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%.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bus helper held for stealing USD 1,600 from Iranian woman's purse in Delhi; money recovered
New Delhi (PTI): The Delhi Police has arrested a bus helper and recovered USD 1,600 that was allegedly stolen from the purse of an Iranian woman who had forgotten it on a private bus at ISBT Kashmere Gate, an official said on Sunday.
The incident came to light on December 15, when a complaint was lodged at the ISBT Kashmere Gate police post by Dr Ali Akbar Shah, a professor at Delhi University and a resident of Mukherjee Nagar, the police said.
He informed police that his guest, Fareshteh Sayanjali, an Iranian national, had arrived in India on December 13 and was staying at his residence, they said.
The woman had travelled to Uttarakhand's Rishikesh and was returning to Delhi on December 15 in a bus. While de-boarding at ISBT Kashmere Gate around 1.45 pm, she inadvertently left her purse on the bus seat, the police officer said.
After some time, she received a phone call from the bus operator informing her that the purse had been found in the vehicle. However, when the purse was handed back to her, she discovered that USD 1,600 in cash kept inside was missing," the officer added.
ALSO READ: Hike in train fares: 1 paisa/km beyond 215 km for ordinary class, 2 paise/km for other classes
Based on Dr Shah's statement, an FIR was registered at Kashmere Gate police station on December 16, and an investigation was taken up, police said.
During the investigation, the team questioned the driver and conductor of the bus in which the woman had travelled, police said.
During questioning, the conductor told police that Monish, the bus helper, found the purse lying abandoned on a seat and handed it over to him, police said.
Monish initially attempted to mislead the investigators, but later confessed to stealing the US dollars from the purse, police said
Following his disclosure, Monish was arrested on December 17 and recovered the entire stolen amount, police said.
The accused, Monish, 26, is a resident of Jahangirpuri in north Delhi.
He has studied up to Class 10 and has been working as a helper with the private bus service for the past year, they said.
