✂️ Meta Lays Off More Than 11,000 Employees

Today’s pick

Meta Lays Off More Than 11,000 Employees. Since Mark Zuckerberg founded Facebook in 2004, the Silicon Valley company has steadily hired more employees. At the end of September it had amassed its largest-ever number of workers, totaling 87,314 people. But on Wednesday, the company —… (Sheera Frenkel / The New York Times)

Meta Official Press Release

The New York Times @nytimes

Breaking News: Meta, the parent company of Facebook, said it was laying off more than 11,000 workers after a steep slide in digital ad revenue and profit.

nyti.msMeta Lays Off More Than 11,000 EmployeesThe parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.

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Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse. Binance is backing out of its plans to acquire FTX, the company said Wednesday. Binance is backing out of its plans to acquire FTX, the company said Wednesday. The reversal comes one day after Zhao announced that Binance, the world's largest… (MacKenzie Sigalos / CNBC)

Binance @binance

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.

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Exclusive: How TikTok scrutinizes and scores the creators on its shopping platform. A career as a TikTok creator can be described as equal parts glamorous and soul-crushing. You don't need to look far for stories of those who achieved Tok-stardom, only to be met with a lifestyle full of burnout, instability and constant scrutiny… (Shoshana Wodinsky / MarketWatch)

shoshana wodinsky (she/her) @swodinsky

scoop from me: this week, tiktok rolled out a ranking platform meant to score metrics like "diligence" and "enthusiasm" and "cooperability" among its commerce creators. yes, it's just as dytopian as it sounds:

marketwatch.comExclusive: How TikTok scrutinizes and scores the creators on its shopping platformCompany documents suggest that creators selling products on the TikTok Shop are ranked for ‘cooperation’ and ‘diligence.’

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Musk's First Email to Twitter Staff Ends Remote Work. New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for “difficult times ahead.” Musk said there was “no way to sugarcoat the message” about the economic outlook and how… (Kurt Wagner / Bloomberg)

Bloomberg @business

JUST IN: Elon Musk orders an end to remote work in his first email to Twitter workers, warning them to prepare for "difficult times ahead" trib.al/K3B5jzE

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'Hey, GitHub!' lets programmers code with just their voice. Microsoft-owned GitHub is experimenting with a new voice-based interaction system for its Copilot software. “Hey, GitHub!” will allow programmers to code with just their voice and no keyboard, just like how you'd speak to Siri, Alexa… (Tom Warren / The Verge)

Tom Warren @tomwarren

"Hey, GitHub!" will let programmers code with just their voice. GitHub is experimenting with a new voice-based interaction system for its Copilot software. Full details here:

theverge.com“Hey, GitHub!” lets programmers code with just their voiceThis is designed to complement GitHub’s Copilot service.

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