Pain points
First ten days of May: 38,000 job cuts
U.S. announced 37,000 layoffs May 1–10. PayPal cut 4,760 on the 9th for AI restructuring; Fidelity cut 800 on the 11th. Meta warned of 8,000 more cuts on May 20.
Primary sources · 2
U.S. announced 37,000 layoffs May 1–10. PayPal cut 4,760 on the 9th for AI restructuring; Fidelity cut 800 on the 11th. Meta warned of 8,000 more cuts on May 20.
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