Facebook has committed thousands of dollars to helping its staff of 45,000 employees manage expenses during the coronavirus pandemic that is spreading across the globe. The recent news, first reported by The Information, surfaced shortly after Facebook's chief operating officer, Sheryl Sandberg, announced that the firm would be investing $100 million to help small businesses in over 30 countries. The majority will be in cash grants and Facebook will disclose more details soon about how businesses will be able to apply for assistance. Facebook Chief Operating Officer Sheryl Sandberg said in a post Tuesday that the economic disruption poses a severe risk to small businesses. 'We've listened to small businesses to understand how we can best help them.

Source: Daily Mail March 17, 2020 19:46 UTC