Some Meta workers impacted by Monday's job cuts were surprised since they had strong track records.Meta's layoffs targeted 5% of low performers. Some higher-rated staff said they were "blindsided."Meta CEO Mark Zuckerberg has been pushing to streamline the company's workforce.Several Meta employees who said they received positive performance ratings in their mid-year reviews last year had their jobs cut Monday, as the company let go of nearly 4,000 workers in its latest round of job reductions. Business Ins ...

Internal Meta memo shows the company is ramping up hiring of engineers as it cuts thousands of jobs.Meta wants to "expedite recruiting" of machine learning engineers in the coming weeks, per the memo.The hiring comes as Meta started notifying employees this week if they have been impacted by its cuts.Meta is ramping up hiring for machine learning engineers while slashing thousands of jobs. Last month, Meta said it would eliminate about 5% of its workforce, which could mean almost 4,000 employees lose their ...

This post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Welcome back! President Donald Trump said that he plans to impose 25% tariffs today on imports of steel and aluminum. Gold hit a record high following the news, while some related currencies softened against the dollar. US futures are rising in premarket trading. In today's big story, Meta employees impacted by its performance-based cuts are getting notified today.What's on dec ...

Dunkin' roasted Starbucks in its Super Bowl advertisement.The ad, starring Ben and Casey Affleck, took shots at Starbucks' long wait times and over-customization.The ad ended with the bold slogan, "America runs on Dunkin'."Dunkin' used the biggest ad space of the year to take shots at Starbucks. The Super Bowl advertisement, which featured actor-siblings duo Ben and Casey Affleck and NFL coach Bill Belichick decked out in Dunkin' merch, depicted a competition among coffee brands.The Affleck brothers and Bel ...

Meta plans to cut thousands of jobs to focus on AI investment and efficiency.Mark Zuckerberg targets low performers, part of a broader industry move toward leaner operations.Some employees told Business Insider they are anxious about the changes.Meta is planning to cut thousands of jobs in coming days as the social-media giant takes a tougher stance on under-performing employees and readies its finances for another year of heavy AI investment. The company has said it will eliminate roughly 5% of its workfor ...

Group 1 - Nike is returning as a Super Bowl advertiser for the first time in 27 years, a move that comes amid struggles to revive lagging sales [1][8] - The marketing push is costly, with some advertisers spending over $8 million for 30 seconds of airtime [2] - Nike's revenue decreased by 8% year over year to $12.4 billion for the three months ending November 30, and its shares have dropped approximately 30% over the last 12 months [4] Group 2 - The new CEO, Elliott Hill, has outlined a turnaround plan focusing on reducing discounts and enhancing relationships with wholesalers [3] - Nike is attempting to revitalize iconic sneaker brands like Jordans and Air Force 1s by limiting supply to increase demand [3] - The company is emphasizing big cultural moments, including a new ad timed with the Grammy Awards that celebrates the Jordan Brand [5][6] Group 3 - Nike's marketing department has undergone changes to improve brand storytelling, with several veterans returning or being promoted [4][6] - Hill has stated that Nike needs to prioritize sports in its strategy and invest in bold marketing efforts [7]

Meta is set to notify employees impacted by its performance-based job cuts on Monday.A leaked internal memo from an HR executive on Friday told staffers what to expect as cuts begin.Janelle Gale said impacted workers in more than a dozen countries outside the US will be notified.An internal memo from a Meta human-resources executive told employees what to expect on Monday when the company starts its performance-based job cuts. Janelle Gale, Meta's vice president of human resources, told staffers in a post o ...

Amazon Web Services growth hindered by capacity constraints in data centers, says CEO.Constraints stem from AI chip shortages, server components, and energy supply issues.Amazon plans $105 billion in 2025 capital expenditures, largely led by AI.Amazon CEO Andy Jassy said on Thursday that the Amazon Web Services cloud business could grow faster if not for "capacity constraints" across its data centers. He said the shortage has been caused by difficulty procuring AI chips, server components like motherboards, ...

Toyota's sales in China are slumping as it faces brutal competition from local EV giants like BYD.The Japanese automaker plans to fight back by taking a page from Elon Musk's playbook.It said Wednesday it would build a fully owned EV factory in Shanghai, after Tesla did the same in 2019.Toyota is taking a page out of Elon Musk's playbook as it plots a comeback in China. The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, as it seeks to turn around stut ...

Mark Zuckerberg's net worth is up $40.7 billion this year, leaving him worth $248 billion.Meta stock is on a record winning streak, boosting its market value to $1.78 trillion.Zuckerberg is third on Bloomberg's rich list, but only $12 billion behind Amazon founder Jeff Bezos.Mark Zuckerberg is now $40 billion richer this year after Meta stock continued its record winning streak on Tuesday, closing higher for the 12th consecutive session. Shares in the Facebook and Instagram owner have risen more than 17% th ...