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Verizon is reportedly cutting 15k jobs in its largest layoff ever. According to the Wall Street Journal, the telecommunications giant plans to axe 15,000 roles in the next week in an effort to reduce costs under its new CEO, Daniel Schulman. Verizon—the largest telecom provider in the US—has lost postpaid phone subscribers in three straight quarters as it faces increased competition. Schulman told investors that the company is at a “critical inflection point,” and that he plans to streamline parts of the business that don’t have paths to profitability. Verizon’s stock ticked up about 1% yesterday following the news of the historic layoffs.
Trump admin sues to stop California redistricting. The Justice Department moved to join a lawsuit filed by the California Republican Party to block Democratic Gov. Gavin Newsom’s effort to redraw the state’s congressional map. Newsom’s redistricting plan—a response to attempts by Republicans in several other states to create more favorable maps ahead of the 2026 midterms—was approved by more than two-thirds of California voters in a ballot measure last week. In a social media post, Attorney General Pam Bondi called Newsom’s plan “a brazen power grab,” while a spokesperson for Newsom said in a statement that “these losers lost at the ballot box and soon they will also lose in court.”
Hackers used Anthropic AI to automate cyberattacks. The Claude maker said that a hacker group—which it believes with “high confidence” is Chinese state-sponsored—manipulated its AI tools to infiltrate a number of major companies. Per Anthropic, it was the “first documented case of a large-scale cyberattack executed without substantial human intervention.” The company said it was able to disrupt the attempted hacks, in part because Claude “occasionally hallucinated credentials” or thought it stole private information that was actually public.—AE
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