… The restructuring would see the company flattening its organizational structures to just five layers below the CEO and COO levels, according to an internal email that the company’s CEO Brian Armstrong posted on the company blog . …
… Why the company is making big internal changes to support its AI push. …
… It’s worth a read, but it actually undersells the most jaw-dropping part of the story: Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround. …
… It’s worth noting that, in this case, PayPal was already in need of restructuring. The company may have beat on its first-quarter earnings with revenue of $8.4 billion, up 7% year-over-year, but it forecast weak guidance for the second quarter, sending the stock tumbling after earnings. …
… The company expects revenue to increase by about 10% in the third quarter, for which it will report results later today. …
… The company also brought on Rashed Haq as its vice president of autonomous vehicles. Haq spent five years at Cruise — the self-driving vehicle company acquired and later shuttered by GM — as its head of AI and robotics. …
… Those executives left amidst a restructuring that affected 10% of its workforce or around 135 employees , as TechCrunch first reported last month, while the company shifts resources toward its rapidly growing energy storage business. …
… Krutrim did not answer questions on its exact revenue mix, enterprise customer base, and recent restructuring. …
… The central question posed by Musk’s lawyers is whether the company’s commitment to safety had been left behind as its commercial power grew. …
… The end of the case means that one major threat to OpenAI — a possible restructuring — is now off the table ahead of its reported IPO. “It did not take the jury two hours to conclude … that Mr. …