Online furniture retailer Wayfair is planning to lay off more than 5% of its workforce, or around 1,000 employees, according to a report from The Wall Street Journal. The cuts are the Boston-based company’s second round of layoffs in six months. Wayfair has struggled to get costs under control after growing rapidly during the pandemic, when consumers stuck at home raced to purchase new...
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Problems Inside Facebook Gaming’s Black Creator Program; Meta Expects Revenue to Drop
On Monday, I reported that Meta Platforms has reduced the contracts it paid out to creators on its game-streaming service Facebook Gaming. As part of my reporting, I confirmed that Meta let its Black Gaming Creators Program, a $10 million fund, sunset at the end of last year. That brings up an important question of how successful this fund and others like it have been in supporting Black...
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