Facebook and Instagram Down Globally!
The Facebook and Instagram applications are currently experiencing a widespread outage globally, as reported around 5:30 p.m. Bulgarian time
The Meta company, which owns the social networks Facebook and Instagram, plans to lay off thousands of its employees this week, global agencies reported, citing a Wall Street Journal publication.
As of September 30, Meta had over 87,000 employees worldwide. But its results last quarter were disappointing, and then the company's boss, Mark Zuckerberg, mentioned that its staff will not be increased until the end of 2023 and even hinted that it will be reduced slightly.
According to the American publication, the layoff plan will be announced on Wednesday and several thousand employees will be affected by it. This will be the first such plan in the history of the social network giant.
Twitter also announced layoffs last Friday.
For the third quarter, Meta's net income melted to $4.4 billion, which is 52 percent on per year basis.
Already at the beginning of the year, Meta admitted that its Facebook network had lost users. And the large investments to build a metaverse no longer reassure investors who doubt that the company will reap significant benefits from this parallel universe.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/ClubZ
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
In a latest twist to the unfolding saga of political intrigue, the Sofia City Prosecutor's Office has announced charges against former Interior Ministry Secretary General Zhivko Kotsev, implicating him in an alleged criminal group
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022