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.
Mark Zuckerberg, CEO of Meta, recently discussed a legal battle in Pakistan, where he was sued over content deemed blasphemous on Facebook, highlighting the challenges posed by differing legal frameworks around the world.
Jesse Eisenberg, who played Mark Zuckerberg in 'The Social Network', distances himself from the Meta chief. He criticizes Meta’s misinformation policies and political ties.
Unlike conventional advertising, digital advertising increases impact by individualising ads while also reducing businesses’ advertising costs. Nobel Laureates Acemoglu and Johnson are not the first to suggest a tax on revenues from digital ads.
By 2016-17, Facebook had designed a business model that aimed at maximising the ‘user engagement’, that is how much time users spent on their platform, and started collecting data on what they liked and shared.
Social media giant Meta received 33,422 reports through the Indian grievance mechanism for Facebook in the month of September, and responded to all of these reports.
