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Elon Musk's X, formerly Twitter, has agreed to multimillion-dollar settlements with thousands of ex-employees denied promised severance after 2022 mass layoffs, resolving a class-action lawsuit. The deals, potentially totaling hundreds of millions, mark a reversal from Musk's aggressive stance. This highlights risks in his hard-charging management style.
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Australia's Commonwealth Bank laid off 45 call center workers, replacing them with AI chatbots that failed to handle customer inquiries effectively, leading to increased frustration and call volumes. Forced to rehire them with apologies and back pay, the bank highlighted the risks of hasty AI adoption without proper vetting.
Eighteen protesters from "No Azure for Apartheid" were arrested at Microsoft's Redmond campus after occupying a plaza, pouring red paint, and blocking paths to oppose the company's tech contracts with the Israeli military. Microsoft condemned it as vandalism by outsiders, while activists alleged police brutality. The incident highlights tech's ethical dilemmas in global conflicts.
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Thoma Bravo is acquiring HR software firm Dayforce for $12.3 billion, including debt, at $70 per share—a 32% premium—amid a softening jobs market. The deal highlights private equity's push into undervalued tech, with Thoma Bravo eyeing operational efficiencies and AI growth. This could spur further consolidation in HR tech.
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