Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Meta cuts jobs in Metaverse Silicon Unit

Published

on

Meta, the parent company of Facebook, is reportedly trimming its workforce in the metaverse silicon division, according to insider sources.

This move comes as Meta continues to face challenges and scrutiny in the metaverse space.

The metaverse silicon unit, responsible for developing hardware components for Meta’s ambitious metaverse plans, will see a significant reduction in staff. While specific numbers have not been confirmed, sources suggest that several hundred employees may be affected.

Meta’s decision to cut jobs in this division reflects the company’s need to reevaluate its metaverse strategy and allocate resources more efficiently. The metaverse project has faced technical hurdles and mixed public reception, prompting Meta to adjust its approach.

This restructuring follows Meta’s recent announcement of a new metaverse roadmap, which includes plans for improved hardware and software integration to enhance the metaverse experience for users.

The company aims to remain at the forefront of the metaverse revolution despite the challenges it has encountered. However, the decision to downsize its silicon unit suggests a reevaluation of priorities and a desire to streamline operations.

News

Australia issues evacuation advisory for diplomats and citizens in the Middle East

Australian diplomats’ families in Israel and Lebanon urged to evacuate amid rising tensions; all Australians advised to leave soon.

Published

on

Australian diplomats’ families in Israel and Lebanon urged to evacuate amid rising tensions; all Australians advised to leave soon.

Families of Australian diplomats in Israel and Lebanon have been ordered to evacuate as tensions in the region continue to rise. The government is prioritising the safety of its personnel and their families.

All other Australians have been urged to leave while commercial flights and other travel options are still available. Authorities are emphasising the importance of acting quickly before options become limited.

The Department of Foreign Affairs and Trade has warned that the security situation in the Middle East remains unpredictable and volatile.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Trump signals possible action on Iran nuclear threat

Trump warns Iran on nuclear weapons and highlights threats, as US boosts military presence amid stalled talks.

Published

on

Trump warns Iran on nuclear weapons and highlights threats, as the US boosts military presence amid stalled talks.

President Donald Trump laid out a strong warning to Iran during his State of the Union address. He labelled Tehran as the world’s biggest sponsor of terrorism and signalled that the U.S. might take action if Iran continues its nuclear ambitions.

Trump emphasised that Iran’s missile and nuclear programs, along with its backing of militant groups, pose serious threats to regional stability.

This comes amid growing concerns over Iran’s nuclear developments and the stalled diplomatic efforts to curb them.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Qantas announces 8,500 jobs and frequent flyer changes

Qantas announces 8500 new jobs and frequent flyer program revamp after record half-year profit of $1.46 billion

Published

on

Qantas announces 8500 new jobs and frequent flyer program revamp after record half-year profit of $1.46 billion

video
play-sharp-fill
In Short:
– Qantas reported a $1.46 billion half-year profit, planning to create 8,500 jobs by 2030.
– Frequent Flyer program changes include earning status credits on the ground and rolling over excess credits.

The Qantas Group reported a record half-year profit of $1.46 billion for the first half of the 2026 financial year, an increase of $71 million compared to the previous period. The airline plans to create 8,500 jobs by 2030 and re-establish a cabin crew base in Singapore, along with new initiatives for frequent flyers.Statutory profit after tax rose to $925 million, allowing shareholders to receive a fully franked dividend of 19.8 cents per share.

The current underlying profit surpasses the record set in 2023 under former CEO Alan Joyce. Chief executive Vanessa Hudson highlighted a commitment to customer, employee, and shareholder satisfaction while emphasizing ongoing investments in fleet renewal.

Banner

As Qantas adds new aircraft to its fleet, it anticipates the creation of jobs, including 3,500 additional cabin crew and 1,000 pilots.

A new Jetstar cabin crew base will open in Perth later this year, generating 90 roles, while Singapore is expected to accommodate 400 cabin crew members.

Qantas CEo Vanessa Hudson.

Frequent Flyer Changes

Qantas will implement significant changes to its Frequent Flyer program. Members can now earn status credits on the ground through credit cards and program partners.

They will also have the option to rollover up to 50% of excess status credits from one year to the next.

Hudson stated the overhaul aims to enhance flexibility and recognition for members amid a changing loyalty landscape.


Download the Ticker app

Continue Reading

Trending Now