Meta Lays Off Hundreds of Staff as Spending Shifts to AI
The scale is smaller than earlier plans, but it follows internal discussions about deeper reductions
The scale is smaller than earlier plans, but it follows internal discussions about deeper reductions
About 74% of January funding went to deals of $100 million or more, and 57% went to AI-related startups alone
Twisted Pixel Games, Sanzaru Games and Armature Studio are being closed
The decision comes less than a year after the company removed a further 1,000 to 2,000 positions as part of ...
This downsizing is just one piece of an overhaul led by newly appointed CEO Lip-Bu Tan
If you’ve faced redundancy in the last few years, you’re far from alone. The COVID-19 pandemic was a period of ...
…to optimise its operations and enhance growth
This is the start of a long term trend as we see more automation and less need for humans

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.
Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?
In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.
🎙️ Featured Speakers:
* Ebunoluwa Ashley-Dejo
* Damilare Davola
* Success Ajilore (STN & Accelerated Plus)
Key conversations in this webinar include:
✔️ The future of startup financing in Africa
✔️ Venture debt and alternative funding models
✔️ The role of local investors in scaling innovation
✔️ Sustainable investment strategies for African startups
✔️ Opportunities and challenges in the African tech ecosystem
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