Meta job cuts, Altada’s loan terms, and Glen Dimplex nets €185m from Morphy Richards sale

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Meta staff, including those at its operation in Dublin's docklands, are bracing for more job cuts. Photograph: Leah Farrell / RollingNews.ie, which owns Facebook, Instagram and WhatsApp, are bracing for bad news on their jobs, after chief executive Mark Zuckerberg announced a new round of lay-offs that will see 10,000 people leave the group, Ciara O’Brien reports.

, an electrical goods company owned by the Louth-based Naughton family, made $198 million from the sale of its Morphy Richards home appliances brand to a Chinese acquirer, a stock market filing reveals. Joe Brennan reports.is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times. Bloomberg has the story.

 

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