Bill Gates Foundation reduces its Microsoft stake to zero from 28.5m

Meta is laying off around 8,000 employees on Wednesday, May 20, with notification emails going out in three regional waves starting at 4 AM local time. A leaked memo from HR chief Janelle Gale tells North American staff to work from home as the cuts roll out. Meanwhile, 7,000 workers are being reassigned to four new AI-focused organisations as Mark Zuckerberg restructures Meta around flatter teams, fewer managers, and a $145 billion AI bet.

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