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BBCNEWS World Business Report June 4, 2024 05:47:00

City of kherson. president biden s described tuesday s mid term elections as a good day for democracy, and that voters had spoken clearly about their concerns. some of the most difficult changes we ve made in meta s history . that s how chief executive mark zuckerberg described the decision announced on wednesday to cut 11,000 staff worldwide. shares in the company that owns facebook have plunged around 70% so far this year as investors worry about a downturn in online advertising revenue. and it s not the only name in big tech that has been struggling. the bbc s technology editor zoe kleinman has the story. the top tech companies are facing hiring - freezes and lay offs. staff at twitter find out if they ve been sacked. coinbase just telling employees in an email that it plans to lay off 18% of its workforce. big tech is having a bad time. ....

Mark Zuckerberg , Bbc World News , Zoe Kleinman , Big Tech , Tech Companies , Lay Offs , Hiring Freezes ,