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Report: Meta Plans New Job Cuts

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
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Report: Meta Plans New Job Cuts

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter.

Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.

The first wave of the new cuts would be announced next week and are likely to hit non-engineering roles the hardest, according to the report.

The company is also expected to shut down some projects and teams in conjunction with these cuts, the report added.

Meta did not immediately respond to a Reuters request for comment.

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KACST Successfully Localizes, Develops Energy-Efficient Blue LED Technology

The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA
The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA
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KACST Successfully Localizes, Develops Energy-Efficient Blue LED Technology

The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA
The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA

King Abdulaziz City for Science and Technology (KACST) successfully localized and developed blue light-emitting diode (LED) technology, which is used in modern energy-efficient lighting applications.
The achievement reflects the National Laboratory's efforts to establish infrastructure to support research, development, and innovation. It also highlights the training and qualification of national talents in designing and manufacturing electronic chips through KACST's Saudi Semiconductor Program.
The successful localization of this technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives to achieve industrial and technological leadership. It boosts local content in non-oil sectors, contributing to economic diversification and sustainable development.
The blue LED technology offers promising solutions in modern lighting by reducing energy consumption by up to 80%, increasing efficiency to 200 lumens per watt compared to traditional bulbs' 16 lumens per watt, and extending lifespan by 20 times compared to conventional technologies.
The technology helps reduce electronic waste and lowers greenhouse-gas emissions by more than six times, making it a key pillar in supporting global efforts to combat climate change and achieve sustainable development goals (SDGs) in Saudi Arabia.