Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?

Social media and tech giant Meta is reportedly gearing up for “large-scale layoffs” this week amid rising costs and a recent collapse of its share price. According to Wall Street Journal (WSJ) report on Nov. 6 citing people familiar with the matter, the planned layoffs could impact thousands of employees in a broad range of … Read more

Meta will reportedly announce ‘large-scale’ layoffs next week

Facebook parent company Meta could announce large-scale layoffs as early as next week, according to The Wall Street Journal. The outlet reports the company is planning to cut “many thousands” of employees, with an announcement coming as soon as Wednesday. Meta currently employs more than 87,000 individuals. The cuts could be the largest workforce reduction … Read more

Large-scale cloud adoption can add 14 mn jobs, $380 bn to GDP by 2026: NASSCOM

Large-scale cloud adoption can contribute $380 billion to India’s GDP as well as add 14 million direct and indirect job opportunities by 2026, said a report. The National Association of Software and Services Companies (NASSCOM) launched a report titled ‘Future of Cloud and Its Economic Impact: Opportunity for India’ that stated that a concerted all-round … Read more