1 day ago · It is unclear how many people will be affected by the layoffs, but in September 2024, Meta employed around 72,000 people, so a 5% reduction could reduce staff by roughly 3,600 jobs, Bloomberg ...

1 day ago · Meta began mass layoffs on employees across the world Monday. The company, which owns Facebook , is letting go of thousands of workers as it prepares to hire a round of machine learning engineers ...

1 day ago · Meta aims to reach 10% "nonregrettable attrition" by combining these cuts with previous departures. For example, if a team had 5% attrition in 2024, managers would need to identify another 7% to ...

1 day ago · Meta Platforms previously disclosed plans to eliminate just under 5,200 jobs in the Bay Area through multiple rounds of layoffs in 2022 and 2023, according to WARN notices on file with the state ...

Jan 14, 2025 · Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.

Walt Disney Co. DIS 0.04% has eliminated its next-generation storytelling and consumer-experiences unit, the small division that was developing metaverse strategies, according to people...

Mar 28, 2023 · Disney is cutting its metaverse division as part of the layoffs set to begin this week, CNBC has confirmed. Disney, like most companies in 2021, hopped on the metaverse hype …

Mar 27, 2023 · Walt Disney Co. has eliminated its metaverse division as part of staff cuts that promise to reduce head count by around 7,000 across the company over the next two months, reports The Wall Street...

Mar 28, 2023 · The shutdown of Disney’s metaverse group came Monday with the first wave of the company’s move to slash 7,000 jobs under interim CEO Bob Iger, which is part of its attempt to reduce $5.5 billion...

Mar 28, 2023 · Bob Chapek’s metaverse dream is dead at Disney. The entertainment giant shuttered its nascent metaverse division as part of Monday’s layoffs, The Hollywood Reporter has confirmed.