Meta axes another 10,000 jobs in new round of cuts

In this file photo taken on October 28, 2021, a person walks past a newly unveiled logo for
In this file photo taken on October 28, 2021, a person walks past a newly unveiled logo for "Meta," Facebook's parent company, outside Facebook headquarters in Menlo Park, California. (AFP)
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Updated 15 March 2023
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Meta axes another 10,000 jobs in new round of cuts

Meta axes another 10,000 jobs in new round of cuts
  • The first victims will be Meta’s recruitment department as the company officially puts an end to the hiring spree that came when big tech ramped up operations to meet high demand during the coronavirus pandemic

WASHINGTON: Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company’s “year of efficiency” as the US tech sector continues to downsize.
In an email to employees, Zuckerberg said Meta would shed 10,000 jobs over the next few months, targeting middle management, and that 5,000 other roles would remain unfilled.
The cuts follow a cull of 11,000 positions announced by the company in November that started a wave of similar jobs cuts across big tech companies, including Amazon, Google and Microsoft, but not Apple.
With the second announcement, the California-based company will have ridded itself of roughly 25 percent of its workforce in just four months.
“This will be tough and there’s no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success,” Zuckerberg said.
The first victims will be Meta’s recruitment department as the company officially puts an end to the hiring spree that came when big tech ramped up operations to meet high demand during the coronavirus pandemic.
In subsequent months, tech and business departments will also be affected and “in a small number of cases, it may take through the end of the year to complete these changes,” Zuckerberg said.
In January, the multibillionaire Meta founder warned that further pain was coming when he told analysts the company’s “management theme for 2023 is the ‘Year of Efficiency’” and that he would focus on making the company “a stronger and more nimble organization.”
Meta had suffered a rough 2022 amid a souring economic climate, which forced advertisers to cut back on marketing, and Apple’s data privacy changes, which have reduced leeway for ad personalization.
“For most of our history, we saw rapid revenue growth year after year and had the resources to invest in many new products. But last year was a humbling wake-up call,” Zuckerberg wrote.
“I think we should prepare ourselves for the possibility that this new economic reality will continue for many years.”

The company is also under pressure for making a huge gamble on the metaverse, the world of virtual reality that Meta believes will be the next frontier online.
“Zuckerberg promised investors that 2023 would be a year of efficiency for Meta and he needs to make good on that,” said Insider Intelligence analyst Jasmine Enberg.
“Meta knows it needs to downplay its farfetched and costly metaverse ambitions, and highlight the work it’s doing in the near term to improve its core services as new threats, like AI, rise,” she added.
In another blow to the metaverse promise, Zuckerberg said early analysis showed that engineers collaborating in person with colleagues were more efficient than those working remotely.
He said the company was “focusing on understanding this further,” but that “in the meantime, I encourage all of you to find more opportunities to work with your colleagues in person.”
The problems last year sent the company’s share price down by an astonishing two thirds over 12 months, but the stock has recovered in 2023, with investors satisfied by Zuckerberg’s pledge to run a leaner company.
Meta’s share price shot up by more than seven percent percent after the announcement of the latest job cuts.
Meta’s chief executive said he “will make our organization flatter by removing multiple layers of management” which would mean many managers will be ordered to become “individual contributors.”
Zuckerberg explained he was pleasantly surprised by the benefits of running a more tightly organized operation where “many things have gone faster” with the elimination of lower priority projects.
“A leaner org will execute its highest priorities faster. People will be more productive, and their work will be more fun and fulfilling,” he said.

 


Amazon steps up AI race with $4 bn Anthropic investment

Amazon steps up AI race with $4 bn Anthropic investment
Updated 26 September 2023
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Amazon steps up AI race with $4 bn Anthropic investment

Amazon steps up AI race with $4 bn Anthropic investment
  • Amazon is to leverage Anthropic’s technology to power its cloud, other services

PARIS: Amazon said on Monday it would invest up to $4 billion in AI firm Anthropic, as the online retail giant steps into an AI race dominated by Microsoft, Google and OpenAI.
The success of OpenAI’s ChatGPT, a chatbot released last year that is able to generate poems, essays and other works with just a short prompt, has led to billions being invested in the field.
Amazon had already announced it aimed to soup up its Alexa voice assistant with generative AI, which the firm said would allow users to have smoother conversations.
San Francisco-based Anthropic is seen as a leader in the field and has its own chatbot, Claude, a competitor to ChatGPT.
“We have tremendous respect for Anthropic’s team and foundation models, and believe we can help improve many customer experiences, short and long-term, through our deeper collaboration,” said Amazon CEO Andy Jassy.
The giant firms and wealthy investors of Silicon Valley have poured money into artificial intelligence as they seek to find a killer application to justify the interest.
ChatGPT’s instant success threw much of the focus onto chatbots and sparked imitators and rivals, not least from Google with its Bard chatbot.
Chinese titans Tencent and Baidu have also launched bots they claim can rival ChatGPT.


As part of Monday’s deal, Anthropic will use Amazon’s chips to develop its next models.
The AI firm will also use Amazon’s cloud services — the data centers that store and process data on a vast scale — for “mission critical workloads.”
Amazon said it would take a “minority ownership position” in the AI firm, which has already raised more than $1 billion since it was set up in 2021.
The statement announcing the deal focuses on the benefits to clients of Amazon’s cloud computing arm, Amazon Web Services (AWS).
It promises that “Claude,” which is the name of the Anthropic’s chatbot and its model, will “help customers of all sizes to develop new generative AI-powered applications to transform their organizations.”
The deal intensifies competition between Amazon and Google, which had earlier opened its cloud services to Anthropic and invested $300 million to acquire 10 percent of the company.
AI models require huge computing power so AI firms rely on data centers provided by the likes of AWS, Google Cloud and Microsoft Azure.
As tech giants push their own AI ambitions, they have been increasingly looking at tie-ins with smaller AI firms — Microsoft leading the way with a multibillion-dollar investment in OpenAI.


British media organizations condemn Meta’s decision to ditch Facebook News

British media organizations condemn Meta’s decision to ditch Facebook News
Updated 26 September 2023
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British media organizations condemn Meta’s decision to ditch Facebook News

British media organizations condemn Meta’s decision to ditch Facebook News
  • In a letter to the company’s global affairs president they also slammed Meta for dumping a scheme through which it funds local journalism in the UK
  • They said: ‘Particularly as we near a general election, these deliberate actions pose an urgent threat to democracy by choking trusted news’

DUBAI: British media organizations have condemned a decision by Meta to phase out Facebook News, a dedicated tab in the bookmarks section of Facebook that spotlights news, in some countries. They also slammed the company’s plans to end a scheme through which it funds local journalism in the UK.

Reach, one of the UK’s largest newspaper publishers, and the News Media Association sent Meta’s global affairs president, Nick Clegg, a letter criticizing moves they described as “financially damaging” and “deeply concerning for democracy and society.”

They added: “Particularly as we near a general election, these deliberate actions pose an urgent threat to democracy by choking trusted news — both financially for the media industry and practically, for audiences accustomed to trusting your platform for information.”

In addition to Clegg, a former leader of the Liberal Democrats who served as the UK’s deputy prime minister in his party’s coalition government with the Conservatives from 2010 to 2015, the recipients of the letter reportedly included Lucy Frazer, the UK’s culture secretary, and Michelle Donelan, the technology minister.

Meta announced this month that it plans to “deprecate” Facebook News in early December in the UK, France and Germany, as part of an “ongoing effort to better align our investments to our products and services people value the most.”

The company, which has increasingly been shifting its focus to short-form video and other new-tech services, said people do not come to Facebook for news and political content.

“News makes up less than three percent of what people around the world see in their Facebook feed, so news discovery is a small part of the Facebook experience for the vast majority of people,” Meta said.

However, the organizations that sent the letter of protest argued that “platforms such as Facebook continue to be key discovery routes for news for millions of people, and indeed voters, as Ofcom’s News Consumption in the UK 2022/23 report showed earlier this year.”

Reach, which owns national and local newspapers, including the Daily Mirror, Daily Express and Daily Star, previously attributed a financial decline to Facebook.

In its half-year earnings, the publisher revealed a revenue drop of 6.1 percent year-on-year, and overall its titles experienced a 16 percent decline in website page views. The company said at the time that had Facebook not made a change that deprioritized news, it would have expected page views to decline by only 2 percent.

The letter also admonished Meta for its decision to cancel funding for its Community News Project, introduced in 2018, through which Meta pledged £4.5 million ($5.5 million) to help fund 80 new community journalists in the UK.

“We recognize the important role Facebook plays in how people get their news today and we want to do more to support local publishers,” Meta said at the time of launch.

The letter’s signatories reminded the company of its commitment, saying: “If Meta truly believes, as it stated only 18 months ago, that ‘local newspapers are the lifeblood of communities,’ then it is crucial that the company acts to support, rather than undermine, the sustainability of journalism in the UK by continuing these valuable and successful initiatives.”

The News Media Association and Reach called for a meeting with representatives of Meta to discuss how it can support news publishers and the distribution of trustworthy reports and information.


Cadillac Arabia launches gaming-focused campaign for Saudi National Day

Cadillac Arabia launches gaming-focused campaign for Saudi National Day
Updated 25 September 2023
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Cadillac Arabia launches gaming-focused campaign for Saudi National Day

Cadillac Arabia launches gaming-focused campaign for Saudi National Day
  • Game parade will feature cars decorated in KSA flags or colors 

DUBAI: Cadillac Arabia invited Saudi gamers to “Maseerat Cadillac,” the brand’s first game parade on the video game Forza Horizon 5, to celebrate Saudi National Day on Sept. 23 at 7 p.m.

The campaign draws inspiration from Saudis’ passion for gaming and combines it with the tradition of decorating cars with KSA flags or colors to take part in parades across the country, Cadillac said.

The brand has partnered with local influencer Powr Rakan, who livestreamed the parade on his Twitch channel.

Embed post: https://www.instagram.com/p/CxVsH1VvIJB/?hl=en

Gamers were invited to join the parade on Forza Horizon 5 by designing their Cadillac cars around the Saudi National Day theme. They could also submit their designs through Discord for a chance to win prizes by Rakan.

The first-prize winner will receive an Xbox Series X bundle with Forza Horizon 5, and the second and third-prize winners will take home an Xbox Series S and Xbox Elite Series II Controller, respectively.

Participants could also win prizes by joining the Twitch stream and commenting on the livestream.

Saudi Arabia is home to a growing gaming community, and the Kingdom has made significant efforts to bolster the local gaming industry.

In February, Saudi Arabia’s sovereign wealth fund became the biggest outside investor in Nintendo, and earlier this year, the Kingdom hosted a major gaming tournament, Gamers8.


Iran International TV returns to air from high-security studio

Iran International TV returns to air from high-security studio
Updated 25 September 2023
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Iran International TV returns to air from high-security studio

Iran International TV returns to air from high-security studio
  • London-based broadcaster suspended operations in February over threats to staff
  • UK authorities claimed Iranian government behind threats, Tehran denied involvement

LONDON: Iran International returned to air on Monday from a new high-security studio in London.

The Farsi-language news broadcaster closed in February following alleged threats from the Iranian government.

But the TV channel’s head of news, Aliasghar Ramezanpoor, told The Sunday Times: “We are saying, ‘you are back — you are finding your voice again.’ As a journalist, I feel it is my moral obligation. People are putting their trust in us.”

British authorities claimed broadcast staff, particular those born in Iran, had been the target of “multiple threats,” adding that due to the studio’s former location in Chiswick Business Park police could not guarantee workers’ safety.

The station’s offices have been relocated to a new, high-security site in north London with steel barriers and armed patrols.

Following the decision to shut down the station in mid-February based on recommendations from Scotland Yard, the channel and parts of its staff were relocated to Washington as a temporary solution.

Ramezanpoor, who has reportedly received three credible death threats since last year, said that the suspension of the London operation had been a major blow to the broadcaster and expressed hope that the channel and its journalists would be able to reconnect with viewers.

Iran International, which is owned by private investors, including a British Saudi businessman, claimed to have 30 million viewers in Iran and among the Iranian diaspora.

The broadcaster, which provided round-the-clock updates during the protests that erupted in the country following the death of Mahsa Amini in police custody last year, said it relied heavily on amateur footage sent in by citizens in Iran.

Saeid Habil, a senior television and radio journalist at Iran International, said that the channel’s coverage of the events prompted the government to try and shut down its operations.

The Iranian government has denied any involvement in threats against Iran International staff. However, Iran’s intelligence minister, Esmail Khatib, recently described the station as a “terrorist network” and said the regime would take “offensive security measures … whenever and wherever we deem appropriate.”

The channel’s return to air comes at a time of heightened tensions between Iran and the West.

Tehran has been accused of providing drones to Russia for use in the war in Ukraine, and it is also facing international pressure over its nuclear program.

And an Iranian government official was recently accused by Iran International of attacking one its journalists covering President Ebrahim Raisi’s stay in New York.


Indonesia may issue regulations on social media e-commerce this week

Indonesia may issue regulations on social media e-commerce this week
Updated 25 September 2023
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Indonesia may issue regulations on social media e-commerce this week

Indonesia may issue regulations on social media e-commerce this week
  • Trade Ministry likely to impose strict regulations
  • Social media platforms are threatening offline markets, ministry said

JAKARTA: Indonesia may issue on Tuesday a regulation on the use of social media to sell goods in the country, President Joko Widodo said, a move intended to quell threats to offline markets in Southeast Asia’s biggest economy.
Ministers have repeatedly said that e-commerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.
“We just...decided on the use of social media for e-commerce. Tomorrow it will perhaps come out,” Widodo, who is commonly known as Jokowi, said in a streamed video address on Monday.
“What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies.”
Jokowi did not mention any specific companies or offer further details on the regulation, which is being formulated by the trade ministry.
Current trade regulations do not specifically cover direct transactions on social media.
Deputy Trade Minister Jerry Sambuaga said earlier this month that “social media and social commerce cannot be combined,” vowing to ban the mix of the two and citing TikTok’s “live” features which allow people to sell goods.
A TikTok Indonesia spokesperson declined to comment. TikTok is owned by Chinese tech company ByteDance.
The company said that its app had 325 million Southeast Asian users that were active every month, of whom 125 million were in Indonesia. The company has said that there were 2 million small businesses on TikTok Shop in Indonesia.