Investigative Reports

The Diplomacy of Gullibility: How Somaliland’s Foreign Ministry Keeps Falling for International Fraudsters

In what has become a familiar scene in Somaliland's...

Ex-US Ambassador to Somalia Lobbies for Hormuud’s Access to American Banking System

Questions mount as André partners with Somali MP who...

Major Corruption Allegations Rock Somaliland Finance Ministry’s Recruitment for World Bank’s Public Resource Management Project

According to documents examined by Somaliland Chronicle, serious allegations...

Meta Lays Off 10,000 Employees in Third Round of Cuts

Meta, the parent company of Facebook and Instagram, has laid off another 10,000 employees as part of its ongoing cost-cutting efforts. The layoffs, which affect employees across all levels and functions, are the third round of cuts Meta has announced in the past six months.

The company has said that the layoffs are necessary to “ensure that we are best positioned for long-term growth and success.” Meta has also said that it is investing heavily in new areas, such as the metaverse, and that these investments are driving up costs.

The layoffs have been met with mixed reactions from employees and investors. Some employees have expressed anger and frustration, while others have said that they understand the need for the company to make tough decisions. Investors, on the other hand, have praised Meta’s cost-cutting efforts, saying that they are a sign that the company is serious about its long-term growth.

Meta is not the only tech company that has announced layoffs in recent months. Other tech giants, such as Netflix, Twitter, and Spotify, have also announced layoffs as they grapple with rising costs and slowing revenue growth.

The layoffs in the tech industry are a sign of the changing economic landscape. The tech industry is no longer immune to the challenges that are facing other industries, such as rising inflation and supply chain disruptions. As a result, tech companies are being forced to make tough decisions, such as laying off employees, in order to stay afloat.

It remains to be seen how the layoffs at Meta will impact the company’s long-term growth. However, the company has said that it is confident that it can weather the current economic storm and emerge stronger on the other side.

Latest

Somaliland: Trump’s Realist Foreign Policy in Action

Trump's recognition of Somaliland goes beyond just countering Chinese...

UAE’s Strategic Pivot? Cirro’s Visit Signals New Regional Dynamic

In a carefully orchestrated diplomatic gesture that speaks volumes...

President Abdirahman “Cirro” Appoints Military General to Police, Untested Commander to Lead Army

President Abdirahman "Cirro"'s appointment of Major General Abdurahman Abdullahi...

Somaliland President Orders Security Forces Salary Increase and Biometric Registration

Fulfilling a key campaign pledge, President Abdirahman Mohamed Abdullahi...

Stay Connected

Don't miss

Somaliland: Trump’s Realist Foreign Policy in Action

Trump's recognition of Somaliland goes beyond just countering Chinese...

UAE’s Strategic Pivot? Cirro’s Visit Signals New Regional Dynamic

In a carefully orchestrated diplomatic gesture that speaks volumes...

President Abdirahman “Cirro” Appoints Military General to Police, Untested Commander to Lead Army

President Abdirahman "Cirro"'s appointment of Major General Abdurahman Abdullahi...

Somaliland President Orders Security Forces Salary Increase and Biometric Registration

Fulfilling a key campaign pledge, President Abdirahman Mohamed Abdullahi...

Trump’s Aid Freeze: Will Somalia Sink or Swim Without U.S. Support?

Secretary of State Marco Rubio's first remarks in office...

Somaliland: Trump’s Realist Foreign Policy in Action

Trump's recognition of Somaliland goes beyond just countering Chinese influence. It reflects a practical need to bring back realism - a foreign policy approach...

UAE’s Strategic Pivot? Cirro’s Visit Signals New Regional Dynamic

In a carefully orchestrated diplomatic gesture that speaks volumes about shifting alliances in the Horn of Africa, the United Arab Emirates rolled out the...

President Abdirahman “Cirro” Appoints Military General to Police, Untested Commander to Lead Army

President Abdirahman "Cirro"'s appointment of Major General Abdurahman Abdullahi Hassan Allale "Abdi Dhere" as Police Commissioner and Lieutenant General Nimcaan Yusuf Osman Gahnug as...