Daybreak

On Wednesday, Meta began firing 8,000 people.This makes up 10% of its global workforce. The cuts started at 4am on 20 May, rolling across time zones. People found out by email. Meta's quarterly revenue that same week: $56 billion. It's capex guidance for 2026: up to $145 billion, almost all of it going into AI. This is the current trend in Big Tech: record profits, mass layoffs, redirect to machines, repeat. 

Then, closer home: Unacademy is being sold to upGrad for $218 million — over 90% below its 2021 peak of $3.44 billion. The edtech gold rush is over and what's left is the reckoning.

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Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

Creators and Guests

Host
Snigdha Sharma
Senior producer and co-host of The Ken's flagship daily news podcast. Previously hosted and produced podcasts at The Indian Express and Newslaundry

What is Daybreak?

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.

Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.