From the New York Times, it's the headlines. I'm Tracy Mumford. Today's Friday, April 24th. Here's what we're covering.

For decades out here, the old saying that everyone at every tech company used was learn to code.

It was like this insurance policy almost. If you know how to write software, you're safe for good. And that is now very quickly going

obsolete. My colleague Mike Isaac covers Silicon Valley, which this week has been rocked by major

layoff plans as the rush to build AI upends the tech industry. The Times got access to an

internal memo that was sent around yesterday at Meta, the parent company of Facebook and Instagram.

It announced it's going to cut 10% of its workforce, about 8,000 people. It's also going to leave

another 6,000 open roles unfilled.

Part of this is specific to meta. They spent the past 10 years building virtual reality

headsets for the Metaverse and happened to miss the huge wave of artificial intelligence

that hit the valley a few years ago. And they need to cut their spending in a big way in order to build better AI systems.

But I think this is really also indicative of a broader trend across Silicon Valley right now.

You have basically every big tech company working on building AI that could do coding and software engineering on its own,

rather than requiring engineers necessarily to do that,

which ultimately means it could be putting a lot of the people that are building these products out of the job.

You also have every big tech company from Google to Amazon to Microsoft,

spending billions of dollars on data centers,

the stuff that essentially powers AI and makes it work.

That stuff costs a lot of money,

and all of these companies are trying to reduce the number of employees

that work for them in order to continue you know, continue affording to pay for

what they think will be the future.

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