Tag Archives: Layoffs

Just months after Meta laid off 11,000 employees, there are signs the company could be preparing for another wave of cuts. The parent company of Facebook and Instagram has reportedly ranked thousands of employees as “subpar” in a recent wave of performance reviews. And that’s raising fears among workers that …

Thousands of workers at Facebook parent Meta reportedly didn’t get a like from Mark Zuckerberg on their performance reviews — an ominous sign that more layoffs are in the offing. The tech company, which also owns WhatsApp and Instagram, gave some 7,000 employees, or 10% of Meta’s workforce, subpar reviews, …

Apple – which thus far avoided the mass layoffs that have claimed tens of thousands of workers at Amazon, Google, Meta and Microsoft – has quietly begun axing contractors, On The Money has learned.  According to people with direct knowledge, the iPhone maker over the past few days has started …

Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday, which would add the lender to a growing list of Wall Street firms that have reduced their workforce in recent months. The number of cuts, which are still being discussed, could affect less than 200 bankers globally, the report added …

Facebook parent Meta is boosting its spending on personal security for Mark Zuckerberg by $4 million this year – even as he touts a “year of efficiency” at the company following major layoffs. Meta increased its pretax spending on Zuckerberg’s security to $14 million in 2023, up from $10 million …