street city and country news

Silicon Valley News

MENLO PARK, Calif.  Meta employees on Monday will find out if they are being laid off as part of a new round of performance-based job cuts.

Affected workers will be notified by email.

Last month, Facebook’s parent company said it planned to cut 5% of its workforce.

That’s over 3,000 people.

Meta officials say workers who are considered to be the “lowest performers” are being let go.

The Silicon Valley-based company plans to back-fill the positions later this year.

Here are some recent news stories from Silicon Valley:
  • Nvidia: Nvidia’s AI boom has led to its third highest market value on Wall Street. China is also investigating the Silicon Valley-based tech company. 
  • Apple: Apple will open iPhone to alternative app stores and lower fees in Europe. 
  • Solar window company: A solar window company has decided to place its USA headquarters in San Jose. 
  • California wages: Average California wages rose 20.9% in four years. 
  • Adobe: The feds allege that Adobe “trapped customers” with hard-to-cancel subscriptions and hidden fees. 
  • New California crime laws: New California crime laws seek to deter retail theft and property crimes. 
  • AI, spatial computing, and quantum: These three technologies are reinventing Silicon Valley. 
  • Silicon Valley Congresswoman Anna Eshoo: Eshoo will retire after her current term ends. 
  • Bay Area Host Committee: The Bay Area Host Committee agrees to cover all costs for 2026 World Cup. 

Silicon Valley is a global center of technological innovation located in the South San Francisco Bay Area of California. The area was named after the primary material found in computer microprocessors. Silicon Valley is home to dozens of major technology, software, and internet companies.



 

Comments are closed.