Meta is set to announce another round of layoffs on Monday, as revealed in an internal memo seen by sources familiar with the situation. This decision is part of the company’s ongoing efforts to streamline operations and reduce costs in response to a changing digital advertising landscape and increased investments in artificial intelligence. The memo, shared with senior management, suggests that the layoffs will impact several departments, although the specific number of employees affected is still unclear. In recent years, Meta has implemented multiple workforce reductions, with CEO Mark Zuckerberg…
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Google has decided to eliminate its diversity-based hiring targets
Google has announced that it will no longer pursue its diversity-based hiring targets and is reevaluating its Diversity, Equity, and Inclusion (DEI) initiatives. This move is in line with similar decisions made by major U.S. companies like Meta and Amazon, indicating a wider trend of scaling back DEI efforts. In 2020, in response to the George Floyd protests and the Black Lives Matter movement, Google established ambitious goals to boost leadership representation from underrepresented groups by 30% by 2025. However, the company has now opted to abandon these aspirational targets….
Read MoreMeta has reported strong sales, but its cautious outlook has raised some concerns among analysts
Meta Platforms recently reported quarterly sales that surpassed analysts’ expectations, fueled by strong advertising revenue and growth in its Reality Labs division. However, the company’s outlook for the upcoming quarter appears cautious, raising concerns about its ability to sustain this momentum. In the latest earnings report, Meta emphasized significant growth in digital advertising, particularly on its main platforms, Facebook and Instagram. Furthermore, the company’s investments in virtual reality and the metaverse through Reality Labs are showing potential, with increased user engagement and content creation. Nonetheless, CEO Mark Zuckerberg and other…
Read MoreCEOs of Microsoft and Meta defend their investments in AI following the DeepSeek incident.
The CEOs of Microsoft and Meta have openly defended their substantial investments in artificial intelligence following the unexpected success of DeepSeek, an advanced AI technology that has taken the tech world by storm with its remarkable capabilities. DeepSeek, created by a smaller AI startup, made headlines this week after achieving significant breakthroughs in natural language processing and real-time problem-solving that exceeded expectations. This development has sparked intense conversations within the industry about the future of AI and its potential to challenge established tech giants. In response to inquiries about their…
Read MoreMeta has agreed to pay $25 million to settle a lawsuit related to Trump’s actions on January 6
Meta Platforms, the parent company of Facebook and Instagram, has agreed to pay $25 million to settle a lawsuit filed by former President Donald Trump regarding his suspension from the platforms after the January 6, 2021, Capitol riot. In the lawsuit, which Trump initiated in 2022, he claimed that Meta violated his First Amendment rights and stifled conservative voices. Meta defended its actions by citing concerns for public safety and the potential for inciting violence. After years of legal disputes, the tech giant chose to settle instead of prolonging the…
Read MoreMeta AI will now keep information shared on Facebook and WhatsApp to enhance personalization.
Meta has announced a major update to its AI systems, stating that it will now keep track of the information users share through its chatbot services on Facebook and WhatsApp. This change aims to enhance personalization, enabling the AI to better meet individual preferences and needs during conversations. With this update, Meta’s AI will remember the context and details users provide, resulting in a more seamless and customized experience. This improvement is expected to boost the chatbot’s ability to deliver relevant suggestions, reminders, and more effective customer service responses. The…
Read MoreMeta plans to invest $65 billion in technology expansion by 2025.
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to invest as much as $65 billion in capital expenditures (CapEx) this year. This substantial investment highlights Meta’s dedication to enhancing its infrastructure and broadening its reach in advanced technologies such as artificial intelligence, virtual reality, and the metaverse. This CapEx amount reflects Meta’s strategic emphasis on improving its data centers, AI-driven products, and immersive platforms. A considerable share of the funds is anticipated to aid in the development of Meta’s AI infrastructure, which supports essential features…
Read MoreMeta has decided to exclude paid advertisements from the ‘Community Notes’ feature.
Meta has announced that its Community Notes initiative, which allows users to help fact-check organic content on its platform, will not apply to paid advertisements. This means that advertisers won’t be subject to the same community-driven review system that regular user posts undergo. The Community Notes program enables users to provide context and correct misinformation in posts, aiming to enhance the accuracy of information shared on Meta’s platforms, including Facebook and X. However, paid ads will still go through Meta’s internal review processes, following the company’s advertising policies and guidelines….
Read MoreMeta plans to lay off 5% of its workforce, focusing on low performers.
Meta, the parent company of Facebook and Instagram, has announced plans to lay off 5% of its global workforce, focusing on employees deemed low performers. This decision, shared by CEO Mark Zuckerberg, is part of Meta’s ongoing strategy to improve efficiency and streamline operations amid fierce competition in the tech sector. Those affected by this decision are expected to be informed by February 10, following a thorough performance review. Although these layoffs will temporarily reduce the workforce, Meta intends to fill many of the affected positions later this year to…
Read MoreBiden Slams Meta’s “Shameful” Move to Eliminate U.S. Fact-Checking
U.S. President Joe Biden has sharply criticized Meta’s recent choice to end its fact-checking program in the United States, labeling it “shameful.” This decision has sparked worries about the spread of misinformation, especially with the upcoming election cycle on the horizon. Biden’s remarks denounced the action, emphasizing the necessity of accurate information for a healthy democracy. “Fact-checking is essential to safeguard the public from false information, and Meta’s choice erodes the trust in the platforms that millions depend on for news,” he stated. Meta, the parent company of Facebook and…
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