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Meta to eliminate 8,000 jobs in major restructuring shift

A major controversy has erupted after Norway’s largest newspaper published a cartoon depicting PM Narendra Modi as a snake charmer, drawing widespread allegations of racism and a colonial mindset.

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In an effort to streamline operations and aggressively fund its pivot toward artificial intelligence, Meta Platforms has announced a fresh round of workforce reductions. The corporate decision will impact approximately 8,000 employees globally, translating to nearly 10 per cent of its total workforce. In addition to the workforce downsizing, the technology giant will also eliminate 6,000 currently open job positions across various teams.

Strategic reallocation toward advanced technology

According to an internal memo sent to staff by Chief People Officer Janelle Gale, the workforce adjustments are scheduled to take effect from May 20. Gale acknowledged that the announcement brings unwelcome news and places teams in an uneasy position, but maintained that the choice represents the best path forward given the company’s current operational demands. The organizational overhaul comes as the parent company of Facebook and Instagram drastically increases its capital expenditure to support high-cost AI infrastructure, models, and specialized technical talent.

The tech major has actively adjusted its spending trajectory, with projections for the current financial year mounting significantly to fund developments such as specialized data centers, high-performance automated software, and compensation packages intended to capture top-tier industry experts. Media reports indicate that the company is looking to build smaller, more agile product development structures that utilize advanced computing tools to achieve output targets traditionally requiring much larger operational divisions.

Corporate focus shifts to lean operations

Chief Executive Mark Zuckerberg has previously emphasized that advanced digital tools are altering internal production cycles, allowing smaller engineering units to deliver applications in shorter timeframes. While leadership maintains that automation is intended to enhance worker output rather than entirely swap out human professionals, the sheer scale of the restructuring has triggered broader anxieties regarding corporate workforce security across the silicon landscape.

For the affected workforce in the United States, the organization has laid out a severance structure offering 16 weeks of base compensation alongside an additional two weeks of pay for every completed year of service. The company will also sustain health coverage for eligible workers and their dependents for a span of 18 months. For professionals impacted in international jurisdictions, severance support is expected to align with regional legal guidelines alongside dedicated immigration and career placement guidance. Finance Chief Susan Li noted that the enterprise continues to evaluate its optimal structural size as new technological implementation rapidly transforms the capacity and daily output expected from single personnel units.

India News

Bank holiday today: Are banks open or closed on June 29? Here’s what RBI calendar says

Banks in Himachal Pradesh and Mizoram will remain closed on June 29, 2026, due to regional holidays, while banking operations will continue normally in most other states.

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Bank Holidays

As June comes to an end, many customers are wondering whether banks across the country are open on June 29, 2026. According to the Reserve Bank of India’s (RBI) holiday calendar, bank operations will not be affected nationwide, but branches in some states will remain closed due to local holidays.

Banks closed in these states on June 29

Banks will remain shut in Himachal Pradesh on Monday, June 29, on account of Sant Guru Kabir Jayanti. In addition, bank branches in Mizoram will remain closed to observe Remna Ni, a regional public holiday.

However, bank branches in most other states and Union Territories are expected to function normally as June 29 is not a nationwide banking holiday.

Will online banking services remain available?

Even when physical branches remain closed, customers can continue using digital banking facilities. Services such as internet banking, mobile banking, UPI transactions, ATM withdrawals and cash deposits at ATMs will remain operational.

Customers planning to visit a bank branch are advised to check with their local branch beforehand, as holiday schedules may vary depending on the state and local observances.

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India News

Second cloudburst in a week triggers floods in Arunachal, travel advisories issued

A second cloudburst in less than a week has caused fresh flooding and landslides in Arunachal Pradesh, leading authorities to issue travel advisories in affected districts.

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Cloud burst in Arunanchal

A second cloudburst within a week has triggered widespread flooding and landslides in parts of Arunachal Pradesh, prompting district authorities to issue travel advisories and urge residents to avoid non-essential journeys.

Torrential monsoon rains accompanied by cloudbursts have severely affected the East Siang and Leparada districts, damaging road infrastructure and disrupting connectivity in several areas. According to local authorities, multiple key road links in East Siang district have either been blocked or washed away due to incessant rainfall.

Several road links damaged

The worst damage has been reported on the Pasighat-Runne-Takilalug Road, where sections of the route have been extensively affected. Landslides and overflowing streams have also rendered several other roads unsafe for vehicular movement. Authorities have deployed heavy machinery and emergency teams to clear debris and restore connectivity at the earliest.

Officials have advised people to undertake travel only if absolutely necessary and to remain alert, particularly in landslide-prone stretches. Residents have also been asked to closely follow official weather updates and district advisories.

The latest weather-related disruption comes days after flash floods and landslides caused extensive damage in Keyi Panyor district, where rescue and relief operations are still underway following heavy rainfall earlier this week.

Meteorological forecasts indicate the possibility of continued heavy rainfall across parts of Arunachal Pradesh, raising concerns over further flooding and landslides in vulnerable regions.

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Delhi likely to receive monsoon by July 4, says IMD

The India Meteorological Department has predicted that the southwest monsoon is likely to reach Delhi by July 4, offering relief from persistent heatwave conditions.

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Delhi Monsoon

Residents of Delhi may finally get respite from the prolonged spell of intense heat, with the India Meteorological Department (IMD) forecasting the arrival of the southwest monsoon in the national capital by July 4.

According to the weather office, conditions are becoming favourable for the monsoon to advance further across several parts of north India, including Delhi, over the next five to six days. The forecast comes after the capital witnessed unusually high temperatures and delayed seasonal rainfall.

Monsoon expected to advance across north India

The IMD said the southwest monsoon is likely to progress into additional parts of Rajasthan, Punjab, Haryana, Chandigarh, Delhi, western Uttar Pradesh and Jammu and Kashmir during the coming days as weather systems create conducive conditions for its advance.

The expected arrival of the monsoon is likely to bring widespread rainfall activity and provide much-needed relief from scorching temperatures that have persisted across Delhi and adjoining regions. The city has experienced an extended period of heat, with temperatures remaining above normal in recent weeks.

The weather department has also issued heatwave warnings for parts of Uttar Pradesh even as monsoon activity gradually strengthens across northern India.

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