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Meta's India Staff, On Edge After US Firm Fires 11,000 Globally
India employees of Meta, the firm that owns Facebook, Instagram and WhatsApp, have been thrown off-guard after the US firm announced 11,000 layoffs globally or 13 per cent of its workforce. While no country-specific numbers have yet been disclosed, Meta's India ...
Facebook Parent Meta, Cuts 11,000 Jobs, 13% Of Workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week ...
Facebook Parent Meta, Q3 Revenue, Profit Decline
Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising revenue amid competition from the wildly popular video app TikTok. The quarter's weak results raised fresh questions about whether Meta's plans to ...
Irish Regulators Fine Instagram 405M Euros, For Data Breach
Irish regulators are slapping Instagram with a big fine after an investigation found the social media platform mishandled teenagers' personal data. Ireland's Data Protection Commission said by email Monday that it made a final decision last week to fine the company ...
Facebook Ends Funding, For US News Partnerships Programme
Meta Platforms says will no longer pay US news organisations to have their material appear in Facebook's News Tab as it reallocates resources in the face of the economic downturn and changing user behaviour. The company said Thursday that most of ...
Facebook Parent Meta Posts, First Revenue Decline In History
Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters - and as competition from rival TikTok intensifies. The results largely followed a ...
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