Latest layoffs at Meta driven by financial targets, not ’flattening’
1 year, 9 months ago

Latest layoffs at Meta driven by financial targets, not ’flattening’

Live Mint  

In a fresh round of layoffs, Meta Platforms Inc is planning to layoff thousands as soon as this week, Bloomberg News reported on Monday. The new round of job cuts is being driven by financial targets and is separate from the "flattening," the report said, citing people familiar with the matter. Although Meta declined to comment at that time, spokesperson Andy Stone tweeted several of CEO Mark Zuckerberg's previous statements indicating that more layoffs were likely in the future. Meta made headlines last year for conducting one of the largest layoffs of the year, cutting over 11,000 jobs.

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History of this topic

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
1 week, 2 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More
5 months, 3 weeks ago

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More

ABP News  

Major Layoffs In June: Layoffs have become increasingly prevalent across various sectors as companies are grappling with economic uncertainties, shifting consumer demands, and operational challenges exacerbated by the ongoing global situation. In June 2024, widespread layoffs impacted thousands of employees worldwide, spanning from tech giants like Google and Meta to companies across various other sectors. Google Layoffs Alphabet, Google's parent …

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams
6 months, 2 weeks ago

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams

News 18  

The tech layoffs continue in 2024 with Google and Microsoft cutting up to 1,000 jobs from different divisions of their teams. According to latest reports, the Google Cloud business has handed over the pink slips to around 100 employees, while Microsoft has gone deeper into its decision by asking around 1,000 employees to exit the company. Google has already conducted …

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’
7 months, 1 week ago

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’

Hindustan Times  

Careers site Indeed is laying off about 1,000 employees- 8% of its workforce- it said, with the aim to simplify its organization. The company's CEO Chris Hyams took responsibility for the job cuts and said that the firm is still not set up for growth after last year's global slowdown in hiring resulted in declining sales. Indeed layoffs: The latest …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
8 months, 3 weeks ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening
10 months ago

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening

India Today  

In a recent interview with Morning Brew Daily's podcast, Meta's CEO Mark Zuckerberg delved into the ongoing wave of tech layoffs, shedding light on why this trend shows no signs of ending anytime soon. Zuckerberg attributed the persistent layoffs to a paradigm shift among companies towards leaner operations and continued adjustments to the post-pandemic landscape. Highlighting the evolving mindset within …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
10 months, 3 weeks ago

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more

Hindustan Times  

2024 has already proven to be a difficult year for layoffs. Here's some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer's headquarters and distribution centers. Levi's layoffs Levi Strauss & Co. is slashing its global corporate workforce by 10% to 15% in the first …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
10 months, 4 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

Google Lays Off Dozens Of Employees In News Division: Report
1 year, 2 months ago

Google Lays Off Dozens Of Employees In News Division: Report

ABP News  

Google is in the spotlight once again as it trims its workforce, this time within its news division, following a significant round of layoffs earlier this year. Google, a tech giant deeply ingrained in news curation and distribution, is renowned for its Google News platform, which provides readers with top-ranking news articles tailored to their interests and geographic locations. This …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Meta and Google among top paying companies in 2022 despite firing thousands of employees
1 year, 6 months ago

Meta and Google among top paying companies in 2022 despite firing thousands of employees

India Today  

Facebook’s parent company Meta and Google’s parent company Alphabet have collectively laid off thousands of employees till now. However, despite the mass layoffs, the companies were amongst the top three paying companies last year, a new report states. Meta and Alphabet amongst top payers According to a Business Insider report originally attributed to The Wall Street Journal, Meta and Google …

Staff at Meta, Etsy and more get bumper pay rises in 2022 despite cost of living crisis and layoffs
1 year, 6 months ago

Staff at Meta, Etsy and more get bumper pay rises in 2022 despite cost of living crisis and layoffs

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

Meta India's legal director, marketing director and other top executives asked to leave
1 year, 6 months ago

Meta India's legal director, marketing director and other top executives asked to leave

India Today  

Meta, the parent company of Facebook, has recently carried out its third round of layoffs, which impacted close to 6,000 employees worldwide. Some of the top executives in India including Avinash Pant, the director of marketing for India, Saket Jha Saurabh, the director of media partnerships, and Amrita Mukherjee, the director of legal at Meta India were reportedly asked to …

Meta starts firing people in latest round of layoffs, 5000 people terminated, Indian employees let go too
1 year, 6 months ago

Meta starts firing people in latest round of layoffs, 5000 people terminated, Indian employees let go too

Firstpost  

Meta has reportedly started another round phase of layoffs According to insider sources and reports on LinkedIn. Also read: Tech Layoffs: Meta to layoff 6,000 more workers next week, dark times for platform continues More people to be laid off While the exact number of job cuts remains undisclosed, Reports from last week suggest that Meta is planning to lay …

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs
1 year, 6 months ago

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs

ABP News  

Owner of Facebook, Meta Platforms Inc, cut jobs across its business and operations units on Wednesday, reported by news agency Reuters. Earlier this year, Meta became the first Big Tech firm to announce a second round of mass layoffs, after showing more than 11,000 employees the door in the fall. Mark Zuckerberg, CEO, Meta Inc, in March had said the …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

The Hindu  

Meta Platforms Inc. carried out the last batch of a three-part round of layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Meta Layoff confirmed: Around 6,000 people to lose their job
1 year, 6 months ago

Meta Layoff confirmed: Around 6,000 people to lose their job

India TV News  

Meta carried out a recent wave of layoffs, which was expected to affect approximately 6,000 employees worldwide. In March, Meta Founder and CEO Mark Zuckerberg announced that the company would undergo two rounds of layoffs, scheduled for late April and late May, resulting in a total reduction of 10,000 jobs. Via Facebook post, Zuckerberg said overall, "we expect to reduce …

Meta layoffs hits India as top executives were asked to leave
1 year, 6 months ago

Meta layoffs hits India as top executives were asked to leave

India TV News  

Several employees in India, including senior executives, were affected by Meta's third round of job cuts, which impacted a total of 6,000 employees worldwide. Meta recently conducted a fresh round of job cuts that impacted employees across various levels globally, including teams in India. It is worth noting that previous rounds of layoffs at Meta also affected teams in India …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

Hindustan Times  

Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

Live Mint  

Meta Platforms Inc on Wednesday started a fresh round of layoffs, as part of its plan to cut 10,000 jobs across all its platforms- WhatsApp, Instagram, and Facebook. In March, Mark Zuckerberg, the Chief Executive of Meta, stated that the majority of the company's layoffs in the second round would occur in three distinct phases spanning several months, with the …

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week
1 year, 7 months ago

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week

ABP News  

Facebook parent Meta isn't done with job cuts and it is likely to fire 6,000 more employees next week, media reports say. According to Nick Clegg, the firm's President of Global Affairs, the third wave of job cuts at Meta will happen next week, says a report by Vox. Earlier in March, Meta CEO Mark Zuckerberg announced that the company …

Microsoft, Meta beat Street estimates; what should you do?
1 year, 7 months ago

Microsoft, Meta beat Street estimates; what should you do?

Live Mint  

The March quarter numbers of Microsoft Corporation and Meta Platforms Inc. must have given a big relief to investors in these gloomy economic times. Meta reported revenue of $28.6 billion, up 3 per cent against the previous year while Microsoft's revenue for the January-March quarter rose 7 per cent year-on-year. "The unexpectedly good results of Microsoft and Meta might give …

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’
1 year, 7 months ago

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’

Hindustan Times  

A now-former Meta employee who get laid off in the company's second round of layoffs, which it announced last month, has said he has been through an ‘emotional rollercoaster’ since being notified he was being let go. Meta has laid off more than 20,000 workers across two recent layoff drives Chris Bowler, who joined Meta Platforms in August 2021, took …

Meta layoff: Most staffers who combat misinformation lost their jobs
1 year, 8 months ago

Meta layoff: Most staffers who combat misinformation lost their jobs

India TV News  

Meta has almost wiped out its team dedicated to combating misinformation, as part of the latest round of mass layoffs which began earlier this week. Meta kicked off a fresh round of layoffs this week, handing over pink slips to employees with technical backgrounds globally. In March, Meta CEO Mark Zuckerberg announced that the company would cut 10,000 jobs in …

Tech Layoffs: Meta starts laying people off again, this time from core engineering teams
1 year, 8 months ago

Tech Layoffs: Meta starts laying people off again, this time from core engineering teams

Firstpost  

Meta Platforms Inc, the owner of Facebook, Instagram and WhatsApp has laid off another batch of workers on Wednesday, this time affecting some core engineering and adjacent tech teams, as CEO Mark Zuckerberg continued to simplify the firm in an effort to make 2023 a “year of efficiency." Meta was the first Big Tech business to announce a second round …

Meta begins next round of firings; cuts technical team employees
1 year, 8 months ago

Meta begins next round of firings; cuts technical team employees

The Hindu  

Meta began its latest round of layoffs as it restructures to make 2023 a “year of efficiency,” in the words of its chief. In a blog post published on March 14, CEO Mark Zuckerberg had said that more job cuts would take place in 2023, specifically in late April and late May. The cuts in late April would affect technical …

Meta prepares for next round of layoffs, report says
1 year, 8 months ago

Meta prepares for next round of layoffs, report says

The Hindu  

Facebook-parent Meta is preparing to lay off more workers in an upcoming round of cuts, according to a report by Vox, citing an internal company memo. The layoffs may begin as soon as Wednesday, and are expected to be wide-ranging, affecting employees working on Facebook, Instagram, Reality Labs, and WhatsApp. The social media company fired over 10,000 employees last year …

Facebook-Parent Meta To Lay Off 10,000 Employees: Report
1 year, 8 months ago

Facebook-Parent Meta To Lay Off 10,000 Employees: Report

ABP News  

Meta Platforms, the parent company of social media giants such as Facebook and Instagram, is gearing up for another round of companywide layoffs as it works to achieve greater efficiency. The company has announced plans to cut 10,000 positions across its various brands, including Facebook, WhatsApp, Instagram, and Reality Labs, the arm of the company responsible for virtual reality efforts …

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report
1 year, 8 months ago

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report

Hindustan Times  

Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency. The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News. It indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual …

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs
1 year, 8 months ago

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs

India TV News  

Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency. In the fresh round of layoffs, around 4,000 high-skilled employees could be impacted, beginning Wednesday. In an internal memo seen by The Washington Post, Meta said that "the company …

More Layoffs On The Cards In Google? CEO Sundar Pichai Hints At Another Round Of Job Cuts: Report
1 year, 8 months ago

More Layoffs On The Cards In Google? CEO Sundar Pichai Hints At Another Round Of Job Cuts: Report

ABP News  

US tech major Google is planning more layoffs as its CEO Sundar Pichai has spoken out about the possibility of a second round of job cut in the company. The year 2023 has already seen a significant number of layoffs as global tech giants, including Google, Amazon, Microsoft, and others have terminated employees to cut cost. A few months ago, …

Is Google planning another round of layoffs? Here’s what CEO Sundar Pichai said
1 year, 8 months ago

Is Google planning another round of layoffs? Here’s what CEO Sundar Pichai said

India TV News  

Google layoff news: Sundar Pichai, CEO of Google, has spoken out about the likelihood of a second round of layoffs for the tech giant. Pichai told the Wall Street Journal that the business is “very, very focused” on its existing potential and that there is “a lot of work left.” He also stated that they are prioritising their most critical …

Apple to lay off small number of employees
1 year, 8 months ago

Apple to lay off small number of employees

The Hindu  

iPhone and MacBook maker Apple is laying off a small number of employees, according to a report by Bloomberg News. The affected department includes the company’s corporate retail teams, according to sources who did not wish to be named. While Big Tech companies such as Meta, Microsoft, Amazon, and Google have fired thousands of employees - sometimes across multiple rounds …

Meta starts cutting jobs, fires over 1,500 employees in HR and other departments
1 year, 9 months ago

Meta starts cutting jobs, fires over 1,500 employees in HR and other departments

India Today  

Meta has just announced the layoff of 10,000 employees and it has now begun the process. The same source also reported that Meta could take a few more years to finish restructuring the company, which means that more employees could get removed in the coming time. Now in an email sent to employees, Meta’s CEO Mark Zuckerberg has stated that …

A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 9 months ago

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Associated Press  

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups …

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says
1 year, 9 months ago

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Zuckerberg said the layoffs were part of a “restructuring” and Meta’s “year of efficiency”. “It will …

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?
1 year, 9 months ago

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?

Hindustan Times  

Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months. As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Chief Executive Officer Mark Zuckerberg said in a statement on Tuesday. But Zuckerberg …

Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Meta to lay off 10,000 employees in second round of job cuts

Firstpost  

California: Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. “We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” Chief Executive …

Facebook parent Meta to cut 10,000 jobs: Report
1 year, 9 months ago

Facebook parent Meta to cut 10,000 jobs: Report

Hindustan Times  

Mark Zuckerberg's Meta has decided to undertake another mass-layoffs downsizing its workforce by 10,000 employees. Meta In an email to employees on Tuesday, Meta CEO Zuckerberg stated that the company will conduct multiple rounds of job cuts in the coming months, as well as cancel some projects and reduce hiring rates, a report from The Wall Street Journal said. Notably, …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Meta to cut 10,000 jobs, 5,000 open roles in efficiency push
1 year, 9 months ago

Meta to cut 10,000 jobs, 5,000 open roles in efficiency push

LA Times  

Meta Platforms Chief Executive Mark Zuckerberg has been calling 2023 the “year of efficiency.” The latest round of job cuts follows layoffs in November, which reduced the company’s workforce by 11,000 people, or 13% of its staff. Meta Platforms plans to lay off about 10,000 employees and close about 5,000 open roles in its second major round of job cuts …

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo
1 year, 9 months ago

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo

India Today  

Meta CEO Mark Zuckerberg announced second round of layoffs on Tuesday. Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing …

Google and Meta over-hired and laid off employees had no work to do, says C3.ai CEO
1 year, 9 months ago

Google and Meta over-hired and laid off employees had no work to do, says C3.ai CEO

India Today  

The tech industry is coming to terms with major upheavals in the job market that have taken place in the last couple of months. Tech giants like Meta, Google, Amazon, Microsoft, and Twitter, among others, announced mass layoffs in the last few months and yet another round of layoffs is expected at Meta soon. Amidst all that is going on, …

Meta to fire 11,000 more employees in upcoming days, these jobs are at risk
1 year, 9 months ago

Meta to fire 11,000 more employees in upcoming days, these jobs are at risk

India Today  

At the start of this year, big tech giants like Google and Microsoft announced layoffs and fired thousands of employees across the globe. Reports suggest that Meta is again planning a fresh round of layoffs and is expected to sack as many employees as it fired in the first round, which is around 11,000 employees. Well, after announcing the layoffs …

Facebook owner Meta to cut 10,000 jobs in second round of layoffs
1 year, 9 months ago

Facebook owner Meta to cut 10,000 jobs in second round of layoffs

Al Jazeera  

Meta is slashing jobs in a bid to recover from losses and invest in the ‘metaverse’. Meta Platforms has announced it will slash a further 10,000 jobs in a second round of mass layoffs as the Big Tech industry braces for a deep economic downturn. Worries of an economic downturn due to rising interest rates have sparked a series of …

Facebook-parent Meta plans to lay off another 10,000 employees
1 year, 9 months ago

Facebook-parent Meta plans to lay off another 10,000 employees

CNN  

CNN — Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. In a Facebook post Tuesday, CEO Mark Zuckerberg said the job cuts will take place “over the next couple of months.” “We expect to announce restructurings and layoffs in our tech groups in …

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
1 year, 9 months ago

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks

CNN  

New York CNN — “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for Meta employees after he announced the once-impervious social media company will cut another 10,000 jobs in the months ahead. “At this point, I think we should prepare ourselves for the possibility that this new economic reality will …

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'
1 year, 9 months ago

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

NPR  

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency' Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Facebook's parent company Meta is laying off another 10,000 workers, or roughly 12% of its workforce, in order to cut costs and shore up efficiency, CEO Mark Zuckerberg announced Tuesday. The world economy changed, competitive pressures grew, and our growth …

Facebook-parent Meta plans new job cuts that could match last year’s tally
1 year, 9 months ago

Facebook-parent Meta plans new job cuts that could match last year’s tally

The Hindu  

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months ago and would be the first Big Tech company to …

Facebook parent Meta plans new layoffs: Report
1 year, 9 months ago

Facebook parent Meta plans new layoffs: Report

Deccan Chronicle  

Washington : Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal. Among projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta's hardware and metaverse division, the people said, suggesting a near-term …

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