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The Latest Breaking News from Meta

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.

Tribune News Service

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

Daily Mirror

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’.

Al Jazeera

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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.

WEKU

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

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

Wales Online

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.

Fortune

Microsoft Teams will let you have video meetings as a 3D avatar

Microsoft Mesh avatars are coming to Teams in May, bringing a touch off the metaverse to meetings.

Evening Standard

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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

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.

Axios

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’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

Facebook and Instagram NFTs dropped 6 months after U.S. debut as more Meta layoffs loom

The company said it would still support creators who use Instagram and Facebook to amplify their work.

Fortune

Ayn Rand Would Hate the New Spotify Video Feed

Turning every streaming service into TikTok is bad for the internet. It'll be disastrous for music.

Reason

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The Conversation

The Online News Act could give Google and Meta too much influence over Canadian news organizations

Bill C-18, the Online News Act, could give Google and Meta greater influence over Canadian news media in the form of new agreements between online platforms and news organizations.

The Guardian - US

Demand for deepfake pornography is exploding. We aren’t ready for this assault on consent

With cheap apps proliferating, how long til our likeness appears in a nonconsensual deepfake porn video?

Asharq Al-Awsat

Report: Meta Plans New Job Cuts

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months…

Evening Standard

Microsoft says GPT-4 AI is coming next week with video features

The large-language model could be unveiled at an event on March 16.

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Fortune

PayPal mafia veteran Keith Rabois thinks Google hired engineers to do 'fake work'

The PayPal Mafia veteran claimed new hires were given "fake work", adding that mass layoffs seen in the sector are overdue.

Evening Standard

Plans for Instagram’s upcoming Twitter rival leak online

The service looks a lot like Elon Musk’s Twitter — but with one major difference

Evening Standard

WhatsApp spam calls could soon be much easier to ignore

Meta is working on a feature which will automatically mute calls from unknown numbers.

Fortune

Facebook parent Meta still pays women in the U.K. and Ireland less than men and gives them much smaller bonuses

For every £1 a male employee earns at Meta U.K., women earn 92p when looking at median hourly pay.

Evening Standard

Is Meta mulling a VR games subscription service?

Screenshot suggests Meta may give players two games or apps per month, accessible as long as they stay subscribed.

Daily Mirror

Save on the Meta Quest 2: price drop sees £70 knocked off the VR headset

Meta Quest 2 256GB edition has had money slashed off of its retail cost and now comes with two free games

Fortune

Meta's large language model leak awakens debate over open or closed A.I. research

Researchers are split on whether code and datasets should be available for easy access.

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