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    Calif. production company moves to NY to anchor new hub for nano industries

    By SHOOTUpdated:No Comments1178 Views
    SYRACUSE, NY (AP) --

    A California-based film and television company is moving its operations to a suburban Syracuse complex that will specialize in providing advanced visual production research.

    Onondaga County Executive Joanie Mahoney and Gov. Andrew Cuomo announced the plan Tuesday night during Mahoney’s state of the county address in Syracuse.

    Los Angeles-based Film House will be the first tenant at the DeWitt complex that will be led by the State University of New York’s College of Nanoscale Science and Engineering. Cuomo says the new hub will focus on using nanotechnology in film and TV production.

    The governor says the company will move its headquarters, production and other operations to DeWitt. The project is expected to create 350 new high-tech jobs and 150 construction jobs.

    Construction is set to start by April 1, with completion scheduled by October.  




    Bloomberg reports that Meta will lay off 5% of staff

    Wednesday, January 15, 2025
    The Meta logo is seen at the Vivatech show in Paris, France, June 14, 2023. (AP Photo/Thibault Camus, File)

    News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.

    Bloomberg News reported that Meta CEO Mark Zuckerberg made the announcement in an internal note to employees, saying he wants to "raise the bar on performance management and move out low-performers faster."

    Meta employs about 72,000 people, according to recent filings, so cutting 5% of staff would amount to 3,600 people, Bloomberg said Tuesday. The Menlo Park, California-based company owns Facebook, Instagram, WhatsApp and Threads.

    The company declined to comment Wednesday but said that Bloomberg's reporting was accurate.

    Workers in the U.S. who will be affected will be notified on Feb. 10, while those in other countries will be informed later, Bloomberg said.

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