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The Latest Breaking News from Meta

Meta's metaverse is on the back burner

The company formerly known as Facebook is talking more about AI than the metaverse these days.

Axios

Snapchat's secret weapon: Creators

Snapchat's ad revenue-sharing program is still in beta testing, but some creators report big payouts. Will it give Snap an edge in its competition with larger platforms like Instagram and TikTok?

Fortune

Roald Dahl rewrite shows need for new digital rules

Netflix's 'sensitivity' revisions of the Roald Dahl books is a result of market concentration and Australia will need new rules to cope, a minister said.

AAP

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Baidu unveils 'Ernie' AI, but can it compete with Western AI rivals?

Chinese tech giant Baidu has announced its own generative AI chatbot, known as Ernie Bot, in a press conference that aimed to put the firm on a competitive footing with OpenAI and Microsoft. Ernie Bot is a large language model (LLM) that has been in development at Baidu for some…

IT Pro

Former Meta employee says staff were 'hoarded like Pokémon cards'

"It puts you in the position where it's really difficult to get another job," ex-employee Brit Levy said. "It's a tradeoff and it sounds great, but it's going to really screw up people's careers."

Fortune

Can Facebook really still be advertising investment scams? You Meta believe it

Savers at risk because social media giant fails to tackle the running sore of frauds on its platform

Daily Mirror

Idaho search warrants show Moscow homicides police work before Bryan Kohberger’s arrest

Dozens of newly released search warrants in the investigation into November’s University of Idaho homicides reveal for the first time how law enforcement pursued and developed evidence that led to the arrest of suspected killer Bryan Kohberger.

Tribune News Service

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Latest Meta jobs losses in Ireland will be ‘relatively small’, Taoiseach says

Leo Varadkar said he remained positive about the longer-term prospects for the tech sector in Ireland.

The Independent UK

Women Who Get Abortions Could Be Charged With Homicide Under South Carolina Bill

Plus: ACLU sues over low-flying helicopter during protests, Canada's Online News Act, and more...

Reason

What is GPT-4? OpenAI releases ChatGPT’s latest model

The new chatbot is more sophisticated than its predecessor but still has some limitations

Evening Standard

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

The Guardian - UK

Zuckerberg asks workers to 'find more opportunities' to work in-person

Zuckerberg encouraged employees to “find more opportunities to work with your colleagues in person.”

Fortune

CEOs accuse tech workers of doing ‘fake’ work as layoffs roil industry

The CEO accused tech companies of predatory hiring and said laid-off employees were only attending meetings

The Independent UK

Federal Reserve faces dual test of high inflation, bank instability

The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump…

France 24

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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.

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news in one place.

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Wales Online

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

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

Fortune

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.

Evening Standard

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.

The Guardian - US

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

Chicago Sun-Times

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.

Axios

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.

Evening Standard

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

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