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The Latest Breaking News on Tech

Facebook Parent Meta Prepares For Large-scale Layoffs This Week

Facebook parent Meta is preparing for large-scale layoffs this week which is expected to affect many thousands of its workforce. Read on for Details:

Dynamite News

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

The Guardian - AU

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.

Tribune News Service

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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

The Independent UK

Employers are now ‘ghosting’ applicants in tight labor market – and that’s not all bad

It’s rude to end a relationship in radio silence, but it provides insight into a company’s culture and how it treats its employees

The Guardian - US

Recession Ireland: Top economist makes grim prediction about Dublin's tech 'dream'

Twitter and Stripe, the online payment company, shed a significant number of their staff this week

Dublin Live

Why Meta's share price collapse is good news for the future of social media

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its…

The Conversation

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Salesforce, Atlassian And 2 Other Stocks Insiders Are Selling

Gold futures traded sharply higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Leo Varadkar says tech firms may have 'expanded too quickly' amid Twitter job cuts

“I’d like to express my sympathy to those people who are going to get bad news today"

Irish Mirror

A question of judgement: Lessons for independent media from the Meta-Wire affair

The Meta-Wire affair, as it has come to be called, has thrown up many questions that touch on editorial processes, the survival of independent media, and the response of the state to criticism.

Newslaundry

Stripe founders admit they ‘overhired’ as redundancies loom for staff

The tech company is owned by Irish brothers Patrick and John Collison and has 600 Dublin employees

Dublin Live

Jeff Bezos sued by former housekeeper over working conditions at Seattle mansion

Mercedes Wedaa filed lawsuit against Amazon billionaire in King County Superior Court

The Independent UK

Ex-housekeeper sues Jeff Bezos, claims discrimination

A former housekeeper for Amazon founder Jeff Bezos says she and other employees suffered unsafe working conditions that included being forced to climb out a laundry room window to get to a bathroom

The Independent UK

Michael Hiltzik: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power

Back in the prehistoric era — in 2012, when Facebook staged one of the most hyped initial public stock offerings of all time — I warned the company's newly minted shareholders that they had become wedded to Mark Zuckerberg.

Los Angeles Times

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Zenger

Video Game Market Sees Another Unexpected Entry As TikTok Follows Netflix’s Steps

“TikTok and Gaming were made for each other”, said a gaming industry giant.

The Independent UK

Microsoft extends aid for Ukraine's wartime tech innovation

Ukraine is counting on more Western technological support as its war against Russia drags on, with Microsoft pledging to extend its backing for Kyiv through the end of next year

Daily Mirror

Imran Khan shot: Ex-Pakistan PM and cricket legend hit in leg in assassination attempt

Unidentified assailants opened fire on cricket legend Imran Khan's container truck during a political march and he was shot in the leg in what his supporters say was an assassination attempt in Punjab, Pakistan

The Guardian - UK

Tech firms becoming ‘too big to govern’, says Uber whistleblower

Mark MacGann says governments losing battle to regulate big tech and calls for more insiders to expose corruption

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Bangkok Post

Meta and TAT offer new vision of tourism

Facebook parent Meta has joined forces with the Tourism Authority of Thailand (TAT) to introduce "Rediscover Thailand", which features augmented reality (AR) experiences for the country's tourist attractions.

Benzinga

EXCLUSIVE: Meta Bear, Meta Bull Go Head-To-Head Over Social Media Stock

Meta Platforms Inc (NASDAQ: META) slumped 24.5% last week on the heels of its earnings report as investors digested the miss, and weak fourth-quarter outlook.

Benzinga

Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish

Tigress Financial Partners is aware of Meta Platforms Inc.'s (NASDAQ:META) ongoing ad-revenue headwinds as a result of economic uncertainty, as well as a recent change in Apple Inc.'s privacy rules, but the firm sees deep value in the company.What Happened: Tigress Director of Research Ivan Feinseth said a note to…

The Guardian - UK

Mark Zuckerberg’s metaverse is a joke not shared by investors

Meta’s share price is down 73% in 2022 but Facebook investors can’t force the boss to change course

Manchester Evening News

How to make money from Instagram

Five ways to earn some extra cash with Meta’s photo sharing app

Los Angeles Times

Commentary: The Supreme Court could upend the internet. How?

This fall the Supreme Court marked a turning point in the history of the internet. The court agreed to consider Gonzalez v. Google, its first case interpreting Section 230 — a once-obscure statute that is now widely credited for having “created the internet” and is debated by politicians on both…

The Independent UK

China closes zone around iPhone factory after virus cases

Access to an industrial zone in the central Chinese city of Zhengzhou has been suspended after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks

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Siddharth Varadarajan

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