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Economic Downturn

Business
Facebook Parent Company Meta Laying Off More Than 11,000 Workers Facebook Parent Company Meta Laying Off More Than 11,000 Workers
Facebook Parent Company Meta Laying Off More Than 11,000 Workers Meta, the parent company of Facebook, has just announced it is laying off more than 11,000 employees, about 13 percent of its workforce. "Today I’m sharing some of the most difficult changes we’ve made in Meta’s history," CEO Mark Zuckerberg began in a letter to employees Wednesday morning, Nov. 9. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1 (the first quarter). "I want to take accountability for these decisions and for how we got here. I know this …

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by Joe Lombardi
Business
COVID-19: Western Mass Businesses Start GoFundMe Campaigns To Stay Open COVID-19: Western Mass Businesses Start GoFundMe Campaigns To Stay Open
Covid-19: Western Mass Businesses Start GoFundMe Campaigns To Stay Open Several local businesses have started GoFundMe campaigns to make ends meet as the pandemic-induced economic downturn continues to eat away at revenue. Among the businesses that have resorted to fundraising are: Gateway City Arts, of Holyoke; Barts and Snows Ice Cream, of Greenfield; And Odyssey Bookshop, of South Hadley. Here's why ... GATEWAY CITY ARTS, Holyoke Seeking: $70,000 Raised: $29,412 Recipient of GoFundMe Small Business Relief grant ($500) The first donation was made one month ago. Gateway City Arts is a converted mill building in the Holyoke Canal District that has prov…

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by Kristin Palpini