Keywords: Restructuring
Meta is set to reduce its workforce by approximately 5%, targeting underperforming employees as part of its operational strategy, according to BBC reports. The move could impact around 3,600 positions from the company's global workforce of 72,000. In a staff memo, CEO Mark Zuckerberg detailed the......
Elon Musk’s attorney, Marc Toberoff, has urged the attorneys general of California and Delaware to advocate for OpenAI to auction a significant portion of its stake. This step, proposed as part of OpenAI's corporate restructuring, aims to establish a fair market value for its charitable assets,......
To stabilize the red meat market, Morocco has implemented key measures, including suspending import duties and VAT on fresh and chilled meats. Morocco is grappling with a significant decline in its national livestock due to consecutive years of drought and rising feed prices. This challenge has put......
The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......
In a significant move towards advancing Morocco's digital landscape, Amal El Fallah Seghrouchni has been appointed as Minister Delegate to the Head of Government in charge of Digital Transition and Administrative Reform. The appointment, made during a recent government restructuring ceremony at the......
In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......
Casablanca has taken a decisive step towards refining its public transportation infrastructure by embracing a comprehensive fare restructuring plan. This move comes in anticipation of integrating its bus rapid transit (BRT) and tram lines, marking a pivotal moment in the city's quest to improve mobility......
In a seismic move that has sent shockwaves through the gaming community, Sony Interactive Entertainment (SIE) has announced a significant restructuring of its acclaimed PlayStation division, resulting in the termination of approximately 900 jobs, equating to eight percent of its global workforce. The......
In a bold strategic move, German software powerhouse SAP has declared a staggering $2 billion investment in artificial intelligence (AI) capabilities, solidifying its position as a front-runner in delivering AI-driven business solutions. However, this grand endeavor comes with a significant caveat......
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