… At the time, a Meta spokesperson called the estimate “rough and overly inclusive” and said that the set of documents Reuters reported on “distorts Meta’s approach to fraud and scams” and that the actual revenue was lower, but declined to tell Reuters by how much. “We aggressively combat scams acros… …
… Meta didn’t immediately respond to a request for comment for this story. The company has undergone three previous large rounds of layoffs since 2022, including as part of Meta’s one-time “year of efficiency” drive in 2023. …
… Meta has increasingly come under fire for not taking enough proactive action against scams across its platforms—with Reuters reporting in December that billions of scam ads appear every day and internal Meta estimates forecast up to 10 percent of its revenues may come from scam advertising. …
… Two employees, speaking on the condition of anonymity because they were not authorized to speak to the media, say the company has removed some posters, with those on bathroom walls seemingly staying up longer. Meta declined to comment on the allegation. …
… Experts say that Meta's decision about Instagram chat could give other companies, or even simply other divisions within Meta, permission to do less, too. “Meta's deployment of encryption was a public commitment, and they were weathering a lot of pressure from various governments to do it,” says Joh… …
… Mounting Complaints Some of the employee complaints come down to money. In February, for the second consecutive year, Meta cut the portion of annual raises that are paid in the form of company shares, trimming them by 5 percent on top of last year’s 10 percent snip. …