> But if that's the case, are we basically still in the early innings of this crisis? We might be, but more likely is that Meta is facing a reality that all hu

> But if that's the case, are we basically still in the early innings of this crisis? We might be, but more likely is that Meta is facing a reality that all huge companies eventually face: there isn't a play for megagrowth anymore once you are the size of big tech companies. You'll grow a little faster or slower than CAGR. So, since you can't grow the top line, you start looking at the bottom line and becoming more capital efficient. Laying off overpaid people is the start of the process.