Meta will cut 10% of its staff next month, BP suffered a heavy defeat at its annual shareholder meeting, and the Paramount–Warner Brothers Discovery deal is one step closer to being sealed. Plus, the Trump family’s crypto company is in hot water, and a US official is vying to get Italy into the football World Cup.

Mentioned in this podcast:

Meta to cut 10% of jobs to ‘offset’ Mark Zuckerberg’s AI spending

Microsoft to offer 7% of US staff voluntary redundancy for the first time

BP suffers heavy defeat in investor climate vote

Crypto billionaire Justin Sun sues Trump family’s World Liberty Financial

Warner Bros shareholders approve $111bn Paramount deal

Trump envoy seeks to replace Iran with Italy in football World Cup

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michela Tindera, Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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BP’s major setback

FT News Briefing