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

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.

Meta axes 10,000 jobs in new round of cuts

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.

Meta Slashing Thousands Of Jobs To Help Stop Hemorrhaging Red Ink

Meta Slashing Thousands Of Jobs To Help Stop Hemorrhaging Red Ink

Meta stock jumped Tuesday as the social media giant announced it would cut about 10,000 jobs over the next few months.

Investors Business Daily

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Facebook, WhatsApp and Instagram owner Meta to cut another 10,000 jobs

It comes after it made 11,000 cuts just four months ago

Mark Zuckerberg's 'year of efficiency' now means another 10,000 layoffs and a hiring freeze on 5,000 more jobs

Here it is. Facebook parent Meta just announced further cost-cutting measures after employees have spent weeks bracing for more pain.

Zuckerberg’s Meta to lay off another 10,000 employees

Restructuring, as part of the company’s ‘Year of Efficiency’, also sees 5,000 unfulfilled job adverts closed

The Guardian - US

Facebook parent Meta to lay off another 10,000 workers

The company in February posted lower fourth-quarter profit and revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.

Chicago Sun-Times

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Meta to cut 10,000 more jobs, eliminate 5,000 openings

Meta to cut 10,000 more jobs, eliminate 5,000 openings

It's the second round of layoffs to hit the tech giant in the past few months.

Meta to cut another 10,000 jobs as Zuckerberg tells staff: ‘This will be tough and there’s no way around that’

The cuts add to the 11,000 staff that were let go in November last year

Evening Standard

Facebook parent Meta slashes another 10,000 jobs

Facebook parent Meta slashes another 10,000 jobs

Facebook’s parent Meta will slash another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs

The Independent UK

Hammer Hits Meta Again As Company Plans To Cut Thousands

Hammer Hits Meta Again As Company Plans To Cut Thousands

Facebook parent Meta is planning another round of layoffs that will cut thousands of employees as soon as this week.

Investors Business Daily

Big tech in crisis: the cuts, lay-offs and worried workers at Twitter and Meta

After years of growth, the social media giants are slashing at budgets in post-Covid difficulties, leaving morale to slump...

Evening Standard

Meta Plans More Job Cuts As The Tech Industry Tries To Undo Strategic Blunders

Meta Plans More Job Cuts As The Tech Industry Tries To Undo Strategic Blunders

META stock was trading flat Wednesday as reports said the social-media giant was closing in on a new round of layoffs.

Investors Business Daily

Meta just gave thousands of employees poor performance reviews that could clear the way for more layoffs during its 'Year of Efficiency'

Meta just gave thousands of employees poor performance reviews that could clear the way for more layoffs during its 'Year of Efficiency'

Threat comes after 11,000 workers lost their jobs in November.

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Meta Plans Fresh Job Cuts To Kick Off ‘Year Of Efficiency’

Meta, which let go of 11,000 employees back in November, is considering another round of layoffs

Meta employees are reportedly bracing for more layoffs amid delays to finalized budgets: ‘It’s still a mess’

“The year of efficiency is kicking off with a bunch of people getting paid to do nothing," one Meta employee told the FT.

Tech giants are pivoting to a 'Year of Efficiency'

The year ahead will be all about refocusing on priorities for tech giants.

Tribune News Service

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.

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Meta may have spent at least $88,000 per person when it laid off 11,000 in 2022. This year could see even more job cuts

And those aren’t even the costliest recent tech layoffs.

Tribune News Service

Meta shares soar as Zuckerberg ushers in ‘year of efficiency’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg struck a new tone with investors Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big assist from artificial intelligence.

Tribune News Service

Meta soars after sales beat, rosy forecast as Facebook grows

Meta Platforms Inc. posted quarterly sales that topped estimates, gave a rosy revenue forecast and indicated Facebook and Instagram still have room to grow, signaling it’s on course for a turnaround after its most difficult year.

The Guardian - US

Meta earnings drop by less than expected with boost from Reels

Parent company of Facebook and Instagram reports $32bn in revenue for fourth quarter, prompting rise in stock price

Investors Business Daily

Mark Zuckerberg Delivers The Medicine Meta Investors Needed Badly

Meta stock soared as Mark Zuckerberg provided the tonic investors needed with fourth-quarter results and plans for a "year of efficiency."

Meta Employees Undermine Zuckerberg’s Metaverse Strategy

Meta employees are expressing discontent with Mark Zuckerberg and his metaverse strategy on anonymous jobs forums such as Blind.

From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022

From Facebook's troubled pivot to the metaverse to Twitter's management chaos to industry-wide layoffs, social media companies have had a rocky 2022

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