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> Honestly, multiple rounds of cuts are a big failure of leadership. In 2008, this was more understandable. The economy was in a quick decline, and it was hard

> Honestly, multiple rounds of cuts are a big failure of leadership. In 2008, this was more understandable. The economy was in a quick decline, and it was hard to know where things would bottom. Right now, things don't look all that different from their first round in November. You mentioned trust with employees, but for investors, they should look at this, combined with leadership churn, and know something's not right. There's a CEO who is/was distracted by his pet metaverse project, previously distracted by making a cryptocurrency, who wasn't paying attention to TikTok or thinking critically about post-pandemic scenarios. I assume Sheryl Sandberg over leadership disagreements, but being the pro she is, she's kept her mouth shut about it.

nr2x 4y ago
Yes, so professional to have company staff plan your wedding
- telotortium 4y ago
  Did that ever reach a conclusion? All I can find are articles from last year (https://archive.ph/YaKxL https://archive.ph/YaKxL). Also, planning a wedding would not be out of the job description of something like an executive assistant - their whole point is to do busywork and personal-life logistics so that the executive focuses more fully on their work.
paganel 4y ago
> metaverse project, previously distracted by making a cryptocurrency Crypto is of course 95% all a scam, but as crazy as it may look from the outside I think Zuckerberg was right on that one. He didn't want to compete against the likes of all the crypto-bros and the other crypto scammers, there were no hundreds-of-billions to be made out of that, he wanted to compete against governments and central banks by actually instituting a "global" e-currency. That's why a lot of central bankers and governments reacted immediately to Facebook's announcement, they knew what was at stake. If anyone could have technically accomplished that, on the private/non-government side, that was Facebook (or maybe Amazon, possibly Google). Of course many central banks and governments now want to implement the same "global" e-currency project that they were very quick to deny to Zuckerberg.

nr2x 4y ago

Yes, so professional to have company staff plan your wedding

telotortium 4y ago
Did that ever reach a conclusion? All I can find are articles from last year (https://archive.ph/YaKxL https://archive.ph/YaKxL). Also, planning a wedding would not be out of the job description of something like an executive assistant - their whole point is to do busywork and personal-life logistics so that the executive focuses more fully on their work.

paganel 4y ago

> metaverse project, previously distracted by making a cryptocurrency Crypto is of course 95% all a scam, but as crazy as it may look from the outside I think Zuckerberg was right on that one. He didn't want to compete against the likes of all the crypto-bros and the other crypto scammers, there were no hundreds-of-billions to be made out of that, he wanted to compete against governments and central banks by actually instituting a "global" e-currency. That's why a lot of central bankers and governments reacted immediately to Facebook's announcement, they knew what was at stake. If anyone could have technically accomplished that, on the private/non-government side, that was Facebook (or maybe Amazon, possibly Google). Of course many central banks and governments now want to implement the same "global" e-currency project that they were very quick to deny to Zuckerberg.