tech layoffs
Meta's Massive Metaverse Pivot: Zuckerberg Plans 30% Budget Cuts and Potential Layoffs as Company Shifts Focus to AI
Dec 05, 2025 01:49 am CST
Meta CEO Mark Zuckerberg is planning significant cuts to the company's metaverse division, with potential budget reductions of up to 30% and likely layoffs in early 2026. The once-central vision for Meta's future has accumulated over $70 billion in losses since 2021, prompting a strategic shift toward AI development as the metaverse concept fails to gain widespread adoption despite substantial investment.
US Lawmakers Question Tech Giants on H-1B Visa Hiring Amid American Job Cuts
Sep 26, 2025 02:25 am CST
US Senators are investigating major corporations like Amazon, Apple, and Microsoft for hiring thousands of H-1B visa workers while simultaneously cutting American jobs. The inquiry comes as the Trump administration proposes raising visa fees to $100,000 and reforming the selection process to favor higher-skilled workers. Indian nationals currently represent 71% of H-1B visa holders, with major tech companies securing thousands of approvals in early 2025 while implementing domestic layoffs.