The extended partnerships come at a time when the social media platform is struggling with falling revenue, as advertisers slash their spending on the platform after billionaire Elon Musk made several changes following his takeover.
Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development". The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.
In a blog post on Wednesday announcing Trump's reinstatement, Meta said he will face "heightened penalties for repeat offenses." The company, then called Facebook, banned Trump two years ago after he praised rioters who stormed the U.S. Capitol on Jan. 6, 2021.
Two early backers of Flipkart – venture fund Accel Partners and New York-based investment firm Tiger Global – are in talks to exit the ecommerce firm by selling their remaining stakes to its parent Walmart for around $1.5 billion, according to our sources.
While Accel owns a little over 1% stake, Tiger Global currently holds about 4% in Flipkart. Once a deal is finalised, Walmart’s stake in Flipkart will increase from its current holding of 72%.
A fresh round of consultations on the proposed rules is likely to take place in February, a government official said.
IT industry lobby group Nasscom urged the government to notify safe harbour rules for entities with a turnover of up to Rs 1,000 crore