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  • From $12 Billion to $159 Million: Chegg Slashes 319 Jobs as AI Decimates Its Business
Bay Area tech company, down from $12B to $159M in value, lays off 319
Layoffs
From $12 Billion to $159 Million: Chegg Slashes 319 Jobs as AI Decimates Its Business
Founder News Team Aug 5, 2026 0

Chegg just laid off nearly a quarter of its workforce after losing 99% of its market value in four years.…

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Retail giant eBay lays off 281 Bay Area workers, cuts many engineers
Layoffs
eBay Slashes 1,000 Jobs as CEO Admits Workforce Grew Faster Than the Business
Founder News Team Jul 13, 2026 0

eBay announced Tuesday it is cutting approximately 1,000 employees — 9% of its full-time workforce — with 281 Bay Area…

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Daraz reportedly lays off around 100 employees in Bangladesh
Layoffs
Daraz Bangladesh Cuts 100 Jobs in 15-Minute Meetings as Alibaba’s Regional Retreat Deepens
Founder News Team Jun 16, 2026 0

Alibaba-owned e-commerce platform Daraz Bangladesh reportedly laid off approximately 100 employees on May 6 and 7, according to former staff…

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Nexteer Automotive lays off 80 workers at Michigan locations
Layoffs
Nexteer Automotive Cuts 80 Jobs as Auto Industry Demand Shifts Threaten Saginaw County’s Second-Largest Employer
Founder News Team Jun 12, 2026 0

Nexteer Automotive laid off 80 workers across its Buena Vista Township plant and Auburn Hills global headquarters, the company confirmed…

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Ubisoft Reportedly Shuts Down More Studios And Lays Off Staff In Barcelona And San Francisco
Layoffs
Ubisoft Shuts Down Two Studios and Cuts 380 Jobs as Its Cost Crisis Forces a Major Rainbow Six Overhaul
Founder News Team Jun 11, 2026 0

Ubisoft is reportedly closing studios in Winnipeg and Belgrade while laying off staff in Barcelona and San Francisco, putting approximately…

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Latest News
You Can’t Regulate Your Way to AI Sovereignty
Europe Bets Legal Stability Can Lure AI Labs Away From American Compute
Aug 5, 2026
TMX Group Limited Reports Results for the Second Quarter of 2026 — TradingView News
TMX Profit Surges 92% as $3.2 Billion US Options Deal Reshapes Expansion
Aug 5, 2026
Apple posts strongest June quarter as India growth gathers pace
Mac Sales Surge 29% as Apple’s India Revenue Shatters June Quarter Record
Aug 5, 2026
EU transfers 3.47 billion euros to Ukraine for defense support
3.47 Billion Euro Lifeline Lands in Kyiv as EU Demands Rule-of-Law Reforms
Aug 5, 2026
Le Monde
European AI Megafactories Get $5.3 Billion Push to Rival US and China
Aug 5, 2026
Recent Posts
  • Europe Bets Legal Stability Can Lure AI Labs Away From American Compute
  • TMX Profit Surges 92% as $3.2 Billion US Options Deal Reshapes Expansion
  • Mac Sales Surge 29% as Apple’s India Revenue Shatters June Quarter Record
  • 3.47 Billion Euro Lifeline Lands in Kyiv as EU Demands Rule-of-Law Reforms
  • European AI Megafactories Get $5.3 Billion Push to Rival US and China
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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
You Can’t Regulate Your Way to AI Sovereignty
Europe Bets Legal Stability Can Lure AI Labs Away From American Compute
Aug 5, 2026
TMX Group Limited Reports Results for the Second Quarter of 2026 — TradingView News
TMX Profit Surges 92% as $3.2 Billion US Options Deal Reshapes Expansion
Aug 5, 2026
Apple posts strongest June quarter as India growth gathers pace
Mac Sales Surge 29% as Apple’s India Revenue Shatters June Quarter Record
Aug 5, 2026
EU transfers 3.47 billion euros to Ukraine for defense support
3.47 Billion Euro Lifeline Lands in Kyiv as EU Demands Rule-of-Law Reforms
Aug 5, 2026
Le Monde
European AI Megafactories Get $5.3 Billion Push to Rival US and China
Aug 5, 2026
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