Bloomberg Apple Inc has hired a startup founder and former Facebook executive to run its information systems group after departures in that department. Timothy Campos will lead the Information Systems and Technology department, better known as IS&T, which handles the infrastructure behind Apple’s online services, customer support and website. Apple refers to the operation as its “nerve center” because ...

  Bloomberg Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history. The reductions, equal to about 13% of the workforce, were disclosed in a statement. The company will also extend its hiring freeze through the first quarter. “I want ...

  Bloomberg Italy’s pensions will rise by 7.3% from next year to keep up with rising inflation, Finance Minister Giancarlo Giorgetti said. The boost to retirement payments, which is automatic in contrast to wage hikes, will bring relief to households hit by soaring energy costs in the European Union’s third-biggest economy but may further complicate the European Central Bank’s efforts ...