Meta Faces Layoffs as Resource Allocation Shifts

Meta Faces Layoffs as Resource Allocation Shifts
This week, Meta confirmed layoffs impacting multiple teams including those in Reality Labs, Instagram, and WhatsApp. The company stated these changes are part of a strategy to reallocate resources but did not disclose the number of affected employees. In related industry news, AWS CEO has mandated a full return to office for employees by 2025, while Tesla's Cybertruck faces scrutiny over safety regulations in Europe. Meanwhile, Byju's founder admits the once-valuable startup is now worth nothing, highlighting the challenges in the edtech sector.