Meta looks to cut costs by at least 10%

Nykaa founder Falguni Nayar is the richest woman in India+ 9 more stories

All the important news from the tech world, summarized for you. Grab your chai and sip on!

Meta looks to cut costs by at least 10%; Employees to help achieve the target by losing jobs?

• The reported figure represents a big jump from the earlier forecast of about 2% to 4% cost cuts that Meta announced in July.

• To meet its latest target, the Facebook parent has already started nudging out a large number of staffers by reorganizing departments and providing affected employees a limited window to apply for other roles within Meta.

  ---

Apple rolls out iOS 16.1 public beta 2

• The software release brings awaited features first announced during the WWDC 2022 keynote, alongside new tweaks that Apple has been working on.

• Exclusive with iOS 16.1 public beta 2, Apple has added a Lock Screen charging indicator previously available on iOS 15. The company has also fixed the “copy and paste” bug, alongside the three-fingers gesture bug.

  ---

JP Morgan: Apple could produce one out of four iPhones in India by 2025

• JP Morgan expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world’s second-biggest smartphone market after China.