Meta's Oversight Board Announces Job Cuts Amid Scrutiny and EU Probe

The independent body faces challenges as it plans layoffs while dealing with slow decision-making and a new European Union investigation.

Meta's Oversight Board, responsible for content moderation decisions, is planning targeted job cuts to optimize operations.
The board has been criticized for its slow pace, deciding on only a few cases out of hundreds of thousands.
A new EU probe raises concerns about Meta's handling of disinformation, questioning the effectiveness of its reporting mechanisms.
Meta remains committed to the Oversight Board, emphasizing its independence and the importance of its work.
Stock prices of Meta dropped nearly 3% following the announcement of layoffs and the EU investigation.