Money

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

Published

1 year ago

April 20, 2023

ticker NEWS

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.

Leaders

Trump will plead not guilty to revised 2020 election criminal charges

Published

3 days ago

September 5, 2024

ticker NEWS

Former U.S. President Donald Trump will plead not guilty to fresh criminal charges in a revised indictment accusing him of attempting to overturn the 2020 election.

In a court filing, Trump waived his right to appear in court, authorising his lawyers to enter the plea on his behalf.

This revised indictment, brought by Special Counsel Jack Smith, maintains the original four charges, including obstructing Congress and defrauding the United States. #featured #trending

Leaders

Harris promises to boost SME in the U.S. with $50,000 tax deduction

Published

3 days ago

September 4, 2024

ticker NEWS

Vice President Kamala Harris is set to propose a significant tax deduction for new small businesses.

Under the plan, startups could claim up to $50,000 in tax deductions, providing crucial financial relief during the critical early years of operation.

This initiative aligns with efforts to stimulate economic growth and job creation across the country, particularly in sectors hard-hit by the pandemic. #featured #trending