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Wednesday, December 3, 2025
TopicMeta

Topic: Meta

Facebook owner Meta slashes business teams in final round of layoffs

Meta's layoffs followed months of waning revenue growth amid high inflation and a digital ad pullback from the pandemic e-commerce boom.

EU fines Facebook with $1.3 bn for mishandling user info, gives 5 months to stop US data flow

By Padraic Halpin DUBLIN (Reuters) - Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given

Meta plans to lower bonus payouts for some employees, says Wall Street Journal report

Those employees that get a rating of 'met most expectations' in their 2023 year-end reviews will receive a smaller percentage of bonus & restricted stock award due in March '24.

Meta to lay off 10,000 employees in second round of job cuts

The move underscores Zuckerberg's push to turn 2023 into the 'Year of Efficiency' with promised cost cuts of $5 billion in expenses to between $89 billion and $95 billion.

Meta to cut thousands of jobs in fresh round of layoffs, says Bloomberg News report

The report stated the new round of job cuts due this week is being driven by financial targets and is separate from ‘flattening’.

Meta loses bid to end lawsuit that claims theft of confidential information from AI startup

As per lawsuit, Meta hired Neural Magic computer scientist, Aleksandar Zlateski, who gave it algorithms that make up the 'heart' of Neural Magic's technology.

Facebook parent Meta agrees to pay $725 million to resolve Cambridge Analytica scandal case

The lawsuit was prompted by revelations in 2018 showing that Facebook allowed Cambridge Analytica to access data of 87 million users.

‘Big Tech like Google, Meta dominate market’ — Parliament panel bats for ‘Digital Competition Act’

In report tabled Thursday, standing committee on finance emphasized need for strengthening anti-competitive laws to ensure level playing field for smaller digital players.

Lawsuit against Meta for enabling ‘hateful posts’ from Ethiopia on Facebook

The lawsuit says Facebook's recommendations system amplified violent content in Ethiopia & failed to exercise care in training its algorithms to identify dangerous posts.

Meta threatens to remove news from its platforms if US Congress passes media bill

Meta said it 'would be forced to consider removing news' if Congress passes the bill making it easier for news organizations to negotiate with companies like Google and Facebook.

On Camera

My grandmother saved her children in Bhopal gas tragedy—and sacrificed her own life

‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.

India’s Russian oil imports are showing up in cryptic new places. The crude map stands redrawn

December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.

India to commission new squadron of submarine-hunting Romeo choppers in Goa later this month

The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.

Gaali cricket: Bavuma stands tall, India’s Test ego cut to size

The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.