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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …