The parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.
Tag: Meta Platforms Inc
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Meta Is Said to Plan Significant Job Cuts This Week
Mark Zuckerberg, Meta’s chief executive, said last month that many “teams will stay flat or shrink over the next year” as his company faces economic challenges.
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Facebook’s Future: My Sad, Lonely, Expensive Adventures in the Metaverse
Meta is spending billions on virtual reality, and it has very little to show for it.
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Elon Musk Takes a Page Out of Mark Zuckerberg’s Social Media Playbook
As Mr. Musk takes over Twitter, he is emulating some of the actions of Mr. Zuckerberg, who leads Facebook, Instagram and WhatsApp.
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Elon Owns Twitter + Apple’s Developer Tax + Meta’s Dismal Earning Report
The world’s richest man just closed the deal, promising that the company won’t become a ‘hellscape’, appointing himself ‘Chief Twit’ and promptly firing top executives.