More than half of the layoffs will affect staff at its non-billable corporate functions, the IT company said, sending its shares up more than 4% before the bell.
The move underscores Zuckerberg's push to turn 2023 into the 'Year of Efficiency' with promised cost cuts of $5 billion in expenses to between $89 billion and $95 billion.
There is no definite path forward because the entire business world has been through a tumultuous journey that started with Covid, writes Manoj Mohandass.
The company plans to cut jobs in a number of engineering divisions on Wednesday, Bloomberg News reported. The cuts will be significantly larger than other rounds in the past year.
The layoff plans to eliminate around 10,000 roles through reductions in more units would amount to about a 3% cut in Amazon's roughly 300,000-person corporate workforce.
If there is bad blood between the CEC and the Opposition leaders, it will shake the people’s faith in election results. It’s the worst thing that could happen to Indian democracy.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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