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The Latest Breaking News on Tech

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

Workforce Down, Stock Price Up: Here's What's Going On With Meta Platforms

Meta Platforms Inc (NASDAQ: META) gapped up about 4% higher on Wednesday and continued to spike intraday, trading up over 6% in the afternoon.

Benzinga

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK

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Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Tribune News Service

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune

In An Emotional Letter, Zuckerberg Details Reason For Mass Meta Layoffs

Meta stock climbed as Chief Executive Mark Zuckerberg announced plans to slash about 11,000 jobs, or 13% of its workforce.

Investors Business Daily

Tech & Science Daily podcast: Zuckerberg fires 11,000 Meta employees

Plus, the crypto market is rocked

Evening Standard

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Mark Zuckerberg Takes Blame As Meta Lays Off 13% Of Workforce, Elon Musk's Tesla Stock Sale May Not Sit Well With Investors, Netflix Eyes Sports Leagues: Top Stories Wednesday, Nov. 09

Benzinga

Facebook and Instagram owner Meta makes major staff cuts letting 11,000 workers go

Facebook founder Mark Zuckerberg told staff: “I got this wrong and I take responsibility for that.”

Manchester Evening News

Facebook layoffs: Hundreds of Irish jobs at risk as Meta confirms cuts worldwide

In a message earlier on Wednesday, Mark Zuckerberg informed the public that that the company will reduce the size of the global workforce by about 13%.

Irish Mirror

Meta layoffs: Facebook and Instagram parent company to slash tens of thousands of jobs

The multinational giant is set to let go 13% of its workforce

Dublin Live

Facebook, Instagram and WhatsApp slash more than 11,000 jobs in mass cull

Meta founder and chief executive Mark Zuckerberg said the cuts were "some of the most difficult changes" he has made in his company's history

Daily Mirror

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

WEKU

Facebook parent company Meta laying off 13% of employees

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes

The Independent UK

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Evening Standard

Mark Zuckerberg fires 11,000 Meta employees after telling staff ‘I got this wrong’

Affected employees were locked out of Meta systems but were allowed access to their email accounts ‘so everyone can say farewell’

Axios

Facebook parent Meta laying off more than 11,000 workers

It's Meta's biggest round of layoffs in its history.

Wales Online

Facebook and Instagram to let 11,000 staff go

It is a 13% cut in Meta's global workforce

The Guardian - US

Colorado gig drivers make an average of just $5.49 an hour, study finds

Although the report focuses on drivers in Denver, gig worker drivers across the US face similar issues, experts say

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Irish Mirror

Facebook assures Irish Government it will follow redundancy laws after job cuts announced

On his way into Cabinet on Tuesday morning, Mr Varadkar, who is the Minister for Enterprise, said that Meta has to inform its shareholders and employees before the Government.

The Independent UK

Mark Zuckerberg ‘accountable’ as Meta prepares to cut thousands of jobs

The company’s stock price has fallen by 70 per cent this year

The Guardian - UK

Dutch MEP says illegal spyware ‘a grave threat to democracy’

European Commission wears ‘velvet gloves’ when dealing with spyware used on citizens, says chief of inquiry on hacking software such as Pegasus

Tribune News Service

Amazon is bringing palm reading checkout stands to D-FW Whole Food Markets

DALLAS — Amazon is bringing its palm-reading technology to checkouts at Whole Foods Market stores in Dallas-Fort Worth.

AAP

Aussie e-bike riders unlock safer map app

An app designed to help nervous cyclists avoid hills and busy roads will reach more Australians as part of a new deal with an e-bike service.

The Independent UK

Amazon, Amex and more pledged to withhold donations from election deniers. Then they quietly restarted them

Plenty of companies pledged to stop giving after the insurrection. Many have returned, Josh Marcus and Eric Garcia report

Daily Mirror

Cafe owner receives hundreds of phone calls everyday day by people thinking he's Google

Djamel Ait Idir receives 300 calls a day from people thinking he's Google and says people "get abusive" if he puts the phone down, but if he turns his phone off he risks missing table bookings

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