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Facebook Parent Meta Trims 13% of Workforce, Citing Lack of Post-Pandemic Growth

9 November, 2022

"I got this wrong, and I take responsibility for that," Mark Zuckerberg writes in a memo to staff announcing a reduction of 11,000 employees.

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Meta Joins Chorus of Tech Giants Feeling Advertising Pinch in Q3 as Net Income Falls 52%

27 October, 2022

The parent of Facebook and Instagram did, however, see its total daily active user base rise by 4 percent in the quarter to 2.93 billion.

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