• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Iranian state media reports, Irans Supreme Leader Khamenei met with visiting senior Hamas leaders in Tehran.On February 8, four large model application products under Baidu Smart Cloud, namely Keyue, Xiling, Yijian and Zhenzhi, were officially launched with access to the new version of the DeepSeek model.On February 8, according to Nikkei Chinese, Japans soaring food prices are dragging down personal consumption. The results of the household survey of the Ministry of Internal Affairs and Communications of Japan showed that consumer spending in 2024 actually decreased by 1.1% year-on-year. The "Engel coefficient", which indicates the proportion of food in consumer spending, is 28.3%, a 43-year high. Monthly spending in December 2024 actually increased by 2.7%, and consumption showed a recovery trend. From the perspective of the composition of consumer spending in 2024, the negative factors that actually contributed the most to consumer spending are transportation and communications, which actually decreased by 4.1% year-on-year. Due to the exposure of certification violations by some Japanese automakers, automobile production was suspended for a time, affecting consumption.U.S. Treasury yields ended a volatile week with mixed trends as tariff threats raised concerns about rising inflation in the short term and slower economic growth later on. Forecasters have been trying to estimate the impact of tariffs on prices, but the Trump administrations on-again, off-again approach has complicated the task. January CPI and PPI will be released next week and are expected to show little change. Future markets show that bets on the Federal Reserve cutting interest rates more than once this year are decreasing. The 10-year Treasury yield fell this week, while the two-year Treasury yield rose.Ukraine said it shot down 67 of 139 Russian drones during the night.

Meta Preparing Thousands of Layoffs in Latest Tech Industry Retrenchment

Aria Thomas

Nov 07, 2022 14:05

15.png


The parent firm of Facebook, Meta Platforms (META), will lay off hundreds of staff this week, the Wall Street Journal reported on Sunday, citing individuals familiar with the matter. Wednesday is planned for the announcement.


Meta will be the second technology business in recent weeks to announce layoffs or hiring restrictions, as the sector prepares for a sales downturn.


Meta has 87,000 workers as of September, and this will be the first significant layoff in the company's 18-year existence.


Following Elon Musk's purchase of Twitter, the firm declared it will reduce its personnel by up to 50 percent. Amazon said it will halt additional recruiting. Lyft said that it will reduce its personnel by an extra 13% in its second wave of layoffs. Stripe revealed a 14 percent reduction in its staff.


Meta refused to comment on the layoffs, but referenced CEO Mark Zuckerberg's recent declaration that the business will "concentrate its spending on a few of high-priority growth areas."