Technology

Facebook perks part of Meta downfall

CEO Mark Zuckerberg indicated Wednesday Meta Platforms has reduced lavish employee perks amid broader cost-cutting measures across Facebook's parent company.

Chipmaker TSMC plans Arizona factory expansion

The U.S. has been encouraging foreign tech firms to manufacture in the country and has actively supported local research, development and manufacturing after passing its CHIPS Act.

Meta to lay off over 11K employees

Meta CEO Mark Zuckerberg announced in a letter to employees on Tuesday morning that more than 11,000 employees would lose their jobs. The company has about 87,000 workers.