Morning Brew Daily Mass Layoffs Hit Corporate America & Musk’s Grokipedia vs. Wikipedia
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Oct 29, 2025 Corporate America faces a wave of layoffs linked to AI and cost-cutting measures. Microsoft partners with OpenAI to enable a profit-driven model for ChatGPT. Meanwhile, Elon Musk introduces Grokipedia, aiming to rival Wikipedia’s editorial approach. In climate discussions, Bill Gates advocates for a softer tone on urgent issues. Lastly, Hurricane Melissa intensifies on its path toward Jamaica, reminding us of the unpredictable forces of nature.
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CEOs Plan Growth With Fewer Workers
- CEOs increasingly plan growth without adding headcount, signaling a structural shift in corporate labor strategy.
- Since ChatGPT's 2022 debut, job postings fell ~33% while S&P 500 rose ~75%, highlighting productivity-focused gains.
Private Hiring Still Adds Jobs
- ADP data shows private-sector job additions continuing despite headline layoffs.
- This suggests layoffs are concentrated and don't necessarily reflect the entire labor market.
OpenAI Becomes Clearer For‑Profit Entity
- OpenAI restructured into a clear for-profit, giving Microsoft a 27% stake and large IP and revenue ties.
- The deal clarifies governance and paves the way for more funding and a likely IPO.