Tag #Tech Industry

lemonde.fr
🌐 85% Global Worthiness
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Meta to Lay Off 3,600 Employees, Align Policies with Trump and Musk

Meta, the parent company of Facebook, Instagram, and WhatsApp, plans to lay off approximately 3,600 employees, or 5% of its workforce, by the end of 2024, as part of a broader efficiency initiative and shift in company priorities.

Progress

68% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Meta to Lay Off 3,600 Employees in Restructuring

Meta plans to lay off approximately 3,600 low-performing employees, representing 5% of its workforce, to improve efficiency and bring in new talent; this comes amid broader changes in the company's approach to content moderation and political alignment.

Progress

44% Bias Score

Decent Work and Economic Growth
cnnespanol.cnn.com
🌐 75% Global Worthiness
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Meta to Lay Off 3,600 Employees Amidst Policy Overhaul

Meta will lay off approximately 3,600 employees, or 5% of its workforce, due to underperformance, as part of broader policy changes that include relaxing content moderation and ending third-party fact-checking programs, prompting criticism of political motivations.

Progress

44% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 85% Global Worthiness
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Musk's Engineer Shortage Claim: Data, H-1B Debate, and Future Policy

Elon Musk's recent claim of a U.S. shortage of top engineers, countered by data showing record STEM degrees and projected job growth, highlights the debate surrounding the H-1B visa program's impact on American workers and its role in tech innovation.

Progress

16% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 90% Global Worthiness
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Tech Giants' Shift from Protest to Deference Under Trump

Following Trump's 2017 travel ban, major tech companies protested; however, this year, CEOs such as Mark Zuckerberg (Meta) and others made significant financial contributions to Trump's campaign, ended fact-checking and diversity initiatives, and sought his favor.

Progress

64% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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U.S. Job Growth Strong Despite Tech Layoffs

Despite exceeding expectations with 2.32 million new jobs in 2024 and a 4.1% unemployment rate in December, the U.S. job market faces significant layoffs in tech and finance due to AI, impacting white-collar workers; however, job growth in healthcare and retail remains strong.

Progress

40% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 85% Global Worthiness
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Tech CEOs to Attend Trump's Inauguration

Elon Musk, Jeff Bezos, and Mark Zuckerberg will attend Donald Trump's inauguration on January 20th, signaling strengthened ties between the tech industry and the incoming president, despite past tensions.

Progress

56% Bias Score

Reduced Inequality
tr.euronews.com
🌐 85% Global Worthiness
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Meta Announces Layoffs of Approximately 3,600 Employees

Meta, employing 72,404 people globally, announced layoffs affecting approximately 3,600 employees (5%) due to underperformance following a challenging year of increased competition in AI and heavy data center investments. Performance-based terminations include "generous severance packages.

Progress

44% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Microsoft Pauses Hiring in U.S. Consulting Division to Cut Costs

Microsoft's U.S. consulting division is pausing hiring and cutting spending through June 2025 to reduce costs, following recent layoffs and slower growth compared to other sectors; the company is still investing in AI.

Progress

36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Canadian Tech Sector's Disappointment with Trudeau's Innovation Policies Fuels Support for Conservatives

Canadian tech leaders express deep disappointment with Justin Trudeau's Liberal government's innovation policies, citing punitive capital-gains taxation, slow implementation of programs like SR&ED, and resulting uncertainty; many now openly support the Conservative party.

Progress

56% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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Meta Ends DEI Programs Amid Legal and Political Pressure

Meta ended its diversity, equity, and inclusion (DEI) programs on Friday, eliminating its DEI team and changing hiring and supplier diversity practices, citing shifting legal landscapes and concerns about preferential treatment.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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H-1B Visa Dispute Exposes Deep Divisions in Trump's Coalition

A dispute over H-1B visas, pitting Steve Bannon against Elon Musk, has exposed deep divisions within Trump's coalition and the Democrats, highlighting the tension between economic interests and immigration policy, and foreshadowing future conflicts within the administration.

Progress

52% Bias Score

Decent Work and Economic Growth