4 ms·

> If it were just about the money Sadly, today's layoffs were probably related to it not being just about the money then... no matter how good your intentions

> If it were just about the money Sadly, today's layoffs were probably related to it not being just about the money then... no matter how good your intentions are, when the money runs out, it's gone.

dunkmaster 4y ago
Even Zuckerberg acknowledges that it is about money in the linked article: "Fundamentally, we’re making all these changes for two reasons: our revenue outlook is lower than we expected at the beginning of this year, and we want to make sure we’re operating efficiently across both Family of Apps and Reality Labs. "
- mathverse 4y ago
  It is about trimming the fat mainly. Meta is still absolutely a money printing machine.
  - Gene_Parmesan 4y ago
    In fact, this is one of those truisms about the "down" side of the classical business cycle - that recessions partly function as an excuse to cut inefficiencies. How accurate this truism is, I don't know.
    - tibbon 4y ago
      Proof is that Meta stock is up today. I don't like this system of value, but it's what we've got.
      - trey-jones 4y ago
        Today's price action is rarely a reflection of today's news.
  - groos 4y ago
    "trimming the fat" - this is such an unfortunate phrase. In evolutionary terms, fat is what let species survive lean periods.
    - ambrose2 4y ago
      This is a lean period, and the fat that meta had enabled them to cut fat rather than cut muscle or bone, making them now more lean, but still strong. The fat they had served its purpose similar to how fat serves its purpose during famine.
    - colinmhayes 4y ago
      and in modern terms it makes you a social pariah. Really though trimming the fat probably refers to a butcher removing the unwanted flesh from meat, not losing weight.
      - hamburglar 4y ago
        Spot on. The clue it’s not about evolution is that you don’t “trim” fat from a live animal.
artificial 4y ago
They hired 42,000 during COVID. Lots of companies did the same, Twitter added 3500, the largest since they started.

> If it were just about the money Sadly, today's layoffs were probably related to it not being just about the money then... no matter how good your intentions are, when the money runs out, it's gone.

dunkmaster 4y ago

Even Zuckerberg acknowledges that it is about money in the linked article: "Fundamentally, we’re making all these changes for two reasons: our revenue outlook is lower than we expected at the beginning of this year, and we want to make sure we’re operating efficiently across both Family of Apps and Reality Labs. "

mathverse 4y ago
It is about trimming the fat mainly. Meta is still absolutely a money printing machine.
- Gene_Parmesan 4y ago
  In fact, this is one of those truisms about the "down" side of the classical business cycle - that recessions partly function as an excuse to cut inefficiencies. How accurate this truism is, I don't know.
  - tibbon 4y ago
    Proof is that Meta stock is up today. I don't like this system of value, but it's what we've got.
    - trey-jones 4y ago
      Today's price action is rarely a reflection of today's news.
- groos 4y ago
  "trimming the fat" - this is such an unfortunate phrase. In evolutionary terms, fat is what let species survive lean periods.
  - ambrose2 4y ago
    This is a lean period, and the fat that meta had enabled them to cut fat rather than cut muscle or bone, making them now more lean, but still strong. The fat they had served its purpose similar to how fat serves its purpose during famine.
  - colinmhayes 4y ago
    and in modern terms it makes you a social pariah. Really though trimming the fat probably refers to a butcher removing the unwanted flesh from meat, not losing weight.
    - hamburglar 4y ago
      Spot on. The clue it’s not about evolution is that you don’t “trim” fat from a live animal.

artificial 4y ago

They hired 42,000 during COVID. Lots of companies did the same, Twitter added 3500, the largest since they started.