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Nearly half of Meta job cuts were in tech, reorg underway – execs say

OAKLAND, Calif., November 11 (Reuters) – Meta Platforms, owner of Facebook (META.O) told employees on Friday it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it cut this week as part of unprecedented cost-cutting were in tech roles . Speaking at a public employee meeting heard by Reuters, …

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Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads, including Union Pacific (UNP.N)Berkshire Hathaway …

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Biden administration presses unions, railroads to avoid shutdown

The United States Chamber of Commerce building is seen in Washington, DC, U.S., May 10, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Sept 12 (Reuters) – The Biden administration has urged railroads and unions to reach a deal to avoid a rail work stoppage, saying on Monday it …

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Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent …

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