iWorld
Foiwe aims 40 per cent growth in revenue in next 2-3 years
KOLKATA: Foiwe, an information technology (IT) and ITES organisation providing services in the areas of outsourcing, consulting, technology, content moderation and social media management, aims to report at least 40 per cent growth in revenue in the next 2-3 years.
“We have had a steady growth in the past and so in the next 2-3 years, we expect 40 per cent growth in terms of revenue if not more. We have some new contracts in the pipeline for 2015,” said Foiwe founder and managing director Suman Howlader.
The primary focus area for the company is its enterprise content management and moderation services. Users across the globe are generating billions of kilobytes of content and are publishing over the internet in various forms such as text, images, videos, blog posts, reviews, feedback etc.
“Sometimes users may generate bad content which can potentially impact the brand reputation. To safeguard brands online, it is important that these user generated contents on website, forums or blogs are appropriate and managed well. When user generated contents are controlled efficiently, one’s online presence becomes more credible amongst its users,” he added.
“Currently we have a team of about 60 computer engineering graduates as employees and we are still hiring. The 100th recourse should be onboard by mid 2015,” he said.
The team comprises experienced technologists and consultants working on complex business problems. “We help our clients to support more than 90 million end users across the globe,” informed Howlader.
With its headquarter in Bangalore, Foiwe has its other two offices in Kolkata and Ahmedabad. Foiwe organises its services and people in these three primary cross-functional groupings.
“We are in the process of having another branch office near Kolkata by end of 2015. We are also planning for our presence in USA and Europe by 2016,” he concluded.
iWorld
Meta plans 8,000 layoffs in new AI-led restructuring wave
First phase from May 20 may cut 10 per cent workforce amid AI pivot.
MUMBAI: At Meta, the future may be artificial but the cuts are very real. The social media giant is reportedly preparing a fresh round of layoffs, with an initial wave expected to impact around 8,000 employees as it doubles down on its artificial intelligence ambitions. According to a Reuters report, the first phase of job cuts is slated to begin on May 20, targeting roughly 10 per cent of Meta’s global workforce. With nearly 79,000 employees on its rolls as of December 31, the move marks one of the company’s most significant workforce reductions in recent years.
And this may only be the beginning. Sources indicate that additional layoffs are being planned for the second half of the year, although the scale and timing remain fluid, likely to be shaped by how Meta’s AI capabilities evolve in the coming months. Earlier reports had suggested that total cuts in 2026 could reach 20 per cent or more of its workforce.
The restructuring comes as chief executive Mark Zuckerberg continues to steer the company towards an AI-first operating model, committing hundreds of billions of dollars to the transition. Internally, this shift is already visible: teams within Reality Labs have been reorganised, engineers have been moved into a newly formed Applied AI unit, and a Meta Small Business division has been created to align with broader structural changes.
The trend is hardly isolated. Across the tech sector, companies are trimming headcount while investing aggressively in automation. Amazon, for instance, has reportedly cut around 30,000 corporate roles nearly 10 per cent of its white-collar workforce citing efficiency gains driven by AI. Data from Layoffs.fyi shows over 73,000 tech employees have already lost jobs this year, compared with 153,000 in all of 2024.
For Meta, the move echoes its earlier “year of efficiency” in 2022–23, when about 21,000 roles were eliminated amid slowing growth and market pressures. This time, however, the backdrop is different. The company is financially stronger, generating over $200 billion in revenue and $60 billion in profit last year, with shares up 3.68 per cent year-to-date though still below last summer’s peak.
That contrast underlines the shift underway. These layoffs are less about survival and more about reinvention. As Meta restructures itself around AI from autonomous coding agents to advanced machine learning systems, the question is no longer whether the company will change, but how many roles will be left unchanged when it does.
