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The Latest Breaking News from Meta

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK · Nov 9, 2022

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Tribune News Service · Nov 9, 2022

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune · Nov 9, 2022

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Tech & Science Daily podcast: Zuckerberg fires 11,000 Meta employees

Plus, the crypto market is rocked

Evening Standard · Nov 9, 2022

Facebook and Instagram owner Meta makes major staff cuts letting 11,000 workers go

Facebook founder Mark Zuckerberg told staff: “I got this wrong and I take responsibility for that.”

Manchester Evening News · Nov 9, 2022

Zuckerberg says ‘sorry’ as Meta begins slashing over 11,000 jobs

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Tribune News Service · Nov 9, 2022

Facebook layoffs: Hundreds of Irish jobs at risk as Meta confirms cuts worldwide

In a message earlier on Wednesday, Mark Zuckerberg informed the public that that the company will reduce the size of the global workforce by about 13%.

Irish Mirror · Nov 9, 2022

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Facebook owner Meta to sack 11,000 workers after revenue collapse

Mark Zuckerberg says firm overinvested at start of Covid, adding ‘I got this wrong’

The Guardian - UK · Nov 9, 2022

Meta layoffs: Facebook and Instagram parent company to slash tens of thousands of jobs

The multinational giant is set to let go 13% of its workforce

Dublin Live · Nov 9, 2022

Facebook, Instagram and WhatsApp slash more than 11,000 jobs in mass cull

Meta founder and chief executive Mark Zuckerberg said the cuts were "some of the most difficult changes" he has made in his company's history

Daily Mirror · Nov 9, 2022

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

WEKU · Nov 9, 2022

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 · Nov 9, 2022

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 · Nov 9, 2022

Facebook parent Meta laying off more than 11,000 workers

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

Axios · Nov 9, 2022

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Wales Online · Nov 9, 2022

Facebook and Instagram to let 11,000 staff go

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

Irish Mirror · Nov 9, 2022

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.

Dublin Live · Nov 9, 2022

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

The Independent UK · Nov 8, 2022

Mark Zuckerberg ‘accountable’ as Meta prepares to cut thousands of jobs

The company’s stock price has fallen by 70 per cent this year

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The Independent UK · Nov 8, 2022

Facebook under fire for refusing to mark election video as misleading

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

Inverse · Nov 8, 2022

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.

Fortune · Nov 8, 2022

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 · Nov 8, 2022

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.

Asharq Al-Awsat · Nov 8, 2022

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…

The Guardian - AU · Nov 8, 2022

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

Irish Mirror · Nov 7, 2022

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

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