Friday, July 19, 2024
Outlook India
Outlook Business

Job Cuts

The development came a few months after Relevel, an Unacademy-owned brand, fired nearly 40 employees as a cost-cutting measure

The move comes as part of Meta's "Year of Efficiency" strategy, which includes restructuring teams, cancelling lower priority projects and reducing hiring rates to flatten the organisation

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

The move is said to be part of the company's ongoing cost-cutting efforts to become profitable