Tag: Getty Images

AIBusinessTechnology

Meta Trims 600 AI Division Roles Amid Broader Efficiency Push

Meta Platforms is cutting approximately 600 positions within its artificial intelligence division, according to company confirmation. The layoffs affect AI infrastructure, research, and product teams as the company seeks operational efficiency.

Major Workforce Reduction in Meta’s AI Operations

Meta Platforms is eliminating roughly 600 positions within its artificial intelligence unit, according to reports confirmed by company representatives. The cuts represent one of the more significant workforce adjustments since the company’s broader restructuring efforts began, with sources indicate the moves aim to reduce organizational layers and improve operational agility.

by Elijah Porter
BusinessPolicy

UK Competition Authority Challenges Getty-Shutterstock Merger Over Market Dominance Concerns

The proposed £245 million merger between Getty Images and Shutterstock faces regulatory hurdles as the UK Competition and Markets Authority warns of substantial competition concerns. Both companies must now propose remedies within one week to address issues identified in the Phase 1 investigation or face a more intensive Phase 2 review.

Regulatory Scrutiny Intensifies

The proposed merger between visual content giants Getty Images and Shutterstock has encountered significant regulatory obstacles, according to reports from the United Kingdom‘s competition watchdog. The Competition and Markets Authority (CMA) has determined that the combination poses a “major risk to competition” in editorial content supply both within the UK and globally.

by Elijah Porter