Facebook parent Meta slashes another 10,000 jobs
New York, Mar 14: Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.
The company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May.
"This will be tough and there's no way around that," said CEO Mark Zuckerberg.
"It will mean saying goodbye to talented and passionate colleagues who have been part of our success."
The Menlo Park, California, company has invested billions of dollars to realign its focus on the metaverse.
In February it posted lower fourth-quarter profit and revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.
The company announced 11,000 job cuts in November.
"As I've talked about efficiency this year, I've said that part of our work will involve removing jobs -- and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision," said Zuckerberg.
In premarket trading, Meta shares rose 3.7%.
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Chhattisgarh: FIR against Vedanta group chairman Anil Agarwal, others after blast kills 20 workers
Sakti (Chhattisgarh) (PTI): The Chhattisgarh police on Thursday registered an FIR against Vedanta Group chairman Anil Agarwal and others in connection with the blast at the firm's power plant in Sakti district that claimed 20 lives, an official said.
The explosion occurred on April 14 at the Vedanta plant in Singhitarai village when a steel tube carrying high-pressure steam from the boiler to the turbine burst, leaving several workers with severe burn injuries. The incident claimed 20 lives and left 16 persons injured.
A case has been registered at Dabhra police station under sections 106 (causing death by negligence), 289 (negligent conduct with respect to machinery) and 3(5) (common intention) of the Bharatiya Nyaya Sanhita, Sakti Superintendent of Police Prafull Thakur said.
"Eight to ten individuals, including Vedanta Group chairman Anil Agarwal, have been named in the FIR. If more persons are found responsible during the investigation, their names will be added," Thakur told PTI.
Investigation into the incident is underway and several reports are awaited, including post-mortem reports of the deceased and findings from the forensic science laboratory and the industrial health and safety department, he said.
"A technical team has also been constituted to probe the cause of the blast. Further sections will be added if required after all reports are received," the SP said.
Following the incident, the opposition Congress had demanded registration of an FIR against the plant management and a judicial inquiry into it.
