Summary

• Tech companies are seeing layoffs across the board.
• Pinterest plans to lay off 15% of its staff.
• Amazon is expected to cut 14,000 jobs soon.
• OpenAI's CEO, Sam Altman, reportedly told staff that the company plans to "dramatically slow down" its hiring rate.
• This slowdown is being framed as a move from pure growth to discipline.
• The AI talent war is not over, but the focus is shifting.
• Investors should look for companies to leverage existing resources and focus on efficiency and productivity metrics.
• This shift means scrutinizing utilization rates and free cash flow rather than just headcount.