Streetbeat News

Labor Issues

META

Meta is planning to cut thousands of jobs as part of a strategy to focus on AI investment and improve efficiency. This move targets low-performing employees and aligns with a broader industry trend towards leaner operations.

Portfolio Pulse from

February 09, 2025 | 10:15 am

BA

Boeing has announced potential layoffs of around 400 employees due to delays in NASA's Artemis program, specifically affecting the Space Launch System moon rocket project.

Portfolio Pulse from

February 09, 2025 | 7:00 am

BA

Boeing has announced potential layoffs in its Space Launch System moon rocket program, anticipating around 400 fewer positions due to changes in NASA's Artemis program and cost expectations.

Portfolio Pulse from

February 08, 2025 | 4:15 am

ONCY

Oncolytics Biotech Inc. announced that Matt Coffey, Ph.D., will not return as CEO due to health concerns. The company will begin searching for a new CEO immediately.

Portfolio Pulse from

February 08, 2025 | 2:45 am

META

Meta is initiating its previously announced workforce reduction, starting on February 10. Employees affected will be notified via email and cut off from internal systems within an hour.

Portfolio Pulse from

February 08, 2025 | 1:45 am

META

Meta is set to reduce its workforce by 5% as part of CEO Mark Zuckerberg's initiative to 'raise the bar' on performance. Affected employees will be notified via email.

Portfolio Pulse from

February 07, 2025 | 10:30 pm

META

Meta Platforms is planning company-wide layoffs next week while continuing to hire machine learning engineers, according to internal memos.

Portfolio Pulse from

February 07, 2025 | 10:15 pm

ACN

Accenture, a global IT services company with approximately 799,000 employees, is planning to phase out its diversity, equity, and inclusion (DEI) policies, as revealed in an internal memo.

Portfolio Pulse from

February 07, 2025 | 4:45 pm

META

Meta is preparing to notify employees affected by performance-based job cuts, as revealed in a leaked internal memo. The notifications are set to begin on Monday.

Portfolio Pulse from

February 07, 2025 | 4:00 pm

BLK

BlackRock plans to hire 1,200 workers in India to enhance its AI capabilities, aligning with its growth strategy.

Portfolio Pulse from

February 07, 2025 | 3:00 pm