META

OpenCalais Metadata: Ticker

FB

OpenCalais Metadata: LegalName

FACEBOOK, INC.

Meta axes another 10,000 jobs in new round of cuts

Facebook owner Meta announced a fresh wave of job cuts on March 14, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the U.S. tech sector continues to downsize.

In an email to employees, Zuckerberg said Meta would shed 10,000 jobs over the next few months, targeting middle management, and that 5,000 other roles would remain unfilled.

Meta reports fall in sales, but beats expectations

Facebook and Instagram owner Meta on Feb. 1 reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring.

The social media giant said sales dropped one percent to $116.6 billion in 2022, while it also announced that the number of daily users on Facebook hit two billion for the first time.

Trump is back

The decision comes two years after his account was suspended from those social networks following the 2021 attack on the U.S. Capitol, company officials said.

AMBER Alert launched in Slovenia to help find missing children

Roughly 500 people are reported missing in Slovenia each year, about 30% of them are minors. Finding them will now be made easier with the help an alert system launched by the US tech giant Meta in cooperation with the Slovenian police. Slovenia is only the 30th country in the world to use the AMBER Alert tool.

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