Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.
Meta Platforms plans to cut about 5% of its workforce, targeting "lowest performers," while hiring for affected roles later this year, a spokesperson said Tuesday. CEO Mark Zuckerberg hinted at further job cuts to improve performance management.
The company, with over 72,000 employees as of September 30, has invested heavily in AI technology, contributing to higher expenses this year. In 2022, Meta began restructuring efforts, cutting 11,000 jobs, and declared 2023 the "Year of Efficiency," eliminating another 10,000 roles.
Recently, Meta ended its U.S. fact-checking program and eased restrictions on divisive topics like immigration and gender identity, reportedly responding to conservative criticism ahead of Donald Trump's 2024 presidential bid.
Armenian Prime Minister Nikol Pashinyan's party is on course for victory, with Armenian media reporting that the country's Central Election Commission...
Flights from Shiraz's main airport have been cancelled until 20:00 local time, according to Iranian media, as Iran and Israel continue exchanging stri...
Kazakhstan will require major businesses to introduce five-year water-saving plans as authorities warn that worsening shortages could threaten not onl...
A powerful earthquake struck off the southern Philippine island of Mindanao on Monday (8 June), killing at least 32 people and triggering tsunami war...
A French Rafale fighter jet shot down a drone that entered Latvian airspace from Russia on Monday (8 June), triggering security alerts and renewing co...
The European Union is preparing sweeping new regulations targeting the addictive design features of major social media platforms, including TikTok, Meta and X, amid mounting evidence linking their use to serious mental health harm among children and teenagers.
Apple and Meta have publicly opposed a Canadian bill they say could force technology companies to weaken encryption on devices and online services if it becomes law.
Shares in Meta Platforms fell sharply in extended trading on Wednesday after the tech giant raised its annual capital spending forecast by billions of dollars.
Australia's government said on Tuesday that Meta, Alphabet’s Google and TikTok could be penalised unless they negotiate payments with local media outlets for news carried on their platforms.
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million people for the next few years. Prime Minister Nikol Pashinyan is hoping to fend off challenges from several pro-Russia candidates to secure a third term.
Armenian Prime Minister Nikol Pashinyan's party is on course for victory, with Armenian media reporting that the country's Central Election Commission has completed the vote count in the parliamentary elections. An official announcement is still expected.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
The results of Armenia’s parliamentary elections will determine the makeup of the National Assembly and shape the country's political direction for the foreseeable future. But in Armenia, the final result is not decided by vote percentages alone. Here's how it works.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
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