Business & Markets — November 5, 2026
Sequoia retreats to Bay Area roots. The venture firm is consolidating into a smaller, Bay Area-centered operation, shutting programs and offices built over two decades while announcing roughly $10 billion in new funds.
TechCrunch · Read more
Canva cuts 22% of its workforce. The design company laid off nearly 1,300 employees in a restructuring driven by generative AI. The cuts come as the technology reshapes what designers do.
Inc. · Read more
CVS Health to split in two. The company will separate its pharmacy and insurance businesses as federal and state regulators scrutinize vertical integration — unwinding one of health care’s biggest consolidation bets.
STAT News · Read more Subscription
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