Meta Cuts Jobs in Reality Labs Division as VR Business Struggles
Meta implements layoffs across its Reality Labs division, affecting VR and AR teams including Oculus Studios and Supernatural. Despite strong Ray-Ban smart glasses sales, the division faces mounting losses as Quest headset sales decline and restructuring efforts continue.
Meta Raises Executive Bonuses to 200% While Laying Off Thousands
Meta approves substantial executive bonus increases up to 200% of base salaries, just one week after laying off 3,600 employees. The company defends the move as bringing compensation in line with industry peers, while reporting strong Q4 revenue growth of 21% to $48.4 billion.
Meta's Performance Rating Controversy: High Achievers Caught in Latest Layoff Wave
Meta's recent layoffs of 4,000 employees have sparked controversy as high-performing staff with positive reviews were unexpectedly terminated. The cuts, initially targeting low performers, expanded to include employees with strong track records, raising questions about the company's workforce reduction strategy.
Meta Dismantles All DEI Programs in Major Corporate Strategy Shift
Meta announced the immediate termination of all diversity, equity and inclusion initiatives, including its diverse hiring practices and supplier programs. The policy change follows similar rollbacks at other major corporations and has sparked concern among employees about the company's commitment to workplace diversity.
Bezos Backs Trump's Deregulation Agenda in Surprising Show of Support
Amazon founder Jeff Bezos made a striking pivot by endorsing Donald Trump's regulatory vision at the DealBook Summit, marking a significant shift from their previously antagonistic relationship. The billionaire joins other tech leaders like Musk and Zuckerberg in aligning with Trump while expressing optimism about the former president's evolved demeanor.
AI Pioneer's Foresight Leads to $552M Generative AI Infrastructure Success
Lin Qiao leveraged her tech expertise to create Fireworks AI, a platform democratizing generative AI development, before ChatGPT's rise. The company's explosive growth to a $552M valuation demonstrates both prescient timing and growing enterprise demand for AI infrastructure.