Meta Launches AI Restructuring Plan: 10% Workforce Reduction and Shift of 7,000 Employees to AI Projects
MAY 19 – Per a Reuters report, Meta has shared an internal memo outlining a restructuring plan set to launch on May 20. The company plans to cut its global workforce by 10% and roll out a fresh round of organizational overhauls to streamline its AI operations. Janelle Gale, Meta’s chief people officer, said 7,000 employees will be moved to new AI-focused projects, while select management positions will be eliminated. Post-adjustment, most teams will operate under a flatter structure, organized into smaller "pods/cohorts" to boost efficiency and give teams greater autonomy.
This shake-up is part of Meta’s 2024 AI transformation strategy, centered on key initiatives including Applied AI Engineering (AAI), the Agent Transformation Accelerator (ATA), and Central Analytics, with the ultimate goal of developing AI agents that can complete tasks independently. Earlier this year, Meta already closed 6,000 open roles; this latest round of layoffs and role adjustments will collectively impact r
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Ethereum Foundation Exodus Intensifies: Researchers Carl Beek and Julian Ma Announce Departures, Several Key Members Exit in Quick Succession
On May 19, Ethereum Foundation researchers Carl Beek and Julian Ma announced their resignations Monday—adding to the recent wave of high-profile departures from the organization. Beek, a 7-year Foundation veteran, worked on Beacon Chain development and helped guide Ethereum’s shift to a proof-of-stake (PoS) consensus mechanism back in 2020. Ma, who spent roughly four years at the Foundation, focused on mechanism design, cryptoeconomics, and protocol scalability; he co-authored the FOCIL proposal (EIP-7805) to strengthen anti-censorship capabilities and pushed the Fast Confirmation Rule, cutting bridging confirmation time between Layer 2 networks and Ethereum’s mainnet to 13 seconds.
In recent months, the Ethereum Foundation has seen a steady stream of exits: former Co-Executive Director Tomasz K. Stańczak, 7-year team member Josh Stark, protocol staffers Barnabé Monnot and Tim Beiko have all left, plus Alex Stokes, former Co-Head of Protocol, took a temporary leave of absence this mon
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The Ondo project's multisig wallet has transferred a total of over 328 million ONDO tokens to exchanges such as Coinbase in the past 2 months, equivalent to approximately $98.42 million.
May 19 – On-chain analyst Yu Jin’s monitoring reveals that over the past two months, the Ondo project team’s multi-signature wallet transferred more than 328 million ONDO tokens (valued at $98.42 million) to exchanges including Coinbase.
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Analysis: US-Iran Potential Agreement, Strategy Bitcoin Holdings, and Other Factors Could Drive Bitcoin Back Above $80,000
May 19 – Crypto analyst Marcel Pechman wrote in a post that after Bitcoin failed to break above $82,000, it sold off, dipping back to test the $76,000 level. Over four days, $400 million worth of long positions were liquidated, pushing the price down roughly 7% from its recent peak. That said, Pechman’s analysis notes that conditions are lining up for Bitcoin to retake $80,000, with three key catalysts to watch.
First up, MicroStrategy (MSTR) allocated $2 billion over the past week to add to its Bitcoin holdings, giving solid support amid market pressure. On top of that, the company repurchased $1.5 billion of its 2029 convertible bonds. By paying down some senior debt early, this move cuts dilution risk for current MSTR shareholders – and frees up room for future stock sales to keep buying more Bitcoin.
Second, on the macro front, the U.S. 10-year Treasury yield climbed to 4.6%, hitting a 16-month high, as investor confidence slowly shifts toward scarce assets. In 2026, $2 trillion
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The SEC is set to introduce a tokenized stock "Innovation Exemption" policy as early as this week.
May 19 – According to a Bloomberg report, the U.S. Securities and Exchange Commission (SEC) is set to unveil an “innovation exemption” policy for tokenized stocks as early as this week, establishing a new regulatory framework for on-chain trading of digital securities. The SEC is considering allowing third parties to issue tokens pegged to stock prices without prior authorization or consent from the underlying companies, a change that would let these tokens trade on decentralized finance (DeFi) platforms. The report clarifies these third-party tokens are essentially synthetic assets tracking stock values, with some products missing the voting rights or dividend entitlements of standard common shares. Under the SEC’s proposal, platforms that do not provide these rights could lose eligibility to list such tokens.
The initiative is viewed as the first large-scale test by U.S. regulators of the feasibility of migrating stock trading to crypto infrastructure. Proponents argue tokenized sec
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