<p>The Australian law, which was passed last year for big tech companies to pay for news content shared on their platforms, has been a success and the authorities should consider extending it further to social media forums such as TikTok and Twitter, a recent government report found.&nbsp;</p>

<p>The world watched the implementation of the law and its impact very closely. The law basically gives power to the government to make internet giants Facebook and Google negotiate content supply deals with media outlets.&nbsp;</p>

<p>The landmark law—News Media Bargaining Code—became a controversy when Facebook removed all news from its Australian platform. But the government report suggests that the law must be extended to other media platforms.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/russia-rejects-joe-bidens-terms-for-ukraine-talks-says-offensive-will-continue-539410">Russia rejects Joe Biden's terms for Ukraine talks, says offensive will continue</a>&nbsp;</strong></p>

<p>The report said, "On the evidence available to the review, at least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations."&nbsp;</p>

<p>"While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date," it added.&nbsp;</p>

<p>The Treasury Department report, which was published late Thursday,&nbsp;stated that the tech firms had signed more than 30 deals with media outlets compensating them for the content which generated clicks and advertising dollars.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/who-pleased-to-see-china-ease-zero-covid-restrictions-amid-massive-protests-539548">WHO 'pleased' to see China ease zero-Covid restrictions amid massive protests</a>&nbsp;</strong></p>

<p>As quoted by the news agency Reuters, Google director of government affairs and public policy in Australia, Lucinda Longcroft, said that the company had "furthered our significant contribution to the Australian news industry" by signing deals representing 200 mastheads across the country and "the majority of these outlets are regional or local".&nbsp;</p>

<p>Assistant Treasurer Stephen Jones said: "The review shows the Code has been successful balancing bargaining power between news media and digital platforms. Digital platforms must continue to negotiate in good faith with news businesses to ensure they are fairly remunerated for the news content they create."&nbsp;</p>

<p>The report is aimed at recommending new methods the government can take to assess the administration and effectiveness of the law.&nbsp;</p>

<p>The report did not suggest changing the law itself, but it did mention that the law lacked "a formal mechanism to extend the Code to other platforms".&nbsp;</p>

<p>It also suggested the government order the competition regulator, which led to the design of the law, to "prepare reports on this question".&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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The Australian law, which was passed last year for big tech companies to pay for news content shared on their platforms, has been a success and the authorities should consider extending it further to social media forums such as TikTok and Twitter, a recent government report found.

The Australian law, which was passed last year for big tech companies to pay for news content shared on their platforms, has been a success and the authorities should consider extending it further to social media forums such as TikTok and Twitter, a recent government report found. The world watched the implementation of the law and its impact very closely. The law basically gives power to the government to make internet giants Facebook and Google negotiate content supply deals with media outlets. The landmark law—News Media Bargaining Code—became a controversy when Facebook removed all news from its Australian platform. But the government report suggests that the law must be extended to other media platforms. ALSO READ | Russia rejects Joe Biden's terms for Ukraine talks, says offensive will continue The report said, "On the evidence available to the review, at least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations." "While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date," it added. The Treasury Department report, which was published late Thursday, stated that the tech firms had signed more than 30 deals with media outlets compensating them for the content which generated clicks and advertising dollars. ALSO READ | WHO 'pleased' to see China ease zero-Covid restrictions amid massive protests As quoted by the news agency Reuters, Google director of government affairs and public policy in Australia, Lucinda Longcroft, said that the company had "furthered our significant contribution to the Australian news industry" by signing deals representing 200 mastheads across the country and "the majority of these outlets are regional or local". Assistant Treasurer Stephen Jones said: "The review shows the Code has been successful balancing bargaining power between news media and digital platforms. Digital platforms must continue to negotiate in good faith with news businesses to ensure they are fairly remunerated for the news content they create." The report is aimed at recommending new methods the government can take to assess the administration and effectiveness of the law. The report did not suggest changing the law itself, but it did mention that the law lacked "a formal mechanism to extend the Code to other platforms". It also suggested the government order the competition regulator, which led to the design of the law, to "prepare reports on this question". (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Law that makes Facebook and Google pay media outlets for news is a 'success' in Australia: Report

<p>The Irish Data Protection Commission has imposed a $276 million fine on Meta over its handling of&nbsp;sensitive user data. In the aftermath of the latest announcements, the parent company of social media platforms Facebook and Instagram will have to pay fines of over $1 billion to the European regulators. Ireland’s privacy watchdog also said that this marks the end of their inquiry which started in April this year after details of over 500 million users were leaked and published online.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/technology/whatsapp-data-leak-phone-numbers-of-nearly-500-million-active-users-on-sale-says-report-538040">Reports of ‘data leak' are based on 'unsubstantiated' screenshots: WhatsApp</a></p>

<p>Meta has been the subject of a lot of controversy in Europe lately with multiple accusations of mishandling user data and various groups raising privacy concerns regarding the platforms.</p>

<p>In 2019, 533 million users had their data leaked on a private website which included their names, locations and in some cases, email accounts. While the company said that the leak was taken care of, the enquiry was launched by the authorities, and they have been facing a list of fines.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/world/who-to-use-new-preferred-term-mpox-for-monkeypox-virus-to-avoid-stigma-538187">WHO to use new preferred term ‘mpox’ for ‘Monkeypox’ virus to avoid stigma</a></p>

<p>The implementation of General Data Protection Regulation, a European Union-wide law is being considered to be the standard which will be followed for online privacy globally. The fines were a part of the process, and this increased the pressure on Meta – a company facing substantial losses.</p>

<p>In the past one year, Meta has seen a steady dip in revenues with the failure of the Metaverse and it has also sparked rumours of Mark Zuckerberg leaving the company as CEO. The company decided to fire more than 11,000 staff members and said that it will be announcing more job cuts in the future.</p>

<p>(With inputs from agencies)</p>

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The Irish Data Protection Commission has imposed a $276 million fine on Meta over its handling of sensitive user data. In the aftermath of the latest announcements, the parent company of social media platforms Facebook and Instagram will have to pay fines of over $1 billion to the European regulators.

The Irish Data Protection Commission has imposed a $276 million fine on Meta over its handling of sensitive user data. In the aftermath of the latest announcements, the parent company of social media platforms Facebook and Instagram will have to pay fines of over $1 billion to the European regulators. Ireland’s privacy watchdog also said that this marks the end of their inquiry which started in April this year after details of over 500 million users were leaked and published online. Also read | Reports of ‘data leak' are based on 'unsubstantiated' screenshots: WhatsApp Meta has been the subject of a lot of controversy in Europe lately with multiple accusations of mishandling user data and various groups raising privacy concerns regarding the platforms. In 2019, 533 million users had their data leaked on a private website which included their names, locations and in some cases, email accounts. While the company said that the leak was taken care of, the enquiry was launched by the authorities, and they have been facing a list of fines. Also read | WHO to use new preferred term ‘mpox’ for ‘Monkeypox’ virus to avoid stigma The implementation of General Data Protection Regulation, a European Union-wide law is being considered to be the standard which will be followed for online privacy globally. The fines were a part of the process, and this increased the pressure on Meta – a company facing substantial losses. In the past one year, Meta has seen a steady dip in revenues with the failure of the Metaverse and it has also sparked rumours of Mark Zuckerberg leaving the company as CEO. The company decided to fire more than 11,000 staff members and said that it will be announcing more job cuts in the future. (With inputs from agencies)

Meta fined $276 million by Ireland's privacy watchdog over leaked user data

<p>Andy Stone,&nbsp;Meta spokesperson&nbsp;claimed in a tweet on Tuesday that a report that Mark Zuckerberg would step down as the&nbsp;CEO next year&nbsp;was untrue.&nbsp;The Leak, a news outlet, had earlier in the day cited an anonymous insider source in its allegation that Zuckerberg would step down in 2023. The news briefly caused the company's shares to increase by 1 per cent.&nbsp;</p>

<p>According to a source familiar with Meta's plans, it was the Leak portal that originally reported that "Zuckerberg is set to resign next year."&nbsp;</p>

<p>Zuckerberg has opted to step down personally, and his multibillion-dollar project, "metaverse," won't be affected, the report said.</p>

<p>Late on Tuesday, Andy Stone, the director of communications at Meta, tweeted that the claim was untrue.&nbsp;</p>

<p>It is rumoured that Zuckerberg is committed to aggressively promoting his Metaverse concept despite the major reservations voiced by investors and industry professionals.&nbsp;</p>

<p>Also Read:&nbsp;<a href="https://www.wionews.com/world/over-100-pristine-indonesian-islands-up-for-auction-536721">Over 100 pristine Indonesian islands up for auction</a></p>

<p>After terminating over 11,000 employees and extending a recruiting freeze at Meta, Zuckerberg issued an apology.</p>

<p>About 13 per cent&nbsp;of the global staff of Meta was let go, making this one of the biggest layoffs in the history of the tech sector.&nbsp;</p>

<p>Investors are starting to lose faith in the company's billion-dollar, loss-making metaverse dream after it reported another quarterly revenue dip.&nbsp;</p>

<p>In the third quarter, Meta's revenue plummeted to $27.7 billion, a four per cent&nbsp;year-over-year reduction (Q3). In comparison to last year, the corporation reported a net income of $4.395 billion, a decrease from $9.194 billion.</p>

<p><em>(with inputs from agencies)</em></p>

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Andy Stone, Meta spokesperson claimed in a tweet on Tuesday that a report that Mark Zuckerberg would step down as the CEO next year was untrue. The Leak, a news outlet, had earlier in the day cited an anonymous insider source in its allegation that Zuckerberg would step down in 2023.

Andy Stone, Meta spokesperson claimed in a tweet on Tuesday that a report that Mark Zuckerberg would step down as the CEO next year was untrue. The Leak, a news outlet, had earlier in the day cited an anonymous insider source in its allegation that Zuckerberg would step down in 2023. The news briefly caused the company's shares to increase by 1 per cent. According to a source familiar with Meta's plans, it was the Leak portal that originally reported that "Zuckerberg is set to resign next year." Zuckerberg has opted to step down personally, and his multibillion-dollar project, "metaverse," won't be affected, the report said. Late on Tuesday, Andy Stone, the director of communications at Meta, tweeted that the claim was untrue. It is rumoured that Zuckerberg is committed to aggressively promoting his Metaverse concept despite the major reservations voiced by investors and industry professionals. Also Read: Over 100 pristine Indonesian islands up for auction After terminating over 11,000 employees and extending a recruiting freeze at Meta, Zuckerberg issued an apology. About 13 per cent of the global staff of Meta was let go, making this one of the biggest layoffs in the history of the tech sector. Investors are starting to lose faith in the company's billion-dollar, loss-making metaverse dream after it reported another quarterly revenue dip. In the third quarter, Meta's revenue plummeted to $27.7 billion, a four per cent year-over-year reduction (Q3). In comparison to last year, the corporation reported a net income of $4.395 billion, a decrease from $9.194 billion. (with inputs from agencies)

Report of CEO Zuckerberg stepping down next year false: Meta spokesperson

In a shocking revelation, Facebook parent company Meta says the US military is linked to online propaganda and it ran fake accounts. Watch this report for all the details.

WION Fineprint | Meta: US military link to online propaganda

Amid mass layoffs by Facebook parent company Meta denies reports of Zuckerberg quitting. However, Mark Zuckerberg has apologised for mass layoffs.

WION Fineprint: Meta denies reports of Zuckerberg quitting

<p lang="EN-US" paraeid="{85402194-dbb2-4608-abc2-d9103e9df283}{196}" paraid="955181154" >Meta, the parent company of social media platform Facebook, is facing a lawsuit in the UK that accused the tech giant of collecting the personal data of users in order to create targeted advertisements. Human rights campaigner Tanya O’Carroll has alleged in the suit that Meta has violated UK data laws by not agreeing to her prior request regarding the use of her data. According to The Guardian, she requested the company to stop collecting her data when she uses the application.&nbsp;</p>

<p lang="EN-US" paraeid="{4391e7c3-f16b-4d14-ab99-627ff6932335}{185}" paraid="507339428" >“This case is really about us all being able to connect with social media on our own terms, and without having to essentially accept that we should be subjected to hugely invasive tracking surveillance profiling just to be able to access social media,” O’Carroll told BBC in a radio interview.&nbsp;</p>

<p lang="EN-US" paraeid="{4391e7c3-f16b-4d14-ab99-627ff6932335}{185}" paraid="507339428" >Also read |&nbsp;<a href="https://www.wionews.com/world/strong-earthquake-jolts-indonesias-capital-jakarta-535980">Indonesia earthquake: Death toll jumps to 162, says governor</a></p>

<p lang="EN-US" paraeid="{af6c6631-c824-4306-bd82-5c853e140e56}{210}" paraid="2128368205" >“With this case, I’m really using this right that’s long been there on the law books, but has been up until now not been exercised, which is to simply say ‘I object’, and if we are successful in that then everybody will have that right,” she added when asked about the details of the lawsuit against Meta.&nbsp;</p>

<p lang="EN-US" paraeid="{af6c6631-c824-4306-bd82-5c853e140e56}{204}" paraid="1801952597" >According to 21 (2) of the UK General Data Protection Regulation (GDPR), any UK citizen is entitled to protest against the processing of his/her data for advertising purposes. O’Carroll, who is a part of the UK legal campaign group Foxglove, accused Meta of violating the provision and said that a win in the lawsuit will serve as a precedent for a number of such cases filed all around the world.&nbsp;</p>

<p lang="EN-US" paraeid="{af6c6631-c824-4306-bd82-5c853e140e56}{204}" paraid="1801952597" >Also read |&nbsp;<a href="https://www.wionews.com/world/ukraine-claims-that-officials-found-four-torture-sites-in-kherson-536154">Ukraine claims that officials found four 'torture' sites in Kherson</a></p>

<p lang="EN-US" paraeid="{aecaf46c-b8a3-4d8f-83a6-2e7d210a9552}{122}" paraid="2116265509" >“We know that privacy is important to our users and we take this seriously. That’s why we build tools like privacy check-up and ads preferences, where we explain what data people have shared and show how they can exercise control over the type of ads they see,” Meta said in an official statement.&nbsp;</p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>


Meta, the parent company of social media platform Facebook, is facing a lawsuit in the UK that accused the tech giant of collecting the personal data of users in order to create targeted advertisements.

Meta, the parent company of social media platform Facebook, is facing a lawsuit in the UK that accused the tech giant of collecting the personal data of users in order to create targeted advertisements. Human rights campaigner Tanya O’Carroll has alleged in the suit that Meta has violated UK data laws by not agreeing to her prior request regarding the use of her data. According to The Guardian, she requested the company to stop collecting her data when she uses the application. “This case is really about us all being able to connect with social media on our own terms, and without having to essentially accept that we should be subjected to hugely invasive tracking surveillance profiling just to be able to access social media,” O’Carroll told BBC in a radio interview. Also read | Indonesia earthquake: Death toll jumps to 162, says governor “With this case, I’m really using this right that’s long been there on the law books, but has been up until now not been exercised, which is to simply say ‘I object’, and if we are successful in that then everybody will have that right,” she added when asked about the details of the lawsuit against Meta. According to 21 (2) of the UK General Data Protection Regulation (GDPR), any UK citizen is entitled to protest against the processing of his/her data for advertising purposes. O’Carroll, who is a part of the UK legal campaign group Foxglove, accused Meta of violating the provision and said that a win in the lawsuit will serve as a precedent for a number of such cases filed all around the world. Also read | Ukraine claims that officials found four 'torture' sites in Kherson “We know that privacy is important to our users and we take this seriously. That’s why we build tools like privacy check-up and ads preferences, where we explain what data people have shared and show how they can exercise control over the type of ads they see,” Meta said in an official statement.

Lawsuit filed against Meta in UK over collecting user data for targeted advertisements

<p>Sandhya Devanathan has been named the India head of Meta, the social media giant announced on Thursday, days after Ajit Mohan resignation as Meta's former India head. Instagram, Facebook, and WhatsApp are all owned by Meta.&nbsp;Devanathan has been appointed as the new head of Meta's operations in India, and Marne Levine, the company's chief business officer, expressed his pleasure at her appointment.</p>

<blockquote>
<p><strong>"I'm pleased to welcome Sandhya as our new leader for India. Sandhya has a proven track record of scaling businesses, building exceptional and inclusive teams, driving product innovation and building strong partnerships. We are thrilled to have her lead Meta's continued growth in India," Marne Levine said.</strong></p>
</blockquote>

<p>Who is Sandhya Devanathan and what is her career trajectory? We explain&nbsp;in depth.&nbsp;</p>

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Meta announced the appointment of Sandhya Devanathan as the Vice President of Meta India.<br />
<br />
(Pic credit: Sandhya Devanathan LinkedIn account) <a href="https://t.co/zR7yhi4RgM">pic.twitter.com/zR7yhi4RgM</a></p>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1593169122850136064?ref_src=twsrc%5Etfw">November 17, 2022</a></blockquote>
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<h2><strong>Background to her appointment as Meta's&nbsp;India head</strong></h2>

<p>Devanathan assumes leadership of Meta's India division during a difficult phase for the firm, which recently let go of more than 11,000 employees&nbsp;or <a href="https://www.wionews.com/business-economy/from-pandemic-boom-to-lay-off-season-why-big-tech-companies-firing-thousands-of-employees-534471">13 per cent&nbsp;of its staff</a>. According to Reuters, Mark Zuckerberg, the CEO of Meta, placed a costly wager on the metaverse project, which increased the company's overall expenditures by a fifth in the third quarter.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/explained-why-did-meta-fire-13-per-cent-of-its-employees-whats-in-store-for-the-facebook-parent-company-533887">Meta layoffs EXPLAINED: Why did Meta fire 13% of its employees? What next for the Facebook parent company?</a></p>

<p>Investors dumped Meta's stock as a result, sending it down 20 per cent and wiping off about $67 billion in market value for the business, which also reported its fourth consecutive quarter of declining quarterly earnings. The company's poor prognosis, according to Reuters, comes at a time when it must contend with TikTok's fierce competition, a slowdown in global economic development, changes to Apple's privacy policies that have an impact on its advertising business, and declining global economic growth.</p>

<h2><strong>Who is Sandhya Devanathan?</strong></h2>

<p>Sandhya Devanathan joined Meta in 2016. She assisted in establishing the companies and teams in Singapore and Vietnam. She also supported Meta's e-commerce efforts in Southeast Asia.</p>

<p>Devanathan has a 22-year career experience in banking, payments, and technology. Meta states&nbsp;that Devanathan "moved to lead gaming for APAC (Asia-Pacific region) in 2020, which is one of the largest verticals for Meta globally and that she also brings a passion for developing women leaders in business and is the Executive Sponsor for Women@APAC at Meta as well as the global lead for Play Forward, a global Meta initiative to improve diversity representation in the gaming industry.</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/technology/meta-announces-departure-of-whatsapp-india-head-abhijit-bose-metas-india-public-policy-chief-rajiv-aggarwal-534468">Meta announces departure of India policy chief Rajiv Aggarwal, Whatsapp India head Abhijit Bose</a></p>

<h2><strong>Education and former jobs</strong></h2>

<p>Devanathan did her B. Tech in Chemical Engineering from Andhra University (1994-1998), followed by an MBA from Faculty of management studies, Delhi University (1998-2000). In 2014, she went to the University of Oxford for a course in leadership.&nbsp;</p>

<p>Her previous employers include Citibank and Standard Chartered.&nbsp;she worked in various positions from May 2000 to December 2009 with Citibank, while she worked with Standard Chartered from December 2009 to December 2015.</p>

<p>Devanathan also sits on the boards of various organisations, or has in the past. These organisations include the Women's Forum for the Economy and Society, the National Library Board of Singapore, the Pepper Financial Services Group, the Singapore Management University, and the Ministry of Information and Communications (Singapore).</p>

<h2><strong>What does her new role entail?</strong></h2>

<p>The social media behemoth has stated that Sandhya Devanathan would oversee the organisation's India charter and deepen strategic ties with the major brands, creators, advertisers, and partners in the nation in order to propel Meta's revenue growth across important channels in India.</p>

<p>While continuing to support the long-term expansion of Meta's business and commitment to India, Devanathan will concentrate on aligning the organisation's business and revenue goals to serve its partners and clients, the firm said.</p>

<p><strong>ALSO&nbsp;WATCH |&nbsp;WION Fineprint | Indian workers on H-1B visa race against time</strong></p>

<p><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/wion-fineprint-indian-workers-on-h-1b-visa-race-against-time-534139/embed" style="width:100%;max-width:560px;" width="560"></iframe></p>


Sandhya Devanathan has been named the India head of Meta, the social media giant announced on Thursday, days after Ajit Mohan resignation as Meta's former India head.

Sandhya Devanathan has been named the India head of Meta, the social media giant announced on Thursday, days after Ajit Mohan resignation as Meta's former India head. Instagram, Facebook, and WhatsApp are all owned by Meta. Devanathan has been appointed as the new head of Meta's operations in India, and Marne Levine, the company's chief business officer, expressed his pleasure at her appointment. "I'm pleased to welcome Sandhya as our new leader for India. Sandhya has a proven track record of scaling businesses, building exceptional and inclusive teams, driving product innovation and building strong partnerships. We are thrilled to have her lead Meta's continued growth in India," Marne Levine said. Who is Sandhya Devanathan and what is her career trajectory? We explain in depth. Meta announced the appointment of Sandhya Devanathan as the Vice President of Meta India. (Pic credit: Sandhya Devanathan LinkedIn account) pic.twitter.com/zR7yhi4RgM — ANI (@ANI) November 17, 2022 × Background to her appointment as Meta's India head Devanathan assumes leadership of Meta's India division during a difficult phase for the firm, which recently let go of more than 11,000 employees or 13 per cent of its staff. According to Reuters, Mark Zuckerberg, the CEO of Meta, placed a costly wager on the metaverse project, which increased the company's overall expenditures by a fifth in the third quarter. Also read | Meta layoffs EXPLAINED: Why did Meta fire 13% of its employees? What next for the Facebook parent company? Investors dumped Meta's stock as a result, sending it down 20 per cent and wiping off about $67 billion in market value for the business, which also reported its fourth consecutive quarter of declining quarterly earnings. The company's poor prognosis, according to Reuters, comes at a time when it must contend with TikTok's fierce competition, a slowdown in global economic development, changes to Apple's privacy policies that have an impact on its advertising business, and declining global economic growth. Who is Sandhya Devanathan? Sandhya Devanathan joined Meta in 2016. She assisted in establishing the companies and teams in Singapore and Vietnam. She also supported Meta's e-commerce efforts in Southeast Asia. Devanathan has a 22-year career experience in banking, payments, and technology. Meta states that Devanathan "moved to lead gaming for APAC (Asia-Pacific region) in 2020, which is one of the largest verticals for Meta globally and that she also brings a passion for developing women leaders in business and is the Executive Sponsor for Women@APAC at Meta as well as the global lead for Play Forward, a global Meta initiative to improve diversity representation in the gaming industry. Also read | Meta announces departure of India policy chief Rajiv Aggarwal, Whatsapp India head Abhijit Bose Education and former jobs Devanathan did her B. Tech in Chemical Engineering from Andhra University (1994-1998), followed by an MBA from Faculty of management studies, Delhi University (1998-2000). In 2014, she went to the University of Oxford for a course in leadership. Her previous employers include Citibank and Standard Chartered. she worked in various positions from May 2000 to December 2009 with Citibank, while she worked with Standard Chartered from December 2009 to December 2015. Devanathan also sits on the boards of various organisations, or has in the past. These organisations include the Women's Forum for the Economy and Society, the National Library Board of Singapore, the Pepper Financial Services Group, the Singapore Management University, and the Ministry of Information and Communications (Singapore). What does her new role entail? The social media behemoth has stated that Sandhya Devanathan would oversee the organisation's India charter and deepen strategic ties with the major brands, creators, advertisers, and partners in the nation in order to propel Meta's revenue growth across important channels in India. While continuing to support the long-term expansion of Meta's business and commitment to India, Devanathan will concentrate on aligning the organisation's business and revenue goals to serve its partners and clients, the firm said. ALSO WATCH | WION Fineprint | Indian workers on H-1B visa race against time

Sandhya Devanathan appointed as Meta's new India head: What does her new role entail?

<p>More than two dozen employees and contractors of Meta platforms were sacked over the last year for allegedly taking control of user accounts in lieu of cash, the Wall Street Journal (WSJ) reported citing relevant documents and people familiar with the matter.</p>

<p>Some of those sacked contractors worked as security guards at Meta facilities and were given access to the platform’s internal redressal mechanism used by employees to help users having trouble with their accounts.</p>

<p>The said mechanism being referred to here is called “Oops”, an acronym for Online Operations, which has been in existence since Facebook’s formative years.</p>

<p>This platform is used by employees to help users they know who have forgotten their passwords or emails, or had their accounts taken over by hackers.</p>

<p>It was reported that these axed workers used to take thousands of dollars in bribes from hackers to access user accounts.</p>

<p>These terminations took place as part of a lengthy internal probe led by Meta executives, according to the report.</p>

<p>“Individuals selling fraudulent services are always targeting online platforms, including ours, and adapting their tactics in response to the detection methods that are commonly used across the industry,” Meta spokesman&nbsp;Andy Stone was quoted as saying.</p>

<p>He said that the company “will keep taking appropriate action against those involved in these kinds of schemes.”</p>

<p>Oops is used in special cases like friends, family, business partners and public figures, but its usage has soared with increasing employee headcount.</p>

<p>In 2020, the channel serviced about 50,270 tasks, up from 22,000 three years earlier, according to an internal document reviewed by the WSJ newspaper.</p>

<p><em>(With inputs from agencies)</em></p>

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More than two dozen employees and contractors of Meta platforms were sacked over the last year for allegedly taking control of user accounts in lieu of cash, the Wall Street Journal (WSJ) reported citing relevant documents and people familiar with the matter.

More than two dozen employees and contractors of Meta platforms were sacked over the last year for allegedly taking control of user accounts in lieu of cash, the Wall Street Journal (WSJ) reported citing relevant documents and people familiar with the matter. Some of those sacked contractors worked as security guards at Meta facilities and were given access to the platform’s internal redressal mechanism used by employees to help users having trouble with their accounts. The said mechanism being referred to here is called “Oops”, an acronym for Online Operations, which has been in existence since Facebook’s formative years. This platform is used by employees to help users they know who have forgotten their passwords or emails, or had their accounts taken over by hackers. It was reported that these axed workers used to take thousands of dollars in bribes from hackers to access user accounts. These terminations took place as part of a lengthy internal probe led by Meta executives, according to the report. “Individuals selling fraudulent services are always targeting online platforms, including ours, and adapting their tactics in response to the detection methods that are commonly used across the industry,” Meta spokesman Andy Stone was quoted as saying. He said that the company “will keep taking appropriate action against those involved in these kinds of schemes.” Oops is used in special cases like friends, family, business partners and public figures, but its usage has soared with increasing employee headcount. In 2020, the channel serviced about 50,270 tasks, up from 22,000 three years earlier, according to an internal document reviewed by the WSJ newspaper. (With inputs from agencies) WATCH WION LIVE HERE:

Meta sacks two dozen employees, security guards for hijacking user accounts

<p>In the span of weeks, the United States’ Silicon Valley which has been a reliable source of high-paying jobs and booming stocks is now witnessing a tough time with major big tech companies including Meta, Twitter, Snap, and Microsoft announcing mass layoffs, which have tens of thousands of people unemployed.&nbsp;</p>

<p>On Monday, joining what many have called the “lay off season”, New York Times first reported that Amazon is planning to lay off as many as 10,000 people in “corporate and technology” departments across the world. This was preceded by Meta, Facebook’s parent company, which also operates Instagram and WhatsApp, announcing job cuts affecting at least 13 per cent of the company.&nbsp;</p>

<p><strong>Why is this happening?</strong></p>

<p>The two prominent reasons that most companies who have given a public statement following the announcement of mass layoffs are that they hired many employees during the pandemic when people spent most of their time online, as opposed to now when the boom is starting to fade as they get back to their daily lives. Secondly, soaring inflation in the US has made brands reluctant to spend money on advertising.&nbsp;</p>

<p><strong>ALSO READ:&nbsp;<a href="https://www.wionews.com/world/elon-musk-fires-twitter-engineers-who-questioned-him-publicly-534252">Elon Musk fires Twitter engineer who questioned him publicly</a></strong></p>

<p>According to Layoffs.fyi, a website that tracks tech layoffs, 217,404 employees across more than 1,300 tech companies have been fired since the Covid-19 pandemic. &nbsp;The companies that were once thriving are now facing a major downturn and one of the main reasons that are seen across most of them is the reduction in demand.&nbsp;</p>

<p>Several reports have attributed the “boom” that the big tech witnessed during the pandemic to the lockdowns which had forced people indoors, essentially bringing their daily lives to a grinding halt. Amid the pandemic-induced lockdowns, people spent more time on online shopping, social media, and streaming content, which led to an overall increase in demand.&nbsp;</p>

<p><strong>ALSO WATCH:&nbsp;<a href="https://www.wionews.com/videos/wion-business-news-meta-preparing-large-scale-layoffs-reports-531772">WION Business News | Meta preparing large-scale layoffs: Reports</a></strong><br />
<br />
However, as the lockdowns were lifted across the world and people went back outside, the demand was reportedly slower in comparison. This was in addition to the soaring inflation that the United States is currently witnessing that has led digital advertisers to cut back on spending on ads which nearly all tech companies rely on for revenue.&nbsp;</p>

<p>Meanwhile, the Federal Reserve in a bid to control the four-decade-high inflation has been increasing interest rates. Earlier this month, the central bank announced its fourth straight increase of 0.75 percent. “We’ve seen a surge in layoffs in recent weeks because it’s becoming obvious that the (Federal Reserve) will need to keep increasing interest rates for longer than originally expected,” Roger Lee, founder of Layoffs.fyi, told TIME.&nbsp;</p>

<p><strong>ALSO READ:&nbsp;</strong><a href="https://www.wionews.com/business-economy/us-federal-reserve-raises-interest-rate-by-075-again-in-a-bid-to-combat-inflation-530687"><strong>In a historic move, US Federal Reserve raises interest rate by 0.75% again</strong></a><br />
<br />
He added, “Unfortunately, the pain won’t end until the Fed is able to get a handle on inflation.” Citing media reports, the website has also estimated that more than 24,000 tech workers across 72 companies have been laid off in November. This also comes amid reports of a possible global recession.&nbsp;</p>

<p><strong>What has happened so far?</strong></p>

<p>This year more than 121,000 employees from nearly 800 tech companies have been fired. Notably, the highest number of layoffs was seen in the month of November. Additionally, accounting for the biggest tech layoffs since the pandemic, the report by layoffs.fyi, said that <a href="https://www.wionews.com/world/explained-why-did-meta-fire-13-per-cent-of-its-employees-whats-in-store-for-the-facebook-parent-company-533887">Meta</a> is currently at the top of the list after it announced that it would lay off at least 11,000 employees.&nbsp;</p>

<p>As mentioned earlier, reports suggest that <a href="https://www.wionews.com/world/amazon-plans-to-lay-off-at-least-10000-people-job-cuts-may-begin-this-week-report-534150">Amazon</a> plans to lay off at least 10,000 employees as early as this week and will focus on the company’s devices unit and several products including Alexa and other appliances, as well as the retail division and the e-commerce giants’ human resources department. Amazon laying off employees is significant as it has previously been the most stable employer in tech and if confirmed this would be the biggest layoffs in company history.&nbsp;</p>

<p>This was preceded by <a href="https://www.wionews.com/world/twitter-layoffs-impact-at-least-50-of-employees-reassures-content-moderation-amid-speculations-531333">Twitter</a> which reports later confirmed fired at least 50 percent of their workforce after the billionaire Tesla CEO Elon Musk took over the microblogging platform in a $44 billion deal. Amid the mass layoffs, co-founder and former CEO Jack Dorsey had taken to the platform and accepted the responsibility and apologized for growing the “company size too quickly”.&nbsp;</p>

<p><strong>ALSO READ:&nbsp;</strong><a href="https://www.wionews.com/business-economy/india-dream11-co-founder-offers-jobs-to-people-fired-from-twitter-meta-and-others-533728"><strong>Fantasy platform Dream11 co-founder offers jobs to people fired from Twitter, Meta and others</strong></a><br />
<br />
Furthermore, <a href="https://www.wionews.com/business-economy/microsoft-lays-off-nearly-1000-workers-across-multiple-divisions-report-526636">Microsoft</a> had also laid off nearly 1,000 employees across different units worldwide, first reported by Axios which was later confirmed by the company citing the impending slowdown in revenue.&nbsp;</p>

<p>Earlier this year, <a href="https://www.wionews.com/world/after-a-dismal-q2-snap-to-sack-nearly-1300-employees-511755">Snap Inc.</a> the company behind Snapchat said that by the end of August it will cut its workforce down by at least 20 percent which affected nearly 1,200 people. This was followed by <a href="https://www.wionews.com/business-economy/report-intel-plans-to-layoff-thousands-in-workforce-amid-pc-market-slowdown-524809">Intel</a> which according to a report by Bloomberg was set to lay off at least 20 percent of its staff, however, the company is yet to officially confirm the number.&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>

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In the span of weeks, the United States’ Silicon Valley which has been a reliable source of high-paying jobs and booming stocks is now witnessing a tough time with major big tech companies including Meta, Twitter, Snap, and Microsoft announcing mass layoffs, which have tens of thousands of people unemployed.

In the span of weeks, the United States’ Silicon Valley which has been a reliable source of high-paying jobs and booming stocks is now witnessing a tough time with major big tech companies including Meta, Twitter, Snap, and Microsoft announcing mass layoffs, which have tens of thousands of people unemployed. On Monday, joining what many have called the “lay off season”, New York Times first reported that Amazon is planning to lay off as many as 10,000 people in “corporate and technology” departments across the world. This was preceded by Meta, Facebook’s parent company, which also operates Instagram and WhatsApp, announcing job cuts affecting at least 13 per cent of the company. Why is this happening? The two prominent reasons that most companies who have given a public statement following the announcement of mass layoffs are that they hired many employees during the pandemic when people spent most of their time online, as opposed to now when the boom is starting to fade as they get back to their daily lives. Secondly, soaring inflation in the US has made brands reluctant to spend money on advertising. ALSO READ: Elon Musk fires Twitter engineer who questioned him publicly According to Layoffs.fyi, a website that tracks tech layoffs, 217,404 employees across more than 1,300 tech companies have been fired since the Covid-19 pandemic. The companies that were once thriving are now facing a major downturn and one of the main reasons that are seen across most of them is the reduction in demand. Several reports have attributed the “boom” that the big tech witnessed during the pandemic to the lockdowns which had forced people indoors, essentially bringing their daily lives to a grinding halt. Amid the pandemic-induced lockdowns, people spent more time on online shopping, social media, and streaming content, which led to an overall increase in demand. ALSO WATCH: WION Business News | Meta preparing large-scale layoffs: Reports However, as the lockdowns were lifted across the world and people went back outside, the demand was reportedly slower in comparison. This was in addition to the soaring inflation that the United States is currently witnessing that has led digital advertisers to cut back on spending on ads which nearly all tech companies rely on for revenue. Meanwhile, the Federal Reserve in a bid to control the four-decade-high inflation has been increasing interest rates. Earlier this month, the central bank announced its fourth straight increase of 0.75 percent. “We’ve seen a surge in layoffs in recent weeks because it’s becoming obvious that the (Federal Reserve) will need to keep increasing interest rates for longer than originally expected,” Roger Lee, founder of Layoffs.fyi, told TIME. ALSO READ: In a historic move, US Federal Reserve raises interest rate by 0.75% again He added, “Unfortunately, the pain won’t end until the Fed is able to get a handle on inflation.” Citing media reports, the website has also estimated that more than 24,000 tech workers across 72 companies have been laid off in November. This also comes amid reports of a possible global recession. What has happened so far? This year more than 121,000 employees from nearly 800 tech companies have been fired. Notably, the highest number of layoffs was seen in the month of November. Additionally, accounting for the biggest tech layoffs since the pandemic, the report by layoffs.fyi, said that Meta is currently at the top of the list after it announced that it would lay off at least 11,000 employees. As mentioned earlier, reports suggest that Amazon plans to lay off at least 10,000 employees as early as this week and will focus on the company’s devices unit and several products including Alexa and other appliances, as well as the retail division and the e-commerce giants’ human resources department. Amazon laying off employees is significant as it has previously been the most stable employer in tech and if confirmed this would be the biggest layoffs in company history. This was preceded by Twitter which reports later confirmed fired at least 50 percent of their workforce after the billionaire Tesla CEO Elon Musk took over the microblogging platform in a $44 billion deal. Amid the mass layoffs, co-founder and former CEO Jack Dorsey had taken to the platform and accepted the responsibility and apologized for growing the “company size too quickly”. ALSO READ: Fantasy platform Dream11 co-founder offers jobs to people fired from Twitter, Meta and others Furthermore, Microsoft had also laid off nearly 1,000 employees across different units worldwide, first reported by Axios which was later confirmed by the company citing the impending slowdown in revenue. Earlier this year, Snap Inc. the company behind Snapchat said that by the end of August it will cut its workforce down by at least 20 percent which affected nearly 1,200 people. This was followed by Intel which according to a report by Bloomberg was set to lay off at least 20 percent of its staff, however, the company is yet to officially confirm the number. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

From pandemic boom to layoff season: Why big tech firms are firing thousands of employees

<p>A Meta spokesperson said on Tuesday (November 15) that WhatsApp's India head Abhijit Bose and Meta Platforms Inc's public policy director in India Rajiv Aggarwal have resigned from their positions. The news of departure comes in the same week when Meta announced a lay-off of 11,000 workers across the globe.&nbsp;</p>

<p>Will Cathcart, the head of WhatsApp, said in a statement: "I want to thank Abhijit Bose for his tremendous contributions as our first head of WhatsApp in India."&nbsp;</p>

<p>"His entrepreneurial drive helped our team deliver new services that have benefited millions of people and businesses. There is so much more WhatsApp can do for India and we're excited to continue helping advance India's digital transformation," Cathcart added.&nbsp;</p>

<p>The charge of Meta India Public Policy has been given to Shivnath Thukral, who currently serves as Director of WhatsApp Public Policy in India.&nbsp;</p>

<p><strong>WATCH |&nbsp;How to lay-off proof your finances: 6 ways to manage money after job loss&nbsp;</strong></p>

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<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/italy-bans-facial-recognition-tech-use-limited-to-fighting-crime-534265">Italy bans facial recognition tech, restricts use to fighting crime</a>&nbsp;</strong></p>

<p>In a reference to the layoffs, Bose said in a social media post that the week has been a tough one for all teams at WhatsApp.&nbsp;</p>

<p>He said: "Amidst all of this, I just shared some news with our WhatsApp and India teams. It has been planned for a while, but given the events last week, we wanted to hold this back so we could focus on supporting those impacted last week."&nbsp;</p>

<p>He also mentioned that&nbsp;he will be joining "the entrepreneurial world" after a small break.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/steve-jobs-worn-out-sandals-auctioned-for-highest-ever-price-534293">Steve Jobs' worn-out sandals auctioned for 'highest-ever' price</a>&nbsp;</strong></p>

<p>Earlier this month, Ajit Mohan quit as Meta's India head after four years in the job. He joined rival company Snap Inc.&nbsp;</p>

<p>Manesh Mahatme, the head of WhatsApp's India payment business, also quit a couple of months back to join Amazon India.&nbsp;</p>

<p>The spokesperson, however, says that the recent resignations were not part of the mass layoffs.&nbsp;</p>

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A Meta spokesperson said on Tuesday (November 15) that WhatsApp's India head Abhijit Bose and Meta Platforms Inc's public policy director in India Rajiv Aggarwal have resigned from their positions.

A Meta spokesperson said on Tuesday (November 15) that WhatsApp's India head Abhijit Bose and Meta Platforms Inc's public policy director in India Rajiv Aggarwal have resigned from their positions. The news of departure comes in the same week when Meta announced a lay-off of 11,000 workers across the globe. Will Cathcart, the head of WhatsApp, said in a statement: "I want to thank Abhijit Bose for his tremendous contributions as our first head of WhatsApp in India." "His entrepreneurial drive helped our team deliver new services that have benefited millions of people and businesses. There is so much more WhatsApp can do for India and we're excited to continue helping advance India's digital transformation," Cathcart added. The charge of Meta India Public Policy has been given to Shivnath Thukral, who currently serves as Director of WhatsApp Public Policy in India. WATCH | How to lay-off proof your finances: 6 ways to manage money after job loss × ALSO READ | Italy bans facial recognition tech, restricts use to fighting crime In a reference to the layoffs, Bose said in a social media post that the week has been a tough one for all teams at WhatsApp. He said: "Amidst all of this, I just shared some news with our WhatsApp and India teams. It has been planned for a while, but given the events last week, we wanted to hold this back so we could focus on supporting those impacted last week." He also mentioned that he will be joining "the entrepreneurial world" after a small break. ALSO READ | Steve Jobs' worn-out sandals auctioned for 'highest-ever' price Earlier this month, Ajit Mohan quit as Meta's India head after four years in the job. He joined rival company Snap Inc. Manesh Mahatme, the head of WhatsApp's India payment business, also quit a couple of months back to join Amazon India. The spokesperson, however, says that the recent resignations were not part of the mass layoffs. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Meta announces departure of India policy chief Rajiv Aggarwal, Whatsapp India head Abhijit Bose

<p>On Monday, a report by the New York Times citing people with knowledge of the matter said Amazon is planning to lay off at least 10,000 employees as early&nbsp;as this week. They will focus on the company’s devices unit which includes several products including Alexa and other appliances, as well as the retail division and the e-commerce giants’ human resources department, said the report.&nbsp;</p>

<p>If the number of job cuts is in fact near 10,000 it would be the biggest layoff in company history as it represents at least one per cent of the total 1.6 million full-time and part-time employees across the world&nbsp;it had as of December 31. However, the report said that the total number of layoffs remains fluid.&nbsp;</p>

<p><strong>ALSO READ:&nbsp;<a href="https://www.wionews.com/business-economy/amazon-loses-usd-1-trillion-first-company-to-shed-such-value-533122">Amazon loses USD 1 trillion, first company to shed such value</a></strong></p>

<p>This comes after Amazon recently said that it would hold off on hiring new corporate staff for a few months. According to a report by Wall Street Journal, these job cuts are a part of the cost-cutting review which has been in the works for months now, during which the e-commerce giant also asked employees in certain unprofitable divisions to look for jobs elsewhere.&nbsp;</p>

<p>Furthermore, citing internal documents WSJ said that the unit which houses Alexa had posted an operating loss of more than $5 billion a year, while Amazon is considering whether they should invest in adding new capabilities to the company’s voice assistant, Alexa. As the device is used by customers for only a few functions and would require a greater investment, said the report citing people with knowledge of the matter.&nbsp;</p>

<p><strong>ALSO WATCH:&nbsp;</strong><a href="https://www.wionews.com/videos/amazon-prime-video-to-raise-monthly-subscription-price-501030"><strong>Amazon prime video to raise monthly subscription price</strong></a><br />
<br />
The US-based company had also warned of a slowdown ahead of the busy holiday season which usually generates high sales, however, due to high inflation consumers and businesses now have less money to spend. So far, Amazon's shares have lost at least&nbsp;40 per cent&nbsp;of their value in 2022.</p>

<p><strong>ALSO READ:&nbsp;<a href="https://www.wionews.com/world/amazons-leaked-documents-show-why-its-attrition-rate-is-so-high-526390">Amazon's leaked documents reveal why its attrition rate is so high</a></strong></p>

<p>The report comes amid mass layoffs seen across major firms announced recently, like Facebook’s parent company Meta which said that it would cut over 11,000 jobs, Elon Musk-owned Twitter which fired at least 50 per cent of its workforce, and Microsoft Corp which also laid off nearly 1,000 employees.&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em><br />
&nbsp;</p>

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On Monday, a report by the New York Times citing people with knowledge of the matter said Amazon is planning to lay off at least 10,000 employees as early as this week.

On Monday, a report by the New York Times citing people with knowledge of the matter said Amazon is planning to lay off at least 10,000 employees as early as this week. They will focus on the company’s devices unit which includes several products including Alexa and other appliances, as well as the retail division and the e-commerce giants’ human resources department, said the report. If the number of job cuts is in fact near 10,000 it would be the biggest layoff in company history as it represents at least one per cent of the total 1.6 million full-time and part-time employees across the world it had as of December 31. However, the report said that the total number of layoffs remains fluid. ALSO READ: Amazon loses USD 1 trillion, first company to shed such value This comes after Amazon recently said that it would hold off on hiring new corporate staff for a few months. According to a report by Wall Street Journal, these job cuts are a part of the cost-cutting review which has been in the works for months now, during which the e-commerce giant also asked employees in certain unprofitable divisions to look for jobs elsewhere. Furthermore, citing internal documents WSJ said that the unit which houses Alexa had posted an operating loss of more than $5 billion a year, while Amazon is considering whether they should invest in adding new capabilities to the company’s voice assistant, Alexa. As the device is used by customers for only a few functions and would require a greater investment, said the report citing people with knowledge of the matter. ALSO WATCH: Amazon prime video to raise monthly subscription price The US-based company had also warned of a slowdown ahead of the busy holiday season which usually generates high sales, however, due to high inflation consumers and businesses now have less money to spend. So far, Amazon's shares have lost at least 40 per cent of their value in 2022. ALSO READ: Amazon's leaked documents reveal why its attrition rate is so high The report comes amid mass layoffs seen across major firms announced recently, like Facebook’s parent company Meta which said that it would cut over 11,000 jobs, Elon Musk-owned Twitter which fired at least 50 per cent of its workforce, and Microsoft Corp which also laid off nearly 1,000 employees. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Amazon plans to lay off at least 10,000 people, job cuts may begin this week: Reports

Two of the biggest social media giants, Meta and Twitter sacked thousands of employees recently, many of whom are Indians. H-1b visa holders are now in a pickle, as they need to find a job in 60 days or leave the U.S.

WION Fineprint | Indian workers on H-1B visa race against time

<p>Facebook parent company Meta has let go around 13 per cent&nbsp;of its workforce. In a letter to his employees,&nbsp;Zuckerberg explained how he had&nbsp;hired aggressively during the pandemic and had anticipated quick growth&nbsp;even after the pandemic ended.&nbsp;The mass layoffs, which are the first in Meta's 18-year existence, came shortly after&nbsp;massive job&nbsp;cuts at Microsoft Corp. and Twitter, now owned by Elon Musk. But, why did Meta fire so many employees in the first place? What are the ramifications of this move for its Indian employees? How does it reflect on the larger structural problems of the company? We explain the same in-depth.&nbsp;</p>

<h2><strong>What is Meta exactly doing?</strong></h2>

<p>As it struggles with rising costs and plummeting ad revenues, Meta has adopted various cost-cutting strategies&nbsp;in addition to firing almost 11,000 employees. By extending its freeze on fresh recruitment until the first quarter, the firm intends to reduce discretionary spending. However, it hasn't mentioned the areas that would be affected by the transfers or the estimated cost cuts. Before the firings, <a href="https://www.wionews.com/videos/facebook-parent-to-combine-voice-video-unit-with-messaging-teams-533587">Meta</a> had been indirectly hinting at cost-cutting measures by reducing its real estate holdings and doing away with some of the benefits it provided to its employees, such as free laundry&nbsp;and dry cleaning services,&nbsp;dinners they were permitted to pack&nbsp;home to their families and avail&nbsp;free valet services.&nbsp;</p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Gravitas?src=hash&amp;ref_src=twsrc%5Etfw">#Gravitas</a> | Mark Zuckerberg is set to pull off an <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>. His company<a href="https://twitter.com/Meta?ref_src=twsrc%5Etfw">@Meta</a> is about to unleash its biggest round of layoffs in history.<br />
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Thousands of Meta employees are set to be sacked. Why? <a href="https://twitter.com/PriyankaSh25?ref_src=twsrc%5Etfw">@PriyankaSh25</a> reports <a href="https://t.co/IQtfiVyxHq">pic.twitter.com/IQtfiVyxHq</a></p>
— WION (@WIONews) <a href="https://twitter.com/WIONews/status/1590054768675762176?ref_src=twsrc%5Etfw">November 8, 2022</a></blockquote>
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<h5><strong>“Unfortunately, this did not play out the way I expected,” Zuckerberg wrote. “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”</strong></h5>
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<h2><strong>Reasons behind downsizing</strong></h2>

<p>There are&nbsp;two key factors at play.&nbsp;First, during the peak of the COVID-19 pandemic, social media companies&nbsp;embarked on a recruiting spree.&nbsp;The reason being that more people stayed indoors&nbsp;during the pandemic lockdown and spent more time on the internet.&nbsp;</p>

<blockquote>
<h5><strong>&nbsp;Second, investors are concerned about Meta's massive $10 billion investment in the "metaverse."</strong></h5>
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<p>However, once the lockdowns ended and people resumed venturing outdoors, the upward trend faded.&nbsp;“In its earnings report last month, Meta disclosed that Reality Labs, the part of the company working on the metaverse, had $3.67 billion in operating losses. Reality Labs also experienced its lowest revenue since the final quarter of 2020. The company expects the operating losses for Reality Labs to increase next year,”&nbsp;The New York Times<em>&nbsp;</em>reported.</p>

<p><strong>Also WATCH |&nbsp;Twitter, Meta: Tech 'bloodbath' continues as tech giants on firing spree</strong></p>

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<p>The United States' economic slump made everything worse. This past summer, Meta recorded its first-ever quarterly sales decrease, which was followed by a larger decline in the following season.</p>

<h2><strong>What next for Meta?</strong></h2>

<p>A impending&nbsp;recession has Meta and its advertisers on high alert. The difficulty of using Apple's privacy settings, which make it harder for social media sites like Facebook, Instagram, and Snap to monitor users without their permission and target them with adverts, is another issue. As more young people choose TikTok over Instagram, which Meta also owns, competition from TikTok is becoming a greater concern.</p>

<blockquote>
<h5><strong>“We’ve cut costs across our business, including scaling back budgets, reducing perks, and shrinking our real estate footprint,” Zuckerberg said. ”We’re restructuring teams to increase our efficiency. But these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go.”</strong></h5>
</blockquote>

<p>More cost cuts at Meta will be rolled out in coming months, Zuckerberg said.&nbsp;However, Zuckerberg has made it clear&nbsp;that his commitment&nbsp;to the metaverse&nbsp;is unwavering.</p>

<h2><strong>What happens to the Indians who got fired?</strong></h2>

<p>Many affected Indians have expressed their concern on social media platforms like Twitter and LinkedIn. These affected Indians are on H1B visas and must find jobs within 60 days of the termination date. Any H1B visa holder who is unable to obtain employment within 60 days will have to return to their country of origin. In this situation, Indians who are jobless after the grace period must go&nbsp;back. The original employer will need to bear the cost of&nbsp;their return ticket in accordance with H1B visa policy.</p>

<p>Unlike Musk, Zuckerberg said that he will assist migrant employees with their immigration.</p>

<blockquote>
<h5><strong>“I know this is especially difficult if you’re here on a visa. There’s a notice period before termination and some visa grace periods, which means everyone will have time to make plans and work through their immigration status. We have dedicated immigration specialists to help guide you based on what you and your family need. Outside the US, support will be similar, and we’ll follow up soon with separate processes that take into account local employment laws,”&nbsp;Zuckerberg said in a letter addressing the employees.&nbsp;</strong></h5>
</blockquote>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/business-economy/india-dream11-co-founder-offers-jobs-to-people-fired-from-twitter-meta-and-others-533728">Fantasy platform Dream11 co-founder offers jobs to people fired from Twitter, Meta and others</a></p>

<p>Employees in the United States will get 16 weeks of severance compensation in addition to two&nbsp;"additional weeks for every year of service, with no cap." All remaining Paid time off leave, or PTO (an employee leave policy under which the company sanctions a pool of leaves for its employees) vesting on 15 November,&nbsp;2022, the cost of healthcare for them and their families for six months, and three months of career support from an outside vendor will be provided to laid-off staff.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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Facebook parent company Meta has let go around 13 per cent of its workforce. In a letter to his employees, Zuckerberg explained how he had hired aggressively during the pandemic and had anticipated quick growth even after the pandemic ended.

Facebook parent company Meta has let go around 13 per cent of its workforce. In a letter to his employees, Zuckerberg explained how he had hired aggressively during the pandemic and had anticipated quick growth even after the pandemic ended. The mass layoffs, which are the first in Meta's 18-year existence, came shortly after massive job cuts at Microsoft Corp. and Twitter, now owned by Elon Musk. But, why did Meta fire so many employees in the first place? What are the ramifications of this move for its Indian employees? How does it reflect on the larger structural problems of the company? We explain the same in-depth. What is Meta exactly doing? As it struggles with rising costs and plummeting ad revenues, Meta has adopted various cost-cutting strategies in addition to firing almost 11,000 employees. By extending its freeze on fresh recruitment until the first quarter, the firm intends to reduce discretionary spending. However, it hasn't mentioned the areas that would be affected by the transfers or the estimated cost cuts. Before the firings, Meta had been indirectly hinting at cost-cutting measures by reducing its real estate holdings and doing away with some of the benefits it provided to its employees, such as free laundry and dry cleaning services, dinners they were permitted to pack home to their families and avail free valet services. #Gravitas | Mark Zuckerberg is set to pull off an @elonmusk. His company@Meta is about to unleash its biggest round of layoffs in history. Thousands of Meta employees are set to be sacked. Why? @PriyankaSh25 reports pic.twitter.com/IQtfiVyxHq — WION (@WIONews) November 8, 2022 × “Unfortunately, this did not play out the way I expected,” Zuckerberg wrote. “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.” Reasons behind downsizing There are two key factors at play. First, during the peak of the COVID-19 pandemic, social media companies embarked on a recruiting spree. The reason being that more people stayed indoors during the pandemic lockdown and spent more time on the internet. Second, investors are concerned about Meta's massive $10 billion investment in the "metaverse." However, once the lockdowns ended and people resumed venturing outdoors, the upward trend faded. “In its earnings report last month, Meta disclosed that Reality Labs, the part of the company working on the metaverse, had $3.67 billion in operating losses. Reality Labs also experienced its lowest revenue since the final quarter of 2020. The company expects the operating losses for Reality Labs to increase next year,” The New York Times reported. Also WATCH | Twitter, Meta: Tech 'bloodbath' continues as tech giants on firing spree The United States' economic slump made everything worse. This past summer, Meta recorded its first-ever quarterly sales decrease, which was followed by a larger decline in the following season. What next for Meta? A impending recession has Meta and its advertisers on high alert. The difficulty of using Apple's privacy settings, which make it harder for social media sites like Facebook, Instagram, and Snap to monitor users without their permission and target them with adverts, is another issue. As more young people choose TikTok over Instagram, which Meta also owns, competition from TikTok is becoming a greater concern. “We’ve cut costs across our business, including scaling back budgets, reducing perks, and shrinking our real estate footprint,” Zuckerberg said. ”We’re restructuring teams to increase our efficiency. But these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go.” More cost cuts at Meta will be rolled out in coming months, Zuckerberg said. However, Zuckerberg has made it clear that his commitment to the metaverse is unwavering. What happens to the Indians who got fired? Many affected Indians have expressed their concern on social media platforms like Twitter and LinkedIn. These affected Indians are on H1B visas and must find jobs within 60 days of the termination date. Any H1B visa holder who is unable to obtain employment within 60 days will have to return to their country of origin. In this situation, Indians who are jobless after the grace period must go back. The original employer will need to bear the cost of their return ticket in accordance with H1B visa policy. Unlike Musk, Zuckerberg said that he will assist migrant employees with their immigration. “I know this is especially difficult if you’re here on a visa. There’s a notice period before termination and some visa grace periods, which means everyone will have time to make plans and work through their immigration status. We have dedicated immigration specialists to help guide you based on what you and your family need. Outside the US, support will be similar, and we’ll follow up soon with separate processes that take into account local employment laws,” Zuckerberg said in a letter addressing the employees. Also read | Fantasy platform Dream11 co-founder offers jobs to people fired from Twitter, Meta and others Employees in the United States will get 16 weeks of severance compensation in addition to two "additional weeks for every year of service, with no cap." All remaining Paid time off leave, or PTO (an employee leave policy under which the company sanctions a pool of leaves for its employees) vesting on 15 November, 2022, the cost of healthcare for them and their families for six months, and three months of career support from an outside vendor will be provided to laid-off staff. (With inputs from agencies) WATCH WION LIVE HERE:

Meta layoffs EXPLAINED: Why did Meta fire 13% of its employees? What next for the Facebook parent company?

<p>Recently, there has been an unprecedented number of mass layoffs across the world, including in big tech companies like Twitter and Meta which also announced that they fired thousands of people in the past few weeks. This has affected many, including Indians who form a large chunk of the workforce in the US’ Silicon Valley.&nbsp;</p>

<p>Amid what many are referring to as the ‘layoff season’, Harsh Jain, co-founder of Dream Sports took to Twitter and offered Indian employees fired by the major tech firms to join his company especially those with Visa issues.&nbsp;</p>

<p><strong>ALSO READ:&nbsp;<a href="https://www.wionews.com/technology/meta-boss-mark-zuckerberg-says-mass-lay-offs-to-begin-from-wednesday-morning-532418">Meta boss Mark Zuckerberg says mass layoffs to begin from Wednesday morning</a></strong></p>

<p>“With all the 2022 Tech layoffs (52,000+!) in the US, please spread the word to remind Indians to come back home (specially those with visa issues) to help Indian Tech realise our hyper-growth potential in the next decade!” Jain wrote in a tweet.&nbsp;</p>

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<p dir="ltr" lang="en">With all the 2022 Tech layoffs (52,000+!) in the US, please spread the word to remind Indians to come back home (specially those with visa issues) to help Indian Tech realise our hyper-growth potential in the next decade! 🇮🇳 🇮🇳 🇮🇳 (1/3)</p>
— Harsh Jain (@harshjain85) <a href="https://twitter.com/harshjain85/status/1589609986677964800?ref_src=twsrc%5Etfw">November 7, 2022</a></blockquote>
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<p>&nbsp;</p>

<p>He added, that his company is “profitable” and financially stable in a subsequent statement and said, “#shamelessplug if you or someone you know fits the above, feel free to reach out to us on indiareturns@dreamsports.group. We @DreamSportsHQ are a profitable, $8 Billion Co with 150 Million+ users and 10 kickass portfolio companies”.</p>

<p><strong>ALSO WATCH:&nbsp;<a href="https://www.wionews.com/videos/wion-business-news-twitter-takes-u-turn-post-massive-layoffs-asks-fired-employees-to-come-back-531766">WION Business News | Twitter takes U-Turn post massive layoffs, asks fired employees to come back</a></strong></p>

<p>Furthermore, in another tweet also briefly spoke about the ten portfolio companies under Dream11, “who are constantly looking for great talent, specially with leadership experience in Design, Product &amp; Tech!”.&nbsp;</p>

<p><strong>ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/dream11-awarded-title-sponsorship-for-ipl-2020-with-a-bid-of-inr-222-crore-confirms-brijesh-patel-321448">Dream11 awarded title sponsorship for IPL 2020 with a bid of INR 222 crore, confirms Brijesh Patel</a></strong><br />
<br />
Since it was first posted on November 7, the Twitter thread has garnered over 650 likes and over 70 retweets. Dream11 is an Indian fantasy sports platform that allows users to create fantasy teams in several sports including, cricket, football, hockey, rugby, and so on. In 2019, it was the first of its kind in the country which went on to become a unicorn.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>

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Recently, there has been an unprecedented number of mass layoffs across the world, including in big tech companies like Twitter and Meta which also announced that they fired thousands of people in the past few weeks.

Recently, there has been an unprecedented number of mass layoffs across the world, including in big tech companies like Twitter and Meta which also announced that they fired thousands of people in the past few weeks. This has affected many, including Indians who form a large chunk of the workforce in the US’ Silicon Valley. Amid what many are referring to as the ‘layoff season’, Harsh Jain, co-founder of Dream Sports took to Twitter and offered Indian employees fired by the major tech firms to join his company especially those with Visa issues. ALSO READ: Meta boss Mark Zuckerberg says mass layoffs to begin from Wednesday morning “With all the 2022 Tech layoffs (52,000+!) in the US, please spread the word to remind Indians to come back home (specially those with visa issues) to help Indian Tech realise our hyper-growth potential in the next decade!” Jain wrote in a tweet. With all the 2022 Tech layoffs (52,000+!) in the US, please spread the word to remind Indians to come back home (specially those with visa issues) to help Indian Tech realise our hyper-growth potential in the next decade! 🇮🇳 🇮🇳 🇮🇳 (1/3) — Harsh Jain (@harshjain85) November 7, 2022 × He added, that his company is “profitable” and financially stable in a subsequent statement and said, “#shamelessplug if you or someone you know fits the above, feel free to reach out to us on indiareturns@dreamsports.group. We @DreamSportsHQ are a profitable, $8 Billion Co with 150 Million+ users and 10 kickass portfolio companies”. ALSO WATCH: WION Business News | Twitter takes U-Turn post massive layoffs, asks fired employees to come back Furthermore, in another tweet also briefly spoke about the ten portfolio companies under Dream11, “who are constantly looking for great talent, specially with leadership experience in Design, Product & Tech!”. ALSO READ: Dream11 awarded title sponsorship for IPL 2020 with a bid of INR 222 crore, confirms Brijesh Patel Since it was first posted on November 7, the Twitter thread has garnered over 650 likes and over 70 retweets. Dream11 is an Indian fantasy sports platform that allows users to create fantasy teams in several sports including, cricket, football, hockey, rugby, and so on. In 2019, it was the first of its kind in the country which went on to become a unicorn. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Fantasy platform Dream11 co-founder offers jobs to people fired from Twitter, Meta and others

Meta owner told its employees that the company would stop developing smart displays and smart watches. Adding that, nearly half of the 11,000 job cuts were technology roles.

Facebook parent to combine voice, video unit with messaging teams

<p lang="EN-US" paraeid="{a0a52973-e26e-4800-9d8f-b7ff30494888}{92}" paraid="98822642" >As many as 11,000 employees across Meta-owned organisations were laid off by CEO Mark Zuckerberg as a cost-cutting measure.&nbsp;</p>

<p lang="EN-US" paraeid="{b9c713bc-5d4e-4f42-8cdd-cd8efe5e98ae}{151}" paraid="295900146" >In a blog post titled "Mark Zuckerberg’s message to Meta employees”, the company said that the retrenchment decision was taken due to a “macroeconomic downturn, increased competition, and ads signal loss”.&nbsp;</p>

<p lang="EN-US" paraeid="{f0163f7f-4d08-4ac3-b485-99b710f5ca9a}{156}" paraid="901506778" >The 38-year-old tech wiz later addressed the sacked employees separately through a video call, explaining the future prospects of the company. Days after his message, the clip went viral on social media.&nbsp;</p>

<p lang="EN-US" paraeid="{f0163f7f-4d08-4ac3-b485-99b710f5ca9a}{201}" paraid="1126132401" >“I know there must be just a range of different emotions.&nbsp;&nbsp;I want to say up front that I take full responsibility for this decision,” he said.&nbsp;</p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Zuckerberg?src=hash&amp;ref_src=twsrc%5Etfw">#Zuckerberg</a>: "I want to say, upfront, that I take full responsibility."<br />
<br />
Then fires 11,000 employees instead of himself. <a href="https://twitter.com/hashtag/Meta?src=hash&amp;ref_src=twsrc%5Etfw">#Meta</a> <a href="https://t.co/7XWxUQaKno">pic.twitter.com/7XWxUQaKno</a></p>
— Cory Provost (@coryprovost) <a href="https://twitter.com/coryprovost/status/1590460700107100162?ref_src=twsrc%5Etfw">November 9, 2022</a></blockquote>
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<p>“I’m the founder and CEO, I’m responsible for the health of our company, for our direction, and for deciding how we execute that, including things like this, and this was ultimately my call.”&nbsp;</p>

<p lang="EN-US" paraeid="{a0984c06-154b-4f8b-b1b6-51d27408c8e0}{83}" paraid="9084627" >Meanwhile, those who have been asked to go will be receiving a payout of 16 weeks of base pay and two additional weeks of pay for every year of service.&nbsp;</p>

<p lang="EN-US" paraeid="{a0984c06-154b-4f8b-b1b6-51d27408c8e0}{83}" paraid="9084627" ><strong>Twitter, Meta: Tech 'bloodbath' continues as tech giants on firing spree</strong></p>

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<p lang="EN-US" paraeid="{a0984c06-154b-4f8b-b1b6-51d27408c8e0}{153}" paraid="651772969" >They will also be provided with immigration support, health insurance for six months, and career services to employees.&nbsp;</p>

<p lang="EN-US" paraeid="{a0984c06-154b-4f8b-b1b6-51d27408c8e0}{153}" paraid="651772969" ><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/laid-off-meta-employees-at-loss-of-words-ask-for-work-opportunities-on-social-media-532946" hreflang="en">Laid off Meta employees 'at loss of words', ask for work opportunities on social media</a></p>

<p lang="EN-US" paraeid="{ec6543c3-aee5-493c-aaff-223f2bdacdbb}{154}" paraid="1645389545" >The massive layoffs come at a time when Meta has been facing pressures from investors to cut spending as the company shifts focus away from social media and to the “metaverse”.&nbsp;</p>

<p lang="EN-US" paraeid="{ec6543c3-aee5-493c-aaff-223f2bdacdbb}{154}" paraid="1645389545" ><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/facebooks-parent-company-meta-announces-job-cuts-fires-more-than-11000-workers-532598" hreflang="en">Sorry to those impacted': Facebook's parent company Meta fires more than 11,000 workers</a></p>

<p lang="EN-US" paraeid="{9e28d254-430c-4e11-828d-c42cea7825ba}{184}" paraid="1538783511" >Zuckerberg believes that the metaverse will eventually replace smartphones as the primary way people use technology.&nbsp;</p>

<p lang="EN-US" paraeid="{97ad70b0-e9f7-4c21-8555-457ad0419ea2}{217}" paraid="271259677" >In the post, the company said it will be focusing on growth areas like AI discovery engine, ads, and business platforms.&nbsp;</p>

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As many as 11,000 employees across Meta-owned organisations were laid off by CEO Mark Zuckerberg as a cost-cutting measure. In a blog post titled "Mark Zuckerberg’s message to Meta employees”, the company said that the retrenchment decision was taken due to a “macroeconomic downturn, increased competition, and ads signal loss”.

As many as 11,000 employees across Meta-owned organisations were laid off by CEO Mark Zuckerberg as a cost-cutting measure. In a blog post titled "Mark Zuckerberg’s message to Meta employees”, the company said that the retrenchment decision was taken due to a “macroeconomic downturn, increased competition, and ads signal loss”. The 38-year-old tech wiz later addressed the sacked employees separately through a video call, explaining the future prospects of the company. Days after his message, the clip went viral on social media. “I know there must be just a range of different emotions. I want to say up front that I take full responsibility for this decision,” he said. #Zuckerberg: "I want to say, upfront, that I take full responsibility." Then fires 11,000 employees instead of himself. #Meta pic.twitter.com/7XWxUQaKno — Cory Provost (@coryprovost) November 9, 2022 × “I’m the founder and CEO, I’m responsible for the health of our company, for our direction, and for deciding how we execute that, including things like this, and this was ultimately my call.” Meanwhile, those who have been asked to go will be receiving a payout of 16 weeks of base pay and two additional weeks of pay for every year of service. Twitter, Meta: Tech 'bloodbath' continues as tech giants on firing spree They will also be provided with immigration support, health insurance for six months, and career services to employees. Also read | Laid off Meta employees 'at loss of words', ask for work opportunities on social media The massive layoffs come at a time when Meta has been facing pressures from investors to cut spending as the company shifts focus away from social media and to the “metaverse”. Also read | Sorry to those impacted': Facebook's parent company Meta fires more than 11,000 workers Zuckerberg believes that the metaverse will eventually replace smartphones as the primary way people use technology. In the post, the company said it will be focusing on growth areas like AI discovery engine, ads, and business platforms. WATCH WION LIVE HERE:

Watch: Meta CEO Mark Zuckerberg addresses employees after axing them

2022 has been a rocky ride for working professionals, the once thriving Silicon Valley, seems to have hit a rough patch. Massive lay-off drives from tech giants like Twitter and now Meta have caught thousands of employees off-guard.

Twitter, Meta: Tech 'bloodbath' continues as tech giants on firing spree

It is not just tech giants like Meta and Twitter that are going for massive lay-offs, some big Wall Street banks are also cutting hundreds of jobs. Barclays has got about 200 across its banking and trading desks this week.

WION Business News | Wall Street lay-offs: Citigroup, Barclays cut hundreds of jobs

In what could possibly be more trouble for Meta, the EU anti-trust regulators are drawing charges against the parent company of Facebook, Instagram and WhatsApp. Meta is being charged over its use of customer data.

WION Business News | EU regulators about to charge Meta: Reports

<p>Facebook's parent company Meta executed one of the biggest layoffs this year as over 11,000 employees were sacked&nbsp;following an announcement by Mark Zuckerberg.</p>

<p>Zuckerberg issued a statement Wednesday saying that 13 per cent of its workforce would be fired. The Meta CEO said he "got this wrong" and apologised to staff for over-investing in the company while designating the layoffs a "last resort".&nbsp;</p>

<p>The employees were reportedly notified of the layoffs over email on Wednesday morning.</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/gravitas-meta-set-to-fire-thousands-of-employees-532369">Gravitas: Meta set to fire thousands of employees</a></strong></p>

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<p>Many former Meta employees took to Twitter, informing people on the microblogging site that they are 'actively seeking' their next career opportunity. Others expressed their gratitude for being able to work at a company like Meta even as they faced broad layoffs. For some young employees, it was the first&nbsp;layoff of such kind that they had seen in their careers. Others found their entire teams laid off, evoking reactions of shock and disappointment.&nbsp;</p>

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<p dir="ltr" lang="en">Just found out I've been laid off at Meta. As a result, I'm actively seeking my next opportunity.<br />
<br />
I've been writing about games, tech, and VR in some capacity for over 10 years with xp in journalism, tech comms, PR, marketing, dev rel and more.<br />
<br />
If you have leads please lmk! 🙏</p>
— David Jagneaux 🚨Looking For Work🚨 (@David_Jagneaux) <a href="https://twitter.com/David_Jagneaux/status/1590353100745080833?ref_src=twsrc%5Etfw">November 9, 2022</a></blockquote>
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<p dir="ltr" lang="en">Just got laid off by Meta along with my entire team. I was one of the lead engineers working on Meta Quest. I am at a loss for words right now.<br />
<br />
I truly believed in the VR/AR vision laid out by Mark. I still do. Not sure where this is headed…<br />
<br />
Thread to come <a href="https://twitter.com/hashtag/Meta?src=hash&amp;ref_src=twsrc%5Etfw">#Meta</a> <a href="https://twitter.com/hashtag/MetaLayOffs?src=hash&amp;ref_src=twsrc%5Etfw">#MetaLayOffs</a></p>
— Mik (@autovonbis) <a href="https://twitter.com/autovonbis/status/1590381176019382272?ref_src=twsrc%5Etfw">November 9, 2022</a></blockquote>
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<p>&nbsp;</p>

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<p dir="ltr" lang="en">I've been laid off from Meta. Almost 7 years of work there, it really was one of the best opportunities. We're flying to Japan today for two weeks. When I return, I'll need to start looking for new research positions, so please keep me in mind! Might write a book too.</p>
— Alex Leavitt, PhD (they/them) (@alexleavitt) <a href="https://twitter.com/alexleavitt/status/1590356182564491264?ref_src=twsrc%5Etfw">November 9, 2022</a></blockquote>
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<p dir="ltr" lang="en">I've been laid off from Meta. Our entire research/infra org "Probability" was cut.<br />
<br />
I deeply appreciate the people who helped me get there, and the great people I worked with for a year and half.<br />
<br />
I hope to stay in the Bay Area a while longer, if anyone needs some algorithms.</p>
— Thomas Ahle (@thomasahle) <a href="https://twitter.com/thomasahle/status/1590493493067382785?ref_src=twsrc%5Etfw">November 9, 2022</a></blockquote>
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<p dir="ltr" lang="en">Just got laid off by Meta along with my entire team. I was the lead engineer working on adding legs to the Metaverse. I am at a complete loss for words right now. Not sure what this means for the future of the company.</p>
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<p>Meta said that it will provide three months of career support to its laid-off employees, 'including early access to unpublished job leads'.&nbsp;</p>

<p>Meta has cut staff from the US, UK, Ireland, and Ghana, the posts show. The group of people laid off included some product designers, recruiters, and engineers, as well as some who worked in recruitment, marketing, Meta's Reality Labs, and the Quest division.</p>

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Facebook's parent company Meta executed one of the biggest layoffs this year as over 11,000 employees were sacked following an announcement by Mark Zuckerberg. Zuckerberg issued a statement Wednesday saying that 13 per cent of its workforce would be fired.

Facebook's parent company Meta executed one of the biggest layoffs this year as over 11,000 employees were sacked following an announcement by Mark Zuckerberg. Zuckerberg issued a statement Wednesday saying that 13 per cent of its workforce would be fired. The Meta CEO said he "got this wrong" and apologised to staff for over-investing in the company while designating the layoffs a "last resort". The employees were reportedly notified of the layoffs over email on Wednesday morning. WATCH | Gravitas: Meta set to fire thousands of employees × Many former Meta employees took to Twitter, informing people on the microblogging site that they are 'actively seeking' their next career opportunity. Others expressed their gratitude for being able to work at a company like Meta even as they faced broad layoffs. For some young employees, it was the first layoff of such kind that they had seen in their careers. Others found their entire teams laid off, evoking reactions of shock and disappointment. Just found out I've been laid off at Meta. As a result, I'm actively seeking my next opportunity. I've been writing about games, tech, and VR in some capacity for over 10 years with xp in journalism, tech comms, PR, marketing, dev rel and more. If you have leads please lmk! 🙏 — David Jagneaux 🚨Looking For Work🚨 (@David_Jagneaux) November 9, 2022 × Just got laid off by Meta along with my entire team. I was one of the lead engineers working on Meta Quest. I am at a loss for words right now. I truly believed in the VR/AR vision laid out by Mark. I still do. Not sure where this is headed… Thread to come #Meta #MetaLayOffs — Mik (@autovonbis) November 9, 2022 × I've been laid off from Meta. Almost 7 years of work there, it really was one of the best opportunities. We're flying to Japan today for two weeks. When I return, I'll need to start looking for new research positions, so please keep me in mind! Might write a book too. — Alex Leavitt, PhD (they/them) (@alexleavitt) November 9, 2022 × I've been laid off from Meta. Our entire research/infra org "Probability" was cut. I deeply appreciate the people who helped me get there, and the great people I worked with for a year and half. I hope to stay in the Bay Area a while longer, if anyone needs some algorithms. — Thomas Ahle (@thomasahle) November 9, 2022 × Just got laid off by Meta along with my entire team. I was the lead engineer working on adding legs to the Metaverse. I am at a complete loss for words right now. Not sure what this means for the future of the company. — Alexius (@Alexius_sc2) November 9, 2022 × Meta said that it will provide three months of career support to its laid-off employees, 'including early access to unpublished job leads'. Meta has cut staff from the US, UK, Ireland, and Ghana, the posts show. The group of people laid off included some product designers, recruiters, and engineers, as well as some who worked in recruitment, marketing, Meta's Reality Labs, and the Quest division. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Laid off Meta employees 'at loss of words', ask for work opportunities on social media

<p>European Union might slap Facebook with charges as the bloc's antitrust enforcers are all set to prepare a case against the social media giant, over the anti-competitive abuses on its marketplace platform, media outlet POLITICO reported citing sources.&nbsp;</p>

<p>The antitrust regulators are apparently drawing up charges against Meta over its use of customer data and the tying of classified advertisements service known as Marketplace, the sources mentioned.&nbsp;</p>

<p>Facebook Marketplace, which is Meta's classified ads business, was launched in 2016. It is used in 70 countries to buy and sell items.&nbsp;</p>

<p><strong>ALSO READ&nbsp;| <a href="https://www.wionews.com/world/zoom-calls-on-tesla-screens-soon-to-be-a-reality-532963">Zoom video calls on Tesla cars soon to be a reality?</a>&nbsp;</strong></p>

<p>News agency Reuters also reported it, noting that the European Commission can impose fines up to 10 per cent of a company's global turnover for antitrust violations.&nbsp;</p>

<p>The news agency also said that Meta has declined to comment on this update.&nbsp;</p>

<p>As per the report by POLITICO, the EU regulator might probe how the firm could use data obtained from its advertisers to give an advantage to the Marketplace over competing services unfairly.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/science/twitter-blue-paywall-advertisers-how-musk-plans-to-bring-in-more-money-532894">Twitter Blue, paywall, advertisers: How Musk plans to bring in more money</a>&nbsp;</strong></p>

<p>Urgent calls have been made by EU regulators to the rivals of Facebook to provide evidence of the abuse. The calls were made to know where the alleged harmful conduct across Facebook’s Marketplace actually occurs.&nbsp;</p>

<p>The investigation began into the social network company in June of last year and Britain's competition agency also began an enquiry on the same day. Now it is also reported that the charge sheet might be issued before the Christmas break.&nbsp;</p>

<p><strong>WATCH |&nbsp;Twitter to become an 'everything app'? Twitter entering the payments markets?&nbsp;</strong></p>

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European Union might slap Facebook with charges as the bloc's antitrust enforcers are all set to prepare a case against the social media giant, over the anti-competitive abuses on its marketplace platform, media outlet POLITICO reported citing sources.

European Union might slap Facebook with charges as the bloc's antitrust enforcers are all set to prepare a case against the social media giant, over the anti-competitive abuses on its marketplace platform, media outlet POLITICO reported citing sources. The antitrust regulators are apparently drawing up charges against Meta over its use of customer data and the tying of classified advertisements service known as Marketplace, the sources mentioned. Facebook Marketplace, which is Meta's classified ads business, was launched in 2016. It is used in 70 countries to buy and sell items. ALSO READ | Zoom video calls on Tesla cars soon to be a reality? News agency Reuters also reported it, noting that the European Commission can impose fines up to 10 per cent of a company's global turnover for antitrust violations. The news agency also said that Meta has declined to comment on this update. As per the report by POLITICO, the EU regulator might probe how the firm could use data obtained from its advertisers to give an advantage to the Marketplace over competing services unfairly. ALSO READ | Twitter Blue, paywall, advertisers: How Musk plans to bring in more money Urgent calls have been made by EU regulators to the rivals of Facebook to provide evidence of the abuse. The calls were made to know where the alleged harmful conduct across Facebook’s Marketplace actually occurs. The investigation began into the social network company in June of last year and Britain's competition agency also began an enquiry on the same day. Now it is also reported that the charge sheet might be issued before the Christmas break. WATCH | Twitter to become an 'everything app'? Twitter entering the payments markets? × You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

European Union antitrust regulators to hit Facebook with new charges: Report

<p>Facebook’s parent company Meta has decided to follow the examples of tech giants like Twitter and Microsoft to announce massive job cuts. Meta CEO Mark Zuckerburg said on Wednesday that the company will be firing over 11,000 employees following a severe dip in revenue.</p>

<p>"Today I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go."</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/world/us-midterm-elections-2022-live-updates-voting-begins-with-experts-favouring-republicans-532269" hreflang="en">US midterms LIVE | 'Bloodbath!!!': Trump's son tweets as Republicans surge</a></p>

<p>"We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1," he wrote in a blog.</p>

<p>According to CNBC, the employees will receive 16 weeks of base pay as severance and the company will be paying for their healthcare for six months. Zuckerberg apologised to the workers and said, "I want to take accountability for these decisions and for how we got here”.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/world/exit-polls-show-most-voters-dont-joe-biden-to-run-for-president-in-2024-532573">Exit polls show most voters don’t want Joe Biden to run for president in 2024</a></p>

<p>The announcement came amid similar steps taken by Twitter with new owner Elon Musk looking to complete an overhaul of the social media platform. This will be the first budget cut in Facebook’s history and according to experts, it was mainly caused by the failure of the metaverse project.</p>

<p>Apart from the job cuts, Meta has also extended their hiring freeze since March 23 in an attempt to “become a leaner organisation”. &nbsp;The global economy has taken a major hit after the COVID-19 pandemic and that was cited by Zuckerberg while explaining the board’s “tough decisions”.</p>

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Facebook’s parent company Meta has decided to follow the examples of tech giants like Twitter and Microsoft to announce massive job cuts. Meta CEO Mark Zuckerburg said on Wednesday that the company will be firing over 11,000 employees following a severe dip in revenue.

Facebook’s parent company Meta has decided to follow the examples of tech giants like Twitter and Microsoft to announce massive job cuts. Meta CEO Mark Zuckerburg said on Wednesday that the company will be firing over 11,000 employees following a severe dip in revenue. "Today I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go." Also read | US midterms LIVE | 'Bloodbath!!!': Trump's son tweets as Republicans surge "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1," he wrote in a blog. According to CNBC, the employees will receive 16 weeks of base pay as severance and the company will be paying for their healthcare for six months. Zuckerberg apologised to the workers and said, "I want to take accountability for these decisions and for how we got here”. Also read | Exit polls show most voters don’t want Joe Biden to run for president in 2024 The announcement came amid similar steps taken by Twitter with new owner Elon Musk looking to complete an overhaul of the social media platform. This will be the first budget cut in Facebook’s history and according to experts, it was mainly caused by the failure of the metaverse project. Apart from the job cuts, Meta has also extended their hiring freeze since March 23 in an attempt to “become a leaner organisation”. The global economy has taken a major hit after the COVID-19 pandemic and that was cited by Zuckerberg while explaining the board’s “tough decisions”.

'Sorry to those impacted': Facebook's parent company Meta fires more than 11,000 workers

<p>Mark Zuckerberg-owned Meta will be laying off employees on Wednesday morning, the Wall Street Journal (WSJ) reported.</p>

<p>The announcement was made by the CEO on Tuesday morning while addressing hundreds of executives at the company headquarters, foreshadowing large cuts.</p>

<p>Though it is uncertain how many will be asked to go, the WSJ expects the numbers to be in the thousands, making it the largest of the year to date in the tech sector.</p>

<p>Wednesday’s layoff would be the first broad reduction to occur in the&nbsp; company’s 18-year history.</p>

<p>Meta’s head of human resources Lori Goler has assured that the retrenched employees will be provided with at least four months of salary as severance, the newspaper reported citing people familiar with the meeting.</p>

<p>At the meeting, Zuckerberg took responsibility for the overstaffing, which he said was due to his optimism about the company’s growth prospects.</p>

<p>He has specifically mentioned layoffs among business and recruitment teams. The job cuts are expected to start around 6 am Eastern time on Wednesday, with the specific employees losing their jobs informed over the course of the morning.</p>

<p><strong>Watch |&nbsp;WION Business News | Meta preparing large-scale layoffs: Reports</strong></p>

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<p>Meta in September reported that more than 87,000 employees are working with it. According to WSJ, company officials have already told employees to cancel non-essential travel beginning this week.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/twitter-users-may-soon-have-to-pay-more-than-just-8-as-musk-deliberates-putting-platform-behind-paywall-532351">Twitter users may soon have to pay more than $8 as Musk deliberates a paywall</a></p>

<p>Last month, investors wiped $80bn off the company’s market value after it reported that profits had halved during the third quarter.</p>

<p>Meta’s stock has fallen more than 70 per cent this year on the back of disappointing earning reports in the third quarter. In February, it lost $230bn in market value, making it the biggest one-day loss in the history of a US company.</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/after-twitter-now-facebook-parent-company-meta-will-undergo-massive-layoffs-report-531724">After Twitter, now Facebook parent company Meta will undergo massive layoffs: Report</a></p>

<p>Notably, Meta is not the only tech company that has announced job cuts. Twitter Inc has laid off thousands of employees as its new boss Elon Musk tries to shore up the revenues and restructure the company.</p>

<p>Snap Inc., owner of Snapchat indicated in August that it is looking to cut around 20 per cent of staff, or more than 1,000 employees, to prepare for what it said would be an expected period of low sales growth lasting into 2023.</p>

<p>(With inputs from agencies)</p>

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Mark Zuckerberg-owned Meta will be laying off employees on Wednesday morning, the Wall Street Journal (WSJ) reported. The announcement was made by the CEO on Tuesday morning while addressing hundreds of executives at the company headquarters, foreshadowing large cuts.

Mark Zuckerberg-owned Meta will be laying off employees on Wednesday morning, the Wall Street Journal (WSJ) reported. The announcement was made by the CEO on Tuesday morning while addressing hundreds of executives at the company headquarters, foreshadowing large cuts. Though it is uncertain how many will be asked to go, the WSJ expects the numbers to be in the thousands, making it the largest of the year to date in the tech sector. Wednesday’s layoff would be the first broad reduction to occur in the company’s 18-year history. Meta’s head of human resources Lori Goler has assured that the retrenched employees will be provided with at least four months of salary as severance, the newspaper reported citing people familiar with the meeting. At the meeting, Zuckerberg took responsibility for the overstaffing, which he said was due to his optimism about the company’s growth prospects. He has specifically mentioned layoffs among business and recruitment teams. The job cuts are expected to start around 6 am Eastern time on Wednesday, with the specific employees losing their jobs informed over the course of the morning. Watch | WION Business News | Meta preparing large-scale layoffs: Reports Meta in September reported that more than 87,000 employees are working with it. According to WSJ, company officials have already told employees to cancel non-essential travel beginning this week. Also read | Twitter users may soon have to pay more than $8 as Musk deliberates a paywall Last month, investors wiped $80bn off the company’s market value after it reported that profits had halved during the third quarter. Meta’s stock has fallen more than 70 per cent this year on the back of disappointing earning reports in the third quarter. In February, it lost $230bn in market value, making it the biggest one-day loss in the history of a US company. Also read | After Twitter, now Facebook parent company Meta will undergo massive layoffs: Report Notably, Meta is not the only tech company that has announced job cuts. Twitter Inc has laid off thousands of employees as its new boss Elon Musk tries to shore up the revenues and restructure the company. Snap Inc., owner of Snapchat indicated in August that it is looking to cut around 20 per cent of staff, or more than 1,000 employees, to prepare for what it said would be an expected period of low sales growth lasting into 2023. (With inputs from agencies) WATCH WION LIVE HERE:

Meta boss Mark Zuckerberg says mass layoffs to begin from Wednesday morning

The two companies Facebook and Twitter are the market leaders they have huge sway over how consumers behave. A must-have platform for any advertiser and for many aspirants it was one of the dream companies but both these tech giants are now on a firing spree.

WION Dispatch | Meta is laying off 11,000 staff, Zuckerberg says sorry to sacked employees

Mark Zuckerberg is set to pull off an Elon Musk. His company Meta is about to unleash its biggest round of layoffs in history. Thousands of Meta employees are set to be sacked.

Gravitas: Meta set to fire thousands of employees

After mass layoffs at Twitter, it is another big tech company's turn as the Mark Zuckerberg-led Facebook parent Meta is reportedly set to lay off massive number of employees this week.

WION Business News | Meta preparing large-scale layoffs: Reports

<p>Just a couple of days back Twitter underwent massive layoffs, firing around 50 per cent of its employees, now another social media company is reportedly going to travel the same path. As per a report by the Wall Street Journal (WSJ), Facebook's parent company Meta is planning to begin large-scale layoffs this week.</p>

<p>Reuters reports that the layoffs will affect thousands of employees and the announcement will likely come as early as Wednesday.</p>

<p><strong>Watch |&nbsp;WION Business News | Facebook-parent Meta's India head Ajit Mohan quits</strong></p>

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<p>The discouraging news comes as Meta battles a sluggish global economy, TikTok rivalry, Apple privacy changes, worries about big spending on the metaverse, and the looming danger of regulation.</p>

<p>Meta had reduced its ambitions to hire engineers by at least 30 per cent in June, and Mark Zuckerberg had advised staff to prepare for a slowdown in the economy.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musks-twitter-calls-back-some-of-the-fired-employees-says-they-got-laid-off-by-mistake-531720" hreflang="en">Elon Musk's Twitter calls back some of the fired employees, says they got laid off 'by mistake'</a></strong></p>

<p>A few months later, in October, Meta had predicted a dismal Christmas quarter and much higher costs in 2023, which as per its estimates will reduce its stock's market value by around $67 billion and add to the more than half a trillion dollars in value already lost this year.&nbsp;</p>

<p>According to Zuckerberg, it will take around ten years for the investments in the metaverse to pay off. To save costs in the interim, he has been forced to halt employment, cancel projects, and rearrange teams.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/explained-will-twitter-layoffs-breach-american-law-heres-everything-you-need-to-know-531676">Explained: Will Twitter layoffs breach American law? Here's everything you need to know</a></strong></p>

<p>"In 2023, we're going to focus our investments on a small number of high priority growth areas. So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today" he said last month.</p>

<p>Increased interest rates, rising inflation, and the European energy crisis have in recent times not only forced Twitter and Meta, to cut staff, rather several technological businesses, including Microsoft Corp., and Snap Inc., have also reduced employment in recent months.</p>


Just a couple of days back Twitter underwent massive layoffs, firing around 50 per cent of its employees, now another social media company is reportedly going to travel the same path.

Just a couple of days back Twitter underwent massive layoffs, firing around 50 per cent of its employees, now another social media company is reportedly going to travel the same path. As per a report by the Wall Street Journal (WSJ), Facebook's parent company Meta is planning to begin large-scale layoffs this week. Reuters reports that the layoffs will affect thousands of employees and the announcement will likely come as early as Wednesday. Watch | WION Business News | Facebook-parent Meta's India head Ajit Mohan quits The discouraging news comes as Meta battles a sluggish global economy, TikTok rivalry, Apple privacy changes, worries about big spending on the metaverse, and the looming danger of regulation. Meta had reduced its ambitions to hire engineers by at least 30 per cent in June, and Mark Zuckerberg had advised staff to prepare for a slowdown in the economy. Also read | Elon Musk's Twitter calls back some of the fired employees, says they got laid off 'by mistake' A few months later, in October, Meta had predicted a dismal Christmas quarter and much higher costs in 2023, which as per its estimates will reduce its stock's market value by around $67 billion and add to the more than half a trillion dollars in value already lost this year. According to Zuckerberg, it will take around ten years for the investments in the metaverse to pay off. To save costs in the interim, he has been forced to halt employment, cancel projects, and rearrange teams. Also read | Explained: Will Twitter layoffs breach American law? Here's everything you need to know "In 2023, we're going to focus our investments on a small number of high priority growth areas. So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today" he said last month. Increased interest rates, rising inflation, and the European energy crisis have in recent times not only forced Twitter and Meta, to cut staff, rather several technological businesses, including Microsoft Corp., and Snap Inc., have also reduced employment in recent months.

After Twitter, now Facebook parent company Meta will undergo massive layoffs: Report

Meta Platforms Inc's India head Ajit Mohan has quit after four years in the role to join rival Snap Inc, the companies said on Thursday, a high-profile exit for the Facebook parent in its biggest market.

WION Business News | Facebook-parent Meta's India head Ajit Mohan quits

<p>Ajit Mohan, the India head of Facebook's parent Meta Platforms Inc, has resigned after four years in the role, the company said on Thursday (November 3), adding that it remains "deeply committed to India".&nbsp;</p>

<p>Meanwhile, a company spokesperson told the news agency Reuters that Manish Chopra, the director and head of partnerships at Meta India, will take over as interim head.&nbsp;</p>

<p>Nicola Mendelsohn, who is the vice president of the Global Business Group at Meta, said in a statement: "Ajit Mohan has decided to step down from his role at Meta to pursue another opportunity outside of company."&nbsp;</p>

<p>"Over last 4 yrs, he has played imp role in shaping &amp; scaling our India ops so they can serve millions of Indian businesses, partners &amp; people," added Mendelsohn.&nbsp;</p>

<p>The company is still "strongly committed to India," according to Nicola Mendelsohn, vice president of Meta's worldwide business group, in a statement.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/elon-musk-to-cut-up-to-half-of-twitters-current-workforce-report-530836">Elon Musk to cut up to half of Twitter's workforce, revoke work from home: Report</a>&nbsp;</strong></p>

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<p>A source with direct knowledge of the matter told Reuters that Mohan will join rival Snap Inc as a senior executive. He will be overseeing the Asia Pacific region. However, there's no confirmation yet on his next role.&nbsp;</p>

<p>In India, the government has been tightening regulations controlling Big Tech corporations, Facebook is currently facing a number of regulatory problems. For years, the business has come under fire for not doing more to stop the spread of false information and hate speech in India.&nbsp;</p>

<p>By comparison, the Meta-owned messaging service WhatsApp has 563 million users as of November 2021, whilst the platform had close to 450 million users in India.&nbsp;</p>

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Ajit Mohan, the India head of Facebook's parent Meta Platforms Inc, has resigned after four years in the role, the company said on Thursday (November 3), adding that it remains "deeply committed to India".

Ajit Mohan, the India head of Facebook's parent Meta Platforms Inc, has resigned after four years in the role, the company said on Thursday (November 3), adding that it remains "deeply committed to India". Meanwhile, a company spokesperson told the news agency Reuters that Manish Chopra, the director and head of partnerships at Meta India, will take over as interim head. Nicola Mendelsohn, who is the vice president of the Global Business Group at Meta, said in a statement: "Ajit Mohan has decided to step down from his role at Meta to pursue another opportunity outside of company." "Over last 4 yrs, he has played imp role in shaping & scaling our India ops so they can serve millions of Indian businesses, partners & people," added Mendelsohn. The company is still "strongly committed to India," according to Nicola Mendelsohn, vice president of Meta's worldwide business group, in a statement. ALSO READ | Elon Musk to cut up to half of Twitter's workforce, revoke work from home: Report × A source with direct knowledge of the matter told Reuters that Mohan will join rival Snap Inc as a senior executive. He will be overseeing the Asia Pacific region. However, there's no confirmation yet on his next role. In India, the government has been tightening regulations controlling Big Tech corporations, Facebook is currently facing a number of regulatory problems. For years, the business has come under fire for not doing more to stop the spread of false information and hate speech in India. By comparison, the Meta-owned messaging service WhatsApp has 563 million users as of November 2021, whilst the platform had close to 450 million users in India. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Meta's India head Ajit Mohan resigns after four years in the role, may join Snap

<p>The launch of WhatsApp's 'communities' feature has been announced by Mark Zuckerberg. As per Meta, communities&nbsp;feature will now be accessible to all users worldwide.</p>

<p>Since its announcement earlier this year, WhatsApp has been testing the Communities feature in several regions. In essence, it functions as a collection of groups, and sending a message to one community will reach every member of every group.&nbsp;</p>

<p>WhatsApp Communities aims to unite local communities, school parents, and employers. In order to arrange group conversations on WhatsApp, users will be able to connect to numerous groups under a single umbrella. To create Communities, the business has collaborated with more than 50 organisations across 15 nations.</p>

<p><strong>How to use Communities?</strong></p>

<p>Users can access the new communities option at either the top of their chats on Android or the bottom of their chats on iOS. From there, users can either add already-existing groups or create a new Community from scratch. Users may quickly switch between accessible groups once they're in a community to acquire the information they need when they need it, and administrators can deliver crucial updates to everyone in the community.</p>

<p><strong>Purpose of Communities&nbsp;</strong></p>

<p>WhatsApp wants to improve the platform's capacity for broadcasting. It states that this will serve as a benchmark for business communications. Even with the new functionality, WhatsApp insists that it provides a high level of privacy and security. End-to-end encryption, according to WhatsApp, will protect messages and data from even the corporation itself.</p>

<p>Apart from Communities, WhatsApp also enhanced three major features.&nbsp;</p>

<p><strong>32-person video calls</strong></p>

<p>The maximum number of participants in a video call on WhatsApp is now 32. The platform will be used more frequently for organisational purposes thanks to this capability. WhatsApp will be able to compete with platforms like Zoom.</p>

<p><strong>WhatsApp Group Size increased to 1024</strong></p>

<p>WhatsApp is increasing the maximum number of users per group. The limit has increased from 512 to 1024. The larger group size will enable WhatsApp to compete with services like Telegram.</p>

<p><strong>WhatsApp Group in-Chat Polls&nbsp;</strong></p>

<p>Additionally, WhatsApp is launching a new method for conducting group polls. Polls can be a useful tool to vote on significant issues within the group, especially as the number of groups is significantly growing and even with Communities.</p>

<p><em>(with inputs from agencies )</em></p>

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The launch of WhatsApp's 'communities' feature has been announced by Mark Zuckerberg. As per Meta, communities feature will now be accessible to all users worldwide.

The launch of WhatsApp's 'communities' feature has been announced by Mark Zuckerberg. As per Meta, communities feature will now be accessible to all users worldwide. Since its announcement earlier this year, WhatsApp has been testing the Communities feature in several regions. In essence, it functions as a collection of groups, and sending a message to one community will reach every member of every group. WhatsApp Communities aims to unite local communities, school parents, and employers. In order to arrange group conversations on WhatsApp, users will be able to connect to numerous groups under a single umbrella. To create Communities, the business has collaborated with more than 50 organisations across 15 nations. How to use Communities? Users can access the new communities option at either the top of their chats on Android or the bottom of their chats on iOS. From there, users can either add already-existing groups or create a new Community from scratch. Users may quickly switch between accessible groups once they're in a community to acquire the information they need when they need it, and administrators can deliver crucial updates to everyone in the community. Purpose of Communities WhatsApp wants to improve the platform's capacity for broadcasting. It states that this will serve as a benchmark for business communications. Even with the new functionality, WhatsApp insists that it provides a high level of privacy and security. End-to-end encryption, according to WhatsApp, will protect messages and data from even the corporation itself. Apart from Communities, WhatsApp also enhanced three major features. 32-person video calls The maximum number of participants in a video call on WhatsApp is now 32. The platform will be used more frequently for organisational purposes thanks to this capability. WhatsApp will be able to compete with platforms like Zoom. WhatsApp Group Size increased to 1024 WhatsApp is increasing the maximum number of users per group. The limit has increased from 512 to 1024. The larger group size will enable WhatsApp to compete with services like Telegram. WhatsApp Group in-Chat Polls Additionally, WhatsApp is launching a new method for conducting group polls. Polls can be a useful tool to vote on significant issues within the group, especially as the number of groups is significantly growing and even with Communities. (with inputs from agencies )

WhatsApp launches 'communities', upgrades video calls, increases group size

It was a brutal week for the big Tech firms. The biggest US companies have lost nearly a trillion dollars in terms of their valuation before partial rebound. Wall Street losing confidence in resilience of big tech firms?