x

Society

Facebook Parent Meta Slashes Another 10,000 Jobs

Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

The company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May.

“This will be tough and there’s no way around that,” said CEO Mark Zuckerberg. “It will mean saying goodbye to talented and passionate colleagues who have been part of our success.”

The Menlo Park, California, company has invested billions of dollars to realign its focus on the metaverse. In February it posted lower fourth-quarter profit and revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.

The company announced 11,000 job cuts in November.

“As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing jobs — and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision,” said Zuckerberg.

In premarket trading, Meta shares rose 3.7%.

RELATED

A Connecticut state trooper who killed a 19-year-old man while firing seven gunshots into a stopped car in 2020 is set to stand trial for manslaughter.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Fire Breaks Out at Apartment Building Near the Offices of The National Herald (Vid & Pics)

LONG ISLAND CITY, NY – A fire broke out in an apartment building about a block from the offices of The National Herald in Long Island City on February 21.

A Connecticut state trooper who killed a 19-year-old man while firing seven gunshots into a stopped car in 2020 is set to stand trial for manslaughter.

LONDON (AP) — Whales sing loud enough that their songs travel through the ocean, but knowing the mechanics behind that has been a mystery.

SAKHIR, Bahrain (AP) — Team principal Christian Horner was with Red Bull as Formula 1 preseason testing began Wednesday even as he faces an ongoing investigation by the team's parent company into an alleged claim of misconduct.

The new rule that rendered Philadelphia’s Joel Embiid ineligible for a second consecutive NBA MVP award because he’s missing too many games has the potential to create something the league hasn’t seen in almost two decades.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.