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Tag: Cuts
Meta To Reduce Workforce By 5% As Zuckerberg Focuses On Reducing ‘Low Performers’
Meta is planning to slash roughly 5% of its staff this year in a move aimed at getting rid of the slackers, CEO Mark Zuckerberg revealed on Tuesday.
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July PCE Inflation Index Slows; Fed Rate Cut Likely.
In July, the PCE Inflation Index rose by 2.5%, slightly below the forecasted 2.6% and up 0.2% from June.
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Federal Reserve Leaves Interest Rates Unchanged, Indicates 3 Cuts Coming Next Year
The Federal Reserve kept interest rate predictions the same on Wednesday for the third time in a row, which could point to signs that inflation could possibly begin to slow down.
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Hasbro Cutting 1,100 Workers As Weak Toy Sales Continue Into Holiday Season
Toy maker company Hasbro is laying off around 1,100 employees after struggling to hit sales numbers heading into the holiday shopping season.
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