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Meta to freeze hiring to tighten budget: report
Meta to freeze hiring to tighten budget: report
by  AFP

Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported. Meta chief Mark Zuckerberg revealed a planned pause in hiring during a weekly all-hands meeting, the Journal reported, saying the move came as the social media titan planned to cut expenses by at least 10 percent.

Nike shares tumble as it reports lower profits
Nike shares tumble as it reports lower profits
by  AFP

Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns, as it pivots in a fast-changing consumer market challenged by inflation. Friend said Nike has continued to see strong consumer demand for choice products, but that it is working to offload a glut of older items that have generated less interest.

Google shutting down cloud gaming service Stadia
Google shutting down cloud gaming service Stadia
by  AFP

Google on Thursday said it is shutting down Stadia, the cloud video game service it launched three years ago to let people access console-quality play as easily as they do email. And while Microsoft makes Xbox video game consoles, it has been leading a shift to letting people play titles on internet-linked devices of their choosing with titles hosted in the cloud.

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