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- Iran war causing staycation spike – holiday firms
One man says he cancelled his holiday to Spain due to the rising costs and uncertainty. [TheTopNews] Read More.2 hours ago - Federal Court Temporarily Freezes Nexstar’s Merger With Tegna
The judge said the two television companies could not combine operations while an antitrust lawsuit proceeded. Nexstar said its deal was already done. [TheTopNews] Read More.4 hours ago - Meta plans to slash roughly 8,000 jobs next month: report
Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report.The tech giant intends to slash roughly 10% of its global workforce — or nearly 8,000 employees — in an initial round of cuts on May 20, sources told Reuters.The company is also planning additional layoffs in the second half of the year, though details including timing and scope remain unclear, the outlet reported.The report follows earlier Reuters reporting that Meta was weighing cuts that could affect at least 20% of its workforce as it seeks to offset rising artificial intelligence costs.ADL WARNS META POLICY SHIFT COULD HURT AD REVENUE AS REPORT NOTES RISE IN HATEFUL, EXTREMIST CONTENTWhen reached by FOX Business, Meta declined to comment.Previously, a Meta spokesperson told FOX Business the earlier Reuters report was "a speculative report about theoretical approaches."The cuts come as Meta looks to offset the cost of AI infrastructure and streamline operations with AI-assisted workers.META VOWS APPEAL OF 'LANDMARK' SOCIAL MEDIA VERDICTS, WARNS OF FREE SPEECH EROSIONCEO Mark Zuckerberg has invested billions of dollars in artificial intelligence as the company pivots toward the technology.Meta has also reorganized teams within its Reality Labs division and moved engineers into a new Applied AI group focused on developing AI agents capable of writing code and performing complex tasks, according to Reuters.Meta employed nearly 79,000 people as of Dec. 31, according to its latest filing.META'S BAY AREA LAYOFFS AFFECT ROUGHLY 200 WORKERS AS COMPANY POURS BILLIONS INTO AI INFRASTRUCTUREA 20% reduction would mark Meta’s largest restructuring since 2022 and early 2023.The company laid off 11,000 workers in November 2022 — about 13% of its workforce — and cut another 10,000 jobs months later.Other major companies, including Amazon, have also announced layoffs linked to AI developments.GET FOX BUSINESS ON THE GO BY CLICKING HEREAmazon said in January it would cut around 16,000 jobs after previously announcing about 14,000 white-collar layoffs in October, bringing total reductions to roughly 30,000 roles.Reuters contributed to this report. [TheTopNews] Read More.6 hours ago - Mortgage rates show signs of falling after Iran war peakMajor lenders make rate reductions as markets take some heart from a possible truce in the Iran war. [TheTopNews] Read More.8 hours ago
- ‘I’m the lucky one’ – more than one in three young men n...Last year, the highest proportion of men aged 20-34 were still living at home since at least 2007 as the rising cost of living takes hold. [TheTopNews] Read More.8 hours ago
- Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran SayStatements from President Trump and Iran aimed to raise confidence in the safety of the waterway, but shipping experts said risks remained. [TheTopNews] Read More.9 hours ago
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