Meta Platforms could generate tens of billions in revenue if the owner of Facebook, Instagram and WhatsApp can win over businesses and customers to the use of AI chatbots.
Although artificial intelligence (AI) has been a popular investing theme over the past two years, there is still plenty of room for more growth in 2025. The tech world is just getting started with some of the most important parts of AI implementation, which means that many companies with significant AI exposure are far from done realizing their potential gains.
Meta may have to "roll back or pause" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the U.S. company seen by Reuters.
Company reveals plans to cut about 5% of its global workforce days after saying it would get rid of factcheckers
Meta is cutting around 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year. Riley Griffin has more on "The Asia Trade.
Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an “intense” year ahead. Meta had roughly 72,000 people, so a 5% reduction would mean a loss of 3,600 jobs.
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
Meta may plan for annual performance-based job cuts to boost employee performance standards. The strategy aims to increase non-regrettable attrition and remove the lowest performers.
Meta, the parent company of Facebook and Instagram, is cutting the lowest-performing 5% of its workforce and plans to fill those roles later this year, the company said in a memo.
This option trade lets you go bullish on Meta with low risk but a high reward if the stock nails the target. The post Meta Stock Bullish Butterfly: A $2,200 Potential Payoff Comes With Just $300 Risk appeared first on Investor's Business Daily.
As well as ditching fact-checkers, Facebook and Instagram owner Meta Platforms Inc (NASDAQ:META) is planning to cut 5% of the staff it sees as the "low-performers". This equates to roughly 3,600 roles, based on the 72,404 global employees recorded as of the end of its most recent earnings report.
The company said in a memo sent to its employees on Tuesday that the layoffs would be based on performance ratings.