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The Latest Breaking News from Mark Zuckerberg

Meta employee accuses Mark Zuckerberg of shattering the 'morale and confidence in leadership of many high performers'

Meta’s first set of layoffs came in November 2022. After this week’s cuts, employees took to internal channels to point out the impact on morale.

Fortune

Meta to scrap hundreds of jobs in London in fresh cost-cutting measures

Meta is to cut hundreds of jobs in London and scrap Instagram’s hub in the city as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.

Evening Standard

Meta to cut or relocate London Instagram staff

Meta is to slash jobs at its Instagram office in London and shift roles back to the US as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.

Evening Standard

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Mark Zuckerberg’s year of efficiency takes another turn as he joins McDonald’s and Google by laying off thousands in the metaverse

Mark Zuckerberg continues to streamline the tech giant with a round of (remote) layoffs, though experts suggest they're not always cost-effective.

Fortune

Meta finally realizes the Quest is for gaming, not for the Metaverse

Meta might be laying off more people across the company but its gaming divisions are said to be safe from the turmoil.

Android Central

Thousands of Meta workers hit by new round of layoffs as company cuts costs

Social media firm will cull 4,000 jobs immediately as part of larger plan to cut 10,000 jobs amid tech industry slump

The Guardian - US

Meta prepares more layoffs across Facebook, WhatsApp, Instagram

SAN FRANCISCO: Meta Platforms Inc is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency.

The Times of India

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Should young teenagers be allowed in the metaverse?

A group of US and UK advocates have urged Facebook’s parent company Meta to block children from its virtual reality platform, warning that they could be exposed to inappropriate content, harassment and bullying.

The Week

How Yishan Wong rose to become Reddit CEO

Yishan Wong talks Fortune through his résumé including the advice former boss Mark Zuckerberg gave him at Facebook, and nearly founding WeWork before WeWork.

Fortune

Silicon valediction? Our road trip to tech industry hotspots as the sector cools

Tables may have freed up at Silicon Valley’s Coupa Cafe, but ‘scalability’ is still on the menu as tech workers look forward

The Guardian - US

Meta Quest Pro review: "The prologue to a cyberpunk novel"

I'd have loved to recommend the Quest Pro as a VR gaming platform, but it showed me that it can't cut through the noise of its Meta DNA.

GamesRadar

Amazon CEO Andy Jassy took nearly a 99.4% pay cut from 2021 to 2022

Jassy had a smaller compensation package than Amazon founder Jeff Bezos in 2022, as well as peers in Big Tech like Apple's Tim Cook and Microsoft's Satya Nadella.

Fortune

After layoffs, the morale crisis

Meta employees are bummed — and worried.

Axios

Michael Hiltzik: What 'Succession' got wrong about what happens when moguls die

Near the very end of Sunday's episode of HBO's hit show "Succession," Roman Roy shows his siblings a stock price chart on his smartphone.

Los Angeles Times

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Daily Mirror

Netflix major shake-up - all the movies being pulled from streaming service next month

On May 1, a list of a few movies and shows will disappear from Netflix. Here's a list of all the favourites' leaving the platform

Fortune

Three of Meta’s top execs—including Mark Zuckerberg—are now spending most of their time on A.I.

The company behind Facebook and Instagram has no plans to sign the proposal to temporarily ban the development of advanced A.I., the Reality Labs chief confirmed.

Tribune News Service

Meta is the hottest tech stock in the market right now

A leaner Meta Platforms Inc. is impressing Wall Street, with analysts turning more bullish as cost cuts coupled with stabilizing advertising trends make the Facebook owner’s stock look more durable in a looming economic slowdown.

TechRadar

Tim Cook's vision for AR/VR is more boring than Meta's, but that's why it might work

Apple's Tim Cook is focused on the most practical AR/VR applications and that's why his version may be better than the Metaverse

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The State of VR: How Meta dropped the ball

Meta fumbled the bag with the Meta Quest Pro, what does that mean for the company and the industry at large?

The Independent UK

Murdoch millions and Zuckerberg date nights: Prenups are routine for the super-rich… are we next?

As media mogul Rupert Murdoch announces plans to marry for the fifth time, Katie Rosseinsky speaks to experts about the wacky world of super-rich prenuptial agreements. Are they instant romance-killers? Or would you be plain stupid not to have one in place?

Windows Central

These reported PSVR 2 sales figures prove that Xbox was right to skip VR

A new report suggests that Sony's PlayStation VR 2 has struggled to reach above 300,000 units, in what comes as something of a vindication for Xbox's ambivalence towards the tech.

Fortune

Over 150,000 people have been let go so far this year. Are layoffs a confession of bad management?

If 2023 is “the year of efficiency,” what were the CEOs of Meta, Amazon, and others doing in all those previous years?

Fortune

In a bid to convince remote workers to return, Meta brings in ... a DJ?

Sound the horn!

Inverse

5 Years Ago, Steven Spielberg Made His Most Misunderstood Sci-Fi Movie Ever

'Ready Player One' is no deep thinker, but it's not our glorious Metaverse future either.

Fortune

Disney joins Microsoft and Snapchat as latest big-name company to slink away from metaverse ambitions

Companies are moving away from the nascent industry as regulators increasingly scrutinize crypto and the buzz around A.I. rises.

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