4 ms·

< looks over at twitters 50% layoffs > More than 15% often means a change in the business model.

• jstx1 4y ago
  Look at Facebook's employee curve in the article - it looks pretty much exponential. If they lay off 50% of their employees, they'll be at 2018 levels when they had essentially the same business model.
  • summerlight 4y ago
    Their revenue had also exponentially grown (doubled between 2018 and 2021) even though IDFA kicked in, which pours huge complexity on Facebook's business. Unlike people's typical tech stereotype, revenue growth is not something automatically granted with "the right technology"; you need product management, sales and and engineering infrastructure just to keep it.
  • mclightning 4y ago
    they can't afford to make same mistakes they did in 2018 though. when you're as big as facebook, mistakes you make shape the regulations in the world.