Wednesday 31 May 2023

Target may have ‘lost control of narrative’ after Pride backlash: consumer research expert


Target’s decision to move some of its LGBT pride apparel in some of its locations made national headlines, and it may have lost control of its own narrative in the process, a top consumer researcher says.

David Evans is the Chief Insights Officer for Collage Group, a consumer research firm that helps major US brands like Target reach and cultivate relationships with groups that may have been ignored or passed over in prior times. He said most Americans, particularly younger ones, want to see companies “represent people in diverse ways.” 

Evans said Target had a long history of connecting with the LGBT community, but in the time period since it came to light it was moving some of its location Pride displays due to what it claimed were “threats” against some staffers, it’s faced heat from both edges of the political spectrum. Some on the right were irked by Target touting the displays in the first place and promoting apparel like “tuck-friendly” swimsuits for trans women, and progressives feel betrayed for what they call a capitulation to right-wingers.

“They earned a lot of resonance with this community from allies … But they probably did lose control of the narrative a little bit, because what ended up happening was the press is all about ‘Target pulls the merchandise,’ as opposed to Target employees are being threatened by, in fact, a very, very small group of people who represent a very small minority of anti-LGBT sentiment,” he told Fox News Digital.


CEO Brian Cornell
“They may be doing the right thing to protect who they have on the floor … But the way the conversation is happening right now is definitely not in their favor,” an analyst said. Above, CEO Brian Cornell.
Getty Images

“So to some extent, they have to weigh against how do you handle the issue of real potential employee safety issues against losing so much earned trust with this community and the supporters of this community, which are very broad now and across political lines? So that’s a challenge.”

Evans said the majority of consumers aren’t into “shaming culture,” noting brands can’t be driven by activist minorities on either side of the aisle.

Katya Skogen, the director of cultural insights for Collage Group, said Target could still come back from the saga.

“They have seemingly lost control of the narrative,” she said. “They may be doing the right thing to protect who they have on the floor… That’s important to protect people and assets. But the way the conversation is happening right now is definitely not in their favor.”


Pride month merchandise is displayed at a Target store.
Since the backlash, Target’s market value has fallen over $12 billion to $61.77 billion as of Tuesday’s closing price. Mid-month the market value was over $74 billion.
AP

They stipulated that it’s still in the early days of the story and it’s too soon to tell whether Target has done any significant damage to its relationship with the LGBT community.

Since the backlash, Target’s market value has fallen over $12 billion to $61.77 billion as of Tuesday’s closing price. Mid-month the market value was over $74 billion.

Headlines about Target continue to come out each day since the news about the meeting first broke last week. A transgender designer whose products were pulled from Target stores told Reuters the customer backlash highlighted issues with “rainbow capitalism.”

“It’s a very dangerous precedent to set, that if people just get riled up enough about the products that you’re selling, you can completely distance yourself from the LGBT community, when and if it’s convenient,” Erik Carnell told the outlet.


Tuck-friendly swimsuits
Headlines about Target continue to come out each day since the news about the emergency meeting.
FOX News

After Fox News Digital reported Target had held an “emergency” meeting and moved some of its pride paraphernalia to avoid what one insider called a “Bud Light” situation, some progressive and LGBT groups were angry.

Dr. David J. Johns of the National Black Justice Coalition, which describes itself as the nation’s foremost Black LGBT civil rights organization, said it was “beyond disappointing” in a statement and the company’s celebration of pride next month would be a fraud.

“It is beyond disappointing that Target is caving to violent political extremists and betraying its commitment to the LGBTQ+ community by removing and relocating items in its Pride Collection from some of its stores,” Johns said in a statement sent to Fox News Digital last week.


Target store
Target has angered some progressive and LGBT groups.
SOPA Images/LightRocket via Getty Images

“Anti-LGBTQ violence and hate should not be winning in America, but it will continue to until corporate leaders step up as heroes for their LGBTQ employees and consumers and do not cave to fringe activists calling for censorship,” Sarah Kate Ellis, president and CEO of GLAAD, said in a statement. “The fact that a small group of extremists are threatening disgusting and harsh violence in response to Target continuing its long-standing tradition of offering products for everyone should be a wake-up call for consumers and is a reminder that LGBTQ people, venues, and events are being attacked with threats and violence like never before.”

Evans said companies that don’t take seriously the increasing diversity of the country are missing out on a huge market share.

“If you’re a brand, you’re going to be toast in 10 years, if you don’t know how to connect to people that historically you may not have really had to,” he said.

Target didn’t respond to a request for comment.

Fox Business’ Suzanne O’Halloran contributed to this report.



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Amazon staff protest climate record and office return



Organisers say nearly 2,000 staff have pledged to participate in the protest.


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Monday 29 May 2023

Dear ‘Succession’ fans, we need to talk about Shiv Roy in that series finale : NPR


There’s nothing quite like siblings.

Sarah Shatz/HBO


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Sarah Shatz/HBO

There’s nothing quite like siblings.

Sarah Shatz/HBO

HBO’s Succession ended a four-season run on Sunday night. And Siobhan Roy’s final choice, which determined the fate of her father’s empire, exemplifies what the show has been best at, and what its devotees love about it.

Note: We’re about to talk about the Succession finale and its fallout, so if you haven’t watched it and you plan to, this is where you can hop off the train.

Who is she? One last time before the show fades out: Siobhan Roy, played by Sarah Snook, is the youngest child and only daughter of the media mogul Logan Roy, played by Brian Cox, who died in the third episode of the final season. She goes by “Shiv,” and if your first thought is, “Shiv, like the knife?” the answer is, “Yes, exactly like the knife.”

  • She has been married for a year-ish to Tom Wambsgans (Matthew Macfadyen), a Minnesotan striver so pliable that he once literally volunteered to go to prison (and drink toilet wine!) to take heat off her family. 
  • Shiv is pregnant with Tom’s baby, conceived just before their marriage collapsed, as Shiv softly cooed to him, “I don’t love you.”
  • At the last possible minute, Shiv voted to let her family’s company be sold to Swedish tech weirdo Lukas Matsson (Alexander SkarsgÃ¥rd), who handed the CEO position to Tom. This dealt a devastating blow to her older brother Kendall (Jeremy Strong), who has only ever wanted to be CEO (and maybe become a rapper). 

What’s the big deal? Narratively, Succession was about whether any of the Roy children could escape their father’s legacy as a terrible parent who made them into what his oldest son, Connor (Alan Ruck), once called “needy love sponges.” (Answer: No. Needy love sponges 4-ever!) But Shiv’s big move is what the show was about as a television event.

  • Succession belongs to the era of HBO prestige dramas that has lasted for roughly 25 years, give or take. Those dramas rose at the same time as online discussions of TV, episode recaps, and the expansion of TV criticism. 
  • There’s no obvious successor, as it were, to Succession. HBO is in the middle of fussing with its brand, the writers guild is on strike, actors and directors might follow, and some of the biggest shows HBO has now, including The Last Of Us and House of the Dragon, are based on things that already exist, rather than being entirely new stories the way this was.
  • Even though Shiv’s choice wasn’t a shock on the level of the unexpected cut to black at the end of The Sopranos, it’s similar in that there are lots of interpretations, and the show isn’t going to tip which one is right.

Can’t get enough? Listen to the Pop Culture Happy Hour full recap of the Succession finale.

Choices were made.

HBO


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HBO

What are people saying?

Because Shiv knew that Matsson, the aforementioned tech weirdo who bought the company, would appoint Tom as CEO, there are lots of ways to read her choice and her accompanying announcement to Kendall that she just didn’t think he’d do a good job.

  • Was she just honestly convinced that Kendall would be a terrible CEO? Rolling Stone‘s Alan Sepinwall says, “She gets no personal benefit from this vote, nor from explaining to Kendall why she is going that way. The only reason to say this is because she believes it.”
  • Was she thinking about her child’s future, believing the company would be more stable being owned by Matsson and run by Tom than owned and run by her brothers?

  • Was she pushed over the line by Kendall’s behavior when she stepped out of the board meeting to think and Kendall followed and hounded her, then got into a physical fight in a glass-walled office?

  • Was she thinking about her own position and her own security?

So, which one is it?

  • The point isn’t that any one of these takes is right. The point is that to understand the way this great drama works is to understand that there are a hundred ways to think about Shiv: As a woman boxed in by misogyny; as an operator out of options; as a scheming Lady Macbeth; as an impetuous egocentric who couldn’t stand to be beaten; or as a woman who was raised to be a needy love sponge and saw a tiny bit more love coming from her husband than her brothers. None are entirely right, all are a little bit right, it really doesn’t matter. 
  • The point is that the show’s position was secured by the ripeness for analysis. And in this case, it’s even more tantalizing, because creator Jesse Armstrong is doing almost no press, likely because of the writers’ strike. So whatever postmortems you might get that would suggest that this or that answer is “right,” they’re not forthcoming. We are left with Shiv Roy — literally “Queen of the Knife” — and the choice she made. 

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Saturday 27 May 2023

eBay founder Pierre Omidyar gives nearly $2M to defund police


The billionaire founder of e-commerce site eBay plowed money into a private security startup billed as the “Uber for bodyguards” — while also donating nearly $2 million to groups that advocate de-funding or abolishing the police, according to a report.

Pierre Omidyar, whose wealth is valued by Bloomberg Billionaires Index at $8.91 billion as of Friday, reportedly forked over $500,000 to organizations that protested the police-involved killing of George Floyd in 2020 through his charitable group, the Omidyar Network.

Two other organizations tied to the Omidyar Network — PolicyLink and Democracy Fund — received $1.3 million to sponsor a website called DefundPolice.org, a tool used by advocates to call for cuts to police budgets, according to independent journalist Lee Fang.

The Omidyar Network donated $300,000 to The Movement for Black Lives, an organization that describes itself as an “abolitionist” coalition, reported Fang, who prior to becoming an independent journalist worked for years as a reporter for The Intercept, a news site founded by Omidyar.

“When we say ‘defund and abolish the police,’ we mean exactly that,” the Movement for Black Lives wrote in a recent statement.

Pierre Omidyar, the billionaire founder of eBay, has donated to groups that support abolishing police, according to a report.
Corbis via Getty Images

Calls to defund and abolish police grew in the wake of the 2020 police-involved killing of George Floyd in Minneapolis.
Calls to defund and abolish police grew in the wake of the 2020 police-involved killing of George Floyd in Minneapolis.
AFP via Getty Images

Fang cited tax records showing that Omidyar Network gave another $100,000 to a Chicago-based group called Equity and Transformation, which flies the banner of “defund[ing] police.”

But as a private investor, Omidyar has poured his considerable wealth into start-ups such as Bond, a New York-based company that allows people to order a bodyguard on demand, Fang wrote.

The Post has sought comment from the Omidyar Network.

Founded in 2017, the company raised $72 million in funding, including investments from Omidyar. Former NYPD Commissioner Ray Kelly is an advisor to the Bond board.

“With the Bond platform, bodyguards are no longer just for celebrities and executives,” according to the company’s website.


Omidyar is also reportedly an investor in the Bond app, a private security company that allows users to order a bodyguard on demand.
Omidyar is also reportedly an investor in the Bond app, a private security company that allows users to order a bodyguard on demand.

“Now you can reserve affordable, highly-trained, and professional bodyguards whenever you need them, on-demand via the Bond platform and app.”

Omidyar’s investment portfolio also includes a stake in Deep Sentinel, an AI-powered security camera system that is used to identify intruders, according to Fang.

Both the Bond app and Deep Sentinel have used the nationwide surge in crime — much of it attributed to the Defund the Police movement — to offer their products as alternatives.


Calls to defund police have coincided with a surge in crime nationwide.
Calls to defund police have coincided with a surge in crime nationwide.
LightRocket via Getty Images

Kelly told Fox News that “the police unfortunately have taken a step back” in recent years and that Bond “fills in the gap when you feel somewhat uncomfortable.”

Deep Sentinel recently told Fox News that its business has “tripled” in the last year due to concerns over rising crime.



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Friday 26 May 2023

Montauk Yacht Club sells for a Hamptons record of $149.4M


This waterfront getaway just became the most expensive purchase in Hamptons history.

Documents freshly made public reveal that an international marina company paid a record-breaking amount of $149.4 million for the Montauk Yacht Club. 

The hotel, beyond its sky-high purchase price, is known for its posh accommodations and Block Island Sound views. 

The 107-room resort was bought by Safe Harbor Marinas — owner of the biggest boating network in the world — from the former owner, Gurney’s, the outlet Behind the Hedges first reported.

The record sale took place last year, but the price tag was previously unknown and only just came to light after related Suffolk County deed transfers became available this week. 

Previously, the title of largest Hamptons sale was held by the Marram Montauk, an oceanfront hotel which was bought for $77.5 million in 2022. 

The Yacht Club’s final sale price represents a 157% increase from what the club commanded when it last sold, in 2018, for $56.7 million to Gurney’s, according to the publication 27East. 

Before that, in 2007, it went for $34 million.


The historic resort first opened in 1928.
Montauk Yacht Club/Website

During its ownership, Gurney’s put $13 million into the eight-lot compound and changed its name to Gurney’s Star Island Resort & Marina.

Following the sale last year, Safe Harbor Marinas changed the name back to Montauk Yacht Club. 

The 95-year-old lodgings have been offering locals respite on their portion of Star Island since 1928, when Montauk developer Carl Fisher built the business.

Before it was a public inn it was a private club, with members of the Vanderbilt, Astor and Whitney families included in its roster of original members, Behind the Hedges noted of its history.

Amenities available to guests include three pools, two restaurants, a private beach, tennis and pickleball courts, and over 200 boat slips.



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We asked, you answered: How do you feel about the end of the COVID-19 'emergency'


With the WHO and CDC lifting the COVID-19 pandemic “emergency,” we asked readers what was on their minds at this inflection point. Their reflections run the gamut, and also reveal some clear themes.

(Image credit: Beata Zawrzel/NurPhoto via Getty Images)




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Thursday 25 May 2023

Ted Cruz is preparing his own TikTok clampdown: sources


Sen. Ted Cruz is among a handful of US lawmakers who are preparing a fresh push to clamp down on TikTok — and Apple and Google may figure into the plans, sources told On The Money.

While some TikTok bans have been slammed as a “Patriot Act” for the digital age, the Texas Republican aims to introduce legislation that will hold Apple and Google’s feet to the fire — and ban the tech giants from selling or operating devices that allow TikTok.

In addition to Cruz, US Rep. Cathy McMorris-Rodgers (R-Wash.), who chairs the House Energy and Commerce Committee, is drafting a similar bill and others may be in the works, sources said. 

Cruz is looking to lean on “Apple and Google… to update software and not permit TikTok,” according to a source briefed on the legislation, noting that Cruz and lawmakers appear to be working on their bills separately, although they are aware of each other’s efforts.

Reps for Cruz and McMorris-Rodgers declined to comment.

There are already multiple bills floating through Congress that are seeking to put an end to TikTok in the US. 


Montana became the first state in the US to ban TikTok.
NurPhoto via Getty Images

Meanwhile, Montana Gov. Greg Gianforte’s decision to prohibit the app last week may have helped nudge Congress back into action, and could be a key step toward a nationwide ban, sources said.

“The fact Montana pushed it over the line opens the door for other states to push it through. It only took a few states to push the federal ban,” a source lobbying against the bill told On The Money.

“The fact it passed as is with no carve-outs signal to states that you can basically copy and paste the same legislation.”

While the law could get struck down, these people argue the damage to TikTok will already be done.

“If this doesn’t work then another state will find another law to pass. TikTok could beat back the Montana bill but the reality is another state like Florida could come up with a creative way of going after TikTok,” a source told The Post. 

“TikTok has to pitch a perfect game to win this but people who want to ban it only need one kill shot,” the source added.


Sen. Ted Cruz
Sen. Ted Cruz is looking to lean on “Apple and Google … to update software and not permit TikTok,” according to a source.
Getty Images

States including Texas, Utah and Alabama were first to ban TikTok on government devices.

After enough states issued that ban, the federal government decided it would also prohibit the app on government devices.

Still, some sources note that the legal ground is shakier when it comes to a nationwide ban as opposed to a ban on federal devices.

The Montana ban prohibits TikTok from operating in the state and makes it unlawful for Google or Apple to carry the app. Just days later, TikTok sued Montana, arguing that the state ban was unlawful and violated both the First Amendment and violates Constitutional protections of interstate commerce. 

“In Congress there has been a wait-and-see type posture,” another political source told The Post.

“But it can give them cover… and help people see the momentum.” 

A state ban could also be the perfect opportunity for people to experience life without TikTok, another source noted.

“Once people realize its not the end of the world it takes away a lot of TIkTok’s talking points,” another insider notes.

Others are more cautious, “Everything is a step.. but I wouldn’t give a eulogy just yet.”

“Montana is a further indication that the tide is moving away from TikTok,” FCC Commissioner Brendan Carr told On The Money. “The trajectory is against TikTok.”



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Wednesday 24 May 2023

Event Guide: U.S. Core PCE Price Index (April 2023)


The Fed’s preferred inflation measure is coming up!

Will the release make or break the dollar’s intraweek gains?

Here are points you need to consider if you’re planning on trading Friday’s report:

Event in Focus:

U.S. Core Personal Consumption Expenditures (PCE) Price Index for April 2023

When Will it Be Released:

May 26, 2023 (Friday), 12:30 pm GMT

Use our Forex Market Hours tool to convert GMT to your local time zone.

Expectations:

U.S. core PCE price index (m/m): 0.3% forecast vs. 0.3% previous
U.S. core PCE price index (y/y): 4.6% forecast vs. 4.6% previous

Relevant Data Since Last Event/Data Release:

  • Retail Sales for April: +0.4% m/m (+0.7% m/m forecast) vs. -0.7% m/m previous
  • Producer Prices Index (PPI) for April 2023 was 0.2% m/m (0.1% m/m forecast) vs. -0.4% m/m previous; Core PPI rose by 0.2% m/m as expected vs. 0.0% m/m previous
  • Consumer Price Index for April: +0.4% m/m (+0.3% m/m forecast) vs. +0.1% previous; +4.9% y/y as expected vs. 5.0% y/y previous
  • ISM Services PMI for April: 51.9 vs. 51.2 in March; Prices Index ticked up 0.1 to 59.6; Employment Index dipped to 50.8 vs. 51.3 previous
  • ISM Manufacturing PMI for April: 47.1 vs. 46.3 in March: Prices Index up by 4.0 to 53.2; Employment Index was up 3.3 to 50.2
  • S&P Global US Manufacturing PMI for April: 50.2 vs. 49.2 in March; “input costs and output charges increased at
    steeper rates during April.
  • University of Michigan consumer sentiment improved from 62.0 to 63.5 in April

Previous Releases and Risk Environment Influence on the U.S. Dollar

April 28, 2023

Overlay of USD vs. Major FX: 1-Hour Forex Chart by TV

Event results / Price Action: As expected, core PCE prices maintained its 0.3% monthly growth in March. The annualized reading came in at 4.6%, slower than February’s upwardly revised 4.7% but higher than the expected 4.5% reading.

Keep in mind that the Fed generally targets 2% based on a broader measure but views the core gauge as a better indicator of the trend.

At the time, the quarterly employment cost index – another preferred Fed measure – exceeded 1.0% estimates at 1.2% in Q1 2023.

The U.S. dollar, which had gained pips after an earlier BOJ announcement and ahead of the core PCE release, dropped across the board at the prospect of the Fed raising its interest rates further despite rising recession odds.

The Greenback also regained its post-report losses in the first hour of the release though the U.S. recession theme stuck and the currency capped the week at new intraday lows except against the yen.

Risk environment and intermarket behaviors: The dollar was seeing choppy price action all week but Friday’s releases underscored the risks of sticky inflation and a hawkish Fed amidst U.S. data misses and rising U.S. recession risks.

March 31, 2023

Overlay of USD Pairs: 1-Hour Forex Chart

Overlay of USD vs. Major FX: 1-Hour Forex Chart by TV

Event results / Price Action: Core PCE prices rose by 0.3% m/m in February against estimates of a 0.4% uptick and after a downwardly revised 0.5% in January.

The Fed’s preferred annual reading came in at 4.6% – the slowest in 15 months – and further supported speculations that the Fed’s rate hikes are working and that the central bank can soon afford to take the pedal from the metal.

USD dropped to its daily open prices and Asian session support zone at the news. The Greenback regained its knee-jerk losses within the trading session, however, and the currency capped the day mixed against its major counterparts.

Risk environment and intermarket behaviors: Easing banking concerns and strong U.S. data got traders taking risks and pricing in a less hawkish Fed in the week leading to the Friday core PCE release.

A strong PCE reading sustained the dollar’s intraweek downtrends though the currency saw a bit of profit-taking near the end of the trading session and week.

Price action probabilities:

Risk sentiment probabilities:
Markets are generally in a “wait and see” mode right now as traders wait for meaningful progress on the U.S. debt ceiling negotiations.

Optimism for a deal is giving the U.S. dollar  a slight advantage among the major assets, however, especially when traders are also pricing in China’s post-lockdown growth possibly peaking as well as the weak PMIs from the U.K. and Euro Area.

U.S. Dollar scenarios:

Potential Base Scenario:

Unless we see concrete updates on the U.S. debt ceiling deal, then we could continue to see risk-takers stay on the sidelines while USD makes slow and steady gains.

A core PCE report that comes in as expected or slightly higher than estimates (as signaled by leading indicators above) may extend USD’s current shallow uptrend after a quick (read: an hour or so) buy-the-rumor, sell-the-news scenario.

In the absence of downside exogenous surprises to spark a risk-averse broad trading environment, consider buying USD against safe-havens like JPY and spot gold.

Potential Alternative Scenario 1:

If U.S. policymakers look like they’re ready to agree on a debt ceiling deal, then we could see risk-taking that may dent on the dollar’s intraweek gains.

It may not matter if the core PCE price index comes in slightly lower or higher than market estimates. Traders could price in their risk appetite and their confidence that the Fed probably won’t tighten that much anyway.

In case of a risk-friendly trading environment during the report’s release, take a look at selling USD against “riskier” bets like AUD, EUR, and CAD.

Potential Alternative Scenario 2: 

If the Core PCE comes in far above or below expectations, this may spark traders to focus more on pro/anti-dollar trading frameworks rather than risk-on/risk-off frameworks intraday, barring any major developments on the U.S. debt talks front.

In this scenario, a strong directional bias may develop in the Greenback, but remember that the move may be limited in duration depending on the risk environment at the time of release. If USD is consolidating tightly ahead of the release, look for consolidation breakout setups, especially against gold and JPY IF the U.S. dollar rallies after the event.



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Mark Zuckerberg’s Meta starts final round of layoffs


Meta Platforms started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles.

Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the door in the fall.

The cuts brought the company’s headcount down to where it stood as of about mid-2021, following a hiring spree that doubled its workforce since 2020.

Several employees working in teams such as marketing, recruiting, engineering and corporate communications took to LinkedIn on Wednesday to announce that they were laid off.

Meta shares were down 0.2% in a broadly weaker market.

They have more than doubled in value this year and are among the top performers in the S&P 500 index, thanks to the cost-cutting drive and Meta’s focus on artificial intelligence.

Meta Chief Executive Mark Zuckerberg in March said the bulk of the layoffs in the company’s second round would take place in three “moments” over several months, largely finishing in May. Some smaller rounds could continue after that, he said.


Meta Chief Executive Mark Zuckerberg in March said the bulk of the layoffs in the company’s second round would take place in three “moments” over several months.
Getty Images

Overall the cuts have hit non-engineering roles most heavily, reinforcing the primacy of those who write the code at Meta. Zuckerberg pledged in March to restructure business teams “substantially” and return to a “more optimal ratio of engineers to other roles.”

Even among cuts aimed specifically at technology teams, the company eliminated non-engineering roles like content design and user experience research most severely, according to executives speaking at a company town hall afterward.

About 4,000 employees lost their jobs in the April layoffs, Zuckerberg said during the town hall, following a smaller hit to recruiting teams in March.

The social media company said on Wednesday that the latest cuts were likely to impact around 490 employees at its international headquarters in Dublin, or almost 20% of its Irish workforce.


Meta logo sign at headquarters in Menlo Park, Calif.
Meta announced the plan in March to eliminate 10,000 roles.
AP

Meta’s layoffs followed months of waning revenue growth amid high inflation and a digital ad pullback from the pandemic e-commerce boom.

The company also has been pouring billions of dollars into its metaverse-oriented Reality Labs unit, which lost $13.7 billion in 2022, and a project to whip its infrastructure into shape to support artificial intelligence work.



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Madonna postpones tour due to serious bacterial infection : NPR

The performer Madonna, onstage at the 65th Grammy Awards ceremony in Los Angeles in February. Frazer Harrison/Getty Images hide ca...