Fair 46°
Tag:

Mark Zuckerberg

Business
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,…

SHARE

by Chris Spiker
Business
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…

SHARE

by Chris Spiker
Business
Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report
Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report A candy and pet food heiress is Virginia's wealthiest business owner once again, according to Forbes' most recent ranking of the richest people in America. With an estimated net worth of $47.6 billion, 84-year-old Jacqueline Mars, who owns approximately one-third of the candy, food and pet care firm founded by her grandfather, made the top 20 on the list, not far ahead of another family member. Jacqueline Mars, who worked for around 20 years and served on the company's board until 2016, was joined on the list by Pamela Mars, who has worked at her family's company for nearly f…

SHARE

by Zak Failla