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Meta to start ‘new round’ of firing employees

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2 years ago

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The parent company of widely used social media platforms — Facebook, Instagram, and WhatsApp — Meta is eyeing to initiate a new drive of firing employees this Wednesday after firing 11,000 people in November last year, according to the report published by Daily Mail.

The employees which are likely to be the target of the firing campaign are from the communications and marketing teams.

The development comes as the removal of people from the top cadres can be seen when vice president Americas Nada Stirratt left the post on Monday.

Marne Levine also resigned from the post of Chief Business Officer (CBO) last month but would stay until the summer.

Her decision of stepping down as CBO sent shock waves through the company as she had been in leadership roles over her career spanning 13 years in Meta.

Meta has faced immense competition from TikTok as the company’s growth has been slowed over the last several months and the budgets withdrawn by advertisers.

The advertisers have refrained from opting for Meta as Facebook has witnessed a significant drop in users in its lifetime last year due to the tough time from its competitors.

Mark Zuckerberg, CEO, founder and Chairman of Meta regarded this year as “a year of efficiency” as the company is trying to mitigate its costs including a pull-back from the NFT offering.

Some of Meta’s innovations have proved to be less successful however, its other innovations have caused an 18% uptick in its stock market shares.

Zuckerberg in a statement issued in November last year had announced laying off 13% of the firm’s staff, which is a staggering 11,000 people. 

Taking responsibility CEO Meta had taken the responsibility for things not going well in the company saying that he “got this wrong”.

Apologising to the axed employees, he had said that the layoffs were the “last resort” to save the company. He had also said that most of the recruiting team had been fired as the company was freezing the hiring process.

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Balochistani Graduates Selected for NUTECH Islamabad’s Mining Program

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6 days ago

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For 18 graduates of the Reko Diq Mining Project, the National University of Technology, Islamabad, has started a training program. These graduates will complete an 18-month on-the-job training program at Barrick’s International Mining Sites after completing a two-month course at NUTECH.

The graduates will acquire proficiency in mining and associated technical domains during the training program. The chosen graduates will also get specific instruction on environmental protection, safety, exploration, and geology.

Along with the development of communication skills, the curriculum will also emphasise the most recent advancements in the mining industry. Barrick’s International Graduate Development Program for 2024 includes the Balochistani graduates.

Additionally, nine Baloch graduates were selected in 2023 and transported to Barrick’s facility in Argentina for on-the-job training.

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WhatsApp will improve the updates tab by introducing new shortcuts and a revamped interface.

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7 days ago

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WhatsApp is implementing a new upgrade to refine the Updates tab interface, hence boosting accessibility for status and channel updates.

WABetaInfo reports that the upgrade introduces expedited shortcuts that streamline the updating of statuses and channels. Users can now select and upload photos and videos directly from the interface, reducing the steps involved in choosing media from the gallery.

The Meta-owned messaging application has also revamped the button for generating text-based status updates and introduced a feature for recording and sharing voice status updates. This offers customers a more expedient method to disseminate text and speech updates without depending on the floating action button.

The revisions correspond with recent modifications to other tabs, ensuring a modernised interface that improves navigation and update creation. WhatsApp is modifying the floating action button to facilitate content sharing within channels.

When selecting the floating action button, users will see several options, including creating status updates, starting new channels, or sharing photos, videos, voice, and text in existing channels. This revamp integrates all content-generating options into a singular section.

The new shortcuts are anticipated to be accessible to a broader user base in the forthcoming weeks. Beta testers can currently access them in the latest WhatsApp beta for Android, version 2.24.26.13, available on the Google Play Store.

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China and Pakistan Sign Memorandum of Understanding to Launch AI-Powered Agricultural Equipment

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1 week ago

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Through Chinese expertise, the arrangement, which was made possible by the Special Investment Facilitation Council (SIFC), intends to increase Pakistan’s agricultural output.

The Punjab government and China’s “AI Force Tech” company have inked a memorandum of understanding (MoU) to introduce advanced agricultural machinery during Chief Minister Maryam Nawaz’s visit to China.

Through the use of advanced robotic technology, the MoU seeks to transform Pakistan’s agricultural industry, guarantee economic growth, and boost farmers’ wealth with China’s assistance.

Through the partnership, Pakistan would also have the chance to absorb knowledge about China’s sophisticated farming methods.

In the meantime, plans have been revealed by the Federal Minister of Planning to send 1,000 agricultural experts to China to study contemporary farming methods.

A Chinese business and the Punjab government previously inked an agreement to introduce cutting-edge cancer treatment technologies to Punjab.

Maryam Nawaz signed a Memorandum of Understanding (MoU) with Hygea Medical Technologies while she was in China in order to introduce cutting-edge cancer treatment equipment and techniques to Punjab.

This equipment will make it feasible to treat cancer without the need for chemotherapy or surgery.

Following a meeting with Hygea Medical Technologies President Dr. Luo Fuliang, Maryam Nawaz said the organization has promised expert assistance for the establishment of the Nawaz Sharif Cancer Hospital.

She went on to say that the hospital will work with China to treat cancer patients utilizing the newest equipment and techniques following the agreement.

Maryam Nawaz and a high-level delegation are present. From December 8 to December 15, the chief minister will go to Beijing, Shanghai, Shenzhen, and Guangzhou.

CM Maryam Nawaz is expected to attend a number of conferences, events, and meetings with the goal of enhancing bilateral relations and looking into potential joint ventures in the areas of infrastructure development, technology, agriculture, and governance.

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