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Meta employees fired via morning email

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As Meta continues with its mass layoffs, international offices are also beginning to feel the pinch

Meta offices in Singapore are the latest to fall victim to layoffs. At least 50 employees are set to lose their jobs.

Those in the city-state who have been impacted found out on Thursday morning via e-mail.

One former employee posted about his experience on LinkedIn.

He says he was getting ready to head out to the office when he decided to check his e-mails and rotation schedule, as he would, any other day.

He adds, “that’s when I saw the dreaded e-mail and the biggest fear of my career come true. I’m one of those affected by the Meta layoffs”.

The individual was a a business integrity specialist at the firm.

Meta’s wide-ranging cuts are hitting a number of departments and roles, with over half of those impacted working in recruitment.

The rest are spread across operations, sales and engineering.

The layoffs will see a total of 11,000 jobs cut, which equates to about 13 per cent of the the firm’s 87,000 person global workforce.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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