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

November 9, 2022November 9, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

Facebook owner Meta to lay off 11,000 employees

November 9, 2022November 9, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

Facebook owner Meta to lay off 11,000 employees

November 9, 2022November 9, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

Meta’s quarterly profit more than halved to $4.4 bn

October 26, 2022October 27, 2022cpooldigitalLeave a Comment

[ad_1] AFP San Francisco: October 27, 2022 06:24 IST Updated: October 27, 2022 06:24 IST AFP San Francisco: October 27, 2022 06:24 IST Updated: October 27, 2022 06:24 IST The social networking giant also said revenue slipped to $27.7 billion from $29 billion a year earlier Facebook-parent Meta reported Wednesday that its profit more than […]

Meta needs to slash Metaverse spending to ‘get mojo back,’ shareholder says

October 25, 2022October 25, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

As Zuckerberg bets on TikTok-style videos, Meta heads for first-ever revenue drop

July 27, 2022July 27, 2022cpooldigitalLeave a Comment

[ad_1] Meta is expected to record its first-ever revenue drop in its history as a public company, down 0.4% to about $29 billion Meta is expected to record its first-ever revenue drop in its history as a public company, down 0.4% to about $29 billion Meta’s future may lie in the metaverse, but when the […]