Business
Video: Uber Clears Violent Felons to Drive
new video loaded: Uber Clears Violent Felons to Drive
By Emily Steel, Christina Shaman, Zach Caldwell, David Jouppi and Thomas Trudeau
December 22, 2025
Business
Meta, Oracle and Qualcomm share details on layoffs across California
Tech behemoths, including Oracle and Meta Platforms, are laying off hundreds of California workers as they invest heavily in artificial intelligence.
Some of the top companies in tech that already had announced big plans to lay off thousands have revealed more details about where they are cutting in recent government filings.
Software giant Oracle has shed more than 700 workers in Santa Monica, Redwood City, Pleasanton and Santa Clara, filings to the California Employment Development Department show. The company, which was founded in California before moving its headquarters to Texas, started notifying employees of mass layoffs in late March.
Oracle declined to comment. The company hasn’t said publicly how many workers it has laid off. Several news outlets, citing people familiar with the matter, reported that the company laid off thousands of employees across multiple divisions.
As of May 2025, Oracle had 162,000 workers.
Software developers, analysts, sales representatives and product managers were among California Oracle workers who lost their jobs. Laid-off employees will officially separate from the company June 1.
California is home to some of the world’s most powerful and largest tech companies. But as they race ahead to advance AI-powered tools that can generate text, images and code, workers are anxious that businesses will automate tasks and shrink their workforce workforces. Tech companies also are more wary about their expenses, even as they spend billions of dollars on data centers and developing new products.
In March, Meta began laying off employees who worked on its virtual reality efforts.
The company laid off roughly 200 employees at its offices in Burlingame and Sunnyvale. They’re expected to leave the company May 29. Meta laid off engineers, recruiters, product managers and other workers.
“Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals. Where possible, we are finding other opportunities for employees whose positions may be impacted,” a Meta spokesperson said in a statement.
Meta has been doubling down on its efforts to sell AI-powered smart glasses and is working on more powerful AI that surpasses human intelligence. The company, which debuted a new AI model Wednesday, is building a personal “superintelligence” to help people achieve their goals, create and be more productive.
Meta had 78,865 workers as of December 2025.
Chipmaker Qualcomm recently laid off more than 60 workers. The cuts hit employees across various offices in San Diego. Laid-off employees are anticipated to leave the company May 26. Various information technology and cybersecurity jobs were among the roles slashed as part of the layoffs.
Qualcomm didn’t immediately respond to a request for comment.
Business
Jeff Shell steps down as Paramount president after legal battle with gambler
Jeff Shell agreed to step down as president of Paramount Skydance after becoming entangled in a legal battle with a controversial Las Vegas gambler and self-styled “fixer.”
Paramount announced Shell’s departure Wednesday after the two sides negotiated an amicable resolution to the drama. Paramount said its external review into Shell’s conduct, initiated by Paramount’s board of directors, found no violation of securities laws.
Shell also resigned as a Paramount board member to focus on his legal skirmish, the company said.
His departure comes after just eight months on the job.
Paramount Skydance “is grateful for Mr. Shell’s many contributions and to have relied on him as a valued advisor,” the company said in its statement.
The veteran entertainment executive officially joined the media company with David Ellison’s takeover in August, though he had been a key member of Ellison’s team for nearly two years as the group worked to assemble the pieces of the tech scion’s growing empire. Ellison’s Skydance Media acquired Paramount and then pulled off a stunning $111-billion deal to buy Warner Bros. Discovery in late February.
Shell brought substantial experience running a media company to Ellison’s inner circle, a group that included former investment bankers and others who haven’t run a large-scale enterprise. But his role within the company long felt awkward because key division managers, including the heads of CBS, the Paramount movie studio and the company’s streaming businesses, reported to Ellison, which left Shell with a nebulous portfolio.
He wasn’t planning to stay on after the company acquires Warner Bros. Discovery, according to two people close to the situation who were not authorized to speak publicly. Paramount hopes to complete that deal this summer.
Shell’s exit this week was prompted by his unlikely association with the high-roller, Robert James “R.J.” Cipriani, who created a public stir after his dealings with Shell went south.
Cipriani sued Shell in Los Angeles County Superior Court on March 9, alleging fraud and breach of an oral contract. Cipriani claimed that he provided Shell with “sophisticated, high-value crisis communications services,” according to his suit.
He alleged Shell spilled corporate secrets, which Shell has denied. Cipriani said he reported Shell to the U.S. Securities & Exchange Commission because Shell allegedly had discussed highly sensitive Paramount information with him: Paramount’s $7.7-billion deal last summer to bring UFC mixed-martial arts fights to CBS and other Paramount outlets.
Cipriani accused Shell of failing to deliver on a verbal pledge to help him produce an English-language version of a Roku TV Spanish music show.
Shell maintained Cipriani fictionalized the two men’s dealings, then spread “false and salacious lies to extract a massive payday,” according to a counterclaim filed by Shell. Cipriani has been seeking $150 million in damages.
In his court documents, Shell said the two men met only twice and that Shell owed him nothing.
But the Cipriani controversy made Shell’s future at Paramount untenable, the sources told The Times.
There was just “too much noise,” one of the sources said.
The Ellisons wanted to stay focused on building Paramount and completing their Warner Bros. takeover. The company needs to line up regulatory approvals in the U.S. and abroad.
Jeff Shell, Paramount Skydance president.
(Paramount / Skydance)
Paramount’s board last month hired the Gibson Dunn law firm to look into Cipriani’s allegations.
The firm conducted a “complete and thorough” review, Paramount said.
“The facts demonstrated that [Cipriani’s] allegations do not establish a securities law violation,” Paramount said. “Mr. Shell promptly notified PSKY of these accusations and is taking forceful legal action.”
Paramount Skydance, and its board members also named in Cipriani’s lawsuit, plan to respond “to the frivolous and baseless claims against PSKY and its named board members and stockholders,” the company said.
The firm attributed Shell’s decision to step down as “consistent with Mr. Shell’s commitment to prioritizing PSKY’s success.”
His departure comes three years after he was ousted as NBCUniversal chief executive.
NBCUniversal-owner Comcast hired a law firm to investigate him after a CNBC anchor filed an internal sexual harassment claim against him. Shell stepped down, acknowledging that he’d had an “inappropriate relationship” with the journalist, who has since left the company.
The job at Paramount was envisioned to be his second act.
Shell’s dealings with Cipriani began with an August 2024 meeting at litigator Patty Glaser’s Century City office.
At the time, Glaser represented both men and urged Cipriani to “cease” his efforts to drum up damaging stories about Shell, who was trying to recover from the scandal that cost him his job at NBC.
Robert James “R.J.” Cipriani in Amazon Prime Video’s 2025 series, “Cocaine Quarterback.”
(Courtesy of Prime)
Near the end of that meeting, Cipriani pledged to help Shell keep negative publicity at bay, according to sources and court documents.
The two men communicated via text messages, on-and-off, for about 18 months.
“Nobody believed me,” Cipriani said Wednesday. “The best thing I did was cooperate with Gibson Dunn and showed them that the texts were real.”
It’s unclear whether Ellison will look to bring in other experienced media executives or look to senior Warner Bros. Discovery executives following Paramount’s proposed takeover of that company.
Times staff writer Stacy Perman contributed to this report.
Business
Video: Unraveling the Mystery Behind Bitcoin’s Creator
new video loaded: Unraveling the Mystery Behind Bitcoin’s Creator
By John Carreyrou, Sutton Raphael, James Surdam, Coleman Lowndes and Joey Sendaydiego
April 8, 2026
-
Atlanta, GA4 days ago1 teenage girl killed, another injured in shooting at Piedmont Park, police say
-
Culture1 week agoDo You Know Where These Famous Authors Are Buried?
-
Movie Reviews1 week agoVaazha 2 first half review: Hashir anchors a lively, chaos-filled teen tale
-
Georgia2 days agoGeorgia House Special Runoff Election 2026 Live Results
-
Education1 week agoVideo: We Put Dyson’s $600 Vacuum to the Test
-
Pennsylvania2 days agoParents charged after toddler injured by wolf at Pennsylvania zoo
-
Milwaukee, WI3 days agoPotawatomi Casino Hotel evacuated after fire breaks out in rooftop HVAC system
-
Entertainment1 week agoInside Ye’s first comeback show at SoFi Stadium