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The reality of today's tech industry: layoffs, long hours, AI threats, and few perks

Silicon Valley's not so hot anymore
In a nutshell: It had long been said that a career in tech was the ultimate dream: high salaries, security, and a huge number of perks made for some very happy workers. But things look quite different today. The tech world has seen the highest number of layoffs of any private sector industry this year; perks have been cut; salaries aren't increasing in line with the extra demands; and there's the constant spectre of AI.
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Big Tech avoided $278 billion in corporate tax over the past decade, says watchdog

Cutting corners: A new report has reignited the debate over how much tax the world's largest technology companies pay, revealing that the so-called "Silicon Six" – Amazon, Apple, Alphabet, Meta, Microsoft, and Netflix – have paid nearly $278 billion less in corporate income tax over the past decade than would be expected if their profits were taxed at the average statutory rate for US companies.
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Piracy lawsuit against Meta could set precedent for torrenting copyrighted works in AI training

Plaintiffs believe case is clear-cut infringement, but judge does not understand what torrenting is
A hot potato: Meta is embroiled in a groundbreaking AI lawsuit that could change how courts view copyright law. The case seems open-and-shut from the plaintiffs' view. However, if a judge sees otherwise, it could set a monumental precedent allowing corporations to pirate copyrighted material to train AI systems.
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Meta admits Instagram error flooded Reels with violent and pornographic content

A lot of the content shouldn't have been allowed in the first place
What just happened? Meta has admitted that an "error" caused Instagram users to see a slew of violent and pornographic content on their personal Reels page. The company has apologized for the mistake, which resulted in video clips filled with everything from school shootings and murders to rape being shown.
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Meta raises executive bonuses by up to 200% after cutting 5% of its workforce

Isn't that always the way?
A hot potato: Meta boss Mark Zuckerberg has described 2025 as "an intense year" as the company looks to streamline its business. Part of that involves laying off 5% of its workforce, close to 4,000 people. The company is also giving its executives more money, having just approved a plan giving them bigger bonuses – up to 200% of their base salary.