Meta

Meta Must Face Lawsuit Alleging Preference for Cheaper Foreign WorkersMeta Must Face Lawsuit Alleging Preference for Cheaper Foreign Workers

Meta Must Face Lawsuit Alleging Preference for Cheaper Foreign Workers

The legal system has mandated that Meta Platforms face a class-action lawsuit showing how they use hiring practices that favor…

March 5, 2025
Tech Sector Hit by Nearly 30,000 Layoffs in Early 2025Tech Sector Hit by Nearly 30,000 Layoffs in Early 2025

Tech Sector Hit by Nearly 30,000 Layoffs in Early 2025

RationalFX data reveals 100 tech companies across the world terminated 29,537 jobs during the first three months of 2025. The…

February 28, 2025
Meta Raises Executive Bonuses to 200% Over Layoffs and Cost-Cutting MeasuresMeta Raises Executive Bonuses to 200% Over Layoffs and Cost-Cutting Measures

Meta Raises Executive Bonuses to 200% Over Layoffs and Cost-Cutting Measures

Meta's board authorizes a major executive bonus increase adding 200% on top of base salary which surpasses the previous 75%…

February 21, 2025
Meta Announces 4,000 Layoffs as Part of AI-Driven Restructuring Meta Announces 4,000 Layoffs as Part of AI-Driven Restructuring 

Meta Announces 4,000 Layoffs as Part of AI-Driven Restructuring

Meta announced its layoff of 4,000 employees citing the need to align with its newly increased AI-driven goals. This is…

February 13, 2025
Meta Initiates Performance-Based Layoffs, Targeting 5% of Global WorkforceMeta Initiates Performance-Based Layoffs, Targeting 5% of Global Workforce

Meta Initiates Performance-Based Layoffs, Targeting 5% of Global Workforce

Meta Platforms takes another staffing reduction today by axing 5% of employee positions worldwide through performance-based job cuts. The technology…

February 10, 2025
Meta layoffs: Tech giant layoffs off thousands on performance criterionMeta layoffs: Tech giant layoffs off thousands on performance criterion

Meta layoffs: Tech giant layoffs off thousands on performance criterion

Meta, the parent company of Facebook and Instagram, is planning to lay off approximately 5% of its 72,400-strong staff, according…

January 15, 2025