CEO Mark Zuckerberg said Facebook would be cutting projects that may no longer be crucial and removing layers of middle management. The company already laid off 13% of its staff in November. "I think what's happened is a lot of these companies laid off small percentage of the workforce, or two, three, 10,000 people," he says. 'And they looked around and nothing happened'
More layoffs are coming to Meta, and President Biden's pick for the FCC, Gigi Sohn, drops out of the running. As the FTC investigates his company and the wheels literally come off at Tesla, Elon Musk publicly picks (and loses) a fight with an employee. Also, newly-revealed texts from Fox News hosts could be a legal headache. Friend of Pivot Hannah Dreier helps Kara and Scott unpack her latest investigation on the widespread use of immigrant child labor in America's most dangerous jobs. Plus, a prediction from Scott about Adam Neumann's latest venture.
You can follow Hannah Dreier at @hannahdreier and read her work at the New York Times.
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