Technology & AI

Automattic begins layoffs following board upheaval and executive departures

Source: TechCrunch · Published

Automattic begins layoffs following board upheaval and executive departures
Source: TechCrunch

Automattic has begun laying off employees across multiple teams, including WordPress.com and its enterprise business, following a board shakeup and a series of executive departures. Sources say more cuts could follow as the company looks to improve its finances.

Automattic has begun laying off employees across multiple teams, including WordPress.com and its enterprise business, following a board shakeup and a series of executive departures. Sources say more cuts could follow as the company looks to improve its finances.

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Meta to create a new class of shares to fund AI push
Technology & AI

Meta to create a new class of shares to fund AI push

Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday , the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027

The Verge ·