Meta to lay off 13% of workforce after 71% drop in stock price
Meta CEO Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first layoffs in the company’s history.
Meta CEO Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first layoffs in the company’s history.
The metaverse was supposed to offer Meta a fresh start as it faces other business pressures and negative publicity, internal documents show.
Facebook parent, Meta is looking to reduce costs by at least 10%, people familiar with the plans said.
Zuckerberg’s efforts to remake Meta is taking on a new sense of urgency after the company posted its first-ever quarter of falling sales.
Apart from getting professional advice, it’s not a bad idea to follow some trustworthy influencers as you embark on your investment journey.
“As long as your goal is creating more engagement, optimizing for likes, reshares and comments, you’re going to continue prioritizing hateful content.”
Facebook has investigated how to engage young users in response to competition; ‘Exploring playdates as a growth lever’, says The Wall Street Journal.
Employees have raised alarms about how Facebook is being used in developing countries, “where its user base is already huge and expanding.”
Internal Facebook memos show how a big change in 2018 rewarded outrage – and that Mark Zuckerberg resisted proposed fixes, reports The Wall Street Journal.
“Its own in-depth research shows a significant teen mental-health issue that Facebook plays down in public,” says The Wall Street Journal.