News

According to monitoring by Beating, Meta laid off 8,000 employees on May 20, 2026. Several employees revealed that the layoff emails were sent collectively at 4 a.m. that day, and the company had previously required all staff to work from home. The list of dismissed employees included IC4-level core engineers with high performance, no PIP records, who routinely slept less than 4 hours a day and frequently submitted code at 3 a.m.For employees who were not laid off, monitoring software has been installed on their computers. Internal employee Marco pointed out that the company is tracking the activity patterns of remaining staff to train AI, with the goal of further replacing existing roles by leveraging these AIs. Meta is currently experiencing record-breaking profits. Former employee Jeremy Bernier confirmed that stack ranking is still being carried out internally, and a large number of junior and mid-level engineers with mortgages and H1B visa holders, after endless overtime work, still became direct casualties sacrificed to boost the share price.

Glonhui May 21｜Walmart's US stock fell nearly 3% before market opening. The company reported adjusted earnings per share of $0.66 for the first quarter, matching the market estimate of $0.66.

The signing of this final offtake agreement secures a stable supply source of critical rare earth elements for Realloys. This move marks both parties' cooperation entering a substantive stage in the rare earth supply chain sector. As a significant rare earth resource development project, a considerable portion of the initial output from the Tanbreez project has already been covered by long-term contracts.