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Meta CEO Mark Zuckerberg.

Reuters

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.

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S3 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.

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