#businessupdate
Meta to Lay Off Thousands as AI Spending Reaches New Highs
Meta is preparing to reduce its global workforce as part of a broader strategy to increase investment in artificial intelligence. In an internal communication to employees, the company outlined plans to cut approximately 10 percent of its workforce, affecting around 8,000 employees, while also pausing hiring for numerous open positions. The move reflects a shift in priorities as Meta accel
Meta to Lay Off Thousands as AI Spending Reaches New Highs
Meta is preparing to reduce its global workforce as part of a broader strategy to increase investment in artificial intelligence. In an internal communication to employees, the company outlined plans to cut approximately 10 percent of its workforce, affecting around 8,000 employees, while also pausing hiring for numerous open positions. The move reflects a shift in priorities as Meta accel
Odisha Set for New Steel Plant as JSW Steel Partners with POSCO
JSW Steel and POSCO have entered into a joint venture agreement to establish a new steel manufacturing plant in Odisha. The development comes at a significant time, coinciding with the official visit of the South K
Odisha Set for New Steel Plant as JSW Steel Partners with POSCO
JSW Steel and POSCO have entered into a joint venture agreement to establish a new steel manufacturing plant in Odisha. The development comes at a significant time, coinciding with the official visit of the South K
Carter’s to close 150 stores and cut 15% of workforce amid rising tariffs
WASHINGTON — Carter’s, one of the most recognizable baby and children’s clothing retailers in the United States, has announced plans to close 150 stores and reduce its workforce by 15% as rising tariffs continue to pressure company finances. The Atlanta-based company outlined its restructuring strategy in its latest earnings report released Monday, citing significant cost increases tied to ongoing trade policies. The retailer said higher tariffs have had a substantial impact o
Carter’s to close 150 stores and cut 15% of workforce amid rising tariffs
WASHINGTON — Carter’s, one of the most recognizable baby and children’s clothing retailers in the United States, has announced plans to close 150 stores and reduce its workforce by 15% as rising tariffs continue to pressure company finances. The Atlanta-based company outlined its restructuring strategy in its latest earnings report released Monday, citing significant cost increases tied to ongoing trade policies. The retailer said higher tariffs have had a substantial impact o








