Breaking news

Donald Trump Extends TikTok Sale Deadline Amid National Security Concerns

Executive Decision To Extend TikTok’s U.S. Operations

In a decisive move that underscores the administration’s focus on data security, President Donald Trump has once again extended the deadline for China’s ByteDance to divest its TikTok business in the United States. This 90‐day extension reflects a broader strategy to ensure that American users continue to access the app safely, while national security considerations remain paramount.

Strengthening National Security Measures

The White House has reiterated its commitment to keeping TikTok operational, citing concerns over data protection amid geopolitical tensions. As explained by White House Press Secretary Karoline Leavitt, the extension is designed to give all parties additional time to finalize a deal that meets strict national security requirements. The administration’s focus on securing American user data underscores the delicate balance between technological innovation and cybersecurity imperatives.

Market Impact And Industry Reactions

This latest extension follows previous regulatory maneuvers where tech giants like Apple and Google played critical roles in app availability, and where ByteDance was pressed to adhere to stringent compliance deadlines. Interest from major entities such as Oracle, AppLovin, and Frank McCourt’s Project Liberty consortium highlights the significant market implications of any transaction involving TikTok’s U.S. operations. The outcome of these negotiations could redefine strategic alliances in the tech sector, set new compliance precedents, and influence future regulatory policies.

Looking Ahead

As the 90-day period commences, stakeholders remain focused on closing a deal that aligns with both national security priorities and business interests. The extension not only ensures uninterrupted service for millions of American users but also signals a persistent U.S. commitment to overseeing the intersection of technology, privacy, and national defense.

Monday.com To Cut 20% Of Workforce As It Expands AI Strategy

Monday.com, the Israeli workplace software company, is laying off about 630 employees, or roughly 20% of its workforce, as it restructures the business to support a leaner operating model and accelerate investment in artificial intelligence.

Restructuring Around AI

In a regulatory filing, the company said the workforce reduction is intended to better align resources with its AI strategy, which has become a central focus of its product development.

Earlier this year, Monday.com expanded its AI offering by introducing the Monday.com AI Work Platform, designed to integrate AI agents into day-to-day business workflows.

The platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot capable of generating reports, updating dashboards and assisting with routine tasks.

Part Of A Wider Industry Trend

Monday.com’s restructuring reflects a broader shift across the technology sector, where companies are reducing costs while increasing investment in AI development and infrastructure.

According to Layoffs.fyi, tech layoffs rose sharply in May, with 78% of companies citing AI-related restructuring as a factor behind job cuts this year. More than 122,000 technology roles have been eliminated worldwide in 2026, according to the tracker.

Restructuring Costs

Monday.com expects to record restructuring charges of between $45 million and $55 million as a result of the layoffs. The move highlights how software companies are reallocating resources to support AI-focused products and services as competition in the sector intensifies.

Aretilaw firm
Uol
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter