Plus: Is the latest round of tech layoffs a sign of impending doom, or a much-needed structural correction?
Category: Meta Platforms Inc
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A Verified Mess: Turmoil From Twitter to FTX
The New York Times – Business: -
Laid Off by Twitter, Then Tweeting About It
The New York Times – Business:Tech companies that created more workplace transparency see their own tools used to critique them.
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When Tech Stocks Sputter, the Entire Stock Market Sinks
The New York Times – Business:Stocks like Meta, Microsoft, Amazon and Apple have suffered staggering losses this year. But is this a good time to buy? Maybe, if you’re in it for the long term, our columnist says.
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Tech’s Talent Wars Have Come Back to Bite It
The New York Times – Business:Hiring the best, the brightest and the highest number of employees was a badge of honor at tech companies. Not anymore as layoffs surge.
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FTX’s Near-Collapse Batters the Crypto Industry
The New York Times – Business:Prices of digital currencies have tumbled even after the exchange FTX announced a provisional lifeline by a top rival, Binance.
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Meta Lays Off More Than 11,000 Employees
The New York Times – Business:The parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.
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Meta Is Said to Plan Significant Job Cuts This Week
The New York Times – Business:Mark Zuckerberg, Meta’s chief executive, said last month that many “teams will stay flat or shrink over the next year” as his company faces economic challenges.
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Elon Musk Takes a Page Out of Mark Zuckerberg’s Social Media Playbook
The New York Times – Business:As Mr. Musk takes over Twitter, he is emulating some of the actions of Mr. Zuckerberg, who leads Facebook, Instagram and WhatsApp.
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Credit Suisse Plans a Big Retreat From Wall Street
The New York Times – Business:Shares in the Swiss banking giant tumbled after its executive team laid out the details of a long-awaited restructuring plan.
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Tech’s Biggest Companies Are Sending Worrying Signals About the Economy
The New York Times – Business:A series of quarterly earnings reports is showing that even Silicon Valley’s most powerful companies are feeling the impact of inflation and rising interest rates.
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Meta Quarterly Earnings: Profit Declines With Losses in Reality Labs
The New York Times – Business:The social networking company, which is trying to shift into the so-called metaverse, posted falling sales and said it was “making significant changes” to operate more efficiently.
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Tech Stocks Tumble as Growth Falters
The New York Times – Business:Disappointing earnings from Microsoft, Alphabet and Texas Instruments reveal the big challenges facing technology giants.