Meta has announced that it will be laying off more than 11,000 of its employees. The mass layoffs are part of the company's transition to become a leaner and more efficient company.
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Mark Zuckerberg has told executives in a meeting on Tuesday that layoffs will begin on Wednesday morning. Thousands of jobs are expected to go. Four months of salary will be paid as severance.
According to a recent report, Meta will announce layoffs this week. The move will impact thousands of employees and will be the biggest headcount reduction among big tech companies this year.
Mark Zuckerberg has made the claim that WhatsApp is more secure and private than iMessage. He highlighted WhatsApp's encrypted backups, encryption across platforms, and ephemeral messages.
Leaked Meta memos have indicated that the company isn't too happy with the progress and feedback of the Horizon Worlds metaverse and is considering forcing employees to use and love the project.
Meta has admitted that it will start laying off some of its employees, and will stop hiring for the upcoming year. It will also impose stricter financial restrictions to brace for a tougher year.
Meta CEO, Mark Zuckerberg, announced today that WhatsApp will let users add other people to a group call by sharing a call link. The feature lets users create links to both voice and video calls.
Meta has announced that its management of the PyTorch framework will be handed over to the new PyTorch Foundation, which is in turn a part of the Linux Foundation. A board will guide its future.
Meta has announced the official date for the annual company event called Meta Connect. The one-day event will be on October 11 where the company plans to disclose new products and upcoming features.
Meta CEO Mark Zuckerberg has announced three new features that are coming to WhatsApp to boost privacy. They will launch alongside an advertising campaign to highlight the capabilities.
Meta has reported its first-ever quarterly revenue drop. As a result, CEO Mark Zuckerberg told investors that he would be looking for ways that the company can do more with less resources.
Facebook released a Feeds tab feature that lets you see content from friends, family, groups, and pages in chronological order. However, they can still get suggested content from the Home tab as well.
Instagram has announced its Payment in Chat feature that lets users buy products by texting online businesses. The feature provides the facility to track orders and pay while staying in the chat.
Content creators can enjoy relief on revenues for another year with Meta's new policy. Revenue cuts on subscriptions etc will now be from 2024. More monetizable features have been introduced too.
Mark Zuckerberg has announced a digital clothing store for Meta users to dress their avatars with branded clothing. Creative individuals will now be able to buy and sell personalized outfits too.
According to a new report, Facebook is considering rebranding and splitting off in a parent company with a new name. The move is expected to materialize soon and will reflect a focus on the Metaverse.
Some work on existing products has been halted by the social media firm in an attempt to address the blowback that the Menlo Park firm is facing from whistleblowers, lawmakers and activists.
Former President Donald Trump has said he will be sueing Facebook, Google, Twitter, and their CEOs for violating his first amendment right to free speech. They say he incited the Capitol violence.
Facebook has emphasized that it made the right decision in banning Trump indefinitely but has referred the case to an independent body for review. A decision will be reached in less than 90 days.
Facebook CEO Mark Zuckerberg has announced that the social network will prevent the incumbent President of the United States from posting any content until the end of his term, in two weeks.
Mark Zuckerberg announced that WhatsApp is now delivering around 100 billion messages a day. Userbase has grown considerably to two billion users now, compared to 500 million back in 2014.
Facebook's Reality Labs Research head, Michael Abrash, has said that standalone AR headsets are about five to ten years away from the market. It comes after Facebook revealed Project Aria.
Facebook has outlined the measures it will take during the U.S. presidential election to ensure that misinformation cannot spread rapidly. With these measures, it hopes to make the election fairer.
Facebook CEO Mark Zuckerberg met with Donald Trump last fall to discuss the threat of TikTok and he may have steered the administration towards TikTok in order to distract Senators from Facebook.
The testimony of Big Tech CEOs was released on Tuesday. The chief executives make the case that they're not a monopolistic force in the industry, and face stiff competition from competitors.
Zuckerberg hopes to encourage four million new voters for the upcoming Presidential Elections. A new information hub will soon be available on Facebook and Instagram to help inform users as well.
The company is aiming to open its offices on July 6 and will let most employees work remotely through the end of this year. Only a handful of employees will be required to come in.
Facebook has announced that it will roll out a coronavirus survey worldwide to get a better picture of how many cases of the disease there really are around the world where testing is scant.
Facebook is working to develop a new cryptocurrency dubbed GlobalCoin internally ready for a 2020 launch. It hopes to make payments secure, affordable, and accessible to the un-banked too.
Facebook is exploring the idea of developing a dedicated news section for the platform, which will feature high-quality content from publishers. There is no word yet on its rollout, though.
In an editorial posted yesterday, Mark Zuckerberg voiced out the need for strict regulation and content control on the internet. He classified the need for rules and regulations into four categories.
Facebook has finally made good on its promise from last year. Messages sent on the social media platform can now be retracted, as long as you do it within 10 minutes of first sending it.
Mark Zuckerberg has ordered the messaging infrastructures of Facebook, Instagram, and WhatsApp to be merged in order to allow messaging across all three of the platforms. It'll be complete in 2020.
A Facebook spokesperson has confirmed that Kenneth Chenault, a member of the company's board of directors, won't be appointed as its new chairman after he resigned from IBM and Procter & Gamble.
Zuckerberg's failure to front the UK over the Cambridge Analytica scandal has seen it oblige a Six4Three managing director to turn over documents that may include Facebook executive correspondence.
Multiple major public funds with large stakes in Facebook came together on Wednesday to call for Mark Zuckerberg's removal as Chairman, for his numerous company mishandlings over the past few years.
Months after the company was found to be deleting Mark Zuckerberg's messages, and hurriedly announced it would bring the feature to all users, Facebook has finally started testing unsend.
A Taiwanese hacker has dared Facebook and Mark Zuckerberg by using the young entrepreneur's own social network to claim that he will broadcast himself deleting Zuckerberg's account on Sunday.
Mark Zuckerberg has been allotted $10 million by Facebook to help him cover the costs of maintaining his and his family's security. The allowance is up by more than 50% since 2015.
Facebook Co-founder Mark Zuckerberg has moved ahead of Warren Buffett as the third-richest person alive. This movement in ranking has been driven by Facebook's stock reaching an all-time high.