Facebook owner Meta will lay off more than 11 000 of its staff in"the most difficult changes we've made in Meta's history", boss Mark Zuckerberg said on Wednesday.
Zuckerberg told staff he had expected the boost in e-commerce and online activity during the Covid pandemic to continue, but added:"I got this wrong, and I take responsibility for that." Meta would also keep a hiring freeze going into next year, he said, and other spending cuts were envisaged. Net losses at the Mumbai-headquartered automaker narrowed to 9.45 billion rupees in the July-to-September quarter, compared to a loss of 44.42 billion rupees in the same period last year.
"Demand for our most profitable and desired vehicles remains strong," JLR chief Thierry Bollore said in a statement. But commercial vehicle exports fell 22 percent in the quarter, impacted by"financial crisis in few export markets", with commodity price inflation and foreign exchange movements also eating into profit margins.
The new estimates reflect the high seasonality of the Yeezy business geared towards the fourth quarter, the company said.was axedOn Wednesday, Adidas reported third-quarter net income from continuing operations of 66 million euros, revising down its preliminary figure by almost two-thirds following the end of the partnership.
Biden's Democrats are facing a gargantuan struggle to hang onto control of Congress, and a Republican victory could pave the way for a White House comeback bid by Donald Trump. Tokyo was down 0.2 percent at the break, while Hong Kong lost 0.1 percent in morning trade, with Shanghai up 0.3 percent. The consumer price index -- the main gauge for retail inflation -- rose by 2.1 percent on-year in October, moderating slightly from September's two-year high of 2.8 percent.
The firm said on Tuesday the A$350 million sale to Italian industrial group Webuild, which has a history of working with Clough, would also involve a $500 000 cash payment, along with the loan cancellation of the loan, which is between Clough and the M&R’s holding company in Australia. Shares fell in Hong Kong and Shanghai as speculation about a possible rollback of China's strict zero-Covid policies fuelled volatility, even after the government vowed to stick with its harsh lockdowns and testing regimes.
_Business But people complain about elonmusk ? Lol