Meta Platforms will let go of 13% of its workforce, or more than 11 000 employees, in one of the biggest tech layoffs this year
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Meta Platforms is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported.
Mark Zuckerberg’s apparent willingness to stomach such losses is a sign of his faith in the metaverse. Investors aren’t as confident.
Investors are facing a make or break week for some of Wall Street’s most influential technology stocks.
Mark Zuckerberg unveiled his company’s newest virtual reality headset on Tuesday, the Meta Quest Pro, the CEO’s latest foray into the world of high-end VR devices.
Meta Platforms said it would notify roughly a million Facebook users that their account credentials may have been compromised.
Meta’s Nick Clegg said the company would become “the greatest industrial-scale censor ever in human history” if it removed too much content from its platforms.
Meta Platforms was sued for allegedly building a secret workaround to safeguards that Apple launched last year to protect iPhone users.
Meta Platforms CEO Mark Zuckerberg is targeting a much larger business opportunity for WhatsApp related to commerce and payments, especially in emerging markets.
Facebook parent company Meta Platforms is building a customer service division to help users who have had posts or accounts removed unexpectedly.