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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending