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Meta to axe tech teams and engineers in round of job cuts

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1 year ago

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CEO Mark Zuckerberg is streamlining the business, in a bid to make 2023 a ‘year of efficiency’.

Meta has started to implement its second round of job cuts that it announced last month.

This time, it has focused on engineers and tech teams.

Approximately 10,000 jobs will go from social media and tech giant.

CEO Mark Zuckerberg is streamlining the business, in a bid to make 2023 a ‘year of efficiency‘.

An internal company forum has revealed the frustration some employees have with the company, saying morale is down.

“You’ve shattered the morale and confidence in leadership of many high performers who work with intensity. Why should we stay at Meta?”

The company will release its quarterly earnings next week.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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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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1 week ago

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July 18, 2024

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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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1 week ago

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July 18, 2024

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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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