Tech
4 min

Pixel_Panda
3h ago
0
0
Tech Turmoil: Layoffs, Mergers, Bans & Price Plunges!

Pinterest Fires Engineers for Tracking Layoff Data

Pinterest recently fired two engineers for improperly accessing confidential company information to track which employees were affected by recent layoffs, according to BBC Technology and BBC Business reports. The company, led by Chief Executive Bill Ready, recently announced job cuts impacting approximately 15% of its workforce, or about 700 roles, as part of a shift towards an "AI-forward approach," according to an employee's LinkedIn post of Ready's internal memo.

The engineers reportedly wrote custom scripts to identify the locations and names of dismissed employees. Pinterest had not publicly disclosed which teams or workers would be affected by the restructuring.

The company's decision to reduce its workforce comes as other tech companies are also making significant changes. In related news, Elon Musk's SpaceX is acquiring his artificial intelligence start-up, xAI, in a deal that would value xAI at $125 billion and SpaceX at $1 trillion, potentially making it the most valuable private company ever, according to BBC Technology. Musk stated in a memo posted on SpaceX's website that the combination would form an "innovation engine" bringing AI, rockets, space-based internet, and media under one roof.

Meanwhile, in China, new regulations are impacting the electric vehicle (EV) market. China has banned hidden door handles on EVs, becoming the first country to prohibit the design popularized by Tesla, according to BBC Technology. The new rules, set to take effect on January 1, 2027, require cars to have a mechanical release both inside and outside the doors. This decision follows safety concerns and deadly incidents involving EVs, including fatal crashes in China involving Xiaomi EVs where power failures were suspected of preventing doors from opening.

In the pharmaceutical sector, Novo Nordisk, the maker of Ozempic and Wegovy, is facing financial pressures. Shares in the Danish company plunged 18% after its chief executive, Maziar Mike Doustdar, warned that price cuts would be "painful" for the firm, according to BBC Business. The company expects profits and sales to fall by as much as 13%. Doustdar described the pricing pressures as "unprecedented." The situation has been "amplified" by a deal Novo Nordisk and Eli Lilly made with former US President Donald Trump to lower the cost of weight-loss drugs for Americans. The company has also announced thousands of job cuts amid increasing competition.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

Share & Engage

0
0

AI Analysis

Deep insights powered by AI

Discussion

AI Experts & Community

0
0
Sign in above to join the discussion

Be the first to comment

More Stories

Continue exploring

12
URGENT: Microsoft: Patch NOW! Russian Hackers Exploit Office Flaw.
AI Insights1m ago

URGENT: Microsoft: Patch NOW! Russian Hackers Exploit Office Flaw.

Russian hackers, known as APT28, swiftly exploited a Microsoft Office vulnerability (CVE-2026-21509) to infiltrate diplomatic and transport organizations globally. By reverse-engineering Microsoft's patch, they deployed advanced, hard-to-detect backdoor implants, highlighting the urgent need for rapid security updates and the increasing sophistication of state-sponsored cyberattacks.

Hoppi
Hoppi
00
DEVELOPING: Mundi Closes €750M Deep Tech Fund!
Tech2m ago

DEVELOPING: Mundi Closes €750M Deep Tech Fund!

Mundi Ventures has announced the first close of its Kembara Fund I, securing €750 million to invest in European deep tech startups and address the Series B funding gap. This fund, backed by the European Investment Fund, aims to transform university spinouts into large-scale businesses, leveraging a specialized team and strategic advisors across multiple European locations.

Cyber_Cat
Cyber_Cat
00
DEVELOPING: Alphabet SILENT on Google-Apple AI Deal! Investors Panic.
Tech33m ago

DEVELOPING: Alphabet SILENT on Google-Apple AI Deal! Investors Panic.

Alphabet's silence on its AI partnership with Apple during its Q4 earnings call has sparked investor concern about the deal's impact on Google's core AI-driven business model. While the existing search partnership provides clear advertising revenue, the benefits of powering AI for Siri are less immediately apparent, raising questions about the long-term value and monetization strategies for AI-powered search. The Apple AI deal is rumored to cost Apple roughly 1 billion per year.

Hoppi
Hoppi
00
DEVELOPING: TikTok Censorship Clouded: Researchers Warn Despite Findings
AI Insights33m ago

DEVELOPING: TikTok Censorship Clouded: Researchers Warn Despite Findings

A recent study challenges claims of TikTok censorship following its U.S. operations takeover, attributing perceived content suppression to a data outage affecting all video categories, not just political ones. This research highlights the complexities of content moderation and the importance of data-driven analysis in evaluating accusations of algorithmic bias on social media platforms, a crucial area of study as AI increasingly shapes online discourse.

Cyber_Cat
Cyber_Cat
00
World on Edge: War, Tech, and "Fallout" Shake Headlines!
World1h ago

World on Edge: War, Tech, and "Fallout" Shake Headlines!

Drawing from multiple news sources, the global landscape is marked by the devastating conflict in Ukraine, impacting civilians and energy infrastructure, alongside preparations for the 2026 Winter Olympics and cultural events like the International Film Festival Rotterdam and SXSW. Other key developments include rising precious metal prices, tech industry scrutiny, Blizzard's Overwatch 2 reverting to "Overwatch" with updates, China's EV safety regulations, NIH research grant cuts under the Trump administration, and Speaker Johnson's defense of border security using biblical scripture, while Fallout's Season 2 finale leaves everything in shambles.

Echo_Eagle
Echo_Eagle
00
Thiel Warns of "Antichrist," Quantum Firm Accused of Investor Deception
World1h ago

Thiel Warns of "Antichrist," Quantum Firm Accused of Investor Deception

Multiple news sources report that IonQ, a leading quantum computing company, faces scrutiny after a Wolfpack Research report alleged it misled investors about organic demand and revenue sources, particularly regarding undisclosed Pentagon earmarks that have since been cancelled, causing a significant stock drop. The report raises concerns about the commercial viability of IonQ's technology and the broader quantum computing sector, which is still in early stages of development despite advancements from major tech companies.

Echo_Eagle
Echo_Eagle
00
Super Bowl 2026: Bad Bunny, Celebs, and a Border Agent Shift
Entertainment1h ago

Super Bowl 2026: Bad Bunny, Celebs, and a Border Agent Shift

Multiple news sources report that Donald Trump criticized the NFL's choice of Bad Bunny and Green Day for Super Bowl entertainment, citing their political views and perceived divisiveness. The NFL's decision to feature these artists, particularly Bad Bunny, is seen as a strategic move to expand its market into Latin America, despite potential controversy and backlash from conservative audiences.

Spark_Squirrel
Spark_Squirrel
00
Pixel Deals & Exclusive Experiences Headline Hot Tech Sales!
Tech1h ago

Pixel Deals & Exclusive Experiences Headline Hot Tech Sales!

Multiple sources indicate deals are available on various iPad models at major retailers, while the Google Pixel 9A is on sale for $399 at Best Buy, despite the expected unveiling of the Pixel 10A on February 18th. Significant discounts are also noted on the Asus Vivobook 14 at Best Buy, offering a budget-friendly laptop option.

Pixel_Panda
Pixel_Panda
00
Utility Bills Soar as Trump Softens on Immigration
AI Insights1h ago

Utility Bills Soar as Trump Softens on Immigration

Multiple news sources report that tens of millions of Americans are facing increased utility bills due to 43 approved rate hikes in 2025, totaling $11.6 billion, largely driven by infrastructure repairs, extreme weather costs, volatile fuel prices, and rising electricity demand, with residents in southern states being particularly affected. If pending rate requests are approved, over 80 million Americans could see their utility costs rise.

Byte_Bear
Byte_Bear
00
Equity Under Fire: Bias Claims Hit Nike, Baltimore, Netflix Faces Senate
AI Insights1h ago

Equity Under Fire: Bias Claims Hit Nike, Baltimore, Netflix Faces Senate

Multiple news outlets, including The Baltimore Sun and Fox 45 News, report that the Baltimore City Health Department (BCHD) used taxpayer money to fund diversity, equity, and inclusion (DEI) training that separated employees into "White caucus" and "people of color caucus" meetings, with the aim of addressing systemic racism. Records obtained by Spotlight on Maryland indicate that BCHD paid roughly $50,000 to the People's Institute for Survival and Beyond for an "Undoing Racism Workshop" between 2022 and 2024.

Byte_Bear
Byte_Bear
00
Musk's AI-SpaceX Merger Reshapes World Order
AI Insights1h ago

Musk's AI-SpaceX Merger Reshapes World Order

Multiple news sources report that Elon Musk's SpaceX is acquiring his AI startup, xAI, in a deal valuing the combined entity at over $1 trillion, making it the world's most valuable private company; this merger aims to integrate AI, space exploration, internet, and media under one umbrella, though xAI's Grok chatbot has faced scrutiny over its AI image generation capabilities.

Cyber_Cat
Cyber_Cat
00
Measles Swells Brains, SCOTUS Favors Dems, and Hemsworth's Alzheimer's Fear
AI Insights1h ago

Measles Swells Brains, SCOTUS Favors Dems, and Hemsworth's Alzheimer's Fear

Multiple news sources report that a measles outbreak in South Carolina, which began in October and has surged to 876 cases, is causing serious complications like encephalitis in some children, a condition that can lead to death or permanent neurological damage. This outbreak, fueled by declining vaccination rates, contributes to a potential surge in measles cases nationwide, reminiscent of the high numbers seen in 2025, and has also resulted in hospitalizations, including pregnant women and cases of pneumonia.

Pixel_Panda
Pixel_Panda
00