2025-01-14
Mark Zuckerberg plans to lay off an additional five percent of Meta's workforce
Meta is preparing for even more layoffs, according to reporting by Bloomberg. CEO Mark Zuckerberg said in a company memo that he plans on cutting about five percent of its "low-performers."
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the memo. “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.”
All told, this could result in 10 percent fewer staf [...]
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2025-03-18
The wildest details in the Facebook memoir Meta is trying to bury
Sarah Wynn-Williams joined Facebook in 2011 when it was very much in its “move fast and break things” era. A former United Nations diplomat, she had aspirations of helping Facebook boost its stand [...]
2025-01-17
Mark Zuckerberg and Sheryl Sandberg want you to know they're still friends and definitely not mad at each other
On Thursday, The New York Times published a lengthy story about the rise in power of Stephen Miller, a longtime loyalist of Donald Trump known for his hardline views on immigration. Normally, a story [...]
2025-01-07
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2025-02-21
Meta approves massive bonuses for executives after broad layoffs
Meta has offered up a lucrative new executive bonus plan, according to a company filing released Thursday. Under the new plan, executives could earn a yearly bonus of 200 percent of their base salary, [...]
2025-02-07
House Democrats press Mark Zuckerberg on Meta’s policy changes
A group of House Democrats are pushing Mark Zuckerberg on Meta’s recent policy changes, saying they are “deeply concerned” about the company’s move to loosen its content moderation rules, end [...]
2025-02-26
The Oversight Board will weigh in on Meta’s new hate speech policies
Less than two weeks before Donald Trump’s inauguration, Meta announced sweeping changes to its content moderation procedures, reportedly at the behest of Mark Zuckerberg and a small group of advisor [...]
2025-04-15
Mark Zuckerberg predicted Meta's antitrust trial in a 2018 email
In 2018, Mark Zuckerberg floated the idea of spinning out Instagram, one of the remedies the Federal Trade Commission (FTC) will likely seek in Meta's antitrust trial that began this week. CNBC r [...]