Business news from the tech industry: earnings, deals, acquisitions, layoffs and leadership changes.
Canva announced a restructuring that will see 1,271 employees, or 22% of its staff, laid off or reassigned, as it consolidates product, growth and platform teams in Sydney.
Palantir’s third-quarter earnings show U.S. commercial revenue overtaking government sales for the first time, doubling net income and lifting full-year guidance to $8.53 bn.
DoorDash will buy Instacart for $17 billion, merging two major US grocery delivery platforms. The deal aims to combine logistics and retail tech, with Instacart keeping its brand.
Anduril and Qualcomm announced BlueChip, a rugged laptop assembled in Ohio with a Snapdragon X Series CPU, targeting U.S. government and defense agencies and aiming for a fully domestic supply chain.
Apple unveiled a 14-inch MacBook Pro powered by the new M6 chip, promising faster graphics, AI performance and next-gen Wi-Fi 7, with pricing starting at $1,999.
Microsoft has opened a voluntary exit program for about 60,000 employees, roughly a quarter of its workforce, as it balances AI spending with cost control.
