1. Meta is shutting down Workplace, its enterprise communications business. Workplace was launched in 2016 as a Facebook-powered collaboration tool for businesses, but it has struggled to gain significant traction against competitors like Slack and Microsoft Teams. The decision to shut down Workplace is part of Meta's broader efforts to streamline its operations and focus on its core consumer products.

2. The shutdown of Workplace is expected to impact around 5,000 employees, according to sources familiar with the matter. Meta has been undergoing a major restructuring and cost-cutting initiative, which has included significant layoffs across the company. The closure of Workplace is seen as part of this broader effort to reduce costs and focus on more profitable business lines.

3. Workplace was positioned as a way for businesses to harness the power of Facebook's social networking features for internal communication and collaboration. However, it faced significant competition from more established enterprise communication tools, and struggled to differentiate itself in a crowded market. The decision to shut down Workplace reflects the challenges Meta has faced in expanding beyond its core social media platform.