10% of the company's total workforce. The restructuring includes...