meta layoffs

Meta Platforms Inc. may have got caught in a downward spiral over the past year, but Mark Zuckerberg seems to be putting it back onto a more fruitful direction, at least for now. Meta's decline in ad revenue for the third straight quarter wasn't as big as expected; there was a $40 billion buyback for shareholders; and daily active users — Meta's “North Star” for years — blew past the psychological 2 billion barrier, according to fourth-quarter earnings it announced on Wednesday night. More important, Chief Executive…

The spate of layoffs is a reaction to a hiring wave during the pandemic that got out of hand. But will it be an overreaction? The layoff announcements coming lately from the chief executive officers of big technology companies all contain variations on the theme of “we hired too many people during the pandemic,” expressed with varying degrees of contrition. At one end of the spectrum are Seattleites Andy Jassy of Amazon.com Inc. and Satya Nadella of Microsoft Corp. Amazon's layoffs were simply an outgrowth of its…

Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday. Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand. The magnitude of the cuts couldn't be learned, but the person, who asked not to be identified discussing confidential matters, said the reduction will be significantly larger than…

Image Source : PIXABAY Abhijit Bose had joined WhatsApp as the first country head of the company in India in February 2019. WhatsApp India News: WhatsApp India head Abhijit Bose and Meta's public policy head Rajiv Aggarwal have resigned from their positions, social media major Meta has said. The development comes within a week of Meta announcing 11,000 lay-offs across…

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Based on 2021 Singapore Ministry of Manpower figures, about a quarter of the 177,100 employment pass holders or around 45,000, are from India. Meta, the parent company of Facebook, has announced that it was laying off about 11,000 employees, or 13 per cent of its global workforce. It's the first mass redundancy exercise for the 18-year-old social media behemoth.Its Asia-Pacific headquarters in Singapore was not spared. Media reports speculated that out of the estimated 1,000 employees here, perhaps up to 100, have been…

Overall, 54% of those laid off were in business positions and the rest were in technology roles, Meta human resources chief Lori Goler said. Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles.Speaking during an employee townhall meeting heard by Reuters, Meta executives also said they were reorganizing parts of the company, combining…

Silicon valley is undergoing a major overhaul with big tech companies firing employees. Twitter, Meta, Netflix, Coinbase, Robinhood and others have…

Meta Platforms Inc.’s first major layoffs won’t be nearly enough to get the company back to being as profitable as it was just two years ago, according to analysts. Meta Platforms Inc.'s first major job cuts won't be nearly enough to get the company back to being as profitable as it was just two years ago, according to analysts. Meta laid off 11,000 workers on Wednesday. Chief Executive Officer Mark Zuckerberg said he bore responsibility for growing the company too quickly, on a failed bet that the increase in…

Indian techies lost their job at Meta within 2-3 days of joining. Here is what they say. After Twitter laid off 50 percent of its employees, Meta layoffs have led to the sacking of more than 11000 employees on Thursday. The employees who have been laid off also include some Indian techies. One of the Indian techies who lost the job is IT professional, Neelima Agarwal. Neelima lost the job just after joining Meta two days back. She posted about the same on social media platform Linkedin. "Relocated to Canada from…