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Meta starts cutting jobs to find AI talent

February 12, 2025

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Mint Kolkata

Meta Platforms Inc. began notifying staff of job cuts on Monday, kick-starting a process that will terminate thousands of people as the company cracks down on "low-performers" and scours for new talent to dominate the artificial intelligence (AI) race.

- BLOOMBERG

Meta workers who were let go were notified via email, and the company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service, according to people familiar with the matter, who aske

المزيد من القصص من Mint Kolkata

Mint Kolkata

Trump launches $12 billion minerals stockpile

US President Donald Trump is set to launch a strategic critical minerals stockpile with $12 billion in seed money, a bid to insulate manufacturers from supply shocks as the US works to slash its reliance on Chinese rare earths and other metals.

time to read

1 min

February 03, 2026

Mint Kolkata

Mint Kolkata

Delhi HC to hear Centre's $2.3-bn appeal against RIL

Court overruled RIL’s plea on maintainability involving the Panna-Mukta and Tapti dispute

time to read

2 mins

February 03, 2026

Mint Kolkata

Mint Kolkata

Child-free doesn't mean carefree

Going voluntarily childless offers freedom, but also asks couples to rethink relationships and responsibilities

time to read

4 mins

February 03, 2026

Mint Kolkata

'Govt may consider raising PSB FDI limit'

The government may consider hiking foreign direct investment (FDI) limit in public sector banks (PSBs) from 20% to as high as 49% after conducting a review of foreign direct holdings in these banks, the Department of Financial Services secretary M. Nagaraju said on Monday.

time to read

1 min

February 03, 2026

Mint Kolkata

Policybazaar parent to mull QIP

PB Fintech Ltd, the parent of Policybazaar, said on Monday that its board will meet on 5 February to consider raising capital through a qualified institutional placement (QIP) to fund inorganic growth opportunities.

time to read

1 min

February 03, 2026

Mint Kolkata

Mint Kolkata

Automakers ride GST boost, post strong Jan sales

Maruti, Tata, Mahindra and Hyundai see robust sales in January amid the growth momentum

time to read

1 mins

February 03, 2026

Mint Kolkata

Mint Kolkata

A BUDGET MESSAGE THAT TICKS—DON'T JUST DO SOMETHING, STAND THERE

A quarter to one last Sunday, Bertie found himself having lunch alone at the FatCats Club.

time to read

2 mins

February 03, 2026

Mint Kolkata

Missed declaring foreign assets? Budget 2026 now offers a way out

One-time window has been offered to declare foreign assets and avoid prosecution under the Black Money Act

time to read

4 mins

February 03, 2026

Mint Kolkata

Mint Kolkata

Maruti Suzuki’s induction in EV PLI could lift disbursals

Maruti Suzuki India Ltd was directly added to the list of firms eligible for incentives under the government's ₹25,000 crore production-linked incentive scheme for electric vehicles—a move that may boost EV adoption and support India’s clean mobility push.

time to read

2 mins

February 03, 2026

Mint Kolkata

Mint Kolkata

The budget lacks the coherence needed to address key problems

Its fiscal prudence is welcome but we await an explanation for why prosperity is yet to show up across the entire economy

time to read

4 mins

February 03, 2026

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