Meta to lay off nearly 8,000 employees; Singapore staff first to be notified
The parent company of Facebook, Meta Platforms Inc., is set to lay off nearly 8,000 employees and has begun alerting thousands of staff members about the job cuts.
The parent company of Facebook, Meta Platforms Inc., is set to lay off nearly 8,000 employees and has begun alerting thousands of staff members about the job cuts.
“In accordance with the joint venture agreement, Reliance Intelligence will hold 70% and Facebook will hold the balance of 30% in REIL,” according to the filing.
The temporary suspension of Samajwadi Party president Akhilesh Yadav’s official Facebook account has sparked outrage among party leaders who accused the BJP of attempting to “suppress the opposition’s voice.”
Social media giant Meta has apologised after its automatic translation tool erroneously declared Chief Minister Siddaramaiah dead while translating a condolence message posted by the Karnataka CMO in Kannada on Facebook.
The Haryana Government has suspended mobile internet services (2G/3G/4G/5G/CDMA/GPRS), bulk SMS (excluding banking and mobile recharge), and all dongle services provided on mobile networks, except voice calls, in the jurisdiction of Nuh district.
The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard.
Meta has reportedly fired or disciplined over two dozen employees for hijacking Facebook and Instagram accounts over the past year. According to The Wall Street Journal, some offenders used Meta's account recovery software, "Oops," and even took thousands of dollars in bribes from those seeking access.
Meta (formerly Facebook) on Thursday announced the appointment of Sandhya Devanathan as the Vice President of Meta India, as several key executives leave the company in recent days. She will start her new role on January 1, 2023, and will report to Dan Neary, Vice President, Meta APAC.
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people familiar with the matter.
Meta's top executive Amin Zoufonoun, who led Facebook's acquisitions of Instagram, WhatsApp, and Oculus, has confirmed that he is leaving the tech giant after 12 years.
