Source: Zuckerberg told staff in a weekly Q&A that Meta will freeze hiring, restructure some teams, and reduce budgets across teams, citing economic conditions (Kurt Wagner/Bloomberg)

Meta:
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1  —  Mark Zuckerberg just shared the following with Meta employees:  —  Today I’m sharing some of the most difficult changes we’ve made in Meta’s history.

TechCrunch:
BrandTotal and Unimania agreed to a permanent injunction banning them from using and scraping Facebook and Instagram, and will pay a “significant financial sum”  —  Facebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations …

Ian King / Bloomberg:
Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 9%+ and is down ~50% YTD  —  Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s cutting about 3,000 jobs in a restructuring plan aimed …

Jonathan Vanian / CNBC:
Meta begins testing a single interface to manage Facebook and Instagram accounts and streamlines registration to help users create accounts on both services  —  – Meta is testing new features intended to help people more easily manage their Facebook and Instagram accounts via one interface.

Wall Street Journal:
Sources: to cut costs by 10%+ in a few months, Meta is nudging out a significant number of staff by reorganizing and giving a window to apply for other roles  —  Facebook parent is looking to reduce costs by at least 10%, people familiar with the plans said, while Google has required some employees to apply for new jobs

Bloomberg:
Sources: Indonesia’s GoTo Group is planning to cut 1,000+ jobs, more than 10% of its workforce, and curb its costs  —  Indonesia’s largest internet company GoTo Group is planning to cut more than 1,000 jobs as it seeks to trim costs and shore up its finances, according to people familiar with the matter.