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The Latest Breaking News from Meta

Facebook owner Meta to sack 11,000 workers after revenue collapse

Mark Zuckerberg says firm overinvested at start of Covid, adding ‘I got this wrong’

The Guardian - UK

Meta layoffs: Facebook and Instagram parent company to slash tens of thousands of jobs

The multinational giant is set to let go 13% of its workforce

Dublin Live

Facebook, Instagram and WhatsApp slash more than 11,000 jobs in mass cull

Meta founder and chief executive Mark Zuckerberg said the cuts were "some of the most difficult changes" he has made in his company's history

Daily Mirror

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Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

WEKU

Facebook parent company Meta laying off 13% of employees

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes

The Independent UK

Mark Zuckerberg fires 11,000 Meta employees after telling staff ‘I got this wrong’

Affected employees were locked out of Meta systems but were allowed access to their email accounts ‘so everyone can say farewell’

Evening Standard

Facebook parent Meta laying off more than 11,000 workers

It's Meta's biggest round of layoffs in its history.

Axios

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Facebook and Instagram to let 11,000 staff go

It is a 13% cut in Meta's global workforce

Wales Online

Facebook assures Irish Government it will follow redundancy laws after job cuts announced

On his way into Cabinet on Tuesday morning, Mr Varadkar, who is the Minister for Enterprise, said that Meta has to inform its shareholders and employees before the Government.

Irish Mirror

Miriam O’Callaghan admits High Court case was ‘stressful’ for family members

The Prime Time presenter sued Meta for using her image in false advertisements

Dublin Live

Mark Zuckerberg ‘accountable’ as Meta prepares to cut thousands of jobs

The company’s stock price has fallen by 70 per cent this year

The Independent UK

Facebook under fire for refusing to mark election video as misleading

Twitter marked the video as being “presented out of context”

The Independent UK

Why the Oculus Rift inventor made a VR headset that can kill you

Palmer Luckey, the creator of the original Oculus Rift VR headset, made a modified Quest Pro that can physically harm you if you lose in a game.

Inverse

Want social media companies to step up their election game? Give them a financial reason

Researchers are sounding alarms about disinformation ahead of Tuesday’s midterms, but social media consumers are voting with their eyes.

Fortune

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Fortune

Why leaders bury their heads in the sand when faced with uncomfortable facts

Adidas executives, Mark Zuckerberg, and Elon Musk have one thing in common: they behave like an ostrich–and so do you, according to behavioral science.

Asharq Al-Awsat

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

The Guardian - AU

Tech giants and business warm to Labor’s privacy bill but point to flaws in drafting

Business Council of Australia warns of ‘unintended drafting error’ in privacy bill

Irish Mirror

Taoiseach and Tánaiste says country will regroup amid tech job layoffs due at Meta and Twitter

Mr Martin was speaking after two major tech employers in Ireland, Twitter and Stripe last week announced hundreds of imminent job losses

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news in one place.

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Fortune

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

The Facebook and Instagram can cut costs without undermining its core metaverse ambitions.

Dublin Live

Facebook parent company Meta planning to slash thousands of jobs

Fears are growing for the 6,000 Irish workers who work in the company's European headquarters in Dublin

Irish Mirror

Claim Meta on verge of large-scale job cuts, as 3,000 Irish employees may be at risk

The news comes just a short time after Elon Musk laid off thousands of Twitter employees via email

The Guardian - AU

Afternoon Update: Twitter bans impersonators; Crown fined $120m; and billionaires polluting the planet

Elon Musk says he is still committed to free speech despite account bans. And Scott Morrison gets a warning from the attorney general

The Guardian - AU

Facebook’s parent Meta prepares to slash thousands of jobs – reports

Layoffs come after $80bn wiped off company’s market value last month amid global economic downturn

Tribune News Service

Meta reportedly to start laying off thousands of staff this week

Meta Platforms Inc. is planning to begin layoffs this week that will affect thousands of workers, The Wall Street Journal reported, citing people with knowledge of the matter.

The Independent UK

Facebook parent Meta preparing to announce large-scale layoffs this week, report says

The company posted weak results and saw a dramatic fall in its share price over 2022

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Tanaiste Leo Varadkar

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