Tag: Meta

International Technology

Facebook Parent Meta Platforms Inc. Is Cutting Jobs For These Reasons

HT News

Meta Platforms Inc. follows Twitter in job cuts. The Facebook parent company initiated work on widespread job cuts on Wednesday. According to insiders, Mark Zuckerberg took the drastic step after disappointing earnings and a sharp drop in revenue.

HIGHLIGHTS

• Meta job announces job cuts for the first time after its inception in 2004
• About 10% of Meta employees are expected to be affected by the job cuts
• Mark Zuckerberg had already updated his team about the job cuts in September

What Are The Reasons Given For Job Cuts By Meta Platforms Inc.?

When Mark Zuckerberg warned employees in late September about his intentions to slash expenses by restructuring teams, the company was already reeling struggling to improve its revenue from digital advertising. The fear of economic recession also forced Mark Zuckerberg to take this drastic step. Insiders also say that Zuckerberg needs more funding for his speculative virtual-reality push called the Metaverse.

How Did The Job Cut Start In Meta Platforms Inc.?

Job Cut Start In Meta Platforms Inc.

The Menlo Park, California-based company implemented a hiring freeze saying that the CEO Mark Zuckerberg wants a smaller team in 2023. On Tuesday, Zuckerberg told the executives to prepare for job cuts. The Wall Street Journal reported Mark Zuckerberg said that he was accountable for the company’s missteps during the executive call.

What Did Mark Zuckerberg Say To Executives?

He said that the company basically grew quickly every year for the first 18 years, and then more recently their revenue had been flat to slightly down for the first time. So they had to adjust. Meta Platforms Inc. owns Instagram and Whatsapp as well and employs more than 87,000 people as of September.

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International News & Politics

Hashtags #Bucha And #Buchamassacare No Longer Trending On Facebook And Instagram

HT News

Hashtags related to civilian deaths in northern Ukraine will no longer feature on Facebook and Instagram according to Meta Platforms, the owner of two social media platforms. While Meta Platforms has justified reasons for the action, humanitarian organizations are criticizing the deletion of data.

Highlights:

• Meta Platforms removes violent Ukraine war content from Facebook and Instagram
• Automated systems are activated to block hashtags related to civilian killings
• Facebook and Instagram allow the publication of violent content only to raise awareness but explicit images are deleted
• Meta Platforms stores data only for 90 days but it is looking for ways to preserve the important data

Why Are Hashtags Related To Northern Ukraine Civilian Killings Blocked?

Bodies of civilians shot at close range were discovered in a town seized back from Russian forces. The city is Bucha and the images are titled killings in Bucha. The images are so disturbing that the people have started demanding further sanctions against Moscow. But Russia has clearly denied any accusations of killing the civilian population in Ukraine.

Giving the reason for removal, Meta spokesman Ando Stone wrote on Twitter that the company initiated the process of deleting disturbing images after it came to know about the hashtags #bucha and #buchamassacre.

Northern Ukraine Civilian Killings Blocked

Ando Stone said that Meta Platforms allow the publication of images on its social media sites only for raising public awareness. But the images found disturbing are removed automatically from the platforms. The company owns automated scanning systems that scan Facebook and Instagram for violent images and remove the images that celebrate suffering.

Meta Platforms has also added warning levels to explicit graphic posts containing violent … Read the rest