Latest News, Updates & Breaking Headlines
For the first time, a top Meta executive has spoken candidly about the recent round of layoffs in the division which inspired the company’s name change. As reported by Bloomberg, Meta chief technology officer Andrew Bosworth addressed the issue during a Q&A on his Instagram story, responding to concerns about the future of Quest and…
Meta’s Reality Labs division is shifting focus from VR to wearables, despite continued development of future VR headsets. The company confirmed a significant reduction in VR investment this year, while increasing spending on wearables like smart glasses. This strategic pivot follows substantial losses in Reality Labs, with a projected peak in 2026 before expected declines….
Sony is partnering with Chinese rival TCL Electronics, ceding majority control of its iconic Bravia TV brand. In a new joint venture, Sony will hold a 49% stake, while TCL takes 51%, to manage global TV and home audio operations. Sony Group is spinning off its television and home entertainment division to Chinese rival TCL…
BNP acting chairperson Tarique Rahman (in the bus) spent more than two hours with his ailing mother at the hospital, party members said. DHAKA: National Citizen Party (NCP) – founded by leaders, mostly students, of the ‘2024 July Uprising’ that led to the Sheikh Hasina govt’s collapse – is in the grip of an internal…
Steve Cahillane to become CEO of KRaft Heinz, which currently in process of splitting (AP file photo) US-origin food MNC Kraft Heinz has tapped Steve Cahillane as the new CEO, effective January 1, 2026, as the company prepares for its division into two separate entities.He will subsequently lead the Global Taste Elevation Co., which will…
Intel has said that it is shelving plans to spin off or sell a stake in its Networking and Edge Group (NEX) division. The chipmaker said that it is now best positioned to succeed as an internal unit. The decision marks a reversal of a strategy announced earlier this year. The company said it would…
Apple has cut dozens of sales positions across its enterprise, education, and government teams in a rare workforce reduction that caught affected employees by surprise. The iPhone maker is restructuring how it sells to institutional customers, with some workers believing the move signals a strategic shift toward third-party resellers rather than direct sales.The company confirmed…
Facebook-parent Meta has announced another round of job cuts, this time affecting employees in the Risk division. In an internal memo sent to staff, the company said it is restructuring teams and reducing roles as part of efforts to streamline operations and rely more on automation for routine compliance work. “Today, we’re announcing a number…
French luxury group Kering has agreed to sell its beauty division, including the high-end perfume brand Creed, to L’Oreal for $4.6 billion. The move marks a major step for Kering as it looks to tackle its growing debt.Under the agreement announced on Sunday, L’Oreal will also secure 50-year exclusive licences to make and sell beauty…
INDORE: The UK is facing division amid an anti-immigration movement, while India remains united because it possesses the wisdom passed down by its ancestors, RSS chief Mohan Bhagwat said Sunday.“The world operates on faith and trust, not logic. We led the world for 3,000 years without conquering any country, suppressing any trade, or converting anyone….
