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Meta CEO Mark Zuckerberg.
Hard Numbers: Meta’s mess, Bangladesh’s bailout, Africa’s floods, China’s gender gap
11,000: There’s nothing meta about it: Mark Zuckerberg’s company on Wednesday laid off more than 11,000 employees, totalling 13% of its workforce. The cuts come after a wretched year for Meta, which is struggling with lower digital ad revenue amid a global economic slowdown, while facing fierce competition from other platforms for younger users. Zuck says the company will now focus more narrowly on artificial intelligence, advertising, and his beloved metaverse.
4.5 billion: Bangladesh is the latest country to have secured a provisional bailout – worth a whopping $4.5 billion – from the International Monetary Fund. Already highly indebted before the dual crises of COVID and the war in Ukraine, Bangladesh has seen its foreign reserves completely dry up.
4 million: Farmers across Central and West Africa are reeling after torrential floods decimated their crops. At least 4 million people, mostly small subsistence farmers, say their harvests have been destroyed. This comes as many import-reliant African countries were already facing severe food insecurity due to the war in Ukraine.
33: Under President Xi Jinping’s tenure, female participation in the Chinese workforce has dropped significantly, with the country's place in the World Economic Forum’s Global Gender Gap Report having fallen 33 places since 2012. Cultural norms in China have certainly shifted since Beijing hosted the UN’s Fourth World Conference on Women in 1995, where Hillary Clinton famously proclaimed that “women’s rights are human rights.”Episode 8: How closing the gender gap drives economic growth
Listen: “Women make about 75% of all household consumption decisions, and control close to 100 trillion in wealth,” says Ida Liu, Global Head of Citi Private Bank. "Women can no longer be ignored."
On the latest episode of Living Beyond Borders, we look at the impact women have in 2022 on the U.S. and global economy.
After some progress in the number of women in leadership positions and running businesses, the COVID-19 pandemic saw a setback for millions of women, especially those responsible for childcare. We'll look at how they are faring, and the gains women around the globe stand to obtain in the coming years.
This episode is moderated by Tracy Moran, managing editor of GZERO's daily newsletter Signal; and features Ida Liu, Global Head of Citi Private Bank, and Isadora Seixas, Global Macro-Geostrategy Analyst at Eurasia Group.

Tracy Moran
Managing Editor, Signal, GZERO Media

Ida Liu
Global Head, Citi Private Bank

Isadora Seixas
Global Macro-Geostrategy Analyst, Eurasia Group
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