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.
Big tech firms have confirmed hiring pauses, Zuckerberg has hinted at layoffs and small companies have begun cutting down jobs, all citing economic trends, macroeconomic environment.
Just like Phase 3, in this round too, the NDA stands to lose ground due to the sheer number of seats it had won the last time — 39 of the 49 seats, of which the BJP alone had won 32.
India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
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