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Amazon Plans To Lay Off Around 10,000 Employees, Report Says Amazon Plans To Lay Off Around 10,000 Employees, Report Says
Amazon Plans To Lay Off Around 10,000 Employees, Report Says A week before the holiday shopping season officially kicks off, Amazon is set to begin laying off approximately 10,000 corporate and technology employees, The New York Times reports. Job cuts at the online retail giant were expected to start the week of Monday, Nov. 14, and will primarily affect Amazon’s retail, devices, and human resources divisions, according to the outlet. The largest in its history, the layoffs would impact 1 percent of the company’s global workforce and 3 percent of its corporate employees. It follows several other cost-cutting moves that CEO Andy Jassy has implemente…

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by Michael Mashburn
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
Major Companies Say They'll Cover Employee Travel Expenses For Abortions Major Companies Say They'll Cover Employee Travel Expenses For Abortions
Major Companies Say They'll Cover Employee Travel Expenses For Abortions Several major media companies will cover travel costs for employees seeking abortions in response to the Supreme Court overturning Roe vs. Wade, Variety reports.  This comes after the court ruled 6-3 to overturn people's constitutional right to the procedure on the morning of Friday, June 24. Companies including Disney, Netflix, Paramount, Comcast, Sony and Meta confirmed to Variety that they will be reimbursing their employees who travel across state lines to get an abortion. You can read what these companies said by clicking here. 

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by David Cifarelli
Business
Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World
Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World Facebook CEO Mark Zuckerberg has announced a name change and a new logo for the company. Facebook is being rebranded as "Meta," according to an announcement on Thursday, Oct. 28.  Zuckerberg said the company's mission remains the same, and the apps and its existing brands aren't going to change with the company's new branding. However, he said all the company's products now share a "new vision." "From now on, we will be metaverse-first, not Facebook-first," he said. "That means that over time you won’t need a Facebook account to use our other services. As our new brand starts showing…

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by Nicole Valinote