iWorld
Facebook activates Safety Check option after Paris attack
MUMBAI: The world was struck with horror as Paris bled under the terror attacks that paralysed the city early morning on November 14.
As news of the multiple attacks in six key places in the city spread through France and the world, family and friends of those present in the city couldn’t help but panic about the wellbeing of their loved ones. The attacks left 127 dead and over 200 injured including 99 that have been critically injured (as per the available statistics at the time of filing of this report)
The situation further intensified as President Holland declared a state of emergency in France, closing its borders. Like every major disaster, be it natural or manmade, chaos ensued.
Facebook did its part in abating some of the confusion with its Safety Check option.
Thousands of users took to the application to send their safety message out to the world by checking ‘Safe Now’ on their profile pages.
As per the data Facebook shared with Indiantelevision.com, 4.1 million Facebook users marked themselves safe using the tool, which notified 360 million users of their friends’ safety since the service was activated.
“We’ve activated Safety Check, so if you’re in Paris you can mark yourself safe or check on your friends and family,” Facebook CEO Mark Zuckerberg later posted on the social media earlier on 14 November, while condemning the act of violence in Paris.
According to Facebook spokesperson, 78 million people have had over 183 million Facebook interactions related to the attacks so far.
Safety Check isn’t a new offering from the tech giant. It was launched in 2011 after the devastating Tsunami had hit Japan and surrounding areas. The option was also widely used after the earthquake in Nepal earlier this year.
Interestingly this is the first time Facebook has activated the service for anything other than natural disaster.
Explaining the reasoning behind the move, Zuckerberg wrote on Facebook, “Many people have rightfully asked why we turned on Safety Check for Paris but not for bombings in Beirut and other places. Until yesterday, our policy was only to activate Safety Check for natural disasters. We just changed this and now plan to activate Safety Check for more human disasters going forward as well.”
Facebook is also allowing users to change their profile pictures in the blue, white and red shades of the French national flag in support of France and the people of Paris.
iWorld
Snapchat parent Snap cuts 16 per cent of workforce in AI-driven restructuring
The Snapchat parent is axing around 1,000 jobs and closing 300 open roles to save $500m, as artificial intelligence makes smaller teams the new normal
CALIFORNIA: Snap is snapping. The Snapchat parent has confirmed plans to cut around 1,000 employees, roughly 16 per cent of its full-time workforce, as it bets that artificial intelligence can do what headcount once required. Shares jumped more than 10 per cent in premarket trading on the news, a brisk vote of confidence from a market that has watched the stock shed about 31 per cent this year.
The restructuring, which also closes more than 300 open roles, follows pressure from activist investor Irenic Capital Management, which holds an economic interest of about 2.5 per cent in the company and has been loudly pushing Snap to tighten its portfolio and lift performance. The firm got what it asked for, and then some.
Chief executive Evan Spiegel told employees the cuts would reduce annualised expenses by more than $500m by the second half of the year. The company expects to incur charges of between $95m and $130m related to the layoffs, mostly severance, with the bulk landing in the second quarter. Staff in Snap’s North America team were asked to work from home on the day of the announcement.
The financial backdrop is not without bright spots. Snap expects first-quarter revenue to rise around 12 per cent to approximately $1.53 billion, broadly in line with analyst estimates. Adjusted core profit for the January to March quarter is forecast at about $233m, comfortably ahead of Wall Street’s expectation of $186.8m.
The harder question surrounds Specs, Snap’s augmented reality smart glasses subsidiary, which Irenic has urged the company to spin off or shut down entirely. The unit has absorbed more than $3.5 billion in investment and burns through approximately $500m in cash annually. Snap is pressing ahead regardless, with a consumer product expected later this year, even as Meta leads the market in the segment.
Spiegel is betting that leaner teams, smarter machines and a consumer AR play can restore Snap’s credibility with investors who have run out of patience. The redundancy notices have gone out. The harder restructuring, the one that requires a hit product rather than a headcount reduction, is still very much pending.
