Meta Platforms Inc., owner of Facebook, Instagram, and WhatsApp, slashed jobs across its business and operations units on Wednesday as part of a plan announced last fall to eliminate 10,000 jobs in the course of a broader restructuring program. Dozens of Meta employees from enterprise engineering, marketing, corporate communications, site security, program management, and content…
Facebook Owner Meta Slashes Business Operations Staff in Final Round of Mass Layoffs
May 25, 2023
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Tech Layoffs in 2023 Near 150,000 Mark as Amazon, Facebook Shed Thousands More Employees
The technology industry is continuing to lay off thousands of employees, and is approaching 150,000 employees lost in the first three months of 2023. The e-commerce and streaming giant Amazon announced layoffs of 9,000 employees on Monday. Meta, which owns Facebook and Instagram, announced 10,000 job cuts a week earlier, on March 14. As of…
LIVE 5 PM ET: NTD Business (March 14): Meta to Lay Off 10K More Workers; DOJ, SEC Investigating SVB Financial Group: Report
U.S. agencies are reportedly investigating the collapse of Silicon Valley Bank—including stock sales days before the bank failed. We take a deep dive on how the bank’s fall is affecting the startup community. Meta plans another enormous round of layoffs. How many jobs did it cut this time? Inflation slowed down slightly last month after…
LIVE 5 PM ET: NTD Business (March 14): Meta to Lay Off 10,000 More Workers; DOJ, SEC Investigating SVB Financial Group: Report
U.S. agencies are reportedly investigating the collapse of Silicon Valley Bank—including stock sales days before the bank failed. We take a deep dive on how the bank’s fall is affecting the startup community. Meta plans another enormous round of layoffs. How many jobs did it cut this time? Inflation slowed down slightly last month after…
NTD Business (March 14): DOJ, SEC Investigating SVB Financial Group: Report; Meta to Lay Off 10,000 More Workers
U.S. agencies are reportedly investigating the collapse of Silicon Valley Bank—including stock sales days before the bank failed. We take a deep dive on how the bank’s fall is affecting the startup community. Meta plans another enormous round of layoffs. How many jobs did it cut this time? Inflation slowed down slightly last month after…
LIVE 5 PM ET: NTD Business (Nov. 9): Georgia Senate Race Headed to Runoff; Meta Lays Off 13% of Its Workforce
Control of the Senate in the balance, as several key races are still too close to call. It’s possible that we won’t know the answer until December. The founder of crypto exchange platform FTX loses nearly all of his $16 billion fortune. Meanwhile, rival firm Binance abandons an attempt to save him. Meta has their largest…
NTD Business (Nov. 9): Georgia Senate Race Headed to Runoff; Meta Lays Off 13 Percent of Its Workforce
Control of the Senate is in the balance, as several key races are still too close to call. It’s possible that we won’t know the answer until December. The founder of crypto exchange platform FTX loses nearly all of his $16 billion fortune. Meanwhile, rival firm Binance abandons an attempt to save him. Massive layoffs take…
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