Friday, April 25, 2025

Meta lays off employees in Reality Labs division: Report

While the exact number of layoffs is not yet known, these latest layoffs follow a broader round of job cuts in February, when Meta reduced its workforce by nearly 3,600 roles—about 5% of its global headcount—citing performance-related concerns. The downsising aligns with CEO Mark Zuckerberg’s push to build a leaner, more agile organisation.

from Tech-Economic Times https://ift.tt/7lUOxuH

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Zetwerk IPO: Size, valuation, timeline and other details we know so far

Zetwerk is preparing to confidentially file IPO papers to raise up to $550 million at a $4 billion valuation, including fresh equity and OFS...