Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Google, Meta, others cut staff perks amid economic concerns

Major technology firms, including Apple, ByteDance, Microsoft, Google, and Meta, are experiencing a shift in workplace cultures.

Employees report a reduction in perks that traditionally set these companies apart.

Economic concerns led to layoffs at these companies. Meta, for example, eliminated over 11,000 jobs in November 2022, roughly 13% of its workforce.

Employee perks have also decreased, with services like Meta’s free laundry and Google’s complimentary massages being scaled back.

Recent Meta developments

Timeline
16-Nov-2024 📊 Meta aligns Facebook, Instagram with ‘views’ for creators
  • Facebook shifts to ‘views’ for content metrics
  • Aligns performance metrics with Instagram’s standards
14-Nov-2024 📰 Meta to start ads on Threads starting January
  • Meta to launch ads on Threads in January 2025
  • Ads integration led by Instagram’s advertising team
14-Nov-2024 ⚖️ Meta to face trial for anti-competitive acquisitions
  • Meta to face trial over anti-competitive deals
  • FTC claims Meta maintained a monopoly via acquisitions
31-Oct-2024 📉 Meta’s Q3 exceeds forecasts while investing in AI
  • Meta posts Q3 earnings with $40.59B revenue
  • Daily active users miss expectations at 3.29B
31-Oct-2024 📉 Meta’s AI cost spike impacts Asian chip markets
  • Asian markets decline, chip sector hits hard.
  • Yen nears three-month low amid Japan’s instability.

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.