Meta Platforms is taking steps to reduce headcount as it tries to cut costs by 10% over the next few months, The Wall Street Journal reports. The company has been reorganizing teams and cutting projects as it focuses on core priorities such as short-form video and the metaverse. The changes, which come as Meta struggles with a hit to its advertising business, have left many employees with...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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