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Posted on 05/15/2026 6:18:23 PM PDT by Red Badger
t's a rough time to be working at Facebook, Instagram, or one of Meta's many other properties. Mark Zuckerberg's social media giant will reportedly hand out roughly 8,000 pink slips on Wednesday, May 20, eliminating about 10% of its global workforce. Notably, though, these cuts will arrive on the heels of one of the most lucrative quarters in the company's history: $56.31 billion in revenue and $26.8 billion in net income (1) for the first three months of 2026, per Meta's Q1 earnings filing. For many Meta employees, that stark contrast is apparently driving morale into the dirt.
According to a fresh report from WIRED (2), which interviewed more than a dozen current and former Meta employees, vibes at the company are way off course. According to one Instagram employee, "everyone is unhappy; the only people who are not unhappy are, literally, executives." Several staffers told WIRED they are openly hoping to be laid off, if only to collect the 16 weeks of severance and 18 months of paid health care that come with it.
Massive profits, and cuts to match In a memo first reported by Bloomberg (3), Meta's chief people officer Janelle Gale told staff the layoffs would help to "run the company more efficiently" and "offset the other investments we're making." Meta CFO Susan Li echoed that sentiment during the company's Q1 earnings call, saying a "leaner operating model" would help offset the company's massive capital expenditures (4), particularly around artificial intelligence, which will hit somewhere in the ballpark between $125 billion and $145 billion (5) this year, a massive leap up from its $72.2 billion spend in 2025 (6).
(Excerpt) Read more at aol.com ...
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10% reduction every so often is sort of business as usual. Actually it is on the lowside of what i experienced.
The layoffs only safe them about a billion dollars a year.
Something strange going on Meta land.
It is an approximate reduction of 10% of employees.
Fire foreign workers first.
For the life of me, I just can’t imagine why that many people are needed to provide so little.
10% layoffs? Just a year ago, I read about the CEO throwing millions of dollars at a few very bright 15 year olds, begging them to sign some sort of work agreement.
DEI hires….
The definition of decimation.
They likely could have kept 25% - 30% of those for another year if Zuckerberg hadn’t spent $400 million trying to elect biden in 2020. Listening to obama’s people was costly.
As when Elon bought Twitter.
- fire 65% of the staff
- see a 20% increase in productivity.
Faceplant
Although i invest in index funds i checked meta stock return out of curiosity.
Meta stock has increased in value by 133% over the last 3 years.
Meta (META) stock is priced at approximately \(\$614.00\), marking an increase of about \(133\%\) compared to its price of roughly \(\$264.00\) in May 2023.Over the 3-year period, the stock has experienced massive gains driven by the company’s “Year of Efficiency,” cost-cutting measures, and a major pivot to artificial intelligence and foundational large language models. This massive multi-year rally is even higher when looking at total 3-year returns.
Is all their reported cash intake strictly through Advertisement? (I have “Ublock” and see NO ADS ANYWHERE) They must have subscriptions for things people really don’t need outside of advertisements? The numbers are staggering (to me) and in actuality they make nothing tangible. I have been on line since the late 80’s and the only thing I have given money to is Free Republic and recently Tim Burnett, outside of that I saw nothing of value worthy of the cash God has blessed me with. Is their anyone here who is familiar with “META’S” income stream?
Can’t wait for some judge to block this.
They dont have to preach to him, he likes the democrat candidates. No arm twisting or brainwashing required. Zuck is not a good person, therefore they are already aligned in terms of worldviews.
Beatings will continue until morale improves. So it goes.
Neither can Meta...................
Layoffs so deep the company will now be renamed “Gogle”.
X is putting the hurt on the leftists.
I go over to FB to troll libs. Normally get 30 day time out after a week or so.
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