Tag: TWITTER
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Tech Titans Microsoft and Meta Announce Job Cuts Amid Performance Evaluations
Microsoft and Meta have announced significant layoffs, affecting over 3,600 employees at Meta as part of a 5% workforce reduction. Microsoft is also implementing cuts across several departments. Both companies cite a need for improved performance management as a key driver behind these decisions, reflecting broader challenges within the tech industry as 2025 approaches. In…
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Meta Shifts Strategy by Ending Fact-Checking Program Ahead of Trump’s Inauguration
Meta has announced the termination of its US fact-checking program, aligning with Donald Trump’s administration. This shift follows high-profile meetings between tech leaders and Trump, signaling a move towards deregulation and free speech advocacy. Critics and supporters alike view this as a significant political realignment in the tech sector. In a notable shift, Facebook’s parent…
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Jim Cramer Raises Concerns Over Gail Slater’s Impact on Big Tech
Jim Cramer expressed concerns about Gail Slater’s potential role as Assistant Attorney General for Antitrust, indicating she is not a supporter of big tech companies like Google. With President-elect Trump’s focus on competition issues, Slater’s appointment could result in significant scrutiny and challenges for tech firms. Recent legal actions against Google further exemplify the tough…
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Elon Musk’s Cost-Cutting Approach: Strategies at Tesla, SpaceX, and X
Elon Musk employs aggressive cost-cutting strategies across his companies, notably slashing budgets at X, Tesla, and SpaceX. His approach is marked by a hands-on examination of expenditures, leading to significant layoffs and spending reductions. Musk’s methods raise concerns regarding product safety and operational integrity, especially as he plans to apply these tactics to federal government…
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Zoho’s Sridhar Vembu Promotes Revenue Growth Over Valuation in Indian Tech
Sridhar Vembu, CEO of Zoho, urges Indian tech firms to aim for $100 billion revenue companies rather than inflated valuations. He warns that the focus on stock prices distracts from sustainable growth, advocating for long-term strategies similar to China’s tech successes. His comments sparked significant engagement on social media, reflecting a concern for the industry’s…