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Facebook parent plans new job cuts that could match last year’s tally
- newaccount2023 4y agoit takes fewer people to oil a machine than it took to build it
- enumjorge 4y agoMeta was supposed to be building a new machine since the old one’s usage stopped growing
- echelon 4y agoNow they have to decide between AI and VR. Unless Zuckerberg wants to put wood behind multiple arrows, which seems like a great way to risk missing both opportunities. Oh, and they have to KTLO at their money makers. Shrinking at opportunity seems strange if the business is healthy. It's a great signal to would-be engineers on these efforts.
- acvbc 4y ago[flagged]
- etc-hosts 4y agoyou made an acct just to write that?
- meghan_rain 4y agowhat did she say?
- upon_drumhead 4y agohttps://archive.is/Uy7Sy https://archive.is/Uy7Sy
- cowsandmilk 4y agoWe keep getting articles and keep having nothing happen… They need to pull the trigger some day.
- samspenc 4y agoThe WSJ article in Nov 2022 turned out to be pretty accurate, I would be surprised if this one wasn't. This year's Meta layoffs were reported on in Bloomberg as well a few days ago, and Meta hasn't denied either of the reports.
- hackernewds 4y agothis from a company that has announced $40B in buybacks
- nicolashahn 4y agoThis felt especially like a middle finger to employees because it boosted the stock price exactly during the 1 week window that determines how many new RSUs will be given to employees as refreshers for the year. Higher price = less shares. Had the stock not rocketed before the window, employees would have gotten ~20% more shares.