Tag: WhatsApp

Facebook Parent Company Meta Set to Lay Off 11,000 Employees

Facebook Parent Company Meta Set to Lay Off 11,000 Employees

On Wednesday, Facebook, Instagram, and Whatsapp Parent Company Meta said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and costly bet on pivoting to the metaverse. It also comes amid a spate of layoffs at other tech firms in recent months as the high-flying sector reacts to high inflation, rising interest rates and fears of a looming recession.

NFTs are Coming to Instagram

NFTs are Coming to Instagram

As announced, Instagram is getting ready to support NFTs. The intention to add NFTs to the Meta platform was confirmed by Mark Zuckerberg in a report about the site’s new features back in January. Now it is almost here, Instagram will allow integration of NFTs from the Ethereum and Polygon blockchains at first, with Solana and Flow to follow.

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