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Meta Set to Layoff Thousands of Employees This Week (Report)

Twitter isn’t the only social media platform that’s going through major restructuring.

Meta, the parent company of Facebook, WhatsApp and Instagram, may begin “large-scale layoffs” as soon as Wednesday (November 9), according to new reports.

The layoffs are expected to impact “thousands” of employees via WSJ, and would be the first “major headcount reduction” in the company’s history.

The company currently has over 87,000 employees.

“In 2023, we’re going to focus our investments on a small number of high priority growth areas. That means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today,” Mark Zuckerberg said of the company last month.

Meta shares fell 73% this year, the lowest since early 2016.

Find out who the richest stars of 2022 are.

The news also comes at the same time as Elon Musk restructures Twitter, quietly asking some employees to return after a big layoff round.

Find out what other changes are happening to Twitter now…

Top 10 Most Visited Sites of 2021 Revealed - Google Surprisingly Isn't Number One!

The most popular websites in the world have just been announced!

The Top 10 most visited sites were unveiled by storage software company Cloudflare, and the technology firm, which tracks online activity, revealed some surprising results.

One website surpassed Google for the first time as the most popular site on the Internet!

Some of the sites include social media services, search engines and streaming platforms for movies and television, as well as chat services.

Search results for the year have also been revealed recently, and the top trending actor of 2021 had a pretty controversial year.

Find out the Top 10 most visited sites of 2021…

Facebook Is Changing Its Name - See What It Will Be Called Going Forward!

Facebook is changing its name to Meta!

Facebook CEO Mark Zuckerberg made the announcement at Connect, the company’s annual conference.

Click inside to read more…More Here! »

There's a Major Rumor That Facebook Is Rebranding & Changing Its Name

A new, unconfirmed report has emerged and is spreading all over the Internet about Facebook.

Apparently, as soon as next week, the famed social media site is planning to change its name, according to this unsubstantiated report that is now causing a lot of chatter online.

Click inside to find out why…More Here! »

Here's How Much Money Mark Zuckerberg Lost During the Facebook Outage, Plus Read His Apology

It wasn’t a good day for Mark Zuckeberg and his company Facebook… and he has apparently lost a lot of money because of it.

The 37-year-old Facebook co-founder and CEO lost a big chunk of his personal wealth after the company’s stock took a hit on Monday (October 4).

The bad news for Facebook started when a whistleblower came forward with internal documents that claimed the company knew about issues with their products, but downplayed them to the public.

Then, Facebook and Instagram suffered an hours-long outage in which users were unable to log onto either platform.

Click inside to find out who much money he lost… More Here! »

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Facebook, Instagram & WhatsApp Experience Widespread Outage

Facebook, Instagram and WhatsApp are offline.

Deadline writes that the social media services have been affected in the U.S. as well as several other countries based on data from DownDetector and other monitors.

Click inside to find out more about the outage…More Here! »

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CT Senator Goes Viral for Asking Facebook to Commit to 'Ending Finsta'

A U.S. Senator is going viral for his misunderstanding of finstas, otherwise known as “fake Instagrams” or secondary private Instagram accounts.

Facebook’s global head of safety Antigone Davis appeared for a congressional hearing on Thursday (September 30) following reports from The Wall Street Journal alleging that the company was aware Instagram is “toxic” for teen girls.

Click inside to read more…More Here! »