This isn't a surprise. Meta's headcount grew 32% in one year, and revenues went down 1% YoY in Q2. Wall Street expects it to go down even more YoY in Q3. Layof

This isn't a surprise. Meta's headcount grew 32% in one year, and revenues went down 1% YoY in Q2. Wall Street expects it to go down even more YoY in Q3. Layoffs usually happen in September since that's when budgets are set. So they objectively overhired, expect to shrink, are now just laying off non-revenue generating divisions. Some can argue there's no such thing as non-revenue generating divisions. Every division contributes, and this one could have helped with the Meta brand, public perception, user retention, etc. But the real way you solve that (as AI researchers have solved) is not having a firefighting team that's expected to fix everything; it's instilling the proper behaviors, processes and culture within each and every team in the company. Having these discrete "divisions" serves PR goals more than anything, and that's expensive PR. This is exactly like Steve Jobs laying off the Advanced Technology Group. Did that signal a "neglect" of R&D? No. I personally believe that even Meta management is far more pessimistic about its stock than Wall Street is, and that's why they're playing it careful. Wall Street expects a 10% growth in revenue in 2023. Usercount isn't growing. So FB needs to cut spending and focus on core product and increasing revenue per user. Straightforward.