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FOUND: 89 - You Need To See This

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

The Guardian - UK

Microsoft to invest at least $1 billion in North Carolina county

CHARLOTTE, N.C. — Microsoft is investing at least $1 billion in Catawba County by building four data centers there, local officials announced Wednesday.

Tribune News Service

Bay Area job cuts widen, affecting both tech company and airline workers

SAN JOSE, Calif. — Fresh employment cuts loom over the Bay Area’s uneven economy with a loss of hundreds of jobs due to shifting business needs for an airline and retrenchments for some high-profile tech companies.

Tribune News Service

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Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant’s history.

Tribune News Service

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Benzinga

Google Chrome users told to update app amid warnings of bank accounts being drained

The threat, called Cloud9, allows hackers to steal the information available during the browser session. Hackers can also take control of a device remotely and steal passwords as well as credit card data

Daily Mirror

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

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Workforce Down, Stock Price Up: Here's What's Going On With Meta Platforms

Meta Platforms Inc (NASDAQ: META) gapped up about 4% higher on Wednesday and continued to spike intraday, trading up over 6% in the afternoon.

Benzinga

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Tribune News Service

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune

Tech & Science Daily podcast: Zuckerberg fires 11,000 Meta employees

Plus, the crypto market is rocked

Evening Standard

Mark Zuckerberg Takes Blame As Meta Lays Off 13% Of Workforce, Elon Musk's Tesla Stock Sale May Not Sit Well With Investors, Netflix Eyes Sports Leagues: Top Stories Wednesday, Nov. 09

Benzinga

Facebook and Instagram owner Meta makes major staff cuts letting 11,000 workers go

Facebook founder Mark Zuckerberg told staff: “I got this wrong and I take responsibility for that.”

Manchester Evening News

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Irish Mirror

Facebook layoffs: Hundreds of Irish jobs at risk as Meta confirms cuts worldwide

In a message earlier on Wednesday, Mark Zuckerberg informed the public that that the company will reduce the size of the global workforce by about 13%.

Dublin Live

Meta layoffs: Facebook and Instagram parent company to slash tens of thousands of jobs

The multinational giant is set to let go 13% of its workforce

Daily Mirror

Facebook, Instagram and WhatsApp slash more than 11,000 jobs in mass cull

Meta founder and chief executive Mark Zuckerberg said the cuts were "some of the most difficult changes" he has made in his company's history

WEKU

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

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The Independent UK

Facebook parent company Meta laying off 13% of employees

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes

Evening Standard

Mark Zuckerberg fires 11,000 Meta employees after telling staff ‘I got this wrong’

Affected employees were locked out of Meta systems but were allowed access to their email accounts ‘so everyone can say farewell’

Axios

Facebook parent Meta laying off more than 11,000 workers

It's Meta's biggest round of layoffs in its history.

Wales Online

Facebook and Instagram to let 11,000 staff go

It is a 13% cut in Meta's global workforce

The Guardian - US

Colorado gig drivers make an average of just $5.49 an hour, study finds

Although the report focuses on drivers in Denver, gig worker drivers across the US face similar issues, experts say

Irish Mirror

Facebook assures Irish Government it will follow redundancy laws after job cuts announced

On his way into Cabinet on Tuesday morning, Mr Varadkar, who is the Minister for Enterprise, said that Meta has to inform its shareholders and employees before the Government.

The Independent UK

Mark Zuckerberg ‘accountable’ as Meta prepares to cut thousands of jobs

The company’s stock price has fallen by 70 per cent this year

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People

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