he accepts blame for the moves, calling them"some of the most difficult changes we've made in Meta's history."
Those results have helped send its shares down by more than 70% this year. On Wednesday, following its cost-cutting announcement, Meta's stock price rose by nearly 6% in early trading. Meta plans to pay laid off U.S. workers 16 weeks of base salary as severance, plus two weeks for every year they worked at the company, it said. Cut workers will also get six months of health-care coverage along with career services and immigration support, if they want, it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dallas names Patrick Carreno as interim director of aviation - Dallas Business JournalDallas Love Field has a new leader following the retirement of Mark Duebner, who had served as director of aviation in Dallas since 2011.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Facebook parent company Meta will lay off 11,000 employees | CNN BusinessFacebook-parent Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant's history. Great :) meta must down finkd For once, be a patriot and keep US citizens employed and lay off the H1, L1 and F1 OPT visa holders! If you don’t, you’ll always have the reputation of someone who puts profit before country! Maybe conspiring with Putin and the GOP to steal the 2016 election wasn't the best idea, Zuckerberg.
Source: cnni - 🏆 326. / 59 Read more »
The cities where sky-high wage growth is outpacing inflation - Dallas Business JournalMany employees have received larger-than-normal raises in 2020, but it often hasn't been enough to keep pace with inflation. But there are some exceptions.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Here's how much economic impact commercial service at McKinney National Airport could provide - Dallas Business JournalMore than 1,000 jobs would be created by the airport directly when commercial service starts in 2026 and the total economic impact would be $615 million to $850 million, according to a study.
Source: DallasBizNews - 🏆 525. / 51 Read more »
3,400-home Painted Tree development in McKinney weathering tougher housing market - Dallas Business JournalHere’s how Painted Tree in McKinney, one of the largest and most closely watched infill housing communities underway in North Texas, is adjusting to a changing market.
Source: DallasBizNews - 🏆 525. / 51 Read more »
New projects in North Texas for November 9, 2022 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »