CEO Kris Marszalek said the layoffs were in "roles that do not adapt in our new world" as the company integrates enterprise-wide AI.
Ranked reports inside the event cluster. Open any publisher link to read the original coverage.
Nearby clusters pulled from title, summary, and keyword similarity in PostgreSQL.
Alibaba cut its staff by roughly 34% over the course of 2025, as the company disposed of peripheral holdings to focus on its AI business.
Waller said in a CNBC interview that recent developments require a more conservative approach.
The US slashed humanitarian aid in 2025, with many EU countries following suit to redirect funds domestically and to crises closer to home, such as in Ukraine.
Many AI computer servers are made with Nvidia chips, some of which are subject to export controls.
While Wall Street may be encouraged by the recent rebound in the IGV Software ETF, Apollo's Sambur believe the story will get worse.
CBS News Radio, which has been around for nearly a century, will shut down on May 22.