Is Mark Zuckerberg standing down as Meta CEO?
2 years, 1 month ago

Is Mark Zuckerberg standing down as Meta CEO?

Hindustan Times  

Meta has denied a report that said Mark Zuckerberg is standing down as its chief executive. On Tuesday, a report said that Mark Zuckerberg would be stepping down from his role as the head of the company next year. Mark Zuckerberg has faced widespread criticism in recent weeks after Meta fired large numbers of its staff. Mark Zuckerberg has been continuing the company’s investment into the metaverse, despite questions over whether Meta’s work on virtual reality would pay off.

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Meta CEO Zuckerberg dines with Trump after years of turbulent ties with US president-elect
3 weeks, 6 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 …

Mark Zuckerberg Is Cozying Up to the Right. The Reason Why Is Gross.
1 month, 3 weeks ago

Mark Zuckerberg Is Cozying Up to the Right. The Reason Why Is Gross.

Slate  

Just in case you ever believed that Mark Zuckerberg came to understand the gravity of his role as the head of a Big Tech megaconglomerate whose apps serve as essential communication infrastructure for almost half of the world, he’s now doing everything he can to disabuse you of that generous notion. It’s also something about the way he and his …

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, …

Meta’s Sheryl Sandberg to exit board after 12 years
11 months, 1 week 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’s Sheryl Sandberg to exit board after 12 years
11 months, 1 week ago

Meta’s Sheryl Sandberg to exit board after 12 years

Live Mint  

Meta Platforms' former chief operating officer Sheryl Sandberg plans to step down from her position on the company's board of directors after her term ends in May, she said in a Facebook post on Wednesday. "Meta business is strong and well-positioned for the future, so this feels like the right time to step away," Sandberg said in the post, adding …

Sheryl Sandberg Is Leaving Meta’s Board Of Directors
11 months, 1 week ago

Sheryl Sandberg Is Leaving Meta’s Board Of Directors

Huff Post  

LOADING ERROR LOADING Sheryl Sandberg, formerly Meta’s chief operating officer, announced Wednesday that she’ll be stepping down from the company’s board of directors in May. When she steps down from Meta’s board in May, Sandberg will become an advisor to the company, she said in a Facebook post Wednesday. “Serving as Facebook’s — and then Meta’s — COO for 14 …

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 …

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs
1 year, 7 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, 7 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 CEO Mark Zuckerberg's net worth surges over $10 billion after strong results, 2 layoff rounds
1 year, 7 months ago

Meta CEO Mark Zuckerberg's net worth surges over $10 billion after strong results, 2 layoff rounds

India TV News  

Meta founder and CEO Mark Zuckerberg's net worth surged by $10.2 billion after the company posted strong quarterly results, leading to its shares rising by nearly 14 per cent, as the company announced two rounds of layoffs impacting 21,000 employees in recent months. Meta posted revenue of $28.65 billion, an increase of 3 per cent year-over-year and beating Wall Street …

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 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 …

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 …

‘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 …

Meta plans to sack 1,000 more employees this week: Report
1 year, 9 months ago

Meta plans to sack 1,000 more employees this week: Report

Live Mint  

Meta Platforms Inc is planning to cut thousands more jobs as soon as this week in its fresh round of layoffs, Bloomberg News reported on Monday, citing people familiar with the matter. The company has also been working to flatten its organization, giving buyout packages to managers and cutting whole teams it deems nonessential, Bloomberg News reported in February, a …

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report
1 year, 10 months ago

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report

ABP News  

Meta Platforms Inc, the parent firm of Facebook, is planning another fresh round of job cuts in bid to reorganise and downsize. Meta last year said it will let go of 13 per cent of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market. According to the Reuters’ report, Meta plans …

Meta Chief Business Officer Marne Levine Set To Leave The Company: Report
1 year, 10 months ago

Meta Chief Business Officer Marne Levine Set To Leave The Company: Report

ABP News  

Meta's Chief Business Officer Marne Levine is leaving the social networking giant and parent company of Facebook after a 13-year stint, the media has reported. Levine was appointed as Meta's first chief business officer in 2021 and has served in various other executive positions at the company, including the chief operating officer of Instagram, says a report by news agency …

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles
1 year, 10 months ago

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles

Live Mint  

Is Facebook and Instagram owned Meta planning another round of layoffs? Its founder and CEO Mark Zuckerberg's recent comments on managers has raised eyebrows and apprehensions of phase 2 of pink slips coming soon. After laying off 11,000 employees from his company Zuckerberg still thinks many layers of management are a waste of resource and the managers who build big …

Meta CEO Mark Zuckerberg Puts Middle Managers On Notice: Report
1 year, 10 months ago

Meta CEO Mark Zuckerberg Puts Middle Managers On Notice: Report

ABP News  

After sacking 11,000 employees in November last year, Meta Founder and CEO Mark Zuckerberg has now reportedly put middle managers at the company on notice. According to the newsletter Command Line by The Verge's Alex Heath, Zuckerberg warned managers at a recent all-hands meeting. "I don't think you want a management structure that's just managers managing managers, managing managers, managing …

CEO Mark Zuckerberg puts managers on notice, more Facebook layoffs likely
1 year, 10 months ago

CEO Mark Zuckerberg puts managers on notice, more Facebook layoffs likely

India Today  

Right after Elon Musk fired thousands of Twitter employees, Meta CEO Mark Zuckerberg laid off 11,000 employees. "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," Zuckerberg told managers during the meeting. In addition to Zuckerberg, Meta Chief product officer Chris Cox has also …

Zuckerberg's Meta gearing up for more layoffs? This report suggests so
1 year, 10 months ago

Zuckerberg's Meta gearing up for more layoffs? This report suggests so

Hindustan Times  

Meta CEO Mark Zuckerberg has reportedly announced that he is not in favour of “managers managing managers, managing managers, managing managers, managing the people who are doing the work”. According to the weekly newsletter Command Line from The Verge’s Alex Heath, Zuckerberg hinted at more layoffs in middle management during an internal Q&A meeting last week. Earlier in January, the …

Meta CEO Mark Zuckerberg testifies in FTC case to block virtual-reality deal
2 years ago

Meta CEO Mark Zuckerberg testifies in FTC case to block virtual-reality deal

Live Mint  

Facebook parent Meta Platforms Inc. CEO Mark Zuckerberg took the witness stand Tuesday in a case in which the Federal Trade Commission is seeking to prevent the social-media company from acquiring a virtual-reality startup. The FTC is seeking an injunction blocking Meta’s planned acquisition of Within Unlimited Inc., the company behind the popular virtual-reality fitness game “Supernatural." Mr. Zuckerberg said …

Meta staffer was laid off. Her six-year-old daughter said this...
2 years ago

Meta staffer was laid off. Her six-year-old daughter said this...

Hindustan Times  

Facebook parent company Meta has laid off 11,000 employees last month, impacting not only their lives but that of their families and causing pain, uncertainty and chaos for thousands. A report by Business Insider said she received an e-mail saying she too had been made part of cost-cutting measures at Mark Zuckerberg's company. She also said her daughter's response gave …

The Reason for Meta’s Massive Layoffs? Ghosts in the Machine
54 years, 11 months ago

The Reason for Meta’s Massive Layoffs? Ghosts in the Machine

Wired  

Remember Libra, Meta’s ambitious plan to enter the cryptocurrency market? Alongside projects like Shops, Meta’s ambitious plan to turn Instagram and Facebook into e-ommerce giants; its podcast plans; Facebook Portal and a Meta smartwatch to compete with the Apple Watch, they all failed. “Today’s news isn’t only a correction of the pandemic years,” says one former Meta employee with knowledge …

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 …

Mark Zuckerberg says 'sorry' as Meta fires 11,000 employees. Read full statement
2 years, 1 month ago

Mark Zuckerberg says 'sorry' as Meta fires 11,000 employees. Read full statement

Hindustan Times  

Meta Platforms Inc said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market, Reuters reported. Mark Zuckerberg issues ‘Sorry’ statement In his Facebook post, Mark Zuckerberg said that he is ‘sorry’ and …

Facebook-parent Meta likely to start mass layoffs today, CEO Mark Zuckerberg blames overhiring
2 years, 1 month ago

Facebook-parent Meta likely to start mass layoffs today, CEO Mark Zuckerberg blames overhiring

India Today  

The tech industry is going through turmoil right now. While the company hasn’t confirmed the number of employees it plans to fire, a report last week stated that Meta will ask thousands of employees to leave the company. According to The Washington Post, Meta's job cuts could be relatively smaller on a percentage basis than Twitter’s job cuts but the …

Facebook parent company Meta will lay off 11,000 employees
2 years, 1 month ago

Facebook parent company Meta will lay off 11,000 employees

CNN  

New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” CEO Mark Zuckerberg wrote in a blog post to employees. “I’ve decided to reduce the size of …

Meta layoffs to start soon, employees scared and anxiously wait for the 6am email
2 years, 1 month ago

Meta layoffs to start soon, employees scared and anxiously wait for the 6am email

India Today  

The tech world is still not over the harsh Twitter layoffs that happened last week, and another big tech company, Meta, is gearing up to begin the "biggest" layoffs this year. Aashima Ahuja, who currently works as the frontend content creator at Meta, says "there has been anxiety all over the internal communication channels." Brian Gomez, who works as Emerging …

Meta Facebook layoff firing mass lay off twitter elon musk q3 earnings mark zuckerberg
2 years, 1 month ago

Meta Facebook layoff firing mass lay off twitter elon musk q3 earnings mark zuckerberg

ABP News  

San Francisco: After mass layoffs at Twitter, it is another Big Tech company's turn as the Mark Zuckerberg-led Meta is reportedly set to lay off 'thousands' of employees this week. The company declined to comment, referring to Zuckerberg's recent statement that the company would "focus our investments on a small number of high priority growth areas." In June, Meta's chief …

Column: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power
2 years, 1 month ago

Column: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power

LA Times  

Meta CEO Mark Zuckerberg announces the new name for his company, formerly Facebook, in October 2021. Back in the prehistoric era — in 2012, when Facebook staged one of the most hyped initial public stock offerings of all time — I warned the company’s newly minted shareholders that they had become wedded to Mark Zuckerberg. The stock reached its all-time …

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing
2 years, 4 months ago

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing

India Today  

Meta is bracing for a tough quarter ahead. Recently, its CEO, Mark Zuckerberg, made it very clear that Meta has some, if not many workers, who probably don't belong at the company. As pointed out by The Verge, Zuckerberg, in an internal call with employees, even went ahead to cancel Meta Days -- extra vacation days for employees introduced during …

Mark Zuckerberg tells Meta execs to find staff ‘who shouldn’t be here’
2 years, 5 months ago

Mark Zuckerberg tells Meta execs to find staff ‘who shouldn’t be here’

The Telegraph  

Facebook’s parent company Meta is slashing hiring plans as Mark Zuckerberg warns of “one of the worst downturns in recent history”. The social media giant plans to hire as much as 40pc fewer engineers than it had earlier predicted, amid an economic downturn and as privacy changes hit its advertising business. Mr Zuckerberg’s comments echo those of fellow tech entrepreneur …

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