Meta is reportedly conducting quiet layoffs at Facebook that may lead to thousands of job cuts at least 12,000 or about 15 per cent of its workforce. 12k Facebook Employees Likely To Lose Jobs, Meta Reportedly Conducting Quiet Layoffs.
Meta said that it is also removing vanish mode from Messenger, but disappearing messages will still be available in the settings of end-to-end encrypted chats.
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Meta CEO Mark Zuckerberg said he's slowing the pace of the Facebook parent's investment in new projects, including the metaverse, after revenue missed estimates.