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Facebook Parent Meta Trims 13% of Workforce, Citing Lack of Post-Pandemic Growth

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have been numerous job cuts at other tech companies that hired rapidly during the pandemic.

Zuckerberg as well said that he had made the decision to hire aggressively, anticipating rapid growth even after the pandemic ended.

“Unfortunately, this did not play out the way I expected,” Zuckerberg said in a prepared statement. “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”

Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown era because more people stayed home and scrolled on their phones and computers. But as the lockdowns ended and people started going outside again, revenue growth began to falter.

Of particular concern to investors, Meta poured over $10 billion a year into the “metaverse” as it shifts its focus away from social media. Zuckerberg predicts the metaverse, an immersive digital universe, will eventually replace smartphones as the primary way people use technology.

Spooked investors have sent company shares tumbling more than 71% since the beginning of the year and the stock now trades at levels last seen in 2015.

An economic slowdown and a grim outlook for online advertising — by far Meta’s biggest revenue source — have contributed to Meta’s woes as well. This summer, Meta posted its first quarterly revenue decline in history, followed by another, bigger decline in the fall.

Some of the pain is company-specific, while some is tied to broader economic and technological forces.

Last week, Twitter laid off about half of its 7,500 employees, part of a chaotic overhaul as Musk took the helm. He tweeted that there was no choice but to cut the jobs “when the company is losing over $4M/day,” though did not provide details about the losses.

Meta and its advertisers are bracing for a potential recession. There’s also the challenge of Apple’s privacy tools, which make it more difficult for social media platforms like Facebook, Instagram and Snap to track people without their consent and target ads to them.

Competition from TikTok is also an a growing threat as younger people flock to the video sharing app over Instagram, which Meta also owns.

“We’ve cut costs across our business, including scaling back budgets, reducing perks, and shrinking our real estate footprint,” Zuckerberg said. ”We’re restructuring teams to increase our efficiency. But these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go.”

A hiring freeze at the company will be extended through the first quarter of 2023, Zuckerberg said. The company has also slashed its real estate footprint and he said that with so many employees working outside of the office, the company will transition to desk sharing for those that remain.

More cost cuts at Meta will be rolled out in coming months, Zuckerberg said.

Zuckerberg told employees Wednesday that they will receive an email letting them know if they are among those being let go. Access to most company systems will be cut off for people losing their jobs, he said, due to the sensitive nature of that information.

“We’re keeping email addresses active throughout the day so everyone can say farewell,” Zuckerberg said.

Former employees will receive 16 weeks of base pay, plus two additional weeks for every year with the company, Zuckerberg said. Health insurance for those employees and their families will continue for six months.

Shares of Meta Platforms Inc. jumped almost 5% before the opening bell Wednesday.

Greta Van Fleet Postpone Four More Shows Due to Singer Josh Kiszka’s Ruptured Ear Drum

Greta Van Fleet postponed four more shows on their Dreams in Gold U.S. tour on Tuesday (Nov. 8) as singer Josh Kiszka continues to recover from a ruptured eardrum. After playing at the AT&T Center in San Antonio, Texas on Saturday night, the band alerted fans that upcoming gigs in El Paso, Texas (Nov. 8), Tucson, Arizona (Nov. 9) and Anaheim (Nov. 11) and Sacramento, California (Nov. 12) have been postponed.

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“I just wanted to express how beautiful and how awe-inspiring these couple of shows have really been, truly. Also, unfortunately, they’ve been rather painful,” he said in a video message to fans announcing the postponements. “The last time I spoke with you, I had asked for your understanding; I was dealing with a ruptured eardrum. Unfortunately, while the eardrum continues to heal, it also has continued to cause me great deal of physical pain, which has made it very difficult to perform.”

Kiszka said he’d been fighting through the pain over the past week and trying to “push through” for each show, but he’d reached the point where, “I think I need a period of time for more healing. Unfortunately, that means rescheduling the shows for the rest of this month, which kills me to do this, especially on such a short notice. I’m truly sorry to everyone in El Paso, Tucson, Anaheim and Sacramento. This year has been an extremely humbling experience. I can’t begin to thank all of you enough for your seemingly endless support and understanding.”

Kiszka said the four postponements were a “truly disheartening setback.”

This is the second string of dates GVF have had to postpone due to the injury suffered by Kiszka at an Oct. 8 show in Bangor, Maine. At the time the singer said he’d been experiencing a “situation” in his left ear that’s “caused plenty of infections, tinnitus (ringing in the ear) and difficulty hearing.” At that time, the band postponed a series of shows due to the ear issue, pushing back gigs in Hollywood, Tampa and Jacksonville, Florida, as well as Raleigh, N.C. and Greenville, S.C.

The group said they will share the new date as soon as they are available; existing tickets will remain valid for the rescheduled gigs, with any refunds available at point of purchase. The band’s next scheduled tour date is Dec. 9 at the Mark G Etess Arena in Atlantic City, NJ.

Check out Kiszka’s message to fans below.

Eminem’s Mother ‘Very, Very Proud’ of His Rock Hall of Fame Induction: ‘I Knew You’d Get There’

Eminem has famously taken a number of pretty vicious swipes against his mother Debbie on songs such as “Cleanin’ Out My Closet” and “My Name Is” (before offering a mea culpa on 2013’s “Headlights”). But that all appears to be water under the bridge now that Marshall is officially a member of the Rock and Roll Hall of Fame.

After the Detroit Don took his place among the rock gods over the weekend at the 2022 RRHOF induction ceremony, Debbie Mathers recorded a congratulations video that was pure proud mama. “Marshall, I want to say, I could not let this day go by without congratulating you on your induction into the Hall of Fame,” said Debbie in a video shared on Monday (Nov. 7) by a friend.

“I love you very much. I knew you’d get there. It’s been a long ride. I’m very, very proud of you. And also I’m very proud of [granddaughter] Hailie Jade, my big girl. I want to tell you Hailie, great job on your podcast and God bless you guys. I love you very much.”

After years of contentious back-and-forth — including a 1999 $12 million lawsuit filed against her son accusing him of slander, which they settled two years later for $25,000 — the sweet message was the perfect cap to a big weekend for Slim Shady. The rapper, joined by daughter Hailie at the Microsoft Theater in Los Angeles for his big night, alluded to his unusual rise to the occasion in his acceptance speech.

“So I’m probably not supposed to actually be here tonight because of a couple of reasons,” he told the crowd. “One of them that I’m a rapper, and this is the Rock and Roll Hall of Fame. And there’s only a few of us right now that have been inducted in already, but there’s only a few of us… I had to really fight my way through man to try and break through in this music, and I’m so honored and I’m so grateful that I’m even able to be up here doing hip-hop music, man, because I love it so much.”

Em was inducted by his longtime mentor and producer, Dr. Dre, who said he never lost faith in the MC, praising his “raw, dark and humorous lyrics coupled with an impeccable cadence.”

Check out Debbie Mathers’ sweet congratulations video below.

Toby Keith, Michael Hardy, ‘Forever After All,’ Sony Music Publishing Among 2022 BMI Country Awards Honorees

The BMI Country Music Awards were held Tuesday evening (Nov. 8) at BMI’s Nashville headquarters, and a cavalcade of music artists and industry members attended the ceremony to venerate the year’s 50 most-performed songs, as well as the songwriters and music publishers behind them.

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Over 900 guests attended the shindig, including artist-writers Ashley McBryde, Kelsea Ballerini, Priscilla Block, Kane Brown, Kenny Chesney, Luke Combs, Michael Hardy (who records under the name HARDY), Elle King, Miranda Lambert, Dustin Lynch, Jake Owen, Carrie Underwood and Keith Urban.

Leading the ceremony was BMI president/CEO Michael O’Neill, who welcomed the crowd, saying, “We are thrilled to honor all of you who are delivering the best in country music.” Also feting this year’s winning songs, writers and publishers were BMI vp, creative, Nashville Clay Bradley, as well as AVP, creative Mason Hunter, AVP, creative Leslie Roberts and executive director, creative Shannon Sanders.

Bradley noted that among this year’s honorees were 72 first-time BMI award-winning songwriters.

The evening launched with Shy Carter performing “Beer With My Friends” alongside David Lee Murphy.

Sony Music Publishing was named BMI music publisher of the year, having published 25 of the 50 most-performed songs of the year, including Ballerini’s “Half of My Hometown,” the King/Lambert collaboration “Drunk (And I Don’t Wanna Go Home),” Brown’s “One Mississippi,” Lambert’s “If I Was a Cowboy” and Morgan Wallen’s “Sand in my Boots.”

The 2022 BMI country song of the year honor went to Luke Combs’ “Forever After All,” written by Combs, Drew Parker and Rob Williford and published by 50 Egg Music, Big Music Machine, Oak Tree Swing Publishing, Rowdy Rob Music, Straight Dimes Music, and Sony/ATV Tree.

Hardy was named BMI country songwriter of the year, following his ACM songwriter of the year win earlier this year.

Roberts gifted him with a custom guitar with BMI songwriter of the year as he took the stage to thank those who have been instrumental in his career. As a songwriter, Hardy has written not only his own hits including “One Beer,” and “Give Heaven Some Hell,” but was a contributing writer to Dierks Bentley’s “Beers on Me” (which also features him as a vocalist), Morgan Wallen’s “More Than My Hometown” and “Sand in My Boots,” Blake Shelton’s “Come Back as a Country Boy” and Cole Swindell’s “Single Saturday Night.”

Hardy thanked his parents and sister for their influence in his life and career, as well as champions including Casey Beathard and Ashley Gorley.

“When I heard that I had won, which was very recently, my first thought was, ‘I’m so glad that I’m with BMI, because it’s the only way I would ever beat Ashley Gorley in anything,’” he quipped. He went on to thank Relative Music Group’s Dennis and Jesse Matkosky.

“Dennis was the first and only person to sign me to a publishing deal back in 2014,” Hardy said. “Since then, we have started a real publishing company called Relative Music and we are damn proud of that s***.”

Hardy thanked his sister Madison for leading him to sign with BMI, and thanked Roberts for being a strong champion for him.

“She took a chance on me…she let me go into her office and play her literally the five or six songs I had to my name,” he said, recalling that one of the songs he played her was “Scars.” “At the end of that meeting, I remember Leslie saying something along the lines of, ‘Yeah, these are okay, but there’s this one song called ‘Scars’ that is pretty good and I think you’re onto something.’ That one comment Leslie made meant the entire world to me. Just like everyone in this room, I moved from a small town to Nashville…hearing that from Leslie gave me all the confidence to believe that I could actually make it in this town.”

Toby Keith was presented with the BMI Icon award, commemorating his work as a songwriter, including crucial contributions to his own catalog of hits, including “American Soldier,” “Should’ve Been a Cowboy,” and “How Do You Like Me Now?!”. Previous recipients of the honor include Loretta Lynn, Willie Nelson, Merle Haggard and Dolly Parton. Keith was previously named BMI country songwriter of the year three times, and won the BMI country song of the year honor for “As Good As I Once Was.”

O’Neill said of Keith, “His creative accomplishments are second to none but at his heart he is a songwriter. That’s who we are celebrating tonight—the writer behind the hits.”

Bradley added, “You are a songwriter’s songwriter.”

Keith’s fellow Oklahoma native Underwood performed Keith’s No. 1 Country Airplay debut hit, 1993’s “Should’ve Been a Cowboy,” which Keith wrote by himself.

“It was artists like you that taught kids like me that greatness is possible,” Underwood said.

Eric Church offered a slowed down, uniquely “Chief” version of Keith’s 2003 Billboard Country Airplay chart leader “I Love This Bar.” Church also shared his first memory of seeing Keith at the Fiddle & Steel Guitar Bar in downtown Nashville, an incident which involved Keith taking a bullying barfly by the collar and dragging him down a line of barstools, before depositing him at the end of the bar just as Church walks in.

“I thought, ‘I like this motherf***er.’ So that was my first Toby Keith memory, and I cherish that,” Church said. “For me, he’s always been a guy who did it his own way.”

Video tributes poured in throughout the evenings from Willie Nelson, Scotty Emerick, and Keith’s longtime manager TK Kimbrell. Later in the evening, Keith’s dedication to military members was lauded, and as footage of Keith’s post-9/11 Billboard Country Airplay hit “Courtesy of the Red, White & Blue (The Angry American)” played on the screen, several in the music industry crowd began singing along, ultimately giving Keith a standing ovation. Emerick and Dean Dillon performed Keith’s “A Little Too Late.”

Keith took the stage and offered heartfelt thanks to his parents and family, as well as to Kimbrell and producer Harold Shedd (known for his work with Alabama, K.T. Oslin, Lorrie Morgan and more), who produced Keith’s earliest albums. Shedd was in attendance, spending his 91st birthday to help celebrate Keith. Keith also namechecked producer James Stroud, who co-produced albums including Keith’s Dream Walkin’, How Do You Like Me Now?! and Shock’n Y’all.

Keith also recalled being a Nashville newcomer singer-songwriter from Oklahoma with a collection of songs and a dream.

“When I got to Nashville, was they said, ‘You got to get affiliated.’ I said, ‘What the f***’s affiliated?’” On the advice of producer Shedd, he walked into the BMI Nashville office “in 1990 or 1991” and quickly met Bradley.

“You know how you got that intern that you always dump your s*** on? They dumped me on Clay,” Keith said. “Since 1990 or 1991, I’ve been affiliated with the greatest organization in the music business, and that’s BMI. They’ve been so great to me as a songwriter because I knew that even if I didn’t make it as an artist, that maybe somebody would cut my songs. I always felt that the songwriting was the most important part of this whole industry.”

Keith also thanked his agent Curt Motley, Live Nation’s Brian O’Connell, and his frequent collaborators Emerick, Dillon, Bobby Pinson and others who have collaborated with him on the road though the years.

“TK [Kimbrell] ’bout gave his career up as a manager to have to manage me, because I was hard to handle…everywhere we went, whatever label we were on, we were in a fistfight. I wanted to play my songs and dress out of my closet and it didn’t work that way then…back then they wanted to groom you and I was ungroomable. Bless TK’s heart, he said ‘I’m with ya, dawg.’”

In closing, Keith made it clear that of all the accolades he’s received in his career, it’s the ones that honor the craft of songwriting that mean the most to him.

“All I ever cared about was Songwriters Hall of Fame, Nashville Songwriters Hall of Fame and BMI Icon,” he said.

Flume Celebrates 10th Anniversary of Debut With a Cut That ‘Never Quite Made It Onto An Album’

It’s been a full decade since Flume unleashed his first collection of sonic specimens, with his self-titled debut album. To celebrate, the Sydney producer opens the vault and drops “Slugger 1.4 [2014 Export.WAV],” an expansive cut with a belting beat and all the fades and feels of old-school Flume, which somehow never found a home.

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“Made this one in Paris, always loved this demo but it never quite made it onto an album,” writes Flume, known to friends and family as Harley Streten. “I figured now that it’s 10 years since my first album was released it would be a good time to share. Hope you like it.”

Released through Future Classic, Flume was a critical and commercial success, blasting to No. 1 on the ARIA Chart, winning the J Award for Australian album of the year, and setting him up for the biggest stages on the planet.

The album was so influential, Flume would radically change his sound to escape the copycats.

Next up was Flume’s 2016 LP Skin, which won the Grammy Award for best dance/electronic album, the ARIA Award for album of the year, and its first release “Never Be like You” won triple j’s Hottest 100 countdown.

Like its predecessor, Skin hit No. 1 in Australia, but it also gave the electronic music star his first U.S. top 10, peaking at No. 8 on the Billboard 200 chart. His 59-date world tour in support of the album sold over 300,000 tickets, reps say.

In 2019, Flume’s Hi This Is Flume mixtape earned him a second Grammy nomination for best dance/electronic album and his third and most recent studio LP, Palaces, from May 2022, is up for six ARIA Awards and recently scooped a J Award nomination.

Following a run of headline U.S. dates and festivals, Flume returns home this week to wrap up his world tour, starting Friday with a sold-out show at Perth’s Red Hill Auditorium.

Tyrone Downie, Keyboardist With The Wailers, Dies at 66

Tyrone Downie, a keyboardist and producer who is best known for his work as a member of Bob Marley & The Wailers, died Saturday (Nov. 5) in Kingston, Jamaica after a brief illness. He was 66.

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Born May 20, 1956 in the capital, Downie was drawn to music from a young age. He went on to study at the Kingston College and often sang with the chapel choir.

Downie carved his name in music history when he joined Marley’s band in 1973, making his recording debut on Rastaman Vibration, and contributing keys and backup vocals to some of legendary reggae act’s recordings into the 1980s.

“Reflecting on brother Tyrone Downie, Bob’s keyboardist, who made his transition yesterday,” reads a statement on the late Marley’s official social accounts. “Rest in peace brother.”

Across his career, Downie also played with The Abyssinians, Beenie Man, Black Uhuru, Buju Banton, Peter Tosh, Junior Reid, Tom Tom Club, Ian Dury, Burning Spear, Steel Pulse, Alpha Blondy, Tiken Jah Fakoly and Sly & Robbie, and, prior to the Wailers, was a member of the Impact All Stars.

A statement from Tuff Gong studio in Kingston, founded by Marley, reads: “We are saddened to learn of the passing of Wailers keyboardist, Tyrone Downie. Tyrone joined The Wailers just before the age of 20, making his recording debut with the band on Rastaman Vibration. We are blessed to count him as a member of the Tuff Gong Family.”

Several of Downie’s compositions appeared on the big screen, including 1989’s Slaves of New York and The Mighty Quinn.

Downie settled in France in the mid-to-late 1990s, during which time he focused on production and worked closely with Senegalese singer Youssou N’Dour.

The multi-instrumentalist also had an impact on Grace Jones, the iconic Jamaica-born singer and actor. Jones penned the 1983 song “My Jamaican Guy,” which she later revealed was written about Downie.

Downie went on to released the solo album Organ-D — his nickname — in 2001.

He is survived by nine children, seven grandchildren and two great-grandchildren, The Gleaner reports.

Watch VASSY Perform at Denver Nuggets’ NBA Game

When VASSY shoots, she scores.

The hitmaking Australian singer and songwriter is a star in the EDM space, with several slam dunks of her own.

Earlier this year, her 2014 hit “Bad” with David Guetta and Showtek passed one billion streams on YouTube, and a posterizing two billion plays across all platforms.

Born in Darwin, now based in the United States, VASSY boasts six No. 1s on Billboard’s Dance Club Songs chart (including “Bad” and 2018’s “Lost” with Afrojack featuring Oliver Rosa), she’s had songs featured in film and TV, including the trailer for Disney’s Frozen, won a prestigious International Dance Music Award and, last year, joined APRA AMCOSThe 1,000,000,000 List.

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The wins don’t stop there. In 2013, she became the first Australian artist to hit No. 1 spot on Billboard’s Dance Club Songs chart with her solo number “We Are Young,” and she has played to heaving audiences around the globe, including Miami’s Ultra Music Festival, Belgium’s Tomorrowland, and New York’s Electric Zoo.

This week, the multi-platinum artist added an NBA halftime show to her collection of career highlights.

Wearing the No. 50 jersey of two-time NBA dunk contest runner-up Aaron Gordon, VASSY performed a mini-set on Denver’s Ball Arena homecourt, on Pride Night.

“Had a blast,” she writes on her socials. “Such an epic night.”

VASSY turned out to be a good luck charm for the home team, whose roster includes reigning league MVP Nikola Jokic and fellow Aussie, Duke alum Jack White, who signed a two-way contract in the off-season.

The Nuggets held off the San Antonio Spurs, 126-101. And for the record, VASSY got to keep Gordon’s jersey.

Watch below and keep an ear out for the fresh cut “Pieces,” by VASSY X Bingo Players X Disco Fries, due out this Friday (Nov. 11).

Sia Continues Her ‘Unstoppable’ Run With 6-Year-Old Hit, But Just How High Can It Go?

This week, Sia‘s “Unstoppable” tops yet another new Billboard chart — six years after it was released.

The anthemic hit, which was on Sia’s 2016 album This Is Acting alongside the Billboard Hot 100 No. 1 “Cheap Thrills,” has found new life over the past year, and this week, it rises 2-1 on the Adult Contemporary airplay chart. Last month, the song topped the Adult Pop Airplay chart too, and it’s so far peaked at No. 28 on the Hot 100.

Just how high can this revived song climb? On the latest Billboard Pop Shop Podcast (listen below), Katie & Keith discuss its unlikely trajectory and what has driven its “Unstoppable” recent run on our charts.

Also on the show, we’ve got chart news on how both Rihanna’s “Lift Me Up” and SZA’s “Shirt” make high debuts on the Hot 100, how Taylor Swift’s Midnights logs a second — big! — week at No. 1 on the Billboard 200 albums chart, and how the latest expanded reissue of a classic Beatles album returns to the Billboard 200 top 10. We also discuss the Billboard chart legacy of Aaron Carter, the pop star, TV personality and brother of Backstreet Boys’ Nick Carter, who died over the weekend at age 34.

The Billboard Pop Shop Podcast is your one-stop shop for all things pop on Billboard‘s weekly charts. You can always count on a lively discussion about the latest pop news, fun chart stats and stories, new music, and guest interviews with music stars and folks from the world of pop. Casual pop fans and chart junkies can hear Billboard‘s executive digital director, West Coast, Katie Atkinson and Billboard‘s senior director of charts Keith Caulfield every week on the podcast, which can be streamed on Billboard.com or downloaded in Apple Podcasts or your favorite podcast provider. (Click here to listen to the previous edition of the show on Billboard.com.)