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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Deve Gowda hints at NDA tie-up for local body, Panchayat polls
Bengaluru: JD(S) supremo and former Prime Minister H.D. Deve Gowda has indicated that the party is open to an understanding with the NDA in the upcoming local body, taluk and zilla panchayat elections.
Speaking to reporters at J.P. Bhavan on Wednesday, he said the JD(S) is a regional party, while the BJP is a national party. “We have to wait and see what decision they take regarding a pre-poll alliance. As far as local body elections are concerned, we will discuss the matter together before taking a decision,” he said.
Responding to Chief Minister Siddaramaiah’s allegation that the JD(S) does not give positions to anyone outside the family, Deve Gowda said the charge has no substance. “My memory is still strong. I will respond to everything at the appropriate time,” he remarked.
He also said that a JD(S) convention will be held in Vijayapura on February 27 and that he has been invited to participate in the event.
