![]() Meta declined to comment on the memo, referring instead to a post that Zuckerberg made in March declaring 2023 the “year of efficiency” and setting a timetable in which to announce restructuring and layoffs in tech groups in late April and then in business groups in late May. Meta asked that North American employees who can work from home do so on Wednesday to process the news, the memo showed. The memo circulated to managers indicates that teams will be reorganized and some remaining employees will be reassigned to work under new managers. Meta shares fell 1.6% to $214.41 in pre-market trading, tracking a broader decline in stocks. Meta in particular is aiming to become leaner and rebalance its ratio of technologists and engineers to business and administrative staff. It also extended a hiring freeze through the first quarter, adding to an industry-wide pullback in recruiting and spending across Silicon Valley. Meta already cut about 13% of its workforce, or about 11,000 jobs, in November. Read more: Meta to Cut 10,000 Jobs, 5,000 Open Roles in Deeper Pullback A further round of cuts is set to follow in May. ![]() The move is part of a cost-cutting push that will eventually eliminate 10,000 positions at the company, as announced by Zuckerberg in March. The memo indicates Facebook, WhatsApp, Instagram and Reality Labs - which houses the firm’s virtual reality efforts and Quest hardware - will be affected. The Facebook parent company told managers that they should prepare for job cut announcements on Wednesday, according to a memo seen by Bloomberg News. ![]() Macron’s Push to Get China’s Help on Ukraine Is Unravelingįour Reasons Why Investors Expect US Dollar to Keep SlidingĬhina Says It ‘Respects’ Sovereign Ex-Soviet States After Furor Reuters 2 June, 2023 08:33 pm IST (Reuters) Inc is in talks with several telecom providers to offer low-cost or possibly free mobile phone service to U.S. is set to start cutting jobs across the company on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency this year. Customers need to trust a brand and have a voice in how their information is collected and used or they will take their business elsewhere.īlake Morgan is a customer experience futurist, keynote speaker and the author of the bestselling book The Customer Of The Future. ![]() WhatsApp shows that customers are quick to leave when they don’t trust a company or agree with its privacy practices. In the new privacy landscape, it’s companies that prioritize data protection and build trust with their customers that will come out on top. They may be willing to share some of their personal information with brands, but only if it improves personalization and the overall experience. They want to hold their data and personal information as close as possible. Consumers see the value of being in control of their data and having it protected. In many ways, WhatsApp’s decision to share data goes against the progress that has been made. The EU’s General Data Protection Regulation (GDPR) and the California Consumer Protection Act (CCPA), among other regulations, give consumers the power to know who is collecting their data, how it is being used and even request that it be deleted. ![]() In recent years, privacy has come to the forefront, with many companies returning power to consumers to be in control of their own data. It says the update provides further transparency into how WhatsApp collects data.īut even with the clarification, the new policy raises some red flags about customer privacy and consent. Information that a user sends to a business can be collected and shared with Facebook for advertising. Since releasing the initial policy change, WhatsApp has clarified that the company doesn’t collect data from messages sent between family members and friends, just from personal information and what users send businesses. ![]()
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