Meta begins 5% workforce reduction as part of strategic shift towards AI
Meta begins 5% workforce reduction as part of strategic shift towards AI

Meta Platforms, the parent company of Facebook, has launched a series of performance-based layoffs, reducing its global workforce by 5%, or approximately 4,000 employees. This move is in line with CEO Mark Zuckerbergs strategy to raise the bar on performance and streamline operations. Employees...

Intel CEO Gelsinger steps down amid struggles to regain chipmaking lead
Intel CEO Gelsinger steps down amid struggles to regain chipmaking lead

Intel announced on Monday that CEO Pat Gelsinger resigned after less than four years in the role, handing control to interim co-CEOs as the company seeks a permanent replacement. Gelsinger, who stepped down on Dec. 1, had led Intel through an ambitious, costly plan to reclaim its dominance in...