10,000 to lose jobs as Facebook gives important update - The Source
ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home News

10,000 to lose jobs as Facebook gives important update

The Source by The Source
March 14, 2023
in News
0
0
SHARES
5
VIEWS
Share on Facebookshare on whatsappShare on Twitter

[ad_1]

Meta, the owner of Facebook, Instagram and WhatsApp, has announced plans to cut 10,000 jobs following a dramatic slowdown in revenue in 2022.

Recall the social media giant had last November, laid off 11,000 employees.

In a memo, Mr Zuckerberg cited higher interest rates in the US, global geopolitical instability and increased regulation as some of the factors affecting Meta, and contributing to the slowdown.

“I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,” he said.

The latest job cuts come as companies, including Google and Amazon, have been grappling with how to balance cost-cutting measures with the need to remain competitive.

At the start of this year, Amazon announced it planned to close more than 18,000 jobs because of “the uncertain economy” and rapid hiring during the pandemic, while Google’s parent company Alphabet made 12,000 cuts.

According to layoffs.fyi, which tracks job losses in the tech sector, there have been more than 128,000 job cuts in the tech industry so far in 2023.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Governorship poll: Lagos, Oyo, Nasarawa, Rivers, Delta, Kaduna, five others are key battle states

As 28 new governors are set to emerge this weekend, about a third of the states in contention have emerged as battlegrounds, Nigerian Tribune’s survey has…

2023 elections: Tinubu’s victory not God’s plan for Nigeria, Peter Obi replies Aisha Buhari, others

The standard-bearer of the Labour Party (LP), Peter Obi, on Monday, replied to the recent comments by members of the All Progressives Congress (APC) that the…

I never intended to toy with any lady’s emotions —Yemi Cregx

Yelissa, the pair of Yemi Cregx and Nelissa Mchunu, were evicted last Sunday to the shock of many following the show having topped discussions across…

2023 presidential poll: We’ll hit streets if courts don’t work – LP

The Labour Party (LP) said it is prepared to hit the streets to press for its mandate if the courts fail to ensure justice over the…

Super Eagles legend Vincent Enyeama ranked greatest African goalkeeper

Super Eagles goalkeeper, Vincent Enyeama has been ranked as the greatest African goalkeeper in history by the…

EDITORIAL: Aderinto’s Dan David prize win

THE taste of victory is particularly sweeter in the aftermath of a series of defeats. We are reminded of this paradox of human life as…

[ad_2]

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Previous Post

Rhodes-Vivour assures Arewa, other communities of ending sufferings in Lagos if elected

Next Post

Lagos ranked 313 in world’s most polluted cities

The Source

The Source

Related Posts

PDP Must Accept Reality Ahead of 2026 Polls, Says APC Chairman
News

Adeleke’s Aide Slams APC’s Misinformation Campaign on Security Votes

by The Source
August 16, 2025
NCC Welcomes Newly Appointed Board Members
News

NCC Welcomes Newly Appointed Board Members

by The Source
August 15, 2025
Speakership Battle: Pressure On Shettima, Adamu To Stop ‘aggrieved Aspirants Coalition’
News

FRC Boss Raises Alarm Over Lack of Sanctions in Fiscal Responsibility Act

by The Source
August 14, 2025
ITF Ratifies Osun as South-West Zonal Headquarters
News

Islamic Group Condemns Withholding of Osun Local Government Funds

by The Source
August 14, 2025
OAU Postpones Matriculation Indefinitely, Admonishes Students To Continue Their Academic Activities
News

OAU Student Commits Suicide over Poor Academic Results

by The Source
August 14, 2025
Next Post

Lagos ranked 313 in world's most polluted cities

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke Health IGP INEC Kaduna Lagos Muslims Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke Health IGP INEC Kaduna Lagos Muslims Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • Adeleke’s Aide Slams APC’s Misinformation Campaign on Security Votes
  • OAU Student’s Suicide Triggers Mental Health Push
  • Ekiti gov, Aragbiji, Ogunsua Commission Kings FM in Iragbiji

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In