News & Reviews:   layoff

Previously, we reported that Meta is laying off more than 11,000 employees amidst a decline in revenue and now, more details have come out regarding the company’s workforce reduction. One of the more interesting detail that emerged from the whole situation is that Meta had an ongoing project to develop a smartwatch that would compete with the Apple Watch but the development has been scrapped as part of the company’s cost-cutting effort.

Meta is about to follow Twitter's footsteps to have a big-scale employee layoff. Recently, CEO Mark Zuckerberg shared that the company would cut off about 13% of employees, around 11,000 jobs, through a blog post.

Intel could be planning for another huge employee cutdown since 2016. Reports are saying that the chip-making company will do so to cope with the PC market decline. If it were true, the layoffs would get announced as early as this month.