Tag: Meta jobs

Meta lays off tech teams, battering employee morale
20Apr By adminNo Comments
Technology

Meta lays off tech teams, battering employee morale

[ad_1] Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a "year of efficiency."Meta in March became the first Big Tech company to announce a second round of mass layoffs, which it said would take place in three main batches over several months and impact 10,000 employees. Wednesday's cuts, though expected, prompted expressions of frustration from Meta employees. Layoffs were the subject of the most popular questions posted on an internal company forum on Wednesday ahead of an upcoming employee town hall. "You've shattered the morale and confidence in leadership of many high performers who work with intensity. Why sho...
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WhatsApp, Amazon, Google, Meta to Twitter-Big Tech’s job-slashing wave
15Mar By adminNo Comments
Technology

WhatsApp, Amazon, Google, Meta to Twitter-Big Tech’s job-slashing wave

[ad_1] Facebook owner Meta's announcement on Tuesday that it will shed 10,000 jobs over the next few months is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn.The cuts in the company that also owns Instagram and WhatsApp, follow a cull of 11,000 jobs announced in November. Here are the others: - Amazon -The online retail giant said on January 5, 2023 it would cut more than 18,000 jobs, citing "the uncertain economy" and the fact it had "hired rapidly" during the Covid pandemic.During Covid, Amazon had gone on a hiring spree to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and start of 2022.At the end of September, the group had 1.54 million employees worldwide.- Google -On...
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Zuckerberg’s New Focus Pulls Meta Back From The Brink
3Feb By adminNo Comments
Technology

Zuckerberg’s New Focus Pulls Meta Back From The Brink

[ad_1] Meta Platforms Inc. may have got caught in a downward spiral over the past year, but Mark Zuckerberg seems to be putting it back onto a more fruitful direction, at least for now. Meta's decline in ad revenue for the third straight quarter wasn't as big as expected; there was a $40 billion buyback for shareholders; and daily active users — Meta's “North Star” for years — blew past the psychological 2 billion barrier, according to fourth-quarter earnings it announced on Wednesday night. More important, Chief Executive Officer Mark Zuckerberg replaced much of his usual talk about the still-to-be-realized metaverse with pledges about a new era of “efficiency” for Meta, on the heels of slashing thousands of jobs, and a refocus on artificial intelligence, echoing where other tech ri...
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Big Tech Binged on Workers During Covid. Now, the Purge.
27Jan By adminNo Comments
Technology

Big Tech Binged on Workers During Covid. Now, the Purge.

[ad_1] The spate of layoffs is a reaction to a hiring wave during the pandemic that got out of hand. But will it be an overreaction? The layoff announcements coming lately from the chief executive officers of big technology companies all contain variations on the theme of “we hired too many people during the pandemic,” expressed with varying degrees of contrition. At one end of the spectrum are Seattleites Andy Jassy of Amazon.com Inc. and Satya Nadella of Microsoft Corp. Amazon's layoffs were simply an outgrowth of its annual review, Jassy wrote, although he did allow that “this year's review has been more difficult given the uncertain economy and that we've hired rapidly over the last several years.” Microsoft's Nadella opted for bland corporatespeak: “As we saw customers acceler...
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Amazon, Meta Join Ranks of Tech Companies Slashing Thousands of Jobs
19Nov By adminNo Comments
Technology

Amazon, Meta Join Ranks of Tech Companies Slashing Thousands of Jobs

[ad_1] A running list of the layoffs announced in the industry. Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US and a strong dollar abroad. The tech industry shed 9,587 jobs in October, the highest monthly total since November 2020, according to Challenger, Gray & Christmas Inc., a consulting firm that tallies job cuts announced or confirmed by companies across telecom, electronics, hardware manufacturing and software development. In recent earnings reports, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and others fell short of projections, sending shares plunging and shaving hundreds of billions of dollars from their market valuations. Meta, for instance, has lost more than 67%...
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Nearly half of Meta job cuts were in technology roles
12Nov By adminNo Comments
Technology

Nearly half of Meta job cuts were in technology roles

[ad_1] Overall, 54% of those laid off were in business positions and the rest were in technology roles, Meta human resources chief Lori Goler said. Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles.Speaking during an employee townhall meeting heard by Reuters, Meta executives also said they were reorganizing parts of the company, combining a voice and video calling unit with other messaging teams and setting up a new division, Family Foundations, focused on tough engineering problems. The executives said that the first mass layoff in the social media company's 18-year history affected staffers at e...
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Facebook Parent Meta to Cut 11,000 Jobs; Mark Zuckerberg Says ‘I Got This Wrong’
9Nov By adminNo Comments
Technology

Facebook Parent Meta to Cut 11,000 Jobs; Mark Zuckerberg Says ‘I Got This Wrong’

[ad_1] Facebook parent Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs. Facebook parent Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant's history.The reductions, equal to about 13% of the workforce, were disclosed Wednesday in a statement. The company will also extend its hiring freeze through the first quarter. “I want to take accountability for these decisions and for how we got here,” Zuckerberg said in the statement that was sent to Meta employees and posted on the company's website. “I know this is tough for everyone, and I'm especially sorry to those impacted.” The company said that while reductions ...
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