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Latest InfoTech News, IT, Information Technology News | The HinduBusinessLine

Google debuts standalone Gemini App for Apple’s MacOS India’s electronics imports cross $116 billion in FY26, exports trail Labour Ministry to look into POSH compliance by IT services firms, says employees union Is TCS harassment case tip of the iceberg? Entry-level smartphones get costlier as memory shortage persists Indians most nervous about AI despite highest skill penetration EdgeCortix secures Axiro, MPower investment to accelerate AI chip innovation Infosys partners Carlos Alcaraz as global brand ambassador Wipro buys select Alpha Net Group contracts for $70.8 Mn AMS expands Pune GCC, strengthens India’s role in global talent operations Memory chip crunch and Iran war lead phone market decline, IDC says UST, Evaaya jointly launch UST Nimbus to help empower GCCs with new capabilities No layoffs, says Zoho: 300 mentioned in social media post were interns Nvidia’s New AI models spark rally in quantum computing stocks OpenAI unveils GPT-5.4-Cyber a week after rival's announcement of AI model IMF urges nations to stay at frontier of mounting AI risks How your CCTV becomes a hacker’s spy Vehant Technologies eyes 20% topline from export in 3 years Cabinet Secretary emphasizes AI development and civil-military cooperation Amazon to acquire Globalstar for $11.57 billion to boost satellite internet Kaar Tech eyes data analytics acquisition as it positions itself as an AI-led enterprise OS enabler India’s quantum mission to complete 2,000 km network by 2027 Andhra Pradesh launches India’s first quantum reference facility in Amaravati Wegovy-maker Novo Nordisk partners with OpenAI to fasten drug development SPNI acquires TV and digital rights for Indian Football League Qlik partners with ServiceNow to enhance AI-driven enterprise workflows Anthropic hires Trump-linked lobbying firm Ballard Partners OpenAI's $852 billion valuation faces investor scrutiny amid strategy shift Sify data centre arm IPO on track and will be timed with market conditions, says CFO Tata Group asks TCS COO to investigate Nashik sexual harassment case
No more company-wide layoffs this year, says Meta CEO Mar...
By ANI · 2026-05-21 · via Latest InfoTech News, IT, Information Technology News | The HinduBusinessLine

Meta CEO Mark Zuckerberg has informed the company’s employees that there will not be any more widespread layoffs this year, Reuters reported. He informed the staff on the same day when the social media giant carried out massive restructuring, letting go of around 10 per cent of its staff.

“I want to be clear that we do not expect other company-wide layoffs this year. I also want to acknowledge that we haven’t been as clear as we aspire to be in our communication, and that’s one area I want to make sure we improve,” Reuters quoted from the internal memo.

As part of the restructuring, Meta will move around 7,000 employees into new AI roles. Zuckerberg told the employees that success in the AI age is not a given and that it is a pivotal moment that will define the next generation.

“AI is the most consequential technology of our lifetimes. The companies that lead the way will define the next generation,” a report in NBC quoted Zuckerberg as saying.

In an internal memo in April, the Facebook boss detailed the reorganisation plan that included cutting around 8,000 jobs and not filling 6,000 open positions, according to the NBC report. The company said that the layoffs have been planned to offset some of the investments made into AI.

“This is the most dynamic I have seen our industry. I’m optimistic about everything we’re building to give billions of people the power to express themselves and connect with the people they care about,” Zuckerberg said in his Wednesday note.

He thanked the employees who have been let go for their contribution to the company even as he expressed that the company has not been as transparent as he would have liked, the NBC report said.

Silicon Valley biggies have announced widespread layoffs primarily driven by the AI wave that is sweeping across the tech world as it gears up for the challenge. LinkedIn also announced that it is letting go of more than 600 employees. The AI boom has seen a number of tech roles being slashed, causing anxiety among many who fear that their jobs may be impacted by its rising adoption.

Published on May 21, 2026