Fidelity MSCI Communication Services Index ETF News - May 2026
Meta Cuts 10% of Staff, Reassigning 7,000 Workers to AI Units
Meta Platforms began a global workforce reduction on May 20, 2026. The company issued termination notices to thousands of employees, affecting approximately...
Meta Slashes 8,000 Jobs, Reassigning 7,000 Staff to AI
Meta Platforms launched a global workforce reduction on May 20, 2026. The company is eliminating approximately 8,000 roles, primarily within engineering and...
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...
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...
AT&T, T-Mobile, Verizon Launch Satellite Venture, Ending US Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture. The partnership aims to eliminate wireless coverage gaps across the...
AT&T, T-Mobile, Verizon Form Joint Venture, Ending Wireless Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture targeting U.S. wireless coverage gaps. The collaboration focuses on...
AT&T, Verizon, T-Mobile form satellite venture to eliminate dead zones
AT&T, Verizon, and T-Mobile formed a joint venture to accelerate direct-to-device (D2D) satellite technology. The partnership aims to eliminate mobile dead...
AT&T, Verizon, T-Mobile form satellite alliance, targeting mobile dead zones
AT&T, Verizon, and T-Mobile US formed a joint venture to accelerate the direct-to-device (D2D) ecosystem. This collaboration creates a technology-neutral...
AT&T, T-Mobile, and Verizon form satellite venture, targeting dead zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture. The partnership aims to eliminate wireless dead zones across the United...
AT&T, T-Mobile, and Verizon Form Satellite Alliance, Targeting U.S. Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture aimed at eliminating U.S. wireless dead zones. The initiative utilizes...
AT&T, T-Mobile, and Verizon launch satellite venture, eliminating US dead zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture on May 14, 2026. The partnership utilizes satellite-based,...
AT&T, T-Mobile, and Verizon partner on satellite venture to end dead zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture. The collaboration utilizes satellite-based, direct-to-device (D2D)...
AT&T, Verizon, T-Mobile Launch Satellite Venture to End Dead Zones
AT&T, T-Mobile, and Verizon reached an agreement in principle to form a joint venture. The partnership utilizes satellite-based direct-to-device (D2D)...