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The Latest Breaking News from Meta

Amazon starts annual hunt for costs to cut, rounding out rough year

Amazon is starting a cost-cutting review, part of an annual process that this year will involve the same macroeconomic factors that have led the company to freeze hiring and cut several projects.

Tribune News Service

Daily Telegraph’s ‘inaccurate’ reporting taken into account by judge when sentencing paedophile

‘Sensational’ reporting by News Corp and 2GB should be considered as additional punishment when deciding sentence, judge says. Plus: the AFR’s kiss of death

The Guardian - AU

What is Meta as Facebook and Instagram owner slashes thousands of jobs

The tech giant will cut 13 per cent of its entire workforce as part of the cuts - this comes as part of a major restructuring of the entire company Meta, parent of Facebook.

Glasgow Live

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L’Oreal is easing the return to office with a $5-an-hour concierge

While Meta and Bloomberg nix company perks, workers at L’Oréal’s new headquarters in El Segundo get a subsidized personal assistant.

Fortune

California’s new child privacy law could become national standard

A new California privacy law might fundamentally change how kids and teens use the internet — not only in California but also across the country.

Tribune News Service

Man creeped out by Facebook 'spying on him' as he gets ads for items he's chatted about

One man had a late-evening phone conversation with a relative about a random topic and the next morning he saw an advert in his Facebook connected to his private chat

Daily Mirror

Twitter layoffs: Firm accused of 'actively ignoring Irish labour laws'

The firm has come under fire after employees were locked out of their emails before the collective redundancy process could take place

Dublin Live

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Mark Zuckerberg can sack 11,000 workers but shareholders can't dump him: it's called 'management entrenchment'

“I want to take accountability for these decisions and for how we got here,” tech billionaire Mark Zuckerberg told the 11,000 staff he sacked this week.

The Conversation

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, calling himself responsible for the first major round of layoffs in the social media giant’s history.

Tribune News Service

Elon Musk could learn from Mark Zuckerberg when it comes to layoffs

The CEOs of Meta and Twitter took a different approach to firing thousands of employees in the last week.

Fortune

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Benzinga

Nasdaq Drops 200 Points; Meta Platforms Shares Jump

U.S. stocks traded lower toward the end of trading , with the Nasdaq Composite dropping 200 points on Wednesday.

Benzinga

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

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The Guardian - UK

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

Tribune News Service

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.

Fortune

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.

Evening Standard

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

Plus, the crypto market is rocked

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news in one place.

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Manchester Evening News

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.”

Tribune News Service

Zuckerberg says ‘sorry’ as Meta begins slashing over 11,000 jobs

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.

Irish Mirror

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%.

The Guardian - UK

Facebook owner Meta to sack 11,000 workers after revenue collapse

Mark Zuckerberg says firm overinvested at start of Covid, adding ‘I got this wrong’

Dublin Live

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

Daily Mirror

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

WEKU

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.

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