FacebookInstagramTwitterContact

 

People's Representatives Invite People To Traffic Orderly           >>           Grand State Maulidur Rasul Procession In Miri To Involve 7,600 Participants           >>           All Except Three Sabah Districts Record New Infections           >>           Việt Nam Welcomes 1.87 Million Foreign Visitors In First Nine Months, Mostly From Asia           >>           Việt Nam Welcomes 1.87 Million Foreign Visitors In First Nine Months, Mostly From Asia           >>           Attapeu Municipality Flooded           >>           Elon Musk Asked To Provide Satellite Internet For Myanmar Fight Against Junta           >>           PH Ranks 59th At GII 2022, Still Recognized As An ‘Extraordinary Upward Mover’ – DOST           >>           Former KPK Officials To Defend Sambo, Wife Against Premeditated Murder           >>           Lower Electricity Tariffs From October To December After 6 Consecutive Hikes           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:41AM

Subuh

: 04:51AM

Syuruk

: 06:08AM

Doha

: 06:30AM

Zohor

: 12:11PM

Asar

: 03:23PM

Maghrib

: 06:13PM

Isyak

: 07:22PM

 



The Business Directory


 

 



Internet & Media


  Home > Internet & Media


Meta Is Reportedly Cutting Staff And Reorganizing Teams


Arnd Wiegmann / reuters

 


 September 22nd, 2022  |  13:38 PM  |   220 views

ENGADGET

 

Mark Zuckerberg has warned the company is facing "serious times."

 

Meta has begun cutting staff and reorganizing teams in an effort to cut costs, according to a new report in The Wall Street Journal. The company apparently doesn’t want to frame the changes as layoffs, but is reportedly “quietly nudging out a significant number of staffers” as it prepares for more significant cuts.

 

It’s not clear how many Meta employees have been affected so far. According to the report. Meta has been allowing staffers to apply for new jobs within the company, but workers only have a 30-day window to do so. The result, according to The Journal, is that “workers with good reputations and strong performance reviews are being pushed out on a regular basis.”

 

Meta has been signaling for some time that it will reduce staff and cut projects as it deals with shrinking revenue amid what Mark Zuckerberg has described as an “economic downturn.” The CEO warned during the company’s most recent earnings call that Meta would slow hiring and would need to “get more done with fewer resources.”

 

Zuckerberg has recently told employees the company is facing “serious times” and managers have been asked to identify “low performers” to cut. The company has also axed some projects from its Reality Labs division, which has lost $10 billion in 2021. Dozens of Meta contractors employed by an outside firm were also recently told their jobs had been eliminated.

 


 

Source:
courtesy of ENGADGET

by Karissa Bell

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


All Except Three Sabah Districts Record New Infections

 2022-09-30 15:00:05

Abortion: India Supreme Court Says Amended Law To Cover Single Women Too

 2022-09-30 13:39:20

Asian Equities Slide As Global Selloff Deepens: Markets Wrap

 2022-09-30 11:46:49