National Rail has warned passengers to expect “significant disruption” during strike days, which are likely to result in little or no services across large areas of its network. Here’s the National Rail’s travel advice: Advice for travelling during train strikes
Widespread disruption is expected, with 16 rail lines completely out of action. The latest strikes come after train drivers’ union Aslef and the Rail, Maritime and Transport (RMT) workers’ union both rejected revised pay offers for their members last month. Price Action: META shares traded lower by 2.50% at $116.45 on the last check Monday.Rail passengers have been warned to brace themselves for fresh chaos tomorrow as train drivers begin strike action over pay disputes. Gerstner suggested Meta slash headcount expenses by 20% and limit its pricey investments in "metaverse" technology to no more than $5 billion annually. In an open letter to Meta and CEO Mark Zuckerberg, Altimeter Capital Chair and CEO Brad Gerstner complained about its excess employees.
Reality Labs reported a loss from operations of $(9.4) billion through the first nine months of the year, and Meta's family of apps generated $32 billion in profit during that same period.ĭespite macro headwinds coupled with pressures on Meta's core business, pulling back on future bets to focus on short-term goals alone can have disastrous consequences, Bosworth said.Ī 20% investment in futuristic technologies is a "level of investment we believe makes sense for a company committed to staying at the leading edge of one of the most competitive and innovative industries on earth," he said. The investment also indicated that most of Meta's investments would back its "family of apps" Facebook, Instagram, WhatsApp, and Messenger.Īlso Read: Meta Loses Crucial Metaverse Pioneer Over Creative Disagreement With Mark Zuckerberg Meta Platforms, Inc (NASDAQ: META) went ahead with earmarking 20% of its overall costs and expenses to Reality Labs in 2023 despite concerns over the business division focused on augmented and virtual reality and the so-called metaverse.ĬTO Andrew Bosworth's projection remained unchanged from the 18% of spending Meta devoted to Reality Labs in the third quarter, Bloomberg reports.
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