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The Latest Breaking News from Meta

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

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’

Evening Standard

Facebook parent Meta laying off more than 11,000 workers

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

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Facebook and Instagram to let 11,000 staff go

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

Wales Online

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.

Irish Mirror

Miriam O’Callaghan admits High Court case was ‘stressful’ for family members

The Prime Time presenter sued Meta for using her image in false advertisements

Dublin Live

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 Independent UK

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Facebook under fire for refusing to mark election video as misleading

Twitter marked the video as being “presented out of context”

The Independent UK

Why the Oculus Rift inventor made a VR headset that can kill you

Palmer Luckey, the creator of the original Oculus Rift VR headset, made a modified Quest Pro that can physically harm you if you lose in a game.

Inverse

Want social media companies to step up their election game? Give them a financial reason

Researchers are sounding alarms about disinformation ahead of Tuesday’s midterms, but social media consumers are voting with their eyes.

Fortune

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Fortune

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Asharq Al-Awsat

Tech giants and business warm to Labor’s privacy bill but point to flaws in drafting

Business Council of Australia warns of ‘unintended drafting error’ in privacy bill

The Guardian - AU

Taoiseach and Tánaiste says country will regroup amid tech job layoffs due at Meta and Twitter

Mr Martin was speaking after two major tech employers in Ireland, Twitter and Stripe last week announced hundreds of imminent job losses

Irish Mirror

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Fortune

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Dublin Live

Facebook parent company Meta planning to slash thousands of jobs

Fears are growing for the 6,000 Irish workers who work in the company's European headquarters in Dublin

Irish Mirror

Claim Meta on verge of large-scale job cuts, as 3,000 Irish employees may be at risk

The news comes just a short time after Elon Musk laid off thousands of Twitter employees via email

The Guardian - AU

Afternoon Update: Twitter bans impersonators; Crown fined $120m; and billionaires polluting the planet

Elon Musk says he is still committed to free speech despite account bans. And Scott Morrison gets a warning from the attorney general

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news in one place.

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The Guardian - AU

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

Tribune News Service

Meta reportedly to start laying off thousands of staff this week

Meta Platforms Inc. is planning to begin layoffs this week that will affect thousands of workers, The Wall Street Journal reported, citing people with knowledge of the matter.

The Independent UK

Facebook parent Meta preparing to announce large-scale layoffs this week, report says

The company posted weak results and saw a dramatic fall in its share price over 2022

The Guardian - US

These companies claim to support abortion rights. They are backing anti-abortion Republicans

An analysis of major companies’ donations, including Meta and Amazon, reveals donations to candidates calling for banning the procedure

Newslaundry

Criminal defamation: Problems and precedents of a provision used commonly against the press

Earlier this week, the Delhi police searched the Wire’s office and the homes of its five staffers, days after BJP leader Amit Malviya accused the portal of maligning his and his party’s reputation through a criminal conspiracy, cheating and forged documents.

Benzinga

Meta Platforms Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:META). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Conversation

Why Meta's share price collapse is good news for the future of social media

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its…

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Tanaiste Leo Varadkar

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Bharatiya Janata Party