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Meta to Cut Roughly Five Percent of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations. Affected workers in the US are expected to be notified on February 10, while those based in other countries will be informed at a later date, according to the memo.
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Sensex, Nifty Slide, Rupee Weakens To Record Low Of Rs 86.27
The share market tumbled in early trade today, after an unexpectedly strong US jobs report dampened expectations of early interest rate cuts by the Federal Reserve, while worries over slowing earnings continued to persist.
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Wall Street Might Cut 2,00,000 Jobs As AI Replaces Roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.
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Lawyer Quits High-Paying Job, Takes Rs 1.3 Crore Pay Cut To Curb Burnout
Ms Hayes transitioned to the tech industry, accepting a position with a significantly lower salary of $220,000 per year (about Rs 1.9 crore)
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Honda, Nissan Aim to Merge in 2026 as Talks Kick Off: Reports
The presidents of Honda, Nissan and Mitsubishi Motor — Nissan’s junior partner — were seen entering and leaving Japan’s transportation ministry on Monday morning, likely to inform officials of their plans to formally kick off merger talks.
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Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
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Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
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Vivek Ramaswamy Indicates Massive Government Job Cuts In US
Entrepreneur-turned politician Vivek Ramaswamy, who along with Tesla owner Elon Musk has been nominated in-charge of the Department of Government Efficiency, has indicated a massive cut in federal government jobs in the United States.
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Trump Tracker: US Heading Towards Massive Job Cuts? What Vivek Ramaswamy Said
Donald Trump, who swept all seven swing states and won a decisive victory against his Democratic rival Kamala Harris, is now on a spree naming his top aides who will chalk out the government strategy for the next four years.
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Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
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Boeing To Fire 10% Workforce, 17,000 Employees Set To Be Sacked
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
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EY Fires Staff In US For Taking Multiple Online Training Courses At Once
Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.
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Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
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Riot Games Lays Off League of Legends Developers in Second Round of Job Cuts
Riot Games is laying off staff for the second time this year, the studio confirmed Tuesday. The latest round of cuts will affect the PC development team behind Riot’s massively popular MOBA title League of Legends.
-
Meta to Cut Roughly Five Percent of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations. Affected workers in the US are expected to be notified on February 10, while those based in other countries will be informed at a later date, according to the memo.
-
Sensex, Nifty Slide, Rupee Weakens To Record Low Of Rs 86.27
The share market tumbled in early trade today, after an unexpectedly strong US jobs report dampened expectations of early interest rate cuts by the Federal Reserve, while worries over slowing earnings continued to persist.
-
Wall Street Might Cut 2,00,000 Jobs As AI Replaces Roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.
-
Lawyer Quits High-Paying Job, Takes Rs 1.3 Crore Pay Cut To Curb Burnout
Ms Hayes transitioned to the tech industry, accepting a position with a significantly lower salary of $220,000 per year (about Rs 1.9 crore)
-
Honda, Nissan Aim to Merge in 2026 as Talks Kick Off: Reports
The presidents of Honda, Nissan and Mitsubishi Motor — Nissan’s junior partner — were seen entering and leaving Japan’s transportation ministry on Monday morning, likely to inform officials of their plans to formally kick off merger talks.
-
Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
-
Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
-
Vivek Ramaswamy Indicates Massive Government Job Cuts In US
Entrepreneur-turned politician Vivek Ramaswamy, who along with Tesla owner Elon Musk has been nominated in-charge of the Department of Government Efficiency, has indicated a massive cut in federal government jobs in the United States.
-
Trump Tracker: US Heading Towards Massive Job Cuts? What Vivek Ramaswamy Said
Donald Trump, who swept all seven swing states and won a decisive victory against his Democratic rival Kamala Harris, is now on a spree naming his top aides who will chalk out the government strategy for the next four years.
-
Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
-
Boeing To Fire 10% Workforce, 17,000 Employees Set To Be Sacked
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
-
China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
-
EY Fires Staff In US For Taking Multiple Online Training Courses At Once
Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.
-
Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
-
Riot Games Lays Off League of Legends Developers in Second Round of Job Cuts
Riot Games is laying off staff for the second time this year, the studio confirmed Tuesday. The latest round of cuts will affect the PC development team behind Riot’s massively popular MOBA title League of Legends.
