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Sam Altman - 1 Salesforce - 1 Bret Taylor - 1 Larry Summers - 1 Taylor - 1 Adam D'Angelo - 1 OpenAI - 1 Ilya Sutskever - 1
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☆ OpenAI brings Sam Altman back as CEO less than a week after he was fired by board
  + stars: | 2023-11-22 | by ( Ari Levy Hayden Field Jonathan Vanian Rohan Goswami Jordan Novet | Ari Levy | Hayden Field | ) www.cnbc.com   time to read: +2 min
Sam Altman will return as CEO of OpenAI, the startup said early Wednesday morning on X, formerly known as Twitter. The move follows immense pressure from employees and investors on the board that ousted him less than a week ago. Former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers will join OpenAI's board, the Microsoft-backed startup said, with Taylor holding the chair position. Adam D'Angelo, co-founder and CEO of question-and-answer startup Quora, will remain on the board. That followed an announcement late Sunday that OpenAI had hired ex-Twitch CEO Emmett Shear as Altman's interim replacement.
Persons: Sam Altman, Salesforce, Bret Taylor, Larry Summers, Taylor, Adam D'Angelo, OpenAI, Ilya Sutskever, Altman, Satya Nadella, Greg Brockman, Emmett Shear, Mira Murati, msft, Nadella, Sam, Greg, OAI Organizations: OpenAI, Twitter, Microsoft, Tiger, Sequoia Capital Locations: openai
☆ Meta has started its latest round of layoffs, focusing on technical employees
  + stars: | 2023-04-19 | by ( Jonathan Vanian Rohan Goswami | Jonathan Vanian | Rohan Goswami | ) www.cnbc.com   time to read: +3 min
As part of Meta's latest round of job cuts announced in March, the company on Wednesday started laying off employees in technical roles. A Meta spokesperson confirmed to CNBC the cuts had started. Gameplay engineers work on virtual and augmented reality products, according to a Meta job listing. With ad revenue slumping last year and its stock price in free-fall, Facebook's parent announced its first round of layoffs in November, affecting some 11,000 workers. As Zuckerberg said at the time, the new round of April layoffs targets technical workers.
☆ Meta to lay off 10,000 more workers after initial cuts in November
  + stars: | 2023-03-14 | by ( Jonathan Vanian Rohan Goswami | Jonathan Vanian | Rohan Goswami | ) www.cnbc.com   time to read: +3 min
Meta will lay off 10,000 more workers and incur restructuring costs ranging from three to five billion dollars, the company announced Tuesday, with CEO Mark Zuckerberg warning that economic instability could continue for "many years." He added that the company plans to close 5,000 additional open roles that it hasn't yet filled. The new round of layoffs follow a previous round of cuts, announced in November, that affected over 11,000 workers, which equated to roughly 13% of Meta's overall staff. Zuckerberg told analysts in February that the Meta plans "on cutting projects that aren't performing or may no longer be crucial" while simultaneously "removing layers of middle management to make decisions faster." In January, Google revealed plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce said it planned to cut 7,000 jobs.
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