Meta Platforms layoffs

Facebook parent Meta's oversight board said that an internal system that exempted high-profile users from some or all of its content moderation rules needs a major overhaul. Facebook parent Meta's quasi-independent oversight board said Tuesday that an internal system that exempted high-profile users, including former U.S. President Donald Trump, from some or all of its content moderation rules needs a major overhaul. The report by the Oversight Board, which was more than a year in the making, said the system “is…

The company appears not to know the full extent of what its systems do with users’ data. That could be a problem. For all the difficulties that Meta Platforms Inc. is going through with declining ad revenues, higher costs related to its risky investment in the metaverse and its first major restructuring, the company has been relatively lucky with privacy regulators.It has avoided the most detrimental fines under Europe's main privacy law, known as the General Data Protection Regulation or GDPR, despite making billions…

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…

Facebook parent Meta Platforms is planning to begin layoffs that will affect thousands of workers from this week, Wall Street Journal reported. Facebook parent Meta Platforms Inc. is planning to begin layoffs that will affect thousands of workers from this week, Wall Street Journal reported, citing people with knowledge of the matter. The job cuts could come as early as Wednesday, the newspaper said. The company has already told employees to cancel non-essential travel from this week, according to the report.…