Meta cuts 5% of jobs to lose 'lowest performers'
Meta, the owner of Facebook, Instagram and WhatsApp, is preparing to cut about 5% of its global workforce, as the company looks to drop "low performers faster". In a memo to staff, boss Mark Zuckerberg said he had made the decision to speed up the firm's regular performance-based cuts in anticipation of an "intense year".
Meta & Plessey Announce Super Bright, High-efficiency Red MicroLED: an Important Piece in All-day AR
Meta announced in 2020 it was working with UK-based AR display maker Plessey, which was tapped to provide Meta with AR ...
One potential headwind for the stock is the possibility of lower margins and earnings growth in the near term from the planned acceleration in infrastructure expense growth. Analysts are currently ...
Meta Platforms, Inc's Quest Pro is discontinued due to low sales. Quest Touch Pro Controllers still available. Reality Labs ...
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Meta unveils HOT3D dataset for advanced computer vision trainingWhile most humans can innately use their hands to communicate with others or grab and manipulate objects, many existing ...
Meta declined to comment on its smart glasses strategy. But in mid-December, Andrew Bosworth, its chief technology officer, ...
The devices, which start at $299 and are developed by Meta's Reality Labs division, are a relatively affordable gateway to virtual and mixed-reality experiences. They let people watch movies ...
Trump Media & Technology Group (NASDAQ: DJT) and Meta Platforms (NASDAQ: META) represent different ways to invest in the ...
Still, META shares have rallied more than 555% since ... But much of the company’s 2022 loss can be attributed to the Metaverse’s Reality Labs division and spending in that area has been ...
Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on performance management,” according to a memo viewed by The Post.
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