The cuts are part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen short of expectations," Amon said.
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Today latest News
Tuesday, October 20, 2026
Ahead of massive IPOs, AI companies are sketching plans to share their wealth
On Sunday, Anthropic said it would commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity within the company, pending approval from stockholders. The stake could increase "as the company grows" in the future. The maker of AI assistant Claude said the fund "might explore" larger donations to traditional nonprofits or potentially distribute money to "specific populations."
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Netflix issues weak fourth-quarter forecast, shares drop
Third-quarter revenue rose 11.8% to $12.87 billion, in line with Wall Street forecasts, but the lowest rate of increase in nearly three years. The company forecast fourth-quarter net income of $2.79 billion and EPS of 67 cents, below the average analyst forecast of $3.07 billion and 73 cents.
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Monday, October 19, 2026
Apple to host 'Pro and tell' event on October 28 in LA
Apple said on Monday it would host a "Pro and tell" event in Los Angeles on October 28, the latest in a series of product launches as the iPhone maker expands its hardware lineup and AI offerings.
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Sunday, October 18, 2026
RRB JE Recruitment 2026: Exam city intimation slip released for 3,993 posts, download link here
from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Samsung to use TSMC technology for Nvidia's next-generation memory chips: Report
Nvidia has asked Samsung, SK Hynix and Micron Technology to use TSMC's process for NVHBM base dies, and sixth-generation DRAM technology for its core dies, the newspaper said, citing industry sources.
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Only 8% of fund managers report improved investment returns from AI adoption: Report
Despite growing adoption of artificial intelligence (AI) in the global asset management industry, only 8 per cent of fund managers have reported measurable improvements in investment returns, according to a joint research report by Morgan Stanley and Oliver Wyman.
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