Meta has reportedly stopped pitching advertisers on the metaverse

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Facebook CEO and founder Mark Zuckerberg in an Oculus VR headset in 2016
Less than one year after Meta CEO and founder Mark Zuckerberg was pushing the Metaverse, the firm has moved away from the technology in meetings with advertisers.

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JPMorgan is asking senior managers to be in the office five days a week. Here's the latest on return-to-office mandates.

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Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition, a roundup of some of our top stories.

On the agenda today:

Meta staff are reportedly grumbling that cafeteria options and perks are on a downward spiral as Mark Zuckerberg cuts costs

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Mark Zuckerberg
Mark Zuckerberg has trimmed Meta's headcount in recent months, including reported cuts to contractors working at the company's cafeteria.

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Mark Zuckerberg and other top Meta execs are spending most of their time on AI, the company's CTO says

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Facebook executive Andrew Bosworth is shown talking at an event
Meta CTO Andrew Bosworth.

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A 2nd round of layoffs at Meta and Amazon shows companies are taking back their power — and they may not stop there

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Andy Jassy, CEO of Amazon Web Services, or AWS, the retail giant's cloud-computing business.
Amazon CEO Andy Jassy announced the company would lay off 9,000 employees, on top of an earlier cut of 18,000.

Mike Blake/Reuters

Amazon and Meta's 48,000 job cuts usher in Big Tech's new mantra: Revenue per employee

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Amazon

Elaine Thompson/AP

TikTok's potential buyers

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Dude, where's my car? Parked where it usually is, I hope. But that isn't the case for a lot of people. 

That's because a viral TikTok has been showing people how to easily hijack Kia and Hyundai vehicles using only a USB cord. 

Mark Zuckerberg says Meta is aiming to update workers on the company's remote-work policy this summer, but he's not going to eliminate it completely

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Mark Zuckerberg smiles while walking outside at 2021 Sun Valley conference
Mark Zuckerberg said Meta will continue to support remote work, but it might consider updating its policy this summer.

Kevin Dietsch/Getty Images

A Meta employee asked Mark Zuckerberg how staff could trust his leadership decisions after layoffs during a tense town hall

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Mark Zuckerberg at the Paley Center For Media on October 25, 2019
Mark Zuckerberg addressed staff questions in a meeting this week after announcing a second wave of layoffs.

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Banning TikTok would be an early Christmas gift to Mark Zuckerberg

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Mark Zuckerberg
Meta could stand to benefit from a TikTok ban.

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