Meta CEO Mark Zuckerberg announced that his company will be laying off more than 11,000 employees in the US. Taking responsibility for the layoff, Mark Zuckerberg said in a blog post that he ‘is sorry for those impacted’ and that the company will compensate them and help them get another job. Meta has said those […]
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Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes Meta, in a blog post, on Wednesday shared that it will be firing […]
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Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, […]
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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. The broad job cuts, the first in Meta’s 18-year history, follow thousands of layoffs […]
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Meta Platforms Inc.’s Instagram now has 2 billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook, in a sign of the social media giant’s shifting makeup. The company disclosed the number during an otherwise-gloomy earnings report Wednesday, when a shaky ad market clouded Meta’s forecast and sent its shares tumbling. […]
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Meta Platforms Inc. criticized Apple Inc. for changing its App Store terms to take a portion of social-media advertising revenue, saying the iPhone maker was “undercutting others in the digital economy.” The policy change, disclosed this week, requires users and advertisers to make an in-app purchase when they pay to “boost” posts in apps like […]
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About a year after Facebook changed its name to Meta Platforms Inc. to highlight its new focus on the metaverse, long-term shareholder Altimeter Capital Management has called on the company to rein in its spending on the bet. Meta has lost focus and its shares are underperforming peers, Brad Gerstner, chief executive officer of the […]
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Meta Platforms Inc. has made it clear that it wants to infiltrate the business world with virtual reality technology. So I tested the premise on Tuesday morning, joining the company’s Connect developer conference via an Oculus Quest 2 virtual reality headset. The conference was hosted in the company’s Horizon Worlds app, which the company said […]
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Last October, when Mark Zuckerberg, the chief executive of Facebook, announced that the company would change its name to Meta and become a “metaverse company,” he sketched a vision of a utopian future many years off in which billions of people would inhabit immersive digital environments for hours on end, working, socializing and playing games […]
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