Facebook parent Meta planning massive layoffs this week: report

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Facebook parent Meta is reportedly planning to lay off thousands of workers this week as the company's stock price has dropped 73% so far this year.

Meta Platforms is planning to let go of thousands of employees this week, marking the first wide-ranging layoffs in the social media platform's history, the Wall Street Journal reported Sunday. Microsoft and other companiesA spokesperson for Meta declined to comment on Sunday, but directed FOX Business to comments that CEO and co-founder Mark Zuckerberg made during a third-quarter earnings call last month.

investors on Oct. 26. "So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year." Mark Zuckerberg, via video, speaks at the 2022 SXSW Conference and Festivals at Austin Convention Center on March 15, 2022, in Austin, Texas. Zuckerberg added that Meta expects to "end 2023 as either roughly the same size or even a slightly smaller organization than we are today."

 

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Brazilians in the streets protesting against the biggest electoral fraud in Brazil. one cannot at least question the result of the elections, whoever questions it can be arrested, this is not democratic, it is dictatorship. so-called democratic institutions persecute the people.

That’s ok but a problem when Twitter does it. Lane double standard

Ex-Twitter employees need not apply

This company kinda like Madonna. Getting old, too much plastic surgery, trying desperately to remain relevant, and completely full of themselves.

Boooo F**ing Hooooo

Looks like Zuck is following Elon’s lead.

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Meta to Begin ‘Large-Scale Layoffs’ in Coming Days: WSJFacebook’s parent company employs more than 87,000 people, many thousands of whom are expected to be affected by the forthcoming marching orders. What's going on with these tech CEOs All you have to do is to look at the money pit that the 'metaverse' has become for Zuckerberg. Horizon World is not exactly bringing in the eyeballs. Why?
Source: thedailybeast - 🏆 307. / 63 Read more »