BP’s major setback
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 24 April 2026
⏱️ 13 minutes
🧾️ Download transcript
Summary
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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. |
| 0:04.4 | Today is Friday, April 24th. |
| 0:06.4 | And this is your FT News briefing. |
| 0:08.8 | Big Tech Jobs took a hit yesterday, and BP ruffled some feathers at its annual meeting. |
| 0:15.0 | Plus, the Trump family is now in a legal spat with a crypto tycoon. |
| 0:19.0 | We'll take a look at how the relationship fell apart. |
| 0:22.2 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:41.6 | Meta announced yesterday it's cutting 10% of its workforce next month. |
| 0:46.5 | That's about 8,000 jobs, and it's to offset a huge spending spree on AI. |
| 0:50.0 | CEO Mark Zuckerberg has spent billions on the technology. |
| 0:56.4 | The company said in a memo to staff yesterday that the layoffs are also meant to, quote, run the company more efficiently. |
| 1:03.5 | Along the same lines, Microsoft announced that it's offering voluntary redundancy to 7% of its U.S. staff. |
| 1:06.8 | And like meta, it's also on the back of a big AI bet. |
| 1:10.4 | Microsoft cut more than 15,000 jobs last year. |
| 1:22.0 | BP didn't get a ton of love at the Oil Major's annual meeting yesterday. Management put forward two special resolutions for shareholders to vote on. They both failed by a long shot. |
| 1:28.2 | BP is facing mounting pressure from activist investors and pension funds |
| 1:32.1 | after it moved away from renewable energy last year. |
| 1:35.5 | The FTs Malcolm Moore was at the meeting and he joins me now. |
| 1:37.9 | Hey Malcolm. |
| 1:38.7 | Hi, Mark. |
| 1:39.6 | So tell us about these two failed resolutions. |
| 1:42.6 | So one resolution was actually to reverse some previous |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.