Meta, the company that owns social media brands WhatsApp, Instagram and Facebook, has today announced that more than 11,000 staff members will be axed from the business.
Founder and chief executive Mark Zuckerberg described it as a ‘sad moment’ and said that it was one of the most ‘difficult changes’ in Meta’s history.
In an email sent to staff and later shared online, he confirmed that the size of the team of ‘talented employees’ would be reduced by roughly 13% as part of a huge restructuring.
Zuckerberg added that Meta will become a ‘leaner and more efficient company’ by cutting discretionary spending and extending its hiring freeze through Q1.
He wrote: “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted.”
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The letter outlined that many expected the surge in online growth triggered by Covid lockdowns to be a ‘permanent acceleration’ – but that this ‘did not play out the way he expected’.
Credit: Unsplash
Zuckerberg wrote: “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”
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The letter to staff outlined that those being made redundant will receive 16 weeks’ of base pay, plus two additional weeks for every year of service, with no cap.
They also added that employees in the US would continue to receive healthcare for six months, and those working on a visa will have access to immigration specialists, with similar support outside the US.
It said: “We made the decision to remove access to most Meta systems for people leaving today given the amount of access to sensitive information. But we’re keeping email addresses active throughout the day so everyone can say farewell.”
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Further on, Zuckerberg wrote: “The teammates who will be leaving us are talented and passionate, and have made an important impact on our company and community. Each of you have helped make Meta a success, and I’m grateful for it. I’m sure you’ll go on to do great work at other places.”
He concluded: “This is a sad moment, and there’s no way around that. To those who are leaving, I want to thank you again for everything you’ve put into this place. We would not be where we are today without your hard work, and I’m grateful for your contributions.
“To those who are staying, I know this is a difficult time for you too. Not only are we saying goodbye to people we’ve worked closely with, but many of you also feel uncertainty about the future. I want you to know that we’re making these decisions to make sure our future is strong.
“I believe we are deeply underestimated as a company today. Billions of people use our services to connect, and our communities keep growing. Our core business is among the most profitable ever built with huge potential ahead. And we’re leading in developing the technology to define the future of social connection and the next computing platform. We do historically important work. I’m confident that if we work efficiently, we’ll come out of this downturn stronger and more resilient than ever.
“We’ll share more on how we’ll operate as a streamlined organization to achieve our priorities in the weeks ahead. For now, I’ll say one more time how thankful I am to those of you who are leaving for everything you’ve done to advance our mission.”
Featured image: Flickr
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Business rates for pubs, clubs, and live music venues to be slashed by 20% next year
Emily Sergeant
Business rates for pubs, clubs, and live music venues across England are set to be slashed by 20% next year.
Continuing on with his week of, seemingly, introducing a new measure a day amid the cost of living crisis, Prime Minister Andy Burnham has now announced that he has taken action to cut business rates for pubs, social clubs, and live music venues across England from April next year.
It’s expected that these new business rate cuts will benefit nearly 32,000 pubs, clubs and live music venues, saving the typical pub an estimated £1,100 in the next financial year.
“For too long, the pubs, social clubs, and live music venues that form the backbone of local high streets have been replaced by boarded up windows and for sale signs,” the Government said in a statement as the cuts were announced today.
Andy Burnham is slashing business rates for pubs, clubs, and live music venues by 20% next year / Credit: John Arano (via Unsplash) | Wikimedia Commons
These changes are set to be fully funded by the Government – including through reviewing reliefs for businesses that do not make a positive contribution to local communities, such as vape shops for example.
The Government says it also plans to crack down on businesses that sell through online marketplaces but do not comply with their tax obligations, which therefore puts them at an unfair advantage over businesses that do play by the rules.
I’m giving thousands of pubs, clubs and music venues a 20% cut in business rates.
I won’t stand by while these cherished local spaces disappear, replaced by boarded-up windows and ‘For Sale’ signs.
They’re the heart of our communities and it’s time we backed them.
“Pubs, clubs and live music venues are at the heart of communities across the UK,” explained Chancellor John Healey. “They help make a place what we love. They bring people together, support local jobs and help keep high streets, and town centres busy, which is why we will back them all the way.
“We are determined to bring hope back, give businesses the support they need and generate growth in every postcode.”
Prime Minister Andy Burnham added: “For too long, Governments have stood by while cherished venues have disappeared from our local high streets. So today I am changing that.
“This Government will back the businesses that people want to see in their communities. I said I would protect pubs and local high streets, and that’s what we will do. What we’re announcing today is just the start as we work to bring back hope across the country.”
Featured Image – Alex Bracken (via Unsplash)
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An iconic vintage train is set to pass through Greater Manchester this summer
Danny Jones
Calling all railway enthusiasts: another historic vintage locomotive is set to visit two Greater Manchester train stations this summer.
Whether you’re a passionate trainspotter or just a nearby resident curious to see what all the fuss is about, the cult favourite retro carriages will pass through the pair of Manc boroughs and surrounding areas early next month.
Despite an adjustment in the initial plans, locals will still be able to witness and board the train at multiple stops along the way in the Stockport (Reddish South station) and Rochdale areas.
So, if you consider yourself a bit of a ‘Francis Bourgeois’ figure, or a general public transport connoisseur, pay attention.
Designed by Sir Kenneth Granger and officially launched back in 1976, the fleet was named as such after the top speed of 125mph – simple as that.
Once again, it’s worth noting that the originally proposed route and stops have now been changed due to issues with Network Rail.
As a result of there currently being no standing approval to use the connection from Paignton to Bury on the East Lancs Railway line, they have been forced to change the start and terminus points.
Writing on the dedicated 125Group website, they say: “We are reviewing our options to start as close as possible to the advertised departure point, and it seems likely that Rochdale will become the start and finish point, with all other previous pick-ups retained.
“For those in the far south west, we are looking to see whether we can offer an Exeter to Paignton return – subject to availability of space. We will add this to the booking site shortly, although we may have to limit numbers sold until we are more certain of booking levels to Bristol and Exeter.”
Two 125s, including ‘The Mancunian Princess’, travelled through the SK region earlier this year.
They have reassured that the journey will still be going ahead and have simply advised those hoping to catch it to keep their eyes peeled on the website and their socials for the latest updates.
Kids’ tickets start from just a tenner, and standard passes for the full tour cost £99, with first-class the class option priced at £149 (there’s also a table for two supplement available for £50).
You can see the full map, find out more information, and grab your seats right HERE.
Bet the internet signal on this relic isn’t far off the current standard either, to be fair…
Daisy Jackson -
9th November 2022 
