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)
Short Url
Updated 15 March 2023
Follow

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.

 


Social media platform X tests game streaming and live shopping features

Social media platform X tests game streaming and live shopping features
Updated 03 October 2023
Follow

Social media platform X tests game streaming and live shopping features

Social media platform X tests game streaming and live shopping features
  • Elon Musk posts video of himself playing Diablo IV
  • Move may be attempt to lure streamers to the platform

LONDON: Social media platform X has started to test game streaming and live shopping features.

Elon Musk, X’s owner, posted a video of himself playing Diablo IV on the platform, demonstrating the new features of the X video game streamer system.

Musk wrote: “Tested the X video game streamer system last night. It works! Will try to complete a Tier 100 Nightmare Dungeon tonight live on this platform.”

Musk streamed his gameplay of Nightmare Dungeon, and wrote: “Testing video game streaming on X.”

The X broadcast lasted 52 minutes, of which the first dozen were spent setting up the stream.

The event, which was not advertised by Musk, was watched by a total of 20,000 people, with a peak of 1,300 concurrent viewers.

 

Separately, X has announced a new partnership with Paris Hilton to experiment with live shopping features.

X’s Broadcast feature, which allows users to stream live video, is part of the company’s plan to transform from a short-message website into a more comprehensive social media platform that includes long-form video and other features.

Musk’s testing of the new game-streaming feature suggests that he is trying to compete with Twitch, the leading game-streaming platform owned by Amazon.

Musk is also offering paying subscribers a share of the advertising revenue from their posts, which could lure Twitch streamers who are unhappy with Twitch’s monetization policies.

The gaming and esports industry has experienced exponential growth in recent years, with the Middle East and North Africa region being the fastest-growing area due to demographic and consumption trends.

According to data and analytics streaming platform Streams Charts, Arabic streamers were watched for 120 million hours in 2022 on Twitch, the most popular streaming platform in the region.

Given X’s strong regional presence in MENA, its move to launch game streaming and live shopping features could be a game-changer for the industry and a significant boost for the $38 billion investment strategy unveiled by Saudi Crown Prince Mohammed bin Salman in 2022.

However, the full-scale rollout of these features has not yet been announced, and experts have raised concerns about whether X’s infrastructure can handle the new live video features.

Musk last week attempted to stream from the US border with Mexico, but the video feed abruptly cut out after about four minutes due to technical issues.


Barajoun Studios partners with ORI Animation

Barajoun Studios partners with ORI Animation
Updated 03 October 2023
Follow

Barajoun Studios partners with ORI Animation

Barajoun Studios partners with ORI Animation
  • The alliance aims to enhance the quality of animation in Saudi Arabia

DUBAI: Barajoun Studios has announced a partnership with China’s ORI Animation at the Saudi Film Confex being held at the Riyadh Front Exhibition and Convention Center.

The co-production alliance aims to enhance the quality of animation in Saudi Arabia while also bolstering the growth of local talent.

Barajoun Studios, which specializes in animation and visual effects, covers all aspects of animation and CGI production, from concept design to final render output with a focus on storytelling.

The company is known for the animated feature film “Bilal: A New Breed of Hero,” with upcoming projects including “Little Heroes” and “Star Chaser.”

Last year, MBC Group’s streaming platform Shahid signed a partnership deal with Barajoun to produce five original, Arabic-language animations. These will stream exclusively under the Shahid Originals banner on Shahid VIP over the next three years.

“Aligning with ORI Animation is not just a business decision; it’s a melding of visions,” Ayman Jamal, CEO of Barajoun Studios, said. “Together, we aim to create narratives that are universal in appeal yet unique in delivery.”

China-based ORI Animation was founded in 2006 and has produced five animated feature films and 11 shows including “One Day,” “Sky Wings,” and “Franco Rabbit.”

In 2013, it launched its expansion strategy, which has seen the company form partnerships with 600 media and animation groups from 70 countries.

“Our collaboration with Barajoun Studios is a testament to the limitless possibilities when creativity and technology meet. We are set on a journey to explore and create stories that will be cherished for generations,” said Feng Qian, president of ORI Animation.

The Saudi Film Confex, hosted by the Saudi Film Commission, seeks to promote the social, cultural and economic value of cinema. Running until Oct. 4 after having started on Sunday, the event brings together industry experts, executives and investors from around the world.


Live Nation Middle East makes global push to promote Arabic music

Live Nation Middle East makes global push to promote Arabic music
Updated 03 October 2023
Follow

Live Nation Middle East makes global push to promote Arabic music

Live Nation Middle East makes global push to promote Arabic music
  • Newly appointed Amin T. Kabban to lead team promoting international tours for Arabic artists
  • Company is committed to growing regional talents, exporting Arabic music worldwide, Live Nation Middle East president said

LONDON: Live Nation Middle East, the regional arm of the entertainment giant, is making a global push to promote Arabic music.

The company has appointed Amin T. Kabbani to lead a newly formed team that will focus on booking and promoting international tours for Arabic artists.

“Expanding our operations to include international touring for Arabic talent is a natural progression for Live Nation Middle East,” said James Craven, president of Live Nation Middle East.

“While focusing on established names, Live Nation Middle East is equally dedicated to nurturing up-and-coming regional talent.”

As part of its initiative, the entertainment powerhouse will host events at some of the region’s iconic venues, such as Etihad Arena.

Craven said Live Nation is committed to nurturing up-and-coming Arabic talent and raising the profile of Arabic music around the world.

Kabbani, an industry leader with 15 years of experience, said that he is “truly honored and excited to join the Live Nation Middle East team on this incredible journey of transforming the Arabic touring market.”

He added that this is a “remarkable opportunity to not only shape the future of live entertainment but also to celebrate the rich Arabic culture through unforgettable performances.”

Live Nation Middle East will kick off its global touring business in early 2024 with an 18-stop tour headlined by an iconic Arab artist.


Arab Cinema Week returns for second year

Arab Cinema Week returns for second year
Updated 03 October 2023
Follow

Arab Cinema Week returns for second year

Arab Cinema Week returns for second year
  • Held under the theme ‘Human Bonds,’ the festival will feature films reflecting key events that have affected the Arab world

DUBAI: The second Arab Cinema Week is returning this month to Dubai, UAE.

The inaugural event last year screened nine feature films and six short films — with 11 Arab countries and nine female directors represented.

This year the festival is being held under the theme ‘Human Bonds’ and aims to explore an individual’s connection to a particular society and the effect customs and traditions have on a person’s upbringing, identity and relationships.

The featured films reflect key events that have affected the Arab world — such as the unrest in Lebanon, the earthquake in Morocco and the upheaval in Sudan.

For example, the documentary “Heroic Bodies” explores the position women hold in Sudanese society, and in “My Lost Country,” filmmaker Ishtar Yasin Gutierrez retraces her father’s roots in Iraq, 20 years after the invasion of the country.

Beirut holds a special place in the selection, said Rabih El-Khoury, curator of this year’s festival.

The lineup includes three Beirut-based films: Wissam Charaf’s “Dirty, Difficult, Dangerous,” which tells the story of a Syrian refugee and an Ethiopian domestic worker falling in love in Beirut; Mohamed Soueid’s documentary “The Insomnia of a Serial Dreamer” and Borhane Alaouie’s celebrated feature “Beirut the Encounter,” which was shot during the Lebanese civil war.

Other films this year include “Under the Fig Trees,” “Life Suits Me Well” and “Alam.”

El-Khoury said: “Arab Cinema Week is both an exploration and a celebration of Arab cinema. In a program that invites the spectators to investigate human bonds, Cinema Akil is also fortifying its ties with its tremendous audience and filmgoers, a human bond that remains invaluable.”

The 10-day event will be held at Cinema Akil in collaboration with the UK’s Safar Film Festival from Oct. 6 to Oct. 15.


India police search journalists’ homes and offices in the country’s latest raids on media

India police search journalists’ homes and offices in the country’s latest raids on media
Updated 03 October 2023
Follow

India police search journalists’ homes and offices in the country’s latest raids on media

India police search journalists’ homes and offices in the country’s latest raids on media
  • Indian authorities raid NewsClick over allegations of illicit funding
  • India’s crackdown on journalists and media outlets has raised international concerns

NEW DELHI: Indian police raided the offices of a news website that’s under investigation for allegedly receiving funds from China, as well as the homes of several of its journalists, in what critics described as an attack on one of India’s few remaining independent news outlets.
The raids came months after Indian authorities searched the BBC’s New Delhi and Mumbai offices over accusations of tax evasion in February.
NewsClick, founded in 2009, is known as a rare Indian news outlets that is willing to criticize Prime Minister Narendra Modi. A number of other news organizations have been investigated for financial impropriety under Modi’s Hindu nationalist government, as international monitors warn that press freedom is eroding in India.
Indian authorities registered a case against the site and its journalists on Aug. 17, weeks after a New York Times report alleged that the website had received funds from an American millionaire who, the Times wrote, has funded the spread of “Chinese propaganda.” NewsClick has denied the charges.
The case was filed under a wide-ranging anti-terrorism law that allows charges for “anti-national activities” and has been used against activists, journalists and critics of Modi, some of whom have spent years in jail before going to trial. No one has been arrested in connection with NewsClick so far.
The Press Trust of India news agency cited unidentified officials as saying that investigators took data from the laptops and mobile phones of journalists, and that two journalists were detained.
At least two journalists whose houses were raided by Delhi police confirmed their devices were seized.
“Delhi police landed at my home. Taking away my laptop and phone,” journalist Abhisar Sharma wrote on X, the platform formerly known as Twitter.
Delhi police did not immediately respond for a comment, but India’s junior minister for information and broadcasting, Anurag Thakur, told reporters that “if anyone has committed anything wrong, search agencies are free to carry out investigations against them.”
In August, Thakur accused NewsClick of spreading an “anti-India agenda,” citing the New York Times, and of working with the opposition Indian National Congress party. Both NewsClick and the Congress party denied the accusations.
Reporters Without Borders, an advocacy group for journalists, ranked the country 161st in its press freedom rankings this year, writing that the situation in the country has deteriorated from “problematic” to “very bad.”
The Press Club of India said it was “deeply concerned about the multiple raids conducted on the houses of journalists and writers associated with NewsClick.”
“The PCI stand in solidarity with the journalists and demands the government to come out with details,” it wrote in a statement on X.
Ties between India and China have been strained since 2020, when clashes between the two militaries in a disputed border area killed at least 20 Indian troops and four Chinese soldiers. Since then, New Delhi has banned many Chinese-owned apps, including TikTok, and launched tax probes into some Chinese mobile phone companies.
The Modi administration has also introduced rules that require government approval for investments by companies from China and other countries that neighbor India.