Meta cuts more than 11,000 jobs; biggest cuts in Facebook parent company’s history; Midterm elections: Close fight between Democrats and Republicans; UN General Assembly to vote on Russian reparations; North Korea fires another ballistic missile, South identifies salvaged debris as part of Soviet-era weapon.
Zoom to Lay Off , 15% of Its Workforce.
CNBC reports that the company made the announcement on Feb. 7 via a blog post.
1,300 workers will be let go.
CEO Eric Yuan cited the need to navigate the "uncertainty of the global economy.".
We worked tirelessly and made Zoom better for our customers and users. But we also made mistakes, Eric Yuan, Zoom CEO, via blog post.
We didn’t take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities, Eric Yuan, Zoom CEO, via blog post.
As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions, Eric Yuan, Zoom CEO, via blog post.
According to Yuan, every organization
within Zoom will be impacted.
Those who lose their jobs will receive up to
16 weeks of salary and health insurance.
Yuan said he will reduce his upcoming
fiscal year salary by 98% and will forfeit
his 2023 bonus to help the company.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce
Credit: Wibbitz Top Stories Duration: 01:30Published
Dell to Lay Off , 6,650 Workers.
CNBC reports that Dell made the announcement on Feb. 6 in an SEC filing. .
About 6,650 employees, 5% of the
company's workforce, will be let go.
Jeff Clarke, co-chief operating
officer at Dell, said the layoffs were necessary
to "stay ahead of downturn impacts.".
Unfortunately, with changes like this, some members of our team will be leaving the company. , Jeff Clarke, co-chief operating officer at Dell,
via memo to employees.
There is no tougher decision, but one we had to make for our long-term health and success, Jeff Clarke, co-chief operating officer at Dell,
via memo to employees.
We will be ready when
the market rebounds, Jeff Clarke, co-chief operating officer at Dell,
via memo to employees.
Layoffs in the tech industry have become
an overwhelming trend as of late. .
Salesforce, Microsoft, Google.
Salesforce, Microsoft, Google.
Salesforce, Microsoft, Google.
Paypal, Amazon, IBM.
Paypal, Amazon, IBM.
Paypal, Amazon, IBM.
Meta and Twitter have laid off
thousands of employees.
Meta and Twitter have laid off
thousands of employees.
According to website Layoffs.fyi,
67,000 job cuts have been announced by
tech companies so far in 2023
Credit: Wibbitz Top Stories Duration: 01:30Published
Stock Markets Rally , as Meta Leads , Tech Comeback.
On February 2, the S&P 500 jumped to its highest level
in five months as better-than-expected results from
Meta improved the outlook for technology shares. .
NBC reports that a faltering
technology sector led
the market lower in 2022.
The broader market index
climbed 1.2% to reach its
highest level since last August.
The Nasdaq Composite jumped
up 3% to reach its highest
level since September.
Meanwhile, the DOW Jones
Industrial Average underperformed,
dropping 155 points. .
NBC reports that the DOW was dragged down by
Merck after the pharmaceutical firm issued a weak
outlook with the company's latest earnings results.
NBC reports that the DOW was dragged down by
Merck after the pharmaceutical firm issued a weak
outlook with the company's latest earnings results.
In its best day since 2013, Meta leapt up over
27% after reporting a fourth-quarter beat on
revenue and announcing a huge $40 billion buyback.
In its best day since 2013, Meta leapt up over
27% after reporting a fourth-quarter beat on
revenue and announcing a huge $40 billion buyback.
NBC reports that other tech stocks rose on the
positive Meta results, with shares of Google parent
Alphabet up over 6% and Amazon up more than 7%.
NBC reports that other tech stocks rose on the
positive Meta results, with shares of Google parent
Alphabet up over 6% and Amazon up more than 7%.
So far in 2023, the S&P 500 information
technology sector is up over 14%,
following a decline of over 28% in 2022.
It’s showing that growth is outperforming
value as it unwinds some of the pressures
that hawkish rhetoric brought to risk
markets over the course of 2022, Keith Buchanan, senior portfolio manager
at GLOBALT Investments, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Refuting allegations that it is sharing personal and sensitive information of users with others, including its parent company Meta (earlier Facebook), WhatsApp.. IndiaTimes
Facebook's parent firm recorded a 55% drop in profits during the final quarter of 2022 - the result of a $4.2bn restructuring charge that included the cost of.. Sky News
This Day in History:, Facebook Launches.
February 4, 2004.
Initially called "The Facebook,"
the site was launched
on this day by Harvard
sophomore Mark Zuckerberg.
"The Facebook" served as a social network for
Harvard students to connect with their classmates.
It was based on Zuckerberg's other
social media site, FaceMash,
in which male students voted on
the attractiveness of female students.
By the end of the first day,
more than 1500 Harvard students
signed up for "The Facebook.".
Today, Facebook has more
than 2.8 billion users worldwide.
The platform continues to
stir controversy over privacy
and data sharing concerns
Credit: Wibbitz Top Stories Duration: 00:50Published
Train services have been severely disrupted as rail workers stage a walkout in the first of a wave of 48-hour strikes. Workers are pressing ahead with two 48-hour strikes at Network Rail and 14 train companies from Tuesday and Friday after two-thirds of RMT's members rejected the latest pay offer from the government.
Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
ITV News speaks to a Oliwia Szewc who tried to save three boys who died after falling through ice at a Solihull park lake on Sunday afternoon. She says she was trying to find branches from trees to pass the boys in the water but they were "too short". Olivia says "I was just clueless, I tried to help, but I couldn't".
ITV News credit must remain visible at all times Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
An ITV News investigation has uncovered evidence of how firefighters in South Wales fire and rescue service have kept their jobs, despite sexually harassing and abusing women. Shirley, who suffered abuse while working as a cleaner for the fire service, says she feared one fireman would rape her after exposing himself on night shifts before "getting closer and closer" to her. South Wales Fire Service says it will launch an independent review of its culture and discipline procedures. The Prime Minister also says the abusive behaviour should be looked into.
ITV News credit must remain visible at all times
Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has unveiled a five-point plan to tackle “unfair” illegal immigration - specifically targeting those arriving from Albania. It is also being deemed a “safe country”, meaning the “majority of claims” will be rejected.
Report by Burnsla. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak takes a tour of the operations room of a Border Force hub in London. The prime minister's visit comes after he announced his plan to tackle illegal migration in the House of Commons. This comes as the PM announces a new agreement with Albania which will install Border Force officers at Tirana airport to stop people traffickers.
Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Nick Jonas shared a few heartwarming family photos with Priyanka Chopra and his daughter Malti Marie from their recent holiday. In the pictures, the two of them are seen playing with snow and posing with their daughter Malti Marie Chopra Jonas, and enjoying themselves with their friends.
#PriyankaChopra #NickJonas #MaltiMarieChopraJonas
South Korea's Yonhap news agency reported that on Wednesday, North Korea held a widely anticipated nighttime military parade. The event was expected to showcase the country's latest weapons to mark the founding anniversary of its army. According to international analysts, commercial satellite imagery has for months shown North Korean troops practising for a major parade.
#NorthKorea #KimJongUn #MilitaryParade
CBI has arrested the ex-aid of Telangana CM’s daughter who allegedly played role in the formulation and implementation of the now-scrapped Delhi Excise Policy.
#KCR #TelanganaCM #DelhiliquorScam
Ukraine's Volodymyr Zelenskyy visits the UK for the first time since Russia’s invasion; New Zealand drug bust: 3.2 tonnes of Batman-labelled Cocaine seized in the Pacific Ocean; Turkey Earthquake: 4.3 magnitude quake its Nurdagi, death toll crosses 8,000 mark; China spy balloon: US Navy releases photos of debris.
#VolodymyrZelenskyy #RishiSunak #UK
Kiara Advani and Sidharth Malhotra, who married on February 7th in Rajasthan, have posted their wedding album on Instagram. They shared three gorgeous photos, including one of Sidharth kissing his bride. The caption the newlyweds chose is cute as they took it from the movie Shershaah, the 2021 film in which they co-starred and where the love story all began.
#KiaraAdvani #SidharthMalthotra #Sidkiarawedding
5 , Takeaways From Biden’s , State of the Union Address.
President Biden delivered
a State of the Union address on Feb. 7.
These were some of the key moments:.
President Biden delivered
a State of the Union address on Feb. 7.
These were some of the key moments:.
1. , Biden may have convinced Democrats that he
has enough vigor to run for reelection in 2024.
While many previous polls have signaled
that Democrats want a different candidate for 2024, Biden's quick wit and humor during his speech
may have changed some minds.
2. , He tried to bait Republicans,
and it appears to have worked.
Biden confronted Republicans on wanting to
reduce Social Security and Medicare spending and ultimately claimed there was "unanimity" that
those programs are "off the books now.".
3. , The president addressed economic progress
and plans to help blue-collar workers.
While Biden touched on spending that would create high-paying jobs for people without college degrees, his main focus was on the economic gains his administration has made.
While Biden touched on spending that would create high-paying jobs for people without college degrees, his main focus was on the economic gains his administration has made.
4. , He spoke of domestic and
international threats to democracy.
But Biden encouraged Americans to stay optimistic so that supporters of democracy around the world may be inspired.
But Biden encouraged Americans to stay optimistic so that supporters of democracy around the world may be inspired.
5. , Biden received a bipartisan standing ovation for his comments on police accountability because he also showed his appreciation for law enforcement.
5. , Biden received a bipartisan standing ovation for his comments on police accountability because he also showed his appreciation for law enforcement.
We all want the same thing — neighborhoods free of violence, law enforcement who earn the community's trust, our children to come home safely, equal protection under the law, President Joe Biden, via State of the Union address.
That's the covenant we have with each other in America. And we know police officers put their lives on the line every day, and we ask them to do too much, President Joe Biden, via State of the Union address
Credit: Wibbitz Top Stories Duration: 01:31Published
Poll Suggests Democrats , Say 'No' to Joe , in 2024 Election.
On February 6, a pair of polls were released that suggest President Biden's support is dwindling ahead of his potential 2024 bid for re-election.
'New York Post' reports that an Associated Press-NORC
Center for Public Affairs Research poll shows that just
37% of Democrats say they support Biden's re-election.
That number is down from 52% in October of 2022. .
According to the poll, 62% of Democrats
want a different candidate to be the party's
standard-bearer in the upcoming presidential bid.
The poll also found that 78% of Americans,
both Republican and Democrat, feel Biden
should not run for a second term.
According to a Washington Post-ABC News survey,
41% of people in the U.S. said they were worse off
financially than they were when Biden took office.
'New York Post' reports that it's the highest percentage of people to give that response since 1986 and six percentage
points higher than it was at the same time last year.
According to the same poll, 62% of Americans feel
that Biden has accomplished "not very much" or
"little or nothing" in his first two years as president.
According to the AP poll, respondents
found the president's age to be a liability
and support a new generation of leaders. .
The poll found that 43% of people in the U.S. say they have
"hardly any" confidence in Biden's ability to handle a crisis,
manage the military or take action against corruption
Credit: Wibbitz Top Stories Duration: 01:31Published
Congressional Leaders , Expecting Top-Level Briefing , on Chinese Spy Balloon.
Fox News reports that leaders in Congress are expected
to receive a top-level briefing on the intelligence
gathered by a suspected Chinese spy balloon. .
Fox News reports that leaders in Congress are expected
to receive a top-level briefing on the intelligence
gathered by a suspected Chinese spy balloon. .
The briefing will also include President Biden's decision
to shoot down the suspected spy balloon, which was said
to be carrying sensors and surveillance equipment.
The briefing is expected to include the Gang of Eight,
which includes the ranking members of the House and Senate
intelligence committees and party leaders from both chambers. .
The briefing is expected to include the Gang of Eight,
which includes the ranking members of the House and Senate
intelligence committees and party leaders from both chambers. .
Fox News reports that Republicans have called
for a closer look at Biden's decision-making regarding
the balloon, which traveled across the entire U.S.
before being shot down.
Fox News reports that Republicans have called
for a closer look at Biden's decision-making regarding
the balloon, which traveled across the entire U.S.
before being shot down.
Meanwhile, Democrats have praised Biden's handling
of the incident, arguing that waiting to shoot down
the craft over water was done with safety in mind.
According to the Biden administration,
the U.S. gained a significant amount of intelligence
on the craft by allowing it to cross the continent.
Fox News reports that complaints by the GOP
largely revolve around the Biden administration's
delay in notifying the public regarding the issue.
The Biden administration reportedly
learned of the CCP spy balloon on
January 28th – nearly a week before
residents in Montana spotted
the balloon loitering over their state, Mike Rogers, R-Ala, House Armed Services
Committee Chairman, via Fox News.
It’s clear the Biden administration
had hoped to hide this national
security failure from Congress
and the American people, Mike Rogers, R-Ala, House Armed Services
Committee Chairman, via Fox News
Credit: Wibbitz Top Stories Duration: 01:31Published
FTX Asks for Its Political Donations , to Be Returned.
Insider reports that the bankrupt crypto exchange made the request on Feb. 5.
Any politicians or political action committees who received donations made by FTX founder Sam Bankman-Fried,
FTX executives or other related companies...
... are being asked to
return donations by Feb. 28.
If payments aren't returned by then,
donation recipients may be called to bankruptcy court with added interest.
According to 'The New York Times,' politicians received $90 million from FTX employees.
Bankman-Fried, former CEO of FTX Bahamas headquarters Ryan Salame and FTX's former director of engineering, Nishad Singh, .
respectively donated $40 million, $23 million and $7.9 million to Democratic causes.
Nancy Pelosi and John Fetterman are among the high-profile politicians who received donations.
Nancy Pelosi and John Fetterman are among the high-profile politicians who received donations.
According to CoinDesk, as of mid-January, neither of them had returned the funds.
According to CoinDesk, as of mid-January, neither of them had returned the funds.
Only five out of 196 politicians had reportedly complied with FTX's request at that time
Credit: Wibbitz Top Stories Duration: 01:30Published
Rep. Nancy Pelosi says she isn't hearing so much as a peep from across the aisle when it comes to apologies for Republican conspiracy theories about the attack.. TMZ.com
The IAF has now launched the hunt for new medium transport aircraft (MTA) to replace its old Soviet-origin AN-32 fleet, in a move which comes even as the mega Rs.. IndiaTimes
Ukraine’s President Volodymyr Zelenskyy wants to visit the United Nations to address a high-level meeting of the 193-member General Assembly on the eve of the first anniversary of Russia’s invasion, a senior Foreign Ministry official said Friday.
Credit: euronews (in English) Duration: 01:00Published
This Day in History:, First Meeting of
the United Nations.
January 10, 1946.
The first U.N. meeting,
comprised of 51 nations,
convened at Westminster
Central Hall in London.
The groundwork for this first meeting
had been laid by the Allies in 1944
at the Dumbarton Oaks
conference in Washington, D.C.
The United Nations Charter
was drafted by the nations
a year later in San Francisco.
The new organization
was to yield much more
power over its members than
the defunct League of Nations.
Two weeks after its first meeting,
the General Assembly adopted
its first resolution:.
the measure called for the peaceful uses
of atomic energy and the elimination of
atomic and other weapons of mass destruction
Credit: Wibbitz Top Stories Duration: 00:53Published
Russia’s foreign minister Sergey Lavrov has backed India’s entry into the United Nations Security Council (UNSC) as a permanent member, ahead of special events in the UNSC hosted by India on counter-terrorism and reformed multilateralism this week. Previously Lavrov while addressing the 77th United Nations General Assembly in September this year said that the Security Council will be more democratic if countries from Africa, Asia and Latin America are included.
#Russia #India #UNSC
How FACEBOOK aka META tried to CANCEL Your American Flag Store! Mark Zuckerberg is killing the American Dream and his attacks on the American Families chasing their American Dreams need to Stop!
"Meta boss Mark Zuckerberg has admitted he was ""wrong"" over his plans for the company, after the owner of Facebook and Instagram announced it was laying..
Meta Announces Plan , to Lay Off 11,000 Employees.
CNN reports that Facebook's parent company, Meta,
is getting ready to lay off 11,000 employees, the
largest job cut in the social media giant's..
Credit: Wibbitz Top Stories Duration: 01:30Published
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