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    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

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    Macron: France ready to deploy resources in M. East

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

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    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

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    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

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    Nigeria Imposes 10% Tax on Short-Term Investment Interest

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    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    GTCO Announces Total Voting Rights as at 27 February 2026

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    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

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    BUA Cement Announces ₦10 Final Dividend for 2025 FY

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    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

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    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    Oil Prices Surge Amid Middle East Tensions

    Oil Prices Surge Amid Middle East Tensions

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Macron: France ready to deploy resources in M. East

    Macron: France ready to deploy resources in M. East

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Iran Confirms First Fatalities in US-Israeli Strikes: Girls’ School Hit in Minab

    Dubai Airport Cancels Flights as UAE Closes Airspace Due to Middle East Tensions

    Dubai Airport Cancels Flights as UAE Closes Airspace Due to Middle East Tensions

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    GTCO Announces Total Voting Rights as at 27 February 2026

    GTCO Announces Total Voting Rights as at 27 February 2026

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

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    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    BUA Cement Announces ₦10 Final Dividend for 2025  FY

    BUA Cement Announces ₦10 Final Dividend for 2025 FY

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

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    Zichis Agro-Allied Proposes 20 Kobo Dividend ahead AGM

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    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

    NGX Group Announces ₦2 Dividend and one for three Bonus Issue

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    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

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    Again DMO offers N360 billion FGN bond for February

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

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    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

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Meta cuts 600 AI jobs amid internal restructuring

Wednesday, 22 October 2025, 4:17 pm
in Business, Industry
0
Meta set to lay off employees in Africa, Europe, Asia
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Meta Platforms Inc. will lay off approximately 600 employees from its Superintelligence Labs division, as the tech giant undertakes a major restructuring to streamline its artificial intelligence operations and refocus on high-priority initiatives.

The cuts, disclosed in an internal memo from Meta’s Chief AI Officer Alexandr Wang, impact several legacy teams, including the Facebook AI Research (FAIR) group, product-focused AI units, and infrastructure support teams. Notably, the newly formed “TBD Lab”—tasked with advancing Meta’s long-term “superintelligence” ambitions—has been spared.

The reductions affect a small fraction of Meta’s several-thousand-strong AI workforce.

U.S.-based employees received notifications as early as 7 a.m. on October 22, with international staff informed over the following days.

Meta is actively encouraging impacted workers to apply for other internal roles, with the company expecting most to transition elsewhere within the organization.

The move follows a turbulent year for Meta’s AI division, including the controversial rollout of its open-source Llama 4 model, which drew criticism for underwhelming performance relative to expectations. The model’s reception reportedly triggered internal scrutiny and a leadership reshuffle in June 2025.

Despite the job cuts, Meta continues to invest heavily in AI. The company poured $14.3 billion into Scale AI—Wang’s former company—earlier this year, and offered more than $100 million in bonuses to poach top talent from rivals such as OpenAI and Google DeepMind. Meta has also committed $27 billion in AI financing for 2025, even as it paused broader AI hiring earlier this year.

Industry analysts view the restructuring as a sign of mounting pressure to convert AI research into real-world, revenue-generating products. Meta is pivoting from broad-based research efforts toward smaller, product-driven teams, mirroring a broader trend across Big Tech.

As Meta sharpens its focus on “superintelligence,” the stakes in the AI arms race are only growing. With competition from OpenAI, Anthropic, Google, and a surge of well-funded startups, the coming year is likely to test whether Meta’s new strategy can deliver both innovation and impact.

Vivian Ifunanya Gerald

Administrator and Writer

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