Tag:

Mark Zuckerberg

Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says Meta is dismantling its third-party fact-checking program in the U.S. and aims to bring back political content as President-elect Donald Trump prepares to return to the White House, the company said. Meta CEO Mark Zuckerberg announced the changes in a video statement on Tuesday, Jan. 7. The company that owns Facebook, Instagram, WhatsApp, and Threads, will replace its fact-checking program with a Community Notes system similar to the one implemented on X (formerly Twitter). Zuckerberg said the new system's goal is to reduce bias and restore free expression. "Fact-checkers have be…
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 …