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The Latest Breaking News on Facebook issues more tough-luck news to workers

Meta paying out a 'staggering' $181 million to give back office space it can't fill

Mark Zuckerberg's Meta—which owns Facebook, Instagram, WhatsApp and Threads—has ended a London office lease at the penalty of $181 million.

Fortune

Zuck says Threads is a 'Year of Efficiency' triumph

Meta's CEO thinks the company's new Twitter competitor has a shot of being the first public discussion app to reach 1 billion users.

Fortune

Is Meta Stock Still a Good Buy After Hitting 52-Week Highs?

Meta Platforms (META) stock has hit a 52-week high and with gains of 147% and is the second-best performing S&P 500 stock of the year, trailing only Nvidia which has almost tripled this year. Why is Meta stock surging and is it still a good buy at these levels?

Barchart

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Mark Zuckerberg wants a 'scrappier' Meta after layoffs

Meta has announced layoffs of 21,000 workers over the past year. But that's all part of Zuckerberg's push for greater efficiency.

Fortune

Facebook owner Meta expected to slash hundreds of jobs in Ireland

The news comes as a blow to Meta employees who have experienced a large of layoffs since November last year

Dublin Live

Facebook layoffs: Further Irish job cuts expected at Meta's Irish operation

This comes after Meta also cut 11,000 jobs globally in November last year, resulting in the loss of 300 Irish jobs

Irish Mirror

Meta's 'Year of Efficiency' is already starting to pay off

Meta reported its Q1 2023 financial earnings for the January-March period. The company saw more than $28 billion in revenue, following major layoffs and restructuring.

Android Central

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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

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

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 to reveal fresh round of job cuts across facebook, Instagram

Facebook parent company Meta is all set to commence the companywide new job cuts on Wednesday as part of reorganising teams and management hierarchies, The Washington Post reported. Read further on Dynamite News:

Dynamite News

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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Axios

After layoffs, the morale crisis

Meta employees are bummed — and worried.

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?

StockNews.com

This Stock Is Outperforming META

The end of the pandemic brought about a reversal in consumer behavior and preference, which became a bane for Meta Platforms, Inc. (META) but a boon for trivago N.V. (TRVG). Continue reading….

Fortune

Recruiters predict talent will retain leverage for another 5 years

Think the bosses are back in charge? Think again.

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Fortune

Meta announced layoffs months in advance. Here’s why you should too

Meta CEO Mark Zuckerberg announced layoffs months in advance. It's a bold move that could pay off.

The Guardian - UK

The perk-cession is here. You lose free food and laundry, but you could have a more satisfying life?

With fewer add-on goodies to offer, firms may have to think about workplace culture and a better work/life balance, says author Stefan Stern

Tribune News Service

Facebook owner Meta will chop 10,000 more jobs as tech layoffs worsen

MENLO PARK, California — Facebook owner Meta Platforms said Tuesday it has decided to chop another 10,000 jobs and hold off on filling thousands of open positions in a fresh round of brutal layoffs for the Bay Area’s tech sector.

Daily Mirror

Facebook owner to slash 10,000 jobs - four months after laying off 11,000 workers

The latest cuts come after Facebook parent company Meta let go of 13 per cent of its workforce last November as companies across the tech industry struggle to remain competitive as they cut costs

Al Jazeera

Facebook owner Meta to cut 10,000 jobs in second round of layoffs

Meta is slashing jobs in a bid to recover from losses and invest in the ‘metaverse’.

WEKU

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

Meta CEO Mark Zuckerberg announced the company is cutting another 10,000 jobs after it laid off 11,000 workers late last year.

Bangkok Post

Meta axes 10,000 jobs in new round of cuts

WASHINGTON - Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize.

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