Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO’s full memo to employees.

Southwest Airlines said it would lay off 15% of its corporate workforce. Southwest Airlines said on Monday that it would slash 15% of its corporate workforce, or about 1,750 employees. The cuts are the first major layoffs in Southwest’s 53-year history and the airline’s latest response to its financial woes as its profits plunge. The…

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Customer data startup Hightouch raises new funding at $1.2 billion valuation in round led by Sapphire Ventures

Hightouch cofounders Tejas Manohar, Josh Curl, and Kashish Gupta. Hightouch, a data activation platform for sales and marketing teams, has raised $80 million in Series C funding. Sapphire Ventures led the round, which values Hightouch at $1.2 billion. Iconiq Growth, Bain Capital Ventures, Amplify Ventures, and NVC also participated in the financing. The San Francisco-based…

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Why Slow Ventures raised $60 million to invest in creator businesses — and how it’s structuring deals

Slow Ventures partners Sam Lessin and Megan Lightcap. YouTubers are the new Stanford dropouts. Slow Ventures, an early-stage VC firm, launched a new $60 million fund focused on investing in content creators. It’s looking for creators with the “DNA of a YC founder,” Megan Lightcap, a partner leading Slow’s creator fund, told B-17, referring to…

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Elon Musk says AI could be key to filling out a perfect March Madness bracket and winning Warren Buffett’s challenge

Berkshire Hathaway CEO Warren Buffett. Elon Musk says AI could be the key to filling out a perfect March Madness bracket and winning Warren Buffett’s challenge. “So this is kind of a fun one,” he said during Monday’s launch for his startup xAI’s latest model, Grok-3. “If you can exactly match the entire winning tree…

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