Zuckerberg warns he will cut ‘low performers’ as he looks to fire up to 5 percent of Meta staff: Report
4 hours, 24 minutes ago

Zuckerberg warns he will cut ‘low performers’ as he looks to fire up to 5 percent of Meta staff: Report

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. Read our privacy policy Mark Zuckerberg, the co-founder of Facebook and CEO of its parent company Meta, told staff on Tuesday that it plans to cut its “low performers” sooner than expected, which could amount to five percent of staff, according to a new report. open image in gallery Meta announced that around five percent of its ‘lower performers’ would be cut sooner than expeced Meta is said to have already cut about the same number of of low performers during 2024, but has a target of 10 percent for its current “performance cycle”, which meant it was looking to “exit approximately another five percent of our current employees”. Zuckerberg said it was also stripping back its automated content moderation systems as it was removing too much content and this amounted to “censorship”, with the changes aiming to restore “free expression” on its platforms. In addition, the company has since said it would end its diversity, equality and inclusion programmes, and while appearing on Joe Rogan’s podcast, Zuckerberg said companies needed more “masculine energy”.

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History of this topic

Meta plans to layoff at least 5% of its staff based on performance in latest move to revamp company
7 hours, 57 minutes ago

Meta plans to layoff at least 5% of its staff based on performance in latest move to revamp company

Firstpost  

Meta’s restructuring announcement is part of a larger restructuring effort at Meta, which began last year under what Zuckerberg called the “Year of Efficiency." The company has been focusing on cutting costs, optimising teams, and improving profitability Meta’s recent policy changes have drawn criticism, especially around content moderation. Meta’s restructuring strategy This announcement is part of a larger restructuring effort …

Meta to lay off 3,600 employees in performance-based cuts
Top News
11 hours, 9 minutes ago

Meta to lay off 3,600 employees in performance-based cuts

Deccan Chronicle  

Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.The company, which owns Facebook, Instagram and WhatsApp, confirmed to AFP that CEO Mark Zuckerberg's decision will affect five percent of its workforce.Meta had approximately 72,400 employees as of September. "I've decided to raise …

Meta puts 5% jobs in the chopping block based on performance, around 3,600 cuts and rehires on cards, says report
12 hours, 28 minutes ago

Meta puts 5% jobs in the chopping block based on performance, around 3,600 cuts and rehires on cards, says report

Live Mint  

Facebook parent Meta Platforms is cutting around 5 per cent or 3,600 jobs based on performances and will hire for the roles, according to a Bloomberg citing an internal note to employees from CEO Mark Zuckerberg. The memo sent to all employees by Zuckerberg said, “I’ve decided to raise the bar on performance management and move out low-performers faster.” As …

Mark Zuckerberg announces to layoff 3600 employees due to low performance at Meta
16 hours, 11 minutes ago

Mark Zuckerberg announces to layoff 3600 employees due to low performance at Meta

India TV News  

Meta to layoff 5 per cent of Workforce in 2024: Meta Platforms Inc. plans to eliminate around 5 per cent of its workforce this year, which amounts to approximately 3,600 employees. Higher standards for performance management In the memo, Zuckerberg stated, “I’ve decided to raise the bar on performance management and move out low performers faster.” Meta’s new approach further …

Zuckerberg warns he will cut ‘low performers’ as he looks to fire up to 5 percent of Meta staff: Report
Top News
19 hours, 20 minutes ago

Zuckerberg warns he will cut ‘low performers’ as he looks to fire up to 5 percent of Meta staff: Report

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Mark Zuckerberg, the co-founder …

Advertisers’ concerned over Meta's ‘free speech’ overhaul, Zuckerberg's attempts to cosy up to Trump
2 days, 9 hours ago

Advertisers’ concerned over Meta's ‘free speech’ overhaul, Zuckerberg's attempts to cosy up to Trump

Firstpost  

By scrapping its fact-checking programme and relaxing hate speech rules, Meta risks losing the trust of brands, which generates a major chunk of its $135 billion annual revenue. Advertising executives have voiced apprehensions, with some calling the changes a “commercial conundrum.” Zuckerberg’s move coincides with a noticeable shift towards aligning Meta with Trump’s administration and Elon Musk’s ideology. Image Credit: …

Meta CEO Mark Zuckerberg takes a dig at Apple’s App Store commission
2 days, 10 hours ago

Meta CEO Mark Zuckerberg takes a dig at Apple’s App Store commission

The Hindu  

Meta CEO Mark Zuckerberg did not hold back from criticising iPhone-maker Apple during an episode of the Joe Rogan podcast on January 10, claiming innovation within the hardware company had slowed down while also calling out their “random rules.” In particular, Zuckerberg took aim at Apple’s commission policy for developers on its app store. “On the one hand it’s been …

Mark Zuckerberg says users exiting Meta over fact-checking reforms is ‘virtue signaling’
4 days, 21 hours ago

Mark Zuckerberg says users exiting Meta over fact-checking reforms is ‘virtue signaling’

Live Mint  

Meta CEO Mark Zuckerberg responded defiantly to criticism of his company’s recent decision to eliminate third-party fact-checking and relax content moderation rules across Facebook, Instagram, and Threads. “I think Community Notes will be more effective than fact-checkers, reducing the number of people whose accounts get mistakenly banned is good, people want to be able to discuss civic topics and make …

Mark Zuckerberg’s alliance with Donald Trump proves just how low he’ll go
5 days, 22 hours ago

Mark Zuckerberg’s alliance with Donald Trump proves just how low he’ll go

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. Meta’s choice of media outlet to announce its “free expression” overhaul was also telling: an exclusive interview …

Mark Zuckerberg: Why Meta’s moderation overhaul is a pro-Trump pivot.
1 week ago

Mark Zuckerberg: Why Meta’s moderation overhaul is a pro-Trump pivot.

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. The company is also rolling back guardrails on permissible discourse around hot-button topics like “immigration and gender” in ways that will supposedly align more with the “mainstream discourse.” Content-moderation filters will be tweaked to remove less harmful speech and …

Meta to discontinue fact-checking, rely on user-based filtration: Zuckerberg
Top News
1 week, 1 day ago

Meta to discontinue fact-checking, rely on user-based filtration: Zuckerberg

Live Mint  

New Delhi: Meta Platforms chief executive Mark Zuckerberg on Tuesday announced a decision to do away with the company's long-standing fact checking teams—choosing instead to establish a ‘community notes’ mechanism akin to Elon Musk’s X, formerly Twitter. Zuckerberg’s other moves include backing the incoming Trump administration to influence global governments that the executive said has made it difficult for “American …

Mark Zuckerberg’s MAGA makeover will reshape the entire internet
Top News
1 week, 1 day ago

Mark Zuckerberg’s MAGA makeover will reshape the entire internet

CNN  

New York CNN — Meta CEO Mark Zuckerberg is making sweeping changes to the social internet, all in line with the desires of President-elect Donald Trump and his supporters. The recent elections “feel like a cultural tipping point towards once again prioritizing speech,” Zuckerberg said in his announcement, justifying relaxed new content moderation rules on Facebook, Instagram and Threads. Tuesday …

Mark Zuckerberg Is Cozying Up to the Right. The Reason Why Is Gross.
2 months, 2 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 Zuckerberg says U.S. pressure on Covid-19 posts was 'wrong'
4 months, 2 weeks ago

Meta CEO Zuckerberg says U.S. pressure on Covid-19 posts was 'wrong'

Raw Story  

Meta CEO Mark Zuckerberg believes U.S. government pressure on his social media platforms to take down certain Covid-19 content in 2021 was "wrong," and said he would resist similar attempts in the future, according to a letter submitted to a US congressional committee. Regarding the pandemic, the Facebook founder said the Biden administration had in 2021 "repeatedly pressured our teams …

Meta CEO Mark Zuckerberg says U.S. pressure on Covid-19 posts was 'wrong'
4 months, 2 weeks ago

Meta CEO Mark Zuckerberg says U.S. pressure on Covid-19 posts was 'wrong'

The Hindu  

Meta CEO Mark Zuckerberg believes U.S. government pressure on his social media platforms to take down certain Covid-19 content in 2021 was "wrong," and said he would resist similar attempts in the future, according to a letter submitted to a US congressional committee. Regarding the pandemic, the Facebook founder said the Biden administration had in 2021 "repeatedly pressured our teams …

Meta CEO Mark Zuckerberg believes having hobbies and free time makes going back to work easier
5 months, 1 week 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 posts stronger-than-expected Q2 results, sending shares higher after hours
5 months, 2 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 …

Mark Zuckerberg praises Donald Trump's 'badass' response to assassination attempt
5 months, 3 weeks ago

Mark Zuckerberg praises Donald Trump's 'badass' response to assassination attempt

India TV News  

Washington: Meta CEO Mark Zuckerberg has heaped praises on former US President and Republican presidential candidate for this year's election, Donald Trump, for the latter's response to the recent assassination attempt, calling it "one of the most badass things I've ever seen in my life." The entrepreneur declined to endorse any presidential candidate and said he would not play a …

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

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day
8 months, 3 weeks ago

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day

Daily Mail  

Meta shares crashed in after-hours trading Wednesday after the company warned profits will slip over the summer. Meta says it will see second quarter revenue between $36.5 and $39 billion. Shares were also hit after Meta said it expects overall expenses this year to be higher than it previously forecast - as the Facebook parent spends heavily to roll out …

Mark Zuckerberg loses USD 3 billion after Meta outage: Shocking details here
10 months, 1 week 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, 3 weeks 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 …

Zuckerberg: King of the Metaverse, review: how Facebook changed (then ruined) the world
1 year ago

Zuckerberg: King of the Metaverse, review: how Facebook changed (then ruined) the world

The Telegraph  

Remember when Facebook seemed harmless? In Zuckerberg: King of the Metaverse, one former executive put it this way: “When I first joined, movies were being made; the founder was on the cover of Time magazine; you’re overthrowing dictators. Now, you’re being told you destroyed democracy.” The film traced Facebook from Zuckerberg’s invention to world domination and scandals involving data harvesting, …

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, 2 months 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, 2 months 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 …

Mark Zuckerberg is still losing billions on the Metaverse, Meta results show – and he plans to lose even more
1 year, 5 months ago

Mark Zuckerberg is still losing billions on the Metaverse, Meta results show – and he plans to lose even more

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. Read our privacy policy Mark Zuckerberg’s big bet on the metaverse has now lost $40 billion – …

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 …

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 …

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

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump
1 year, 8 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, …

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 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 …

A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 10 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, 10 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, 10 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 to cut 10,000 jobs: Report
1 year, 10 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, …

'I’ve made the difficult decision'- Mark Zuckerberg to cut 10,000 jobs at Meta
1 year, 10 months ago

'I’ve made the difficult decision'- Mark Zuckerberg to cut 10,000 jobs at Meta

India TV News  

Meta on Tuesday said it would reduce team size by cutting 10,000 jobs. Meta published a press release with a title- 'Update on Meta’s Year of Efficiency' "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," it read. Here’s the timeline you should expect: Over …

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

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

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…
1 year, 10 months ago

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…

Hindustan Times  

Meta Platforms Inc said on Friday it is exploring strategic alternatives for customer service company Kustomer that it acquired in a process ending last year. "We are currently exploring strategic alternatives for Kustomer and will continue to support Kustomer's product and customer base throughout this process," the Facebook owner said in an emailed statement to Reuters, without providing additional details …

Meta plans to sack 1,000 more employees this week: Report
1 year, 10 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 …

Meta likely to layoff more workers in the coming week
1 year, 10 months ago

Meta likely to layoff more workers in the coming week

India Today  

The layoff season is not over in Meta yet. Meta has given "subpar ratings" to thousands of employees during its latest performance review, which hints at more layoffs in the coming months. Previously, managers at Meta gave around 10 per cent of employees a rating of "meets most", which is the second-lowest rating at the company. The Wall Street Journal …

Second wave of layoffs in Meta
1 year, 10 months ago

Second wave of layoffs in Meta

India TV News  

After laying off more than 11,000 employees making nearly 13% of its workforce, Meta, the parent company of Facebook, plans to make additional cuts with another wave of layoffs. Image Source : FREEPIKJob Loss The company also plans to push certain executives to lower-level roles without direct reports. By reassigning some leaders to lower-level jobs without direct responsibility, Meta hopes …

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 …

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