Facebook parent company Meta Platforms told employees it was implementing a hiring freeze and would restructure some teams as it looks to cut costs, Bloomberg reported . During a Q&A session, CEO Mark Zuckerberg said budgets would be cut for most teams. Individual teams will determine headcount changes, such as not filling rolls when people leave or managing “manage out people who aren’t...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Exclusive enterprise Finance
Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
Exclusive startups Finance
Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal.
Exclusive ai venture capital
Wall Street Firm Citadel Securities Courts AI Startups for Trading Edge