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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,…

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by Chris Spiker
Business
Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World
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…

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by Nicole Valinote