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Linda Yaccarino steps down as CEO of X

Linda Yaccarino had one of the toughest jobs in tech. She was brought over from NBCUniversal by Elon Musk to offer some stable leadership after his chaotic acquisition of Twitter, and to convince fleeing advertisers to stay on the troubled platform (as Musk was swearing at them).

Today, Yaccarino announced her departure on the platform she tried to tame after two tumultuous years.

When Yaccarino was hired, Musk said she would focus on business operations while he would work on product design and technology (while also running Tesla, SpaceX, and his other companies).

But Yaccarino’s indefatigable boosterism of X was always overshadowed by Musk’s mercurial pronouncements. Her tenure saw the social media platform expand into something like the “everything app” that Musk has frequently described, though much of that work remains unfinished.

Yaccarino’s greatest achievement was to lure back major advertisers who jumped ship after Musk’s offensive posts started to sink the platform. Apple, Comcast, Disney, and IBM all returned to X under Yaccarino’s tenure, which may have saved the platform from a death spiral.

But the next person to take the role will have plenty of other controversies to deal with.

When Yaccarino was hired, Musk said she would focus on business operations while he would work on product design and technology (while also running Tesla, SpaceX, and his other companies).

But Yaccarino’s indefatigable boosterism of X was always overshadowed by Musk’s mercurial pronouncements. Her tenure saw the social media platform expand into something like the “everything app” that Musk has frequently described, though much of that work remains unfinished.

Yaccarino’s greatest achievement was to lure back major advertisers who jumped ship after Musk’s offensive posts started to sink the platform. Apple, Comcast, Disney, and IBM all returned to X under Yaccarino’s tenure, which may have saved the platform from a death spiral.

But the next person to take the role will have plenty of other controversies to deal with.

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Amazon cuts another 16,000 roles after laying off 14,000 workers in October

Amazon announced Wednesday that its cutting 16,000 roles across the company, having laid off 14,000 workers only three months ago.

“As I shared in October, weve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy,” Senior Vice President of People Experience and Technology Beth Galetti wrote in the press release. “While many teams finalized their organizational changes in October, other teams did not complete that work until now.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

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Anthropic reportedly doubles current fundraising round to $20 billion

Anthropic has doubled its current fundraising round to $20 billion on strong investor demand, according reporting from the Financial Times. The new fundraising round would value the company at a staggering $350 billion. That’s up 91% from September, when it raised at a valuation of $183 billion.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

Produce At Whole Foods Market's Flagship Store

Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.

The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out in 2024 for opening 30 stores a year. Since then, it appears to have added 14, total.

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