Skip to content
hollywoodstarshoney

hollywoodstarshoney

Long Life Business

Primary Menu
  • Business Management
  • Business Analysis
  • News Business
  • Investment
  • Insurance
  • Banking
  • About Us
    • Privacy Policy
    • Contact Us
    • Advertise Here
    • Sitemap
  • Home
  • Meta mulls reducing money it gives news organizations – The Information
  • News Business

Meta mulls reducing money it gives news organizations – The Information

By Patricia A. Eldridge 1 year ago

Check out what’s clicking on FoxBusiness.com.

Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years, The Information reported on Monday, citing people familiar with the matter.

Ticker Security Last Change Change %
FB META PLATFORMS INC. 196.25 -7.52 -3.69%

The social media giant has noticed that fewer people have been clicking on links to news articles since Donald Trump left office, the report added, citing the people.

The Instagram parent did not immediately respond to a Reuters request for comment.

META TO LAUNCH FIRST RETAIL STORE

Meta last week said it was slowing the growth of its workforce after recording its slowest revenue growth in a decade and Chief Executive Officer Mark Zuckerberg said it would scale back costs.

Meanwhile, on Saturday Meta announced it is planning to halt or slow down hiring for most mid-to-senior level positions as the tech giant faces headwinds both domestically and abroad. 

Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years. ((AP Photo/Tony Avelar, File) / AP Newsroom)

The company’s recruiters have already begun the process of pausing tech screens and interviews for some roles, with a few exceptions, in fairness to candidates and to minimize the burden on its interviewers. 

“We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly,” A spokesperson for Meta told FOX Business in a statement. “However, we will continue to grow our workforce to ensure we focus on long term impact.”

FACEBOOK PARENT META’S SHARES JUMP DESPITE REVENUE SLOWDOWN

Meta notes its hiring efforts are currently outpacing active recruiting goals based on volume and changing business demand in a post-pandemic market.

The move follows the company’s recent pause on hiring entry-level engineers. Meta emphasized that there are no planned layoffs. 

Facebook CEO Mark Zuckerberg earnings

Facebook CEO Mark Zuckerberg (AP Newsroom)

Meta earned $7.47 billion, or $2.72 per share, during the first quarter of 2022, down 21% from $9.5 billion, or $3.30 per share, in the same period a year earlier. Meanwhile, revenue rose 7% to $27.91 billion from $26.17 billion — the slowest growth rate in a decade for the online advertising powerhouse that generally reports sales growth in the double digits. 

CLICK HERE TO READ MORE ON FOX BUSINESS

During the quarter, Meta added over 5,800 net new hires, the majority of which were in technical functions. The figure is more than the entirety of the company’s hiring during 2021. As a result, Meta’s headcount grew 28% year over year to a total of more than 77,800 full-time employees.

– Fox Business’ Lucas Manfredi contributed to this report. 

Tags: ""Succeeded His Business"", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous Business News for May 4, 2022
Next Baby formula shortage hits ‘crisis’ level, sparking panic in parents across US

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • November 2018
May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Recent Posts

  • Koh Samui, Thailand – Opportunities in Real Estate Investment
  • China Investment Research: Pollution Weighing Down China’s Future
  • Bank Small Business Sales Strategies – 4 Steps to Address Branch Sales Time Challenges
  • How Social Media Can Help Your Business Grow
  • Free Methods To Make Money Online

BL

Tags

Amazon Business Credit Card American Airlines Business Class Att Business Login Austin Business Journal Best Bank For Small Business Best Business Bank Accounts Best Business Schools In Us Best Business To Start British Airways Business Class Business Business Attire Men Business Card Ideas Business Casual Shoes For Women Business Continuity Planning Business Entity Search Business Letter Template Business Management Degree Business Manager Facebook Business Plan Outline Business School Rankings Colorado Business Search Delaware Business Entity Search Drop Shipping Business Family Business Bet Fox Business Live Georgia Sos Business Search Google Business Account Harvest Small Business Finance How To Build Business Credit Is Saturday A Business Day Is Sears Still In Business Management Microsoft 365 Business My Business Google Name Generator Business None Of Your Business Ny Sos Business Search Open A Business Bank Account Pa Business Search Plus Size Business Casual Pnc Business Banking Sos Business Search Ca Sunbiz Business Search Taking Care Of Business The Business Of Being Born
hollywoodstarshoney.com | Magazine 7 by AF themes.

WhatsApp us