📅 Ongoing Story Timelines

Events unfolding across the week · March 23March 29, 2026

Meta is reportedly planning significant workforce reductions, potentially affecting up to 20% of its employees, as the company shifts its financial focus toward building out its artificial intelligence infrastructure.

Meta Plans Massive Layoffs

Reports emerge that Meta plans to cut more than 20% of its workforce, potentially affecting up to 16,000 jobs, to fund AI infrastructure.

Layoff Plans Confirmed in Reports

Further reports confirm Meta's plan to cut over 20% of its workforce, impacting up to 16,000 jobs, as spending on AI ramps up.

European startups, particularly in the AI, climate tech, and industrial sectors, experienced a robust week of fundraising with significant capital inflows and new fund closes.

Startups Secure Major Funding

European startups raised significant capital with a focus on AI-driven healthcare, climate tech, and recruitment solutions.

Funding Week Remains Active

Robust funding continues for European startups in AI, energy transition, and industrial tech, highlighted by a €50 million fund close.