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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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Microsoft to Invest in Data Centre Infrastructure, Global Accessibility and AI Skilling in 2025
Microsoft shared its artificial intelligence (AI) vision for the fiscal year 2025, highlighting the key areas for the company. Instead of focusing on its AI product roadmap, the company shared details about its investment plans in AI infrastructure, skilling, and developing accessibility of the technology globally. Among other efforts, the Redmond-...
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Is Tim Cook Ready To Retire? Apple CEO Says "I Will Do It Until The Voice..."
Mr Cook, who took over as CEO in August 2011, said he'll continue to lead the company until he feels it's time to move on.
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This US County Switched To 32-Hour Workweek Last Year. Here Are The Results
San Juan County in Washington has reported an 85.5% spike in job applications, with open positions getting filled 23.75% faster after it shifted to the 32-hour workweek last year.
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Explained: Why Kamala Harris's Historic White House Bid Fell Short
In a meeting with one of America's most powerful unions in September at its Washington headquarters, Vice President Kamala Harris said she'd protect union jobs and workers' livelihoods better than Donald Trump.
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Amazon To Invest Over $10 Billion In UK In Boost For New Labour Government
US tech giant Amazon is to invest $10.5 billion in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.
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Apple Supplier Jabil to Set Up Rs. 2,000 Crore Electronics Manufacturing Plant in Tamil Nadu
The Tamil Nadu government on Tuesday said it has signed investment pacts worth over Rs. 2,600 crore with American companies during the ongoing US visit of state Chief Minister M K Stalin.
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Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.
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Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua
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"Cracked The Code": US Woman Who Got Laid Off Thrice Shares Job Search Tip
"This last time has been the hardest. The job market is drastically different than it even was a year ago," she said.
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"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
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'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
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US Company Apologises After Sending This One-Word Rejection Letter
The company wrote in its email, "We are very sorry this error occurred, as it does not represent who we are or how we treat people."
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US Techies Claim IT Firm Gave Their Jobs To Indians On H1-B Visas: Report
A group of American professionals has levelled serious allegations against Indian tech giant Tata Consultancy (TCS) in the latest twist to the ongoing debate over the US visa program for skilled foreign workers.
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'Helped Us Get Control': Ruturaj Gaikwad Reveals "Turning Point" After Win vs RCB In IPL 2024 Opener
Ruturaj Gaikwad said that he has always enjoyed captaincy and with MS Dhoni still around to guide him, it never seemed like a pressure job on day one in the office.
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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.
-
Microsoft to Invest in Data Centre Infrastructure, Global Accessibility and AI Skilling in 2025
Microsoft shared its artificial intelligence (AI) vision for the fiscal year 2025, highlighting the key areas for the company. Instead of focusing on its AI product roadmap, the company shared details about its investment plans in AI infrastructure, skilling, and developing accessibility of the technology globally. Among other efforts, the Redmond-...
-
Is Tim Cook Ready To Retire? Apple CEO Says "I Will Do It Until The Voice..."
Mr Cook, who took over as CEO in August 2011, said he'll continue to lead the company until he feels it's time to move on.
-
This US County Switched To 32-Hour Workweek Last Year. Here Are The Results
San Juan County in Washington has reported an 85.5% spike in job applications, with open positions getting filled 23.75% faster after it shifted to the 32-hour workweek last year.
-
Explained: Why Kamala Harris's Historic White House Bid Fell Short
In a meeting with one of America's most powerful unions in September at its Washington headquarters, Vice President Kamala Harris said she'd protect union jobs and workers' livelihoods better than Donald Trump.
-
Amazon To Invest Over $10 Billion In UK In Boost For New Labour Government
US tech giant Amazon is to invest $10.5 billion in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.
-
Apple Supplier Jabil to Set Up Rs. 2,000 Crore Electronics Manufacturing Plant in Tamil Nadu
The Tamil Nadu government on Tuesday said it has signed investment pacts worth over Rs. 2,600 crore with American companies during the ongoing US visit of state Chief Minister M K Stalin.
-
Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.
-
Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua
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"Cracked The Code": US Woman Who Got Laid Off Thrice Shares Job Search Tip
"This last time has been the hardest. The job market is drastically different than it even was a year ago," she said.
-
"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
-
'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
-
US Company Apologises After Sending This One-Word Rejection Letter
The company wrote in its email, "We are very sorry this error occurred, as it does not represent who we are or how we treat people."
-
US Techies Claim IT Firm Gave Their Jobs To Indians On H1-B Visas: Report
A group of American professionals has levelled serious allegations against Indian tech giant Tata Consultancy (TCS) in the latest twist to the ongoing debate over the US visa program for skilled foreign workers.
-
'Helped Us Get Control': Ruturaj Gaikwad Reveals "Turning Point" After Win vs RCB In IPL 2024 Opener
Ruturaj Gaikwad said that he has always enjoyed captaincy and with MS Dhoni still around to guide him, it never seemed like a pressure job on day one in the office.
