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.
Both U.S. and Armenia have approved a joint statement on the Trump Route for International Peace and Prosperity implementation framework, known as TRI...
U.S. President Donald Trump on Tuesday dismissed Greenland’s rejection of U.S. control, responding sharply to remarks by the island’s prime minist...
The Trump administration has released a previously classified legal opinion on Tuesday, setting out its justification for the capture of Venezuelan Pr...
Israel and Arab States have urged the U.S. to delay any potential military action against Iran, warning that such a move could undermine ongoing prote...
At least 25 people have been killed after a construction crane fell on top of a train in northeast Thailand. The accident took place in the Sikhio dis...
The year 2025 marked a global first in social media regulation, as Australia enacted the world’s first blanket ban on social media usage for children under 16 years old.
Australia will become the first country to ban social media accounts for users under 16 starting 10 December, with regulators tracking “migratory patterns” to stop teens shifting to other platforms, Communications Minister Anika Wells said on Wednesday (3 December).
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, a White House official said.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
The United Nations’ top court at The Hague has begun hearings on whether Myanmar committed genocide against the Rohingya ethnic minority. Gambia told judges on Monday that Myanmar targeted minority Muslim Rohingya for destruction and made their lives a nightmare in a landmark case.
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.
Apple will use Google’s Gemini artificial intelligence (AI) models for its revamped Siri voice assistant later this year, in a multi-year deal that strengthens the tech giants’ partnership and boosts Alphabet’s position in the race against OpenAI.
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
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