Democrats say company staff cutbacks are threatening user security, while Republicans maintain that the dispute is over free speech. Source link Source link
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Tag: META
Tech Third-quarter content report shows only one in the top 20 posts qualified as engagement bait Source link Source link
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Facebook’s parent has fired or disciplined more than two dozen employees and contractors over the last year whom it accused of improperly taking over user accounts. Source link Source link
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Business Three senior Meta executives in India have left the company in recent weeks, and the company is changing the office’s reporting structure amid a broad global restructuring Source link Source link
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Business Earnings Chinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link Source link
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Real Estate Retreat is a blow to office market and to many cities, which have relied on sector’s real estate appetite to power growth Source link Source link
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Listen to article (2 minutes) Northwestern University’s Kellogg School of Management is making its own bid for tech talent after mass layoffs at Meta Platforms, Twitter Inc. and other big tech companies. Recently laid-off tech employees can apply to pursue a full-time M.B.A. or other graduate degree next year without submitting standardized test scores, Kellogg […]
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Tech Facebook, Twitter and other firms are slashing jobs, and their leaders’ mea culpas are abundant Source link Source link
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WSJ News Exclusive Tech Review takes a close look at devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show Source link Source link
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Tech Production of Pro devices, a linchpin of iPhone sales, has run into Covid restrictions in China Source link Source link
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Meta Platforms said it would cut 13% of staff, embarking on the company’s first broad restructuring to cope with a slumping digital-ad market and falling stock price. Source link Source link
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WSJ News Exclusive Tech Layoffs are to begin Wednesday morning, CEO Zuckerberg told hundreds of executives on Tuesday Source link Source link
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US media reports that Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, could be the latest technology giant to downsize its workforce have triggered trepidation among its 300-400 employees in India, according to people familiar with the matter. “We have not heard much about the impact (of downsizing) on India. […]
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The social-media giant’s planned cuts are expected to affect many thousands of its workforce, which exceeded 87,000 as of September. Source link Source link
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Intelligent failures in business are based on small bets. Meta bet the farm. Source link Source link
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The ride-hailing giant’s revenue grew 72% from a year earlier to $8.34 billion, while adjusted earnings—which excludes some expenses—hit a record $516 million. Both figures were above Wall Street expectations. Source link Source link
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WASHINGTON—The liability shield and other legal protections that fueled the fortunes of Google, Facebook META 1.29% and other internet giants are facing a long-anticipated day of reckoning—but it is the Supreme Court, and not Congress, that will be calling the shots. That has the tech industry worried that an unfavorable ruling by the high court […]
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LAGUNA BEACH, Calif.—With their valuations and earnings down, and their guidance gloomy, America’s tech companies have entered a phase when they have to be brutally honest with themselves about what really works. This means executives are trimming staff, moonshots and unprofitable distractions. They’re also deciding what to focus on. It’s a transition away from more […]
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With his six-month takeover saga behind him, Elon Musk now takes on the work of righting Twitter Inc.’s ship in what is shaping up as the most tempestuous business environment for social media in the industry’s history. In just the past 10 days, as Mr. Musk’s $44 billion bid careened to the finish, the landscape […]
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A week of earnings by big technology companies has been a rout for investors, as recession fears and the strong dollar hit businesses that were thought to be more resilient. And these industry giants warn more pain is ahead. “It’s just hard to see any points of good news on the horizon,” Intel Corp. INTC […]
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