Articles for tag: facebook, job cut, Mark Zuckerberg, meta, social media

November 9, 2022

ritushar

Meta to cut over 11,000 jobs this year

Meta Platforms Inc said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market, reports Reuters. The mass layoffs, first in Meta’s 18-year history, follow thousands of job cuts at other major tech companies including Elon Musk-owned Twitter and Microsoft Corp. Meta had 87,314 employees as of the end of September. The pandemic-led boom that boosted tech companies and their valuations has turned into a bust this year in the face of decades-high inflation

March 1, 2022

ridowan

Metaverse Meaning and How It Works in 2022

Metaverse Meaning The word “metaverse” was created as a combination of “meta” and “universe” in the 1992 science fiction novel Snow Crash. Various metaverses, such as virtual world platforms like Second Life, have been created for public usage. Integration of virtual and physical locations and virtual economies is common in several metaverse incarnations, as is a keen interest in the advancement of virtual reality technology. A metaverse meanings that it is a collection of 3D virtual environments designed to foster social interaction. It is sometimes defined as a hypothetical iteration of the Internet as a single, worldwide virtual environment that

February 26, 2022

ritushar

Facebook blocks Russian state media outlets from running ads, monetising

Facebook has blocked Russian state media from running ads or monetizing on its platform anywhere in the world as Russia’s invasion of neighboring Ukraine reached the streets of Kyiv, a Reuters report says. Meta, the parent company of social media giant Facebook said on Friday. “We are now prohibiting Russian state media from running ads or monetizing on our platform anywhere in the world,” Meta’s security policy head Nathaniel Gleicher said on Twitter. Keep Reading: Ukraine Seeks South Korea’s Cybersecurity Assistance amid Russia Invasion He further said, “We also continue to apply labels to additional Russian state media and these