Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1
2 years, 1 month ago

Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1

The Hindu  

Meta, in a blog post, on Wednesday shared that it will be firing 13% of its workforce around 11,000 employees. In a direct message to employees, Meta CEO Mark Zuckerberg said that staff reductions will be made across the company’s family of apps and Reality Labs. Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown era because more people stayed home and scrolled on their phones and computers. In a post titled ”Mark Zuckerberg’s message to Meta employees”, the company shared that the decision to downsize came due to a macroeconomic downturn, increased competition and ads signal loss. There’s also the challenge of Apple's privacy tools, which make it more difficult for social media platforms like Facebook, Instagram and Snap to track people without their consent and target ads to them.

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Meta CEO Zuckerberg dines with Trump after years of turbulent ties with US president-elect
3 weeks, 5 days ago

Meta CEO Zuckerberg dines with Trump after years of turbulent ties with US president-elect

New Indian Express  

FORT LAUDERDAL: Donald Trump dined on Wednesday with Meta CEO Mark Zuckerberg at the president-elect's Mar-a-Lago club in Florida, bringing together the Facebook founder and the former president who was once banned from that social network. Stephen Miller, who has been appointed deputy chief of staff for Trump's second term, said Zuckerberg, like other business leaders, wants to support Trump's …

Meta Reports Strong Q3 Results with Record Revenue and Net Income
1 month, 3 weeks ago

Meta Reports Strong Q3 Results with Record Revenue and Net Income

China Daily  

Meta Platforms reports strong financial results for the third quarter, with revenue and net income increasing year-on-year. The company's family daily active people (DAP) also increased, indicating strong user growth. Meta expects fourth quarter 2024 revenue to be in the range of $45 billion to $48 billion, with full-year 2024 expenses in the range of $96 billion to $98 billion. …

Why Mark Zuckerberg's style transformation worked.
1 month, 3 weeks ago

Why Mark Zuckerberg's style transformation worked.

Slate  

Mark Zuckerberg looks different. But if you’ve seen any images of Zuckerberg in the past year, you’ll know it’s not anomalous: At a funky-fresh 40 years young, the former boy-wonder has embraced a style transformation and vibe makeover. A digitally rendered avatar of Zuckerberg appeared in Meta’s new world, donning a buzz cut and long-sleeved henley t-shirt—a look that could …

Meta CEO Mark Zuckerberg believes having hobbies and free time makes going back to work easier
4 months, 2 weeks ago

Meta CEO Mark Zuckerberg believes having hobbies and free time makes going back to work easier

India Today  

We're seeing a new side of Mark Zuckerberg, or we can call it Zuckerberg 2.0. In a recent interview with Bloomberg, Zuckerberg revealed that lately, he's been enjoying a lot of activities in his free time, including farming cattle, practising jiu-jitsu, and wakesurfing. While Zuckerberg is sharing a sneak peek into his rich billionaire life and navigating a personal transformation, …

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
4 months, 3 weeks ago

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter

The Hindu  

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signalling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments. "Any apprehensions investors may have had about Meta's spending on AI and the metaverse are likely to be allayed by this quarter's …

Meta shares surge after tech giant reports $13.5bn profit
4 months, 3 weeks ago

Meta shares surge after tech giant reports $13.5bn profit

Al Jazeera  

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end. “We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” Meta founder and CEO Mark Zuckerberg said. “We’ve released the first frontier-level …

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours
4 months, 3 weeks ago

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

Associated Press  

SAN FRANCISCO — Investments in artificial intelligence will account for a significant increase in Facebook parent company Meta’s expenses in the coming year, but stronger-than-expected revenue from its advertising business was enough to reassure investors that its business is on the right track. “And unlike Google, which is grappling with making changes that will impact its core ad business, most …

Elon Musk says Mark Zuckerberg's Meta is being 'super greedy' because…
7 months, 1 week ago

Elon Musk says Mark Zuckerberg's Meta is being 'super greedy' because…

Hindustan Times  

Tesla and SpaceX CEO Elon Musk openly criticised Mark Zuckerberg's Meta, formerly known as Facebook, for being excessively “greedy”. Meta CEO Mark Zuckerberg, left, and Tesla and SpaceX CEO Elon Musk are seen. Another follower of Elon Musk also said that Meta would eventually need to revise its attribution model to provide advertisers with more accurate data. This comes amid …

Want to work at Meta? Average salary package in Mark Zuckerberg's company is…
7 months, 3 weeks ago

Want to work at Meta? Average salary package in Mark Zuckerberg's company is…

Hindustan Times  

Big companies often get highlighted for the huge compensations that they offer and the perks one gets while working for them. Meta's CEO Mark Zuckerberg testifies during the Senate Judiciary Committee hearing at the US Capitol, in Washington, US. CEO Mark Zuckerberg said earlier this year that working at Meta is not easy even if it offers such lucrative packages. …

Meta CEO Mark Zuckerberg tells investors to stay patient: ‘More ambitious on AI’
7 months, 4 weeks ago

Meta CEO Mark Zuckerberg tells investors to stay patient: ‘More ambitious on AI’

Hindustan Times  

Mark Zuckerberg asked investors to stay patient after Meta revealed that it will spend billions of dollars more than expected this year owing to investments in artificial intelligence. Meta CEO Mark Zuckerberg delivers a speech, as the letters AI for artificial intelligence appear on screen. “Smart investors see that the product is scaling and that there is a clear monetizable …

Mark Zuckerberg loses USD 3 billion after Meta outage: Shocking details here
9 months, 2 weeks ago

Mark Zuckerberg loses USD 3 billion after Meta outage: Shocking details here

India TV News  

Mark Zuckerberg, the CEO of Meta experienced a substantial loss of around USD 3 billion in a single day after the global outage surfaced and affected the company's flagship platforms- Facebook and Instagram. The outage resulted in a 1.6 per cent decrease in Meta’s share, contributing to the breakage of Mark Zuckerberg's net worth. Global outage impact on Meta Users …

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 …

Meta adds $214 billion amid job cuts and dividend pay off
10 months, 3 weeks ago

Meta adds $214 billion amid job cuts and dividend pay off

Hindustan Times  

Meta added over $214 billion in stock market value on Friday, with shares on track for their third biggest percentage jump since its 2012 Wall Street debut after the Facebook parent's first dividend declaration and robust results. A Meta logo is seen Days ahead of Facebook's 20th anniversary, Meta authorized an additional $50 billion in share repurchases and said its …

Meta’s Sheryl Sandberg to exit board after 12 years
11 months ago

Meta’s Sheryl Sandberg to exit board after 12 years

The Hindu  

Meta’s former chief operating officer, Sheryl Sandberg, announced that she is leaving the company’s board after more than a decade. One of the most influential women in Silicon Valley, Sandberg, 54, will depart the board as the tech juggernaut behind Facebook, WhatsApp and Instagram faces increased regulatory scrutiny. “With a heart filled with gratitude and a mind filled with memories, …

Meta CEO Mark Zuckerberg was warned that Instagram and Facebook could go extinct, here is why
1 year ago

Meta CEO Mark Zuckerberg was warned that Instagram and Facebook could go extinct, here is why

India Today  

ChatGPT launched in November 2022 and took the world by surprise. And now, reports say that the situation was similar at Meta too, as the company's top AI scientist had warned CEO Mark Zuckerberg about the "possible extinction" of Facebook and Instagram if they didn't catch up with ChatGPT. According to a report by The New York Times, Yann LeCun, …

Meta CEO Mark Zuckerberg repeatedly shut down calls from execs to improve teen safety on Facebook and Instagram and to shut down 'beauty filters,' court documents claim
1 year, 1 month ago

Meta CEO Mark Zuckerberg repeatedly shut down calls from execs to improve teen safety on Facebook and Instagram and to shut down 'beauty filters,' court documents claim

Daily Mail  

META CEO Mark Zuckerberg personally shut down calls to improve teen wellbeing on Facebook and Instagram, bombshell court documents claim. Meta CEO Mark Zuckerberg allegedly blocked calls to improve teen well-being on the app The lawsuit filed last month in Massachusetts state court alleges that Meta - and Zuckerberg - have 'relentlessly prioritized targeting these young users and has tailored …

‘Meta’s Deception’ about Instagram’s harmful qualities alleged in Massachusetts suit
1 year, 1 month ago

‘Meta’s Deception’ about Instagram’s harmful qualities alleged in Massachusetts suit

Live Mint  

Meta Platforms Chief Executive Mark Zuckerberg repeatedly dismissed warnings from senior company officials that its flagship social-media platforms were harming young users, according to unsealed allegations in a lawsuit filed by Massachusetts. “The complaint is filled with selective quotes from hand-picked documents that do not provide the full context of how the company operates or what decisions were made.” The …

Elon Musk takes a jab at Mark Zuckerberg: Says Instagram ’pretty much’ OnlyFans
1 year, 1 month ago

Elon Musk takes a jab at Mark Zuckerberg: Says Instagram ’pretty much’ OnlyFans

Live Mint  

Elon Musk has taken another swipe at Mark Zuckerberg's Instagram. Long time back-and-forth X owner Musk's beef with Zuckerberg's social media sites is well documented but especially came to a head when the latter announced a new site ‘Threads’ as a counter to Twitter for users looking to skip paid services and chasing the ‘old Twitter’ vibes. The app garnered …

Meta reports “good” quarter after revenue growth, launch of Threads and AI products
1 year, 1 month ago

Meta reports “good” quarter after revenue growth, launch of Threads and AI products

The Hindu  

Meta CEO Mark Zuckerberg noted a “good quarter” for the company’s community and business as the social media giant reported revenue growth of 23% year-over-year to reach $34.15 billion. Zuckerberg earlier announced that 2023 would be Meta’s year of “efficiency” and the company proceeded to lay off hundreds of workers across its tech and business divisions. “I’m proud of the …

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue
1 year, 1 month ago

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue

Associated Press  

Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. “With its sustained upward trajectory, robust user engagement, and strategic cost optimizations, Meta is not only navigating choppy waters but also setting the course for uncharted territories of growth.” Meta, …

Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 4 months ago

Meta posts higher profit, revenue for Q2 as advertising rebounds

The Hindu  

Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …

Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds
1 year, 4 months ago

Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds

Associated Press  

Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. Analysts, on average, were expecting earnings of $2.91 per share on revenue of $31.08 billion, according to a poll by FactSet Research. Squeezed by a slump in online advertising and uncertainty around the global economy, …

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 …

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 …

Facebook owner Meta starts final round of layoffs
1 year, 7 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, 7 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 …

The “remarkable shift” in Mark Zuckerberg’s leadership of Meta.
54 years, 11 months ago

The “remarkable shift” in Mark Zuckerberg’s leadership of Meta.

Slate  

In March, Meta CEO Mark Zuckerberg held a town hall meeting where employees could ask him about the future of the company. On Sunday’s episode of What Next: TBD, I spoke with Nix about Meta’s growing pains—and whether the company will be able to regain its footing amid layoffs, competition from TikTok, and a somewhat baffling bet on the Metaverse. …

Facebook owner Meta touts AI might as digital ads boost outlook, shares
1 year, 7 months ago

Facebook owner Meta touts AI might as digital ads boost outlook, shares

The Hindu  

Meta Platforms Inc. CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. "I think similar to Alphabet, a lot of Meta's AI investments have gone into the advertiser side," said James Cordwell, analyst at Atlantic Equities. …

Facebook parent Meta posts solid 1Q results, stock soars
1 year, 7 months ago

Facebook parent Meta posts solid 1Q results, stock soars

Associated Press  

Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.” Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per …

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump
1 year, 7 months ago

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump

The Telegraph  

Shares in Facebook’s parent company Meta soared last night as it broke a losing streak to post its first rise in sales in a year. However, profits fell by 24pc and the company revealed a big drop in sales at its virtual reality division, showing that Mark Zuckerberg’s expensive bet on the metaverse is stuttering. The company’s overall revenue rise, …

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’
1 year, 8 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 …

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 …

In another round of cuts, Facebook parent Meta sacks tech teams
1 year, 8 months ago

In another round of cuts, Facebook parent Meta sacks tech teams

Al Jazeera  

Wednesday cuts have prompted expressions of frustration from employees who say it has ‘shattered’ morale. Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency”. Meta, in March, became …

Meta employees are furious as Mark Zuckerberg calls them to office, cuts free food service
1 year, 8 months ago

Meta employees are furious as Mark Zuckerberg calls them to office, cuts free food service

India Today  

Tech companies are trying different ways to cut costs and make the organization efficient than ever before. Meta, formerly known as Facebook, is reportedly cutting several office perks including limiting free food and snacks at the cafeteria. According to a report coming from The New York Times, many Meta employees have expressed dissatisfaction with the decline in cafeteria options, including …

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 …

Facebook parent Meta plans 10,000 job cuts in new round of layoffs
1 year, 9 months ago

Facebook parent Meta plans 10,000 job cuts in new round of layoffs

Live Mint  

Meta Platforms Inc. said it would cut roughly 10,000 jobs over the coming months, the Facebook parent’s second wave of mass layoffs in what it says is an effort to be more efficient in a difficult economy. Meta Chief Executive Mark Zuckerberg said in an email to staff on Tuesday that the company would in the coming months conduct multiple …

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 …

Facebook parent Meta slashes another 10,000 jobs
1 year, 9 months ago

Facebook parent Meta slashes another 10,000 jobs

Deccan Chronicle  

New York: Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs. The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “It will mean …

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, …

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