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Mark Zuckerberg

Business

Facebook Parent Company Meta Laying Off More Than 11,000 Workers

Facebook Parent Company Meta Laying Off More Than 11,000 Workers

Facebook Parent Company Meta Laying Off More Than 11,000 Workers Meta, the parent company of Facebook, has just announced it is laying off more than 11,000 employees, about 13 percent of its workforce. "Today I’m sharing some of the most difficult changes we’ve made in Meta’s history," CEO Mark Zuckerberg began in a letter to employees Wednesday morning, Nov. 9. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1 (the first quarter). "I want to take accountability for these decisions and for how we got here. I know this …

by Joe Lombardi

11/09/2022

Business

Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World Facebook CEO Mark Zuckerberg has announced a name change and a new logo for the company. Facebook is being rebranded as "Meta," according to an announcement on Thursday, Oct. 28. Zuckerberg said the company's mission remains the same, and the apps and its existing brands aren't going to change with the company's new branding. However, he said all the company's products now share a "new vision." "From now on, we will be metaverse-first, not Facebook-first," he said. "That means that over time you won’t need a Facebook account to use our other services. As our new brand starts showing…

by Nicole Valinote

10/28/2021