(Bloomberg) -- Meta Platforms Inc. is asking many of its managers and directors to transition to individual contributor jobs or leave the company as it tries to become more efficient, according to people familiar with the matter.Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CaseStocks Gain as Powell Refrains From Rally Pushback: Markets WrapDell to Cut About 6,650 Jobs, Battered by Plunging PC Sales
META vs. BL: Which Stock Is the Better Value Option?
(Reuters) -Meta Platforms Inc and blockchain nonprofit Dfinity Foundation have resolved Dfinity's trademark lawsuit against Meta over its infinity-symbol logo, according to a joint filing in San Francisco federal court. Meta and Dfinity asked the court Monday to dismiss the case with prejudice, which means it cannot be revived. A Meta spokesperson said Tuesday that the company was "pleased with the outcome of the case."