Ousted Zoom-Layoff CEO Claims He Was Hoodwinked
#BusinessNews #TechIndustryVishal Garg, who fired 900 staff via Zoom in 2021, was axed as Better.com CEO and replaced by Daniel Lewis, whom he claims hoodwinked him. Garg demands reinstatement, offering to work for $1 annually. read more
Meta to cut 10% of workforce in May
#MetaLayoffs #TechIndustryMeta will lay off 10% of its staff, affecting around 8,000 workers on May 20, and pause hiring for 6,000 open roles. The cuts aim to offset massive AI investments amid legal challenges and a shift from the Metaverse focus. read more
Newsom Slams Musk for Ceding EV Market to China
#USPolitics #TechIndustryCalifornia Governor Gavin Newsom criticized Elon Musk as a major disappointment, accusing him of ceding the electric vehicle market to China by shifting Tesla's focus to robotics instead of innovation. read more