Tag: Meta Platforms layoffs

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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Meta oversight board urges changes to VIP moderation system
6Dec By adminNo Comments
Technology

Meta oversight board urges changes to VIP moderation system

[ad_1] Facebook parent Meta's oversight board said that an internal system that exempted high-profile users from some or all of its content moderation rules needs a major overhaul. Facebook parent Meta's quasi-independent oversight board said Tuesday that an internal system that exempted high-profile users, including former U.S. President Donald Trump, from some or all of its content moderation rules needs a major overhaul. The report by the Oversight Board, which was more than a year in the making, said the system “is flawed in key areas which the company must address." The board opened its review after The Wall Street Journal reported last year that it was being abused by many of its elite users, who posted material that would result in penalties for ordinary people, including ...
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Meta Gives Regulators a New Reason to Bite
24Nov By adminNo Comments
Technology

Meta Gives Regulators a New Reason to Bite

[ad_1] The company appears not to know the full extent of what its systems do with users’ data. That could be a problem. For all the difficulties that Meta Platforms Inc. is going through with declining ad revenues, higher costs related to its risky investment in the metaverse and its first major restructuring, the company has been relatively lucky with privacy regulators.It has avoided the most detrimental fines under Europe's main privacy law, known as the General Data Protection Regulation or GDPR, despite making billions of dollars from being one of the world's biggest processors of personal data. But that luck may be about to run out. Meta looks like it could struggle to comply with the European Union's upcoming antitrust law, which prohibits data combination and reuse. In a rece...
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How Singapore tech layoffs are impacting Indians
14Nov By adminNo Comments
Technology

How Singapore tech layoffs are impacting Indians

[ad_1] Based on 2021 Singapore Ministry of Manpower figures, about a quarter of the 177,100 employment pass holders or around 45,000, are from India. Meta, the parent company of Facebook, has announced that it was laying off about 11,000 employees, or 13 per cent of its global workforce. It's the first mass redundancy exercise for the 18-year-old social media behemoth.Its Asia-Pacific headquarters in Singapore was not spared. Media reports speculated that out of the estimated 1,000 employees here, perhaps up to 100, have been affected, majority of whom are tech workers including software engineers. Based on 2021 Singapore Ministry of Manpower figures, about a quarter of the 177,100 employment pass holders or around 45,000, are from India. Employment pass holders are the highest qualif...
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Facebook Parent Meta LayOffs Set To Start, WSJ Says
7Nov By adminNo Comments
Technology

Facebook Parent Meta LayOffs Set To Start, WSJ Says

[ad_1] Facebook parent Meta Platforms is planning to begin layoffs that will affect thousands of workers from this week, Wall Street Journal reported. Facebook parent Meta Platforms Inc. is planning to begin layoffs that will affect thousands of workers from this week, Wall Street Journal reported, citing people with knowledge of the matter. The job cuts could come as early as Wednesday, the newspaper said. The company has already told employees to cancel non-essential travel from this week, according to the report. Chief Executive Officer Mark Zuckerberg in September outlined plans to reorganize teams and reduce headcount for the first time, following a sharp slowdown in growth at the parent of Facebook and Instagram. Zuckerberg said then that Meta will likely be smaller in 2023...
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