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Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week

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Meta Layoffs - WSJ Meta Platforms  Inc.  META  2.11% increase; green up pointing triangle  is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a  recent spate of tech job cuts  after the industry’s rapid growth during the pandemic. The layoffs are expected to affect  many thousands of employees  and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said. The planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history. While smaller on a percentage basis than the cuts at Twitter Inc. this past week, which  hit about half of that company’s staff , the number of Meta employees expected to lose their jobs could be the largest to date at a major technology corporatio
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Corporate Governance - REI CEO resigns after investigation into personal relationship

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The CEO of REI resigned Monday, following an investigation that found he had not disclosed a personal relationship, the company said in a news release Tuesday.  An external law firm overseen by the company's board found that REI President and CEO Jerry Stritzke was in a personal and consensual relationship with the leader of an organization in the outdoor industry. He'll be leaving REI on March 15. Eric Artz, REI chief operating officer, was announced as the interim CEO effective immediately. We will always be grateful for Jerry's drive, his many contributions to the co-op and the successes he and his team have made possible. The conclusions of the investigation, however, were clear. Errors of judgment were made and Jerry and the board agree that REI needs a new leader to take the co-op forward from its very strong position," REI Board Chair Steve Hooper said. "Eric is a seasoned leader and steward of REI. He is deeply committed to the purpose o
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World's most charitable man ever

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