Facebook parent Meta to cut 10,000 further jobs and cancel 5,000 job listings
Meta Platforms Inc. ...
Meta Platforms Inc. META plans to lay off 10,000 more employees as it focuses on “efficiency” and cost cutting. The company announced its latest bout of layoffs in a Tuesday morning note to employees that was also shared on the company’s corporate blog. The company slashed more than 11,000 jobs back in November. “With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Chief Executive Mark Zuckerberg said Tuesday. The company plans to let recruiting staffers know of their status tomorrow and announce the impact to tech and business teams in April and May, respectively. He noted that Meta would also close about 5,000 additional roles that the company has yet to hire for.
US stock futures fall early Tuesday but rebounded at the open, as investors brace for...
US stock futures fall early Tuesday but rebounded at the open, as investors brace for the key inflation report which could signal whether the Fed will pause rate hikes this month. Meanwhile, shares of First Republic Bank were up more than 20% in premarket, after closing down nearly 62% Monday. Here are the latest market moves.
Earnings on deck: Volkswagen, Guess?, and more, all reporting.
Fresh inflation data released Tuesday could make...
Fresh inflation data released Tuesday could make the Federal Reserve’s interest rate decision next week a fraught one: Price increases showed signs of remaining stubborn, which would usually call for higher rates, even as the turmoil sweeping the banking system spurs calls for caution.
Inflation cooled slightly on an annual basis, with the Consumer Price Index climbing 6 percent in the year through February. That was down from 6.4 percent in January, and matched the slowdown that economists expected.
Flared gas to power some of Riley Exploration's operations
In an effort to reduce operating costs, improve reliability and lower emissions, Riley Exploration Permian...
In an effort to reduce operating costs, improve reliability and lower emissions, Riley Exploration Permian has teamed up with Conduit Power to use captured flared natural gas for on-site electricity generation at its facilities in Yoakum County, Texas. The project will offer 20 megawatts of on-site generation upon its expected completion by late 2023 or early 2024.
