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  • Block Slashes 40% of Its Workforce and Investors Reward It With a 24% Stock Surge
Jack Dorsey’s Block to lay off 40% of workers, citing AI efficiency
Layoffs
Block Slashes 40% of Its Workforce and Investors Reward It With a 24% Stock Surge
Founder News Team Jul 2, 2026 0

Jack Dorsey announced Block is cutting 40% of its 10,000-person workforce, citing artificial intelligence tools that are fundamentally changing how…

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Tala to lay off 10pc of its staff in Kenya in global reorganisation push
Layoffs
Tala Cuts Up to 100 Kenyan Jobs in Global Restructuring as Digital Lender Centralises Operations
Founder News Team Jun 25, 2026 0

Digital lender Tala is cutting up to 10 percent of its Kenyan workforce — approximately 90 to 100 employees —…

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BYD
Layoffs
Lucid Slashes 1,500 Jobs and Kills Production Shift as Survival Pressure Mounts
Founder News Team Jun 23, 2026 0

Lucid Group announced Monday it will cut approximately 18% of its U.S. workforce — an estimated 1,500 workers — including…

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Asensus Surgical | Morrisville robotic surgery company to lay off 108 workers
Layoffs
Asensus Surgical Cuts 108 Jobs in Morrisville While Keeping Facility Open
Founder News Team Jun 20, 2026 0

Asensus Surgical, a robotic surgery systems company based in Morrisville, North Carolina, is laying off 108 workers at its 1001…

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Epic Games to lay off more than 1,000 employees amid Fortnite downturn
Layoffs
Epic Games Cuts Over 1,000 Jobs After Fortnite’s Dramatic Decline Exposes a Half-Billion Dollar Spending Crisis
Founder News Team Jun 17, 2026 0

Epic Games, headquartered in Cary, North Carolina, is laying off more than 1,000 employees following a significant decline in Fortnite…

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Meta to lay off 10% of its staff: What we know
Layoffs
Meta Cuts 14,000 Jobs to Fund a $135 Billion Bet on AI
Founder News Team Jun 12, 2026 0

Meta, the Menlo Park-based parent company of Facebook, Instagram, and WhatsApp, is cutting approximately 10% of its workforce, eliminating 8,000…

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Algoma Steel to lay off 1,000 workers in coming months, union says
Layoffs
Algoma Steel Cuts Over 1,000 Jobs as U.S. Tariffs Drain Half a Billion Dollars and Force a Historic Production Overhaul
Founder News Team Jun 7, 2026 0

Algoma Steel began issuing approximately 1,050 layoff notices on December 1, 2025, affecting more than a third of its workforce…

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Houston-based Chevron to lay off 200 workers in West Texas — not 800
Layoffs
Chevron’s West Texas Layoffs Were Four Times Smaller Than Reported, But the Real Number Still Signals a Deeper Workforce Reckoning
Founder News Team Jun 4, 2026 0

Houston-based Chevron will lay off 200 workers — not 800, as the Texas Workforce Commission initially reported — at three…

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Meta to lay off 10% of workforce in AI push
Layoffs
Meta Cuts 10% of Its Workforce as AI Investment Forces Out Thousands of Workers
Founder News Team Jun 3, 2026 0

Meta announced on April 23 plans to lay off approximately 8,000 employees — 10% of its global workforce — as…

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Latest News
EU's New AI Labeling Regime Takes Effect: What Businesses Face From August 2026
€15 Million Fines Loom as EU AI Transparency Rules Kick In August 2
Aug 8, 2026
Weekly Startup Funding News - TechStory
AI Startup Simile Hits $2 Billion Valuation Just Five Months After Its Previous Round
Aug 7, 2026
Europe facing winter gas squeeze due to Iran conflict – The Irish Times
Europe’s Gas Reserves Plummet to 54% as Iran Blockades Vital Strait
Aug 7, 2026
Andrew Legget
$4.4 Billion Quarter and Raised Guidance Propel IQVIA’s Stock Surge
Aug 7, 2026
Spain’s Ceuta Migrant Crisis: At Least 72 Dead as Tens of Thousands Cross from Morocco
72 Dead as Rumors of Open Borders Drive Mass Crossing Into Spain’s Ceuta
Aug 7, 2026
Recent Posts
  • €15 Million Fines Loom as EU AI Transparency Rules Kick In August 2
  • AI Startup Simile Hits $2 Billion Valuation Just Five Months After Its Previous Round
  • Europe’s Gas Reserves Plummet to 54% as Iran Blockades Vital Strait
  • $4.4 Billion Quarter and Raised Guidance Propel IQVIA’s Stock Surge
  • 72 Dead as Rumors of Open Borders Drive Mass Crossing Into Spain’s Ceuta
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies. By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
EU's New AI Labeling Regime Takes Effect: What Businesses Face From August 2026
€15 Million Fines Loom as EU AI Transparency Rules Kick In August 2
Aug 8, 2026
Weekly Startup Funding News - TechStory
AI Startup Simile Hits $2 Billion Valuation Just Five Months After Its Previous Round
Aug 7, 2026
Europe facing winter gas squeeze due to Iran conflict – The Irish Times
Europe’s Gas Reserves Plummet to 54% as Iran Blockades Vital Strait
Aug 7, 2026
Andrew Legget
$4.4 Billion Quarter and Raised Guidance Propel IQVIA’s Stock Surge
Aug 7, 2026
Spain’s Ceuta Migrant Crisis: At Least 72 Dead as Tens of Thousands Cross from Morocco
72 Dead as Rumors of Open Borders Drive Mass Crossing Into Spain’s Ceuta
Aug 7, 2026
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