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>The WhatsApp owner had cut more than 11,000 jobs or 13% of its workforce in November, following such tech companies as Amazon.com Inc (AMZN.O) and Microsoft Co

>The WhatsApp owner had cut more than 11,000 jobs or 13% of its workforce in November, following such tech companies as Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) which have announced thousands of layoffs due to the economic downturn. What economic downturn? Certainly none in the US by most metrics.

chupchap 4y ago
> What economic downturn? Someone closed the interest free money faucet
baq 4y ago
Hard landing? Soft landing? No landing at all more like!
bagels 4y ago
The same kind that fuels 40B buybacks. Sure, inflation is up, but these companies are still wildly profitable. Perhaps they are preparing for winter, but it's not completely here today.
roncesvalles 4y ago
If you repeat a lie often enough it becomes the truth.