Meta Restructuring
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Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
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Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report
Meta has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets whereas the other will dedicate its time on hardware wearables.
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Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
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Meta Earnings Better Than Expected After Restructuring Hiccups
Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
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Meta Lays Off Engineers, Adjacent Tech Teams as Employees Express Frustration With Job Cuts
Meta on Wednesday cut more jobs as the Facebook parent firm laid off engineers and adjacent tech teams. The layoffs prompted expressions of frustration from Meta employees, who said the cuts had "shattered the morale and confidence in leadership of many high performers who work with intensity."
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Meta Prepares More Layoffs Across Facebook, WhatsApp, Instagram
Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg's goal of greater efficiency.
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
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Meta Planning Lower Bonus Payouts For Some Employees: Report
Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, as a part of a larger restructuring, the Wall Street Journal reported on Tuesday, citing an internal memo.
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Facebook-Parent Meta’s Antitrust Dismissal Request Shut Down, US Judge Says Case Can Proceed
A federal judge has ruled that the Federal Trade Commission’s revised antitrust suit against Meta, formerly known as Facebook, can proceed, shutting down the social media company’s request for a dismissal.
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Meta Lays Off Employees Across Units, At WhatsApp And Instagram: Report
Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.
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Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report
Meta has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets whereas the other will dedicate its time on hardware wearables.
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Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
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Meta Earnings Better Than Expected After Restructuring Hiccups
Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
-
Meta Lays Off Engineers, Adjacent Tech Teams as Employees Express Frustration With Job Cuts
Meta on Wednesday cut more jobs as the Facebook parent firm laid off engineers and adjacent tech teams. The layoffs prompted expressions of frustration from Meta employees, who said the cuts had "shattered the morale and confidence in leadership of many high performers who work with intensity."
-
Meta Prepares More Layoffs Across Facebook, WhatsApp, Instagram
Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg's goal of greater efficiency.
-
FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
-
Meta Planning Lower Bonus Payouts For Some Employees: Report
Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, as a part of a larger restructuring, the Wall Street Journal reported on Tuesday, citing an internal memo.
-
Facebook-Parent Meta’s Antitrust Dismissal Request Shut Down, US Judge Says Case Can Proceed
A federal judge has ruled that the Federal Trade Commission’s revised antitrust suit against Meta, formerly known as Facebook, can proceed, shutting down the social media company’s request for a dismissal.
