Meta is reportedly readying layoffs that will impact its flagship social media platforms. The company told managers to be prepared for layoff announcements Wednesday (April 19), with the cuts affecting Facebook, Instagram and WhatsApp, Bloomberg News reported, citing an internal company memo. According to the...
Meta is expanding its Instagram gift program to draw more creators to the platform. The social media company launched the gift feature last year to give creators a way to earn money from fans of their Reels, the short-form video function on Instagram and Facebook....
Meta plans to lay off another 10,000 employees after cutting 11,000 jobs in November. The company will also freeze hiring for another 5,000 roles that had been open, Meta CEO Mark Zuckerberg said in a Tuesday (March 14) post on the company’s website. These additional...
Meta is reportedly planning multiple rounds of job cuts that could match last year’s layoffs. The cuts could come over the next few months and would be at the same level as the 13% reduction of the social media giant’s workforce announced last year, The...
Meta is reportedly preparing to cut thousands of jobs in another round of layoffs. The workforce reduction could come as soon as this week, Bloomberg News reported Tuesday (March 7), citing sources familiar with the matter. The layoffs follow a 13% cut in November, the...
Meta will begin testing a paid verification service for creators on Facebook and Instagram. The social media giant announced the launch of Meta Verified on Sunday (Feb. 19), saying it would begin testing the $12 per month service in Australia and New Zealand before bringing...
Meta CEO Mark Zuckerberg’s “year of efficiency” is reportedly off to a rocky start. The company has delayed the budgets for several of its teams while planning a new round of layoffs, two employees with knowledge of the situation tell the Financial Times (FT). The...
With Meta’s battered stock doubling in the past 3 months, it’s not all about the money-losing metaverse anymore. This, as shares of Meta Platforms jumped over 20% in early trading Thursday after reporting that it is seeing more engagement with its apps, and sees potential...
Mark Zuckerberg’s expensive pivot toward building a virtual world continues to be just that — expensive. “None of the signals I see in today’s environment lead me to believe we should shift the Reality Labs (RL) strategy long-term,” the social media CEO said Wednesday (Feb....
