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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IIM Graduate arrested in Noida for defrauding 20 women through premium matrimonial sites
Greater Noida: The Bisrakh Police have arrested Rahul Chaturvedi, an IIM graduate, for allegedly duping over 20 women across Delhi-NCR by luring them into romantic relationships through fake profiles on matrimonial websites. Chaturvedi, hailing from Lucknow's Sahara Building, posed as a high-ranking executive to gain the trust of his victims, swindling them out of money and valuable items.
Operating under false identities, Chaturvedi used matrimonial sites like Jeevansathi.com and Better Half, presenting himself as an HR Regional Manager at Wipro. He extorted expensive items, including iPhones and cash, by promising marriage to his victims. One woman filed a complaint after losing Rs 2 lakh and an iPhone to him, leading to his arrest.
During interrogation, Chaturvedi admitted to scamming at least 20 women, using forged salary slips to bolster his claims of affluence. The police are investigating further to identify additional victims.
Rahul Chaturvedi is passed out from IIM Bangalore. He has been a regional manager at Wipro company.
— زماں (@Delhiite_) September 24, 2024
Current business: Made a profile on a matrimonial site and befriended 17 women aged 35 years and duped them by promising marriage. 🤡🤡 pic.twitter.com/P10mQTxcB1 https://t.co/MdG6CGkXMQ
