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FortuneMark Zuckerberg warned employees to prepare for an ‘intense year.’ He just laid off 3,600 workers—including some who claim they got glowing reviews
Ex-Meta employees have said they weren’t low performers, yet were laid off anyway.
- SETHLUI.COM
11 best office food suppliers in Singapore to satisfy your hunger pangs at work
The post 11 best office food suppliers in Singapore to satisfy your hunger pangs at work appeared first on SETHLUI.com.
- Washington Post
Tech layoffs reveal the unintended consequences of mass job cuts
For decades, Daelynn Moyer easily secured job offers in the tech industry, working her way up from a computer maintenance technician to a manager leading teams of engineers making software. A college dropout, she was confident tech work was her ticket to job security and she would stay in the industry until she retired. Now, Moyer, 55, isn’t so sure her future remains in tech. Since being laid off from Indeed last year, Moyer has applied to more than 140 jobs but received no offers. She and her
- Reuters
China's purchases of chipmaking equipment to decline in 2025, consultancy says
China's purchases of chipmaking equipment are set to decline this year after three years of growth, as the industry grapples with overcapacity and faces greater constraints from U.S. sanctions, a consultancy said on Wednesday. China has been the biggest buyer of wafer fabrication equipment for at least the past two years, purchasing $41 billion worth of tools and accounting for 40% of global sales in 2024, Canadian semiconductor research company TechInsights said. But this year, China's spending is expected to drop to $38 billion, down 6% year-on-year, and its share of global purchases will fall to 20% in the first decline since 2021, Boris Metodiev, a senior semiconductor manufacturing analyst at TechInsights, told an online seminar.
- Fortune
Karma is a powerful weapon in the war for talent
Also: Former Meta director sues, Nokia taps new AI-focused CEO.
- Reuters
Apple teams up with Alibaba to bring AI features for iPhones in China, The Information reports
The development could clear months of uncertainty over Apple's AI strategy for China, where it has been losing market share to domestic rivals, including a resurgent Huawei whose smartphones have included AI tools since last year. Apple stock rose 1.5% in early trading, while U.S.-listed shares of Alibaba gained 2.6%. Apple had selected Baidu as its main partner last year, but the Chinese company's progress in developing models for Apple Intelligence fell short of its standards, the report said.
- INSIDER
Federal workers describe being fired, unfired, and refired in 5 chaotic days
As Elon Musk's DOGE and the Trump administration push to scale back the federal workforce, a chaotic reversal happened at one agency over five days.
- Benzinga
Blackrock CEO Larry Fink Gave His 'Diagnosis' Of Retirement Crisis: Rely On Social Security Alone And 'You're Going To Be Living In Poverty'
BlackRock CEO Larry Fink isn't sugarcoating the problem: retirement in America is broken. In a March 2024 interview with Bloomberg, David Westin got straight to the point, asking Fink for his take on the crisis: "Give us your diagnosis of that problem." Fink clarified that millions of Americans aren't financially prepared for their later years. "We have still 57 million Americans who don't have any savings or any retirement plan," he stated. And if those people think Social Security alone will c
- People
William H. Macy Settles $600K Lawsuit from Neighbor Who Claimed He ‘Knowingly’ Destroyed His Trees
The 'Shameless' star was first sued by his neighbor in April 2023, over a year after the alleged incident occurred in December 2021
- Yahoo Finance Canada
This is how much Canadians expect they'll need to retire, according to a BMO survey
Canadians are managing to save more than in previous years for their retirement.
- USA TODAY
Consumers are boycotting major retailers. Here's what they plan for 'blackout' on Feb. 28
A growing number of organizations and activists are calling on consumers to boycott retailers. We explain why.
- BBC
Germany's once-mighty car industry is in crisis. What will it take to fix it?
The German auto manufacturing sector is struggling. Can it get back on the road to recovery?
- GOBankingRates
The Best Money You Can Spend To Ensure a Stress-Free Retirement in 2025
If you plan to retire in 2025, time is running short to get your finances ready for the next stage of your life. You might think of this as a time to rein in spending and you'd be right -- to a point....
- INSIDER
A list of companies that have pulled back on DEI, including Google, Target, Walmart, and Meta
The number of companies ending their diversity, equity, and inclusion programs continues to grow, with Google becoming one of the latest.
- Benzinga
World Economic Forum Predicts 170 Million New Jobs By 2030, But 92 Million Will Be Displaced–What Jobs Will Take A Hit?
The global job market is shifting, and by 2030, it's going to look pretty different. According to the World Economic Forum's Future of Jobs Report 2025, around 170 million new jobs will be created by the end of the decade. However, 92 million jobs will be lost, resulting in a net gain of 78 million positions. Changes in technology, climate policies, and demographics are the major drivers behind this transformation, benefiting some professions while reducing demand for others. Jobs on the Rise Ma
- SmartAsset
Ask an Advisor: I'm 63 and Don't Have a Nest Egg. What Are My Options for Retirement?
I'm 63 and have zero retirement, just Social Security benefits. How can I begin saving? And where can I begin investing this late in the game? -Rita Saving for retirement is certainly easier and has a greater impact on you … Continue reading → The post Ask an Advisor: I'm 63, Have No Retirement Savings and Will Rely on Social Security. How Do I Begin Saving? Is It Too Late to Start Investing ‘This Late in the Game'? appeared first on SmartAsset Blog.
- USA TODAY
Sean 'Diddy' Combs accused in new lawsuit of drugging and raping a John Doe in 2022
An anonymous John Doe claims in a new lawsuit that he was scouted while busking on a street and sexually assaulted by Combs after meeting him.
- Reuters
DuPont forecasts better-than-expected 2025 profit on strong electronics demand
(Reuters) -DuPont de Nemours on Tuesday forecast 2025 profit above Wall Street estimates on strong demand for electronics, sending shares of the industrial materials maker up nearly 7% in morning trading. A rapidly growing market for semiconductors used in artificial intelligence-based technology is benefiting DuPont, which supports advanced chip manufacturing, packaging and assembly processes. AI-related revenues jumped 30% in the fourth quarter and are expected to grow further this year when the company spins off its electronics segment, company executives said on a post-earnings call.
- Reuters
Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine
Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy over the war in Ukraine he has promised to end, a war that has supported oil prices on concerns about global supplies. U.S. West Texas Intermediate (WTI) crude settled down $1.95, or 2.66%, to $71.37. U.S. President Donald Trump discussed the war in Ukraine in phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy.
- Reuters
Barrick Gold beats profit estimates, announces new share buyback
(Reuters) -Canada's Barrick Gold announced a new $1 billion share buyback program as higher gold prices helped the company beat analysts' estimates for fourth-quarter profit on Wednesday. Shares of the company rose 6.6%, their highest since early November, as the gold miner also more than doubled its free cash flow in the quarter. Gold prices rose over 27% in 2024, their biggest yearly rise since 2010, driven by safe-haven demand, interest rate cuts and buying from central banks.