Social Media News Today: Facebook Head Quits, Twitter Layoffs Began
- Business
Niccolo Romano- 0
- 5 minutes read
Social media news today is being influenced by two significant events. The first one is quite a sudden shock to the netizens. While the second one has already been in the news for a couple of days now. Both the news has been trending and have shaken the whole social media sector.
Social Media News Today: Meta Head Steps Down From His Position
Ajit Mohan, the Facebook India head has stepped down from Meta India. Meta announced yesterday that he is joining the rival company Snap, the parent company of the famous social media application Snapchat.
In a LinkedIn post, Mr. Mohan stated –
“After almost 4 years leading Meta (Facebook) in India, I am stepping down from my role. I am grateful to the company for the amazing opportunity to lead its efforts in one of its most important countries and I am absolutely proud of the work the team and I have done to create an impact for people, creators, and businesses around the country.”
He further added,
“When I took on this role, my objective was to build a team and a company that would be a valuable ally to India and plays a useful role in fuelling its economic and social transformation. This is exactly what we have managed to do in the last four years. Am also excited to share that I am going to lead the Asia Pacific region for Snap and be a part of the company's executive team. Can't wait to get started.”
Mr. Mohan joined Facebook back in January 2019 as the Managing Director. During his tenure, the company had seen a lot of new things. These included WhatsApp and Instagram to enjoy 200 million users in India. With these, there had been a lot of controversies as disclosed in the social media news today. There had been allegations revolving around the political sphere of India including the violation of the hate-speech policy in India.
Ajit Mohan’s step-down is coming at a time when the Indian government is tightening its scrutiny over Facebook, WhatsApp, Instagram, and other big fish tech companies for data privacy violations. Social media news today has also confirmed that Manish Chopra has joined as the interim head in Meta.
Social Media News Today: Twitter Engages In Mass Layoffs
Twitter has already initiated its next big task of mass layoffs after announcing its plan of launching an $8 blue tick subscription. Earlier, the company mentioned in an internal mail to its employees that the “difficult” process will start on the 4th of November, 2022. He has also mentioned that this mass layoff was essential to set the company on a “healthy path”. The affected employees will be informed via email in their inboxes.
Trending news on social media stated that the internal mail noted –
“We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is, unfortunately, necessary to ensure the company’s success moving forward.”
Social media news today reflects that in order to avoid chaos, the Twitter offices are kept closed for the day. All badge access is also suspended for the day. This step has been taken to ensure the safety of the employees. The employees who have been saved by this layoff will receive a notification on their official emails.
Till now, the exact number of layoffs has not been known. The earlier reports state that it could be anywhere between 40% and 50% of the total employee strength of Twitter. This as per a regulatory filing was 7,500. Some other estimations have revealed that these could be somewhere around 2,000 to 4,000 heads.
