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    Home » Ticker: Meta slashes another 10,000 jobs; Catholic system drops hospital merger  
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    Ticker: Meta slashes another 10,000 jobs; Catholic system drops hospital merger  

    Business KhabarBy Business KhabarMarch 15, 2023Updated:March 15, 2023No Comments
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    Ticker: Meta slashes another 10,000 jobs; Catholic system drops hospital merger  
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    Facebook dad or mum Meta is slashing 10,000 jobs, about as many because the social media firm introduced late final yr in its first spherical of cuts, as uncertainly in regards to the world economic system hits the know-how sector significantly onerous.

    The firm introduced 11,000 job cuts in November, about 13% of its workforce on the time. In addition to the layoffs, Meta stated Tuesday that it might not fill 5,000 open positions.

    “This will be tough and there’s no way around that,” stated CEO Mark Zuckerberg.

    Catholic system drops hospital merger

    A Catholic-run well being care system has withdrawn its utility to affiliate with Day Kimball Healthcare, an unbiased, financially struggling hospital and well being care system in northeastern Connecticut.

    Covenant Health’s resolution to terminate its settlement with Day Kimball in Putnam comes weeks earlier than the state’s Office of Health Strategy was scheduled to carry a public listening to on the deliberate merger.

    “As part of our due diligence as we prepared for the public hearing, we became aware of new and updated information that resulted in our decision to not move forward,” stated Karen R. Sullivan, vp of promoting and chief communications officer for Massachusetts-based Covenant Health.

    The proposed merger had raised considerations amongst residents and Attorney General William Tong in regards to the destiny of reproductive well being and different providers within the largely rural area of Connecticut which may be at odds with the Ethical and Religious Directives set by the U.S. Conference of Catholic Bishops, a problem that has come to gentle in different states as properly.

    Sullivan stated in an e mail that Covenant’s resolution to withdraw its utility “had nothing to do with” the directives.

    Source: www.bostonherald.com”

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