Meta to cut more than 11,000 jobs in one of biggest US layoffs this year

-

 The broad job cuts, the first in Meta’s 18-year history, follow thousands of layoffs at other major tech companies including Elon Musk-owned Twitter and Microsoft Corp.

Meta, Facebook's parent company

Meta Platforms Inc said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.

The broad job cuts, the first in Meta’s 18-year history, follow thousands of layoffs at other major tech companies including Elon Musk-owned Twitter and Microsoft Corp.

The pandemic boom that boosted tech companies and their valuations has turned into a bust this year in the face of decades-high inflation and rapidly rising interest rates.

Read More

Comments

Post a Comment

Popular posts from this blog

Get admission to the tailor-made MBA programs at Rohini College of Engineering and Technology to open your path of opportunities in management

-
Image
Rohini College of Engineering & Technology, Kanyakumari is one among the top engineering colleges in Kanyakumari . The college offers both engineering and MBA programs. The industry-oriented MBA programs offered by the institution are tailor made in order to constantly develop the expertise and proficiency necessary to make complex business decisions. Rohini College of Engineering & Technology-Kanyakumari In RCET, management learning is a continuous process and they strive to ensure that what is learned remains with the participants for a lifetime. Since its inception, the college has worked hard to offer progressive, research-led management education while being firmly rooted in its ideologies. The Rohini College of Engineering and Technology is located in the idyllic, environment-friendly campus at Kanyakumari, Tamil Nadu . The curriculum offered by the institution strives for academic excellence through innovations in program delivery and state of the art process driven syst
Read more

Historic Sceptre, 'Sengol', To Be Placed In New Parliament Building

-
Image
This sceptre, Amit Shah said, was handed over to the country's first Prime Minister Jawaharlal Nehru to mark the transfer of power from British to Indians                             Historic Sceptre, 'Sengol', To Be Placed In New Parliament Building  New Delhi: The inauguration of the new parliament building this Sunday will also see Prime Minister Narendra Modi install a historic golden sceptre near the Speaker’s seat, Union Home Minister Amit Shah said today. This sceptre, Mr Shah said, was handed over to the country’s first Prime Minister Jawaharlal Nehru to mark the transfer of power from British to Indians. The Home Minister said this sceptre is called “sengol” — which derives from the Tamil word “semmai”, meaning “righteousness”. The History The sengol came into being after a chain of events that started with a simple question by Lord Mountbatten, the last Viceroy of British India, to Prime Minister Nehru. According to historical accounts and news reports, Mountbat
Read more

NCERT panel recommends replacing ‘India’ with ‘Bharat’ in school textbooks

-
Image
  CI Issac further said that the committee, which is one of the 25 committees formed by the NCERT in 2021 to prepare position papers on various subjects and themes, has further recommended introducing ‘classical history’ instead of ‘ancient history’ in the textbooks A high-level committee for social sciences, constituted by the National Council of Educational Research and Training (NCERT) to revise the school curriculum, has recommended replacing the name ‘India’ with ‘Bharat’ in textbooks and introducing ‘classical History’ instead of ancient History in the curriculum, said committee’s chairperson CI Issac on Wednesday. Issac said the unanimous recommendation given by the seven-member committee of the has found mention in its final position paper on social sciences, which is a key prescriptive document for laying down the foundation for the development of new NCERT textbooks. The Article 1(1) of the Constitution already states “India, that is Bharat, shall be a Union of States”. Bhara
Read more