PSEB Punjab Board Class 12th Result 2026 Live: The Punjab School Education Board (PSEB) is set to declare the Higher Secondary Board exam results today, May 13, 2026. Students can now check and download the Punjab Board 12th Result 2026 from the official website, pseb.ac.in
Gold rate today: Prices surge after Centre raises customs duty on precious metals; check latest prices in your cityToday Gold Rate: Despite the sharp jump, 24-carat gold prices are still down 1.07 per cent over the past week and 0.75 per cent over the last month. Updated on: May 13
India’s AI ecosystem is entering a defining phase where startups, SMEs, and enterprises alike are moving from experimentation to real-world impact. As AI adoption accelerates across industries, organisations now have a rare opportunity to lead innovation, influence business transformation
Dr Reddy shares: Shares of pharma major Dr Reddy's Laboratories swung between gains and losses in morning deals on the BSE on Wednesday, 13 May, a day after reporting a 86% year-on-year (YoY) drop in its March-quarter (Q4FY26) profit.Dr Reddy shares: Shares of pharma major Dr Reddy's Laboratories
In under a month from now, India's Aircraft Accident Investigation Bureau (AAIB) is expected to release its final report on the crash of London-bound Air India flight AI‑171 that went down seconds after take‑off from Ahmedabad in western India on 12 June 2025.In under a month from now
Actor Urvashi Rautela once again ensured all eyes were on her as she walked the red carpet at the 79th edition of the Cannes Film Festival. After rumours suggested that she might skip the event this year, Urvashi stayed true to her reputation for bold and extravagant fashion with a dazzling silver
Jason Holder has been a game-changer for Gujarat Titans, leading them to five wins in six matches since his inclusion. His exceptional bowling, with 13 wickets at an impressive average and strike rate, has been instrumental. Holder's all-round contributions, including fielding
After West Bengal, the Bharatiya Janata Party government in Bihar has also said that persons deleted during the special intensive revision of electoral rolls will not receive welfare benefits, The Indian Express reported. Bihar Chief Minister Samrat Choudhary told the newspaper that the persons
Meta to lay off 8
Meta to lay off 8,000 employees on May 20: What will be the severance package for staff by Mark Zuckerberg’s company?
Meta, the parent company of Facebook, is laying off another 8,000 employees, roughly 10 per cent of its global workforce, on May 20. Meta’s chief people officer Janelle Galle, stated that the laid off workers will get “generous” severance packages, reported Bloomberg. The severance package in the United States will include 16 weeks of base pay plus two weeks for every year of employment. Plus, the company would also cover health care costs for US employees and their families for 18 months.
For employees based outside the US, the packages “will be similar but vary by country, as will local timelines and processes.” Meta will also provide career support for impacted workers.
“We will support those who are laid off with a generous severance package which, in the US, will include 16 weeks base pay plus two weeks for every year of employment. We will also cover the cost of COBRA health care coverage for US employees and their families for 18 months. Packages outside the US will be similar but vary by country, as will local timelines and processes. We will also offer career services to support people in finding another role, and immigration support for those who need it. We’ll share more of these details in a follow-up post ahead of May 20,” the company said.
The company informed its employees about the layoffs via an internal memo, reported Bloomberg and was sent by Meta’s chief people officer, Janelle Gale. In the message, Janelle stated that the company was working on internal changes that will “result in us laying off around 10 per cent of the company on May 20.”
Janelle Gale accepted that the company was sharing the tough news to employees since the layoff reports had already made it to the media. She explained, “Normally, we would want to nail down more details before communicating about this broadly, but since this has leaked, I want to share what I can right now.”
In the memo, Janelle acknowledged that Meta needed to reduce roles to save cash for investments elsewhere. She wrote, “We’re doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making.” While the Meta chief did not explicitly mention the areas of investment, it is likely that the company will continue to double down on AI.
“Over the last few weeks we have been working on some changes to our organization that will result in us laying off around 10% of the company on May 20, and closing about 6,000 open roles. Normally, we would want to nail down more details before communicating about this broadly, but since this has leaked, I want to share what I can right now. I know this is unwelcome news and confirming this puts everyone in an uneasy state, but we feel this is the best path forward, given the circumstances.
We’re doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making. This is not an easy tradeoff and it will mean letting go of people who have made meaningful contributions to Meta during their time here.
For notifications, we will follow the same process we have before: on May 20, anyone who is impacted will receive an email to their work and personal accounts – please make sure your personal email is updated in Workday.
I know this leaves everyone with nearly a month of ambiguity which is incredibly unsettling. We will try to answer your questions here in the comments but as we’re still working through the details we aren’t able to share much more until later in May. Meanwhile, you can find more information on the People Portal which includes our standard FAQs and logistical details for layoffs.”
CEO Mark Zuckerberg said the teams are being streamlined so they aren’t bigger than they need to be, according to a report in Times of India.
Speaking during a call on April 29, Mark Zuckerberg said a major shift has been seen emerging across the company and AI is dramatically accelerating product development. According to Zuckerberg, small teams or even individuals using AI tools are now able to build and launch projects within a week that previously needed dozens of engineers and several months of work. He added that Meta aims to become the preferred platform for such AI-powered creators and plans to roll out far more apps and projects than it has in the past.
“We’re streamlining our teams so they aren’t larger than necessary,” Mark Zuckerberg said, describing the move as a deliberate structural strategy rather than a reactionary measure. He added that Meta would continue rewarding employees who make significant contributions while simultaneously launching a much larger number of projects in parallel.
Mark Zuckerberg distanced himself from the growing concerns around AI replacing jobs. “AI isn’t going to replace people,” he told the call, arguing that the technology will help individuals become more productive rather than eliminate human roles altogether.
Why Meta is cutting 8,000 jobs
With nearly 8,000 job cuts planned for May 20 and spending expected to reach a record $125–145 billion this year, Mark Zuckerberg told analysts that Meta is reshaping itself around smaller teams powered by AI tools and highly productive employees. He suggested that the layoffs are not only about reducing costs, but also about deciding who fits into the company’s new AI-focused direction.
Meta CFO Susan Li also said the company is still figuring out what its ideal workforce size should be, especially as AI continues to change how much work a single person can accomplish in a short time. The overall message from Meta’s leadership was clear: the company is undergoing a major transformation, and not every role or employee may remain part of its future plans.
Source: Msn.com
Related Posts: Meta Plans To Lay Off Nearly 1 Ola Electric to lay off 5% of workforce as part of restructuring effort Target To Lay Off 1 Coca-Cola India Bottler HCCB To Lay Off Around 300 Employees Is Microsoft Planning To Lay Off 22 Microsoft to lay off 9 Zupee To Lay Off 170 Employees After Ban On Real-Money Gaming Amazon Plans To Lay Off Thousands More Employees As Cost-Cutting Drive Continues Ola Electric to lay off about 5% of workforce amid ‘structural transformation’
Step inside ₹15 crore Gurgaon duplex penthouse in DLF Phase 1 with modern interiors: 520 square yards of pure luxuryThis Gurgaon penthouse redefines luxury living with its private terrace, natural light, high ceilings, and sophisticated design with a neutral colour scheme. Published on: May 13
1 minutes ago
CPI inflation rises to 3.48% in April on food price gainsThe April CPI print still captures only a limited pass-through from the global energy shock. Updated on: May 13, 2026 10:29 AM IST By Sreedev Krishnakumar Share via Copy link India’s headline retail inflation
1 minutes ago
Leader of Opposition in the Lok Sabha Rahul Gandhi on Tuesday accused the government of reducing the process of selecting the next director of the Central Bureau of Investigation to a “mere formality” and wrote to Prime Minister Narendra Modi to record his dissent
1 minutes ago
With the cancellation of the National Eligibility cum Entrance Test (NEET)-Under Graduate (UG) 2026 examination, the National Testing Agency (NTA), which conducts this entrance exam, has yet again come under the scanner for its alleged lax operational capacity, porous cybersecurity
1 minutes ago
Gold Import Duty Hike 2026: Gold jewellery imports have become costlier from May 13 after the Centre sharply increased customs duty and AIDC (Agriculture Infrastructure & Development Cess) to 15 per cent on gold, silver and other precious metals in a major reversal of last year’s duty cut
1 minutes ago
California gubernatorial candidate Katie Porter has referenced a previously viral video involving a staff interaction in a new campaign advertisement. The video, which surfaced in 2025, showed Porter telling a staffer to “get out of my f—ing shot" while recording a message
1 minutes ago
PM Modi asks SPG to reduce convoy size as austerity step amid West Asia conflictPM Modi had on Sunday advised citizens to adopt a clutch of austerity measures, including car pooling, using public transport, working from home, buying less gold and limiting foreign travel Published on: May 13
1 minutes ago
Cynthia West: 5 things on Thomas Massie's ex-girlfriend accusing him of hush money offerCynthia West, a former girlfriend of Kentucky representative Thomas Massie has accused him of a hush money offer, a week before the May 19 primary. Published on: May 13
1 minutes ago
Welcome to The India Fix by Shoaib Daniyal. A newsletter on Indian politics. As always, if you’ve been sent this newsletter and like it, to get it in your inbox every week, sign up here (click on “follow”). The state election results declared on May 4 offer an insight into Indian politics two
1 minutes ago
N. Rangasamy was sworn in as Puducherry Chief Minister for the fifth time on Wednesday, administered the oath by LG K. Kailashnathan. A four-time former CM, Rangasamy launched the AINRC in 2011 after splitting from Congress. He secured a fifth term as CM
1 minutes ago
Days after a Chinese engineer told state broadcaster CCTV that Beijing had provided “on-site” technical support to the Pakistan Air Force during Operation Sindoor, the Ministry of External Affairs on Tuesday (May 12, 2026) said that these reports “corroborate” what was known to India
1 minutes ago
Market Updates Today: Indian benchmark indices staged a strong recovery in late morning trade on Wednesday, reversing earlier losses as broad-based buying emerged across metals, pharma, financials and broader market stocks. At around 10:28 am, the NSE Nifty 50 was trading at 23,467
1 minutes ago
US President Donald Trump is bringing a host of top business and technology industry executives on his trip to China this week. Among those joining the president on his official trip to Beijing are Tim Cook of Apple, Elon Musk of Tesla and SpaceX, Larry Fink of BlackRock
1 minutes ago
With humid weather and monsoon season approaching in many parts of India, compact dryers and portable laundry drying machines are once again seeing strong demand during the ongoing Amazon Great Summer Sale. Buyers looking for apartment-friendly drying solutions
1 minutes ago
Ted Lasso actor Cristo Fernandez has signed for American second-tier side El Paso Locomotive after a two-month trial. The 35-year-old Mexican, who played Dani Rojas in the hit Apple TV+ programme between 2020 and 2023, will now take up a different role for the USL Championship side
1 minutes ago
A project to fix and paint the Lincoln Memorial Reflecting Pool, which President Donald Trump said would cost up to $2m (£1.5m), is now expected to cost $13.1m, federal records show. The no-bid contract went to a Virginia company, which critics say bypassed a federal requirement for competing
1 minutes ago
Leader of Opposition in Lok Sabha Rahul Gandhi on Tuesday recorded a dissent note during the Prime Minister-led selection committee meeting to choose the next Director of the Central Bureau of Investigation (CBI). In a letter addressed to Prime Minister Narendra Modi
1 minutes ago
The Board of School Education Haryana (BSEH) announced the Haryana Board Class 12 Result 2026 on the evening of May 12. Students can check their results on the official Haryana board website, bseh.org.in. This year, 242,856 candidates appeared for the HBSE Class 12 regular examinations. Of these
1 minutes ago
In a move that has rewritten the administrative playbook of Tamil Nadu, Chief Minister C Joseph Vijay has formalised a relationship that usually remains confined to the shadows of the “puja room". On Tuesday, the Tamilaga Vettri Kazhagam (TVK) leader officially appointed his personal astrologer
1 minutes ago
Actor Dileep Raj has died after suffering a heart attack, leaving the Kannada film and television industry in shock. The actor and producer reportedly suffered the cardiac arrest in the early hours of Wednesday and was rushed to Apollo Hospital in Kumaraswamy Layout
1 minutes ago
In a major development for women’s health, Polycystic Ovary Syndrome (PCOS)—one of the most common hormonal disorders affecting women—has officially been renamed Polyendocrine Metabolic Ovarian Syndrome (PMOS) after more than a decade of global discussion among doctors, researchers
1 minutes ago
The revised rates will come into effect from May 13 and cover multiple categories linked to gold, silver, platinum and jewellery manufacturing. The Centre has increased customs duty on several categories linked to imports of gold, silver and other precious metals through a set of Finance Ministry
1 minutes ago
The war of words between Vinesh Phogat and the Wrestling Federation of India has now drawn in former WFI chief Brij Bhushan Sharan Singh. Speaking to reporters on Tuesday, Brij Bhushan reacted to Vinesh’s recent claims that she was being prevented from competing in women’s freestyle wrestling
1 minutes ago
OnePlus Nord CE6, Nord CE6 Lite and the maturing affordabilityIf you must pick wisely depending on specific usage patterns, as you should, both Nord CE6 and Nord CE6 Lite do well in terms of consistency and intuitiveness within their spec defined boundaries. Published on: May 13
1 minutes ago
Heavily reliant on worker remittances from West Asia for its economic recovery, Sri Lanka has expressed “grave concern” over the escalating conflict in the region. Migrant workers sent a record $8 billion in remittances last year, boosting foreign reserves and helping recovery from the
1 minutes ago
Meta, the parent company of Facebook, is laying off another 8,000 employees, roughly 10 per cent of its global workforce, on May 20. Meta’s chief people officer Janelle Galle, stated that the laid off workers will get “generous” severance packages, reported Bloomberg
1 minutes ago
Delhi Capitals captain Axar Patel fined INR 12 lakhs for slow over rate in Match No. 55 of IPL 2026 against Punjab Kings, first offence under Article 2.22 Delhi Capitals have managed to keep themselves alive in the race for the IPL 2026 playoffs after chasing down 211 against Punjab Kings in
1 minutes ago
