Freshworks

Layoffs · Americas

Major tech and financial services companies (Amazon, Block, Cisco, Cloudflare, Meta, IBM, Google) are announcing significant workforce reductions (10-40%) driven by AI infrastructure investment and AI replacement initiatives. Tech sector has seen 37,638 job cuts year-to-date, with 47.9% attributed to AI strategy.

Partnership · Americas

Lemonade renewed and renegotiated its reinsurance program to retain a higher percentage of premiums, driving a 24% stock increase.

Strategic Hiring · Americas

Replit has restructured recruiting to eliminate traditional résumés and LinkedIn profiles, using X as the primary recruiting medium and implementing a crowd-sourced talent-spotting system via internal Slack channel.

Product Launch · Americas

Lovable presented agent playbooks at SaaStr AI 2026, indicating production agentic capabilities.

Product Launch · Americas

Applied Materials introduced a new suite of chipmaking systems focused on advanced 3D chip architectures for AI, targeting high bandwidth memory, 3D DRAM structures, advanced packaging, and process control.

Capital Raising · Americas

Prosper AI raised $30 million Series A funding led by Andreessen Horowitz to expand AI voice agents for healthcare administrative workflows (scheduling, insurance verification, billing). This is the second round in less than a year; company previously raised $5M in September 2025.