Meta to cut 10,000 jobs in second round of layoffs
14 March 2023 | 6:10 pm
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.
April 4, 2023
Talking Europe speaks to the European Commissioner for Jobs and Social Rights, Nicolas Schmit. With anger growing in France about the government's push to increase the retirement age from 62 to 64, and the EU facing an ongoing cost-of-living crisis, his portfolio is very much in the spotlight – including recommendations to encourage a Minimum Income for all.
The bank is looking to trim down after the bloating caused by the merger of the two Swiss banking rivals. More than 10,000 jobs are on the chopping block in Switzerland alone.
Lebanon's economic meltdown has plunged most of the population into poverty. It's now also threatening the country's security. As the currency has plummeted to new lows in recent months, salaries too have fallen, as prices rise. To make ends meet, soldiers are being forced to take on second jobs, or even desert their ranks.
The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies.
In the city of Antakya in southern Turkey, which was heavily damaged by the devastating February 6 twin earthquakes, the Turkish government has made an ambitious pledge: to rebuild – better – in a year. But residents there remain sceptical. Not only do homes need rebuilding, but those who live there must have jobs to return to as well. Our correspondents Shona Bhattacharyya, Ludovic de Foucaud and Hussein Assad report from the quake-damaged region.
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Meta started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles.
Brazilian nurses make more money working in Germany, but are afforded less responsibility and recognition than at home. Three women spoke with DW about their experiences.
Facebook owner Meta had challenged the 2019 finding of Germany's anti-monopoly watchdog, which ordered the firm to get consent from users for data collection. The ruling could imperil the position of other tech giants.
Twitter has said Meta's new Threads app uses stolen trade secrets and intellectual property. Threads has attracted tens of millions of users in just 24 hours.
Tech companies shed more than 386,000 jobs last year and in the first half of this year, according to Layoffs.fyi. That number is climbing. But while layoffs have taxed workers, a booming artificial intelligence market is giving the industry a renewed sense of optimism.
A new report by the UN's International Labor Organization found that AI can help with certain duties rather than take over entire jobs. However, clerical workers remain exposed to full automation.
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