Earlier this month, the company said it would lay off around 11,000 people, or 12.5% of its global workforce, marking the first major round of job cuts in company history in the face of mounting losses in its metaverse project and a pullback in ad spending that continues to hit sales at its Facebook division.'A Bargain for Mark'The agency said on Nov. 28 that it was fining Meta about $275 million for a data leak that resulted in the personal information of more than 500 million Facebook users being published online.Irish regulators began their inquiry on April 14 following media reports about the discovery of a collated dataset of Facebook personal data that had been made available on the internet.There was also an incident in March involving data breachesAnd last year, the commission whacked Meta for about $235 million, for violations related to its messaging service WhatsApp.'Having it Both Ways'Raji Srinivasan, a marketing professor at the University of Texas' McCombs School of Business, noted that European regulators are definitely less forgiving with data and privacy violations than their American counterparts."