Mass layoffs at Meta: Is Facebook’s ‘absolute monarch’ Mark Zuckerberg finally listening? spotlight on facebook Facebook-owner Meta did not do well with investors during and after the latest earnings releases. Large institutional investors concluded that founder Mark Zuckerberg is not listening to investor concerns over capital expenditure plans for next year and ballooning operating expenses. But the Wall Street Journal is writing that Meta is now planning a large layoff [...]
Twitter lay-offs begin as Elon Musk warns of ‘massive drop’ in revenues Twitter Elon Musk has begun laying off thousands of Twitter workers after warning the social media company is losing more than $4m a day due to a “massive drop” in advertising revenues. The tech billionaire began pushing forwards with plans to lay off around half of Twitter’s 7,500 staff, just more than a week after completing [...]
Musk massacre: Thousands of Twitter staff expect to be sacked via email at 9am today Mass job cuts coming Social media giant Twitter is expected to tell staff later today whether they are to be dismissed as part of job cuts in the wake of Elon Musk’s takeover. There have been suggestions that as many as half of the social media giant’s global workforce could be cut. Twitter employs more than 7,500 people around [...]
Kudos for OnlyFans: Watchdog says smaller video platforms need to do more to protect kids October 20, 2022 New research from Ofcom has found that smaller adult video-sharing platforms need to do more to prevent children from accessing porn. In a report published today, the media regulator said it was concerned that whilst smaller companies had some age verification measures in place, they did not go far enough. One unnamed adult platform told [...]
Exclusive: UK print industry on the brink of collapse, warns info management guru October 18, 2022 As the deepening recession casts an ominous shadow over the fate of the UK economy, businesses need to rethink established practices to protect against unexpected cost increases or issues with supply. The print industry is no exception: tough times lie ahead for the sector, as revenue streams are under enormous pressure and prices and costs [...]
FTSE falling short on communications, PR lobby warns October 7, 2022 Liz Truss has faced widespread criticism over her communication failures as markets have crashed in the wake of her “mini-budget”. However, the PR industry’s trade body has said FTSE 100 companies are also falling short on communications, in warning the UK’s top firms lack comms expertise at senior levels. Research by the Chartered Institute of [...]
Barrister fined £500 over links to ‘inappropriate and offensive’ tweets September 11, 2022 A barrister has been fined £500 for his links to an anonymous Twitter account that put out a series of “inappropriate and offensive tweets.” The Bar Standards Board (BSB) fined Anthony Daniel Bennett £500 for allowing the Twitter handle “@arrytuttle” to send a series of offensive tweets about fellow barrister Adam Wagner. Bennett authorised use of [...]
Amid ‘hostile takeover’ bid M&C Saatchi reports 52 per cent profit increase before tax September 7, 2022 Advertising giant M&C Saatchi reported a near 10 per cent increase in revenue and 52 per cent rise in profit before tax from last year, despite the ongoing drama of its hostile takeover. The London-listed creative company increased its headline operating profit margin by 14 per cent. M&C Saatchi had almost £40m in net cash, [...]
UK LinkedIn users targeted in hacking scam via connection requests ‘in disguise’ August 30, 2022 LinkedIn is being used by hackers to spread data stealing malware via sending connection requests in disguise of people working with reputed companies. Researchers reportedly found that scammers are exploiting Microsoft-owned LinkedIn’s chat and job posting features to share links and files that are laced with stealer malware. Since most LinkedIn users accept any and [...]
Main stream: AFTV founder Robbie Lyle on taking football fan channels overground August 4, 2022 Robbie Lyle, the avuncular face and founder of Arsenal fan media platform AFTV, was walking through New York City when he truly realised what a phenomenon he had created. On his stroll Lyle came across activists marching on Times Square in protest at the Israeli-Palestinian conflict, each with their mouth taped up in a symbol [...]