Facebook UK cut 700 staff and reduced tax bill, accounts show
The Guardian|December 09, 2024
Facebook cut more than 700 employees in the UK last year at a cost of £79m after its parent company, Meta, embarked on its first-ever round of redundancies as part of a global cost-cutting drive to offset a disastrous collapse in revenues.
Mark Sweney

The company also reduced its UK tax bill to just over 12% of its pre-tax profits, half the standard 25% corporation tax rate.

Mark Zuckerberg cut 11,000 jobs globally after admitting Meta had overinvested at the start of the pandemic in the belief the increase in online activity would continue and accelerate even after Covid eased.

"I got this wrong, and I take responsibility for that," Zuckerberg, the founder and chief executive of the owner of Facebook, WhatsApp and Instagram, said in a memo to staff in November 2022.

هذه القصة مأخوذة من طبعة December 09, 2024 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 09, 2024 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE GUARDIAN مشاهدة الكل
The Guardian

Under siege: Undisguised aid blockade puts residents in fresh peril

Briefing the Israeli press after Benjamin Netanyahu's order to turn off the aid supply to Gaza, government officials claimed that the Palestinian territory had several months' worth of food stockpiled from earlier deliveries.

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2 mins  |
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From peaks to jungle, contrasting tunes share nature prize
The Guardian

From peaks to jungle, contrasting tunes share nature prize

One is a dreamy soundscape collected from the peaks of the Dolomites. The other is a drum'n'bass track that samples a nightingale's quickfire song.

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2 mins  |
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Deceived and betrayed: The officers who duped lovers with their fake IDs
The Guardian

Deceived and betrayed: The officers who duped lovers with their fake IDs

The Guardian has identified the undercover officers who deceived members of the public into sexual relations, while concealing their true identities.

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2 mins  |
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Time to say goodbye: Rio's biggest samba singer bows out after leading 50 Carnival parades
The Guardian

Time to say goodbye: Rio's biggest samba singer bows out after leading 50 Carnival parades

Tonight, as 100,000 people gather in the stands and VIP boxes of the Marquês de Sapucaí Sambadrome to watch the second night of parades at Rio de Janeiro's world-famous carnival, a voice that has resonated for half a century will be heard there for the last time.

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3 mins  |
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At least 25 police spies duped sexual partners
The Guardian

At least 25 police spies duped sexual partners

At least 25 undercover police officers who infiltrated political groups formed sexual relationships with members of the public without disclosing their true identity to them, the Guardian can disclose.

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2 mins  |
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A big gesture' Starmer hurries to show support for Kyiv with action, not words
The Guardian

A big gesture' Starmer hurries to show support for Kyiv with action, not words

As Keir Starmer and his aides discussed their response to Friday's calamitous White House meeting between Donald Trump and Volodymyr Zelenskyy, the prime minister's team pondered whether to issue a statement on social media.

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4 mins  |
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Israel attempts to force a change to terms of ceasefire agreement by cutting off aid to Gaza
The Guardian

Israel attempts to force a change to terms of ceasefire agreement by cutting off aid to Gaza

Israel has cut off humanitarian supplies to Gaza in an effort to force Hamas into accepting a change in the ceasefire agreement to allow for the release of hostages without the withdrawal of Israeli troops.

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3 mins  |
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Leno's heroics in shootout send toothless holders out
The Guardian

Leno's heroics in shootout send toothless holders out

As this FA Cup fifth-round penalty shootout reached its climax, Victor Lindelöf and Joshua Zirkzee were the unfortunate players whose kicks were saved, ending Manchester United's trophy defence and sending Fulham through to the last eight.

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3 mins  |
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Balancing act PM takes a personal and pragmatic approach to sudden crisis
The Guardian

Balancing act PM takes a personal and pragmatic approach to sudden crisis

After Friday's visceral and unprecedented scenes in the Oval Office, there was an immediate call for quick answers, new eras, pages of history being turned.

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4 mins  |
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Leeds crush Castleford while Australia women thrash England
The Guardian

Leeds crush Castleford while Australia women thrash England

The former Headingley hero Danny McGuire endured a painful return to his former club as Castleford were beaten 38-24 by Leeds in the Super League.

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1 min  |
March 03, 2025