Meta has reported record-high profits, but the company's morale is at an all-time low. The company is cutting about 10% of its staff, with many employees expressing unhappiness.

The company's decision to pull out of Australian news deals has sparked ire from the government. Prime Minister Anthony Albanese labeled the move 'untenable' and flagged action against the tech giant.

Meta announced it would not renegotiate new deals as part of the news media bargaining code, a move publishers said would cost them millions of dollars in annual funding and likely affect local jobs. The company's dec…

Assistant Treasurer Stephen Jones and Communications Minister Michelle Rowland accused the tech giant of 'a dereliction of its commitment to the sustainability of Australian news media.' The government is prepared to …