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Facebook workers are reportedly under duress as Meta stock craters
SF Gate ^
| October 28, 2022
| By Joshua Bote
Posted on 10/28/2022 2:26:27 PM PDT by Oldeconomybuyer
Workers at the Bay Area-based tech behemoth Meta, the owners of Facebook, Instagram and the struggling Meta Quest VR devices, are reportedly feeling the pinch as the company's stock falters dramatically.
According to a Business Insider report from Wednesday, Facebook workers are feeling heightened pressure to overperform or get sacked.
The report added that even high achievers in the company are not immune to layoffs.
This detail dovetails with a recent open letter by prominent shareholder Brad Gerstner, who called for a cutback in Meta funding and a 20% cutback in staff costs.
Meta stock cratered by nearly 25% at the end of the day Thursday, the lowest price it’s been since 2016
(Excerpt) Read more at sfgate.com ...
TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: chat; computersinternet; democrats; facebook; meta; myspacev2; socialmedia; woke; zuckerberg
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To: Oldeconomybuyer
Just give them some Play-Do and a coloring book.
2
posted on
10/28/2022 2:27:27 PM PDT
by
SkyDancer
(I Walk In The Rain So Nobody Can See My Tears)
To: Oldeconomybuyer
3
posted on
10/28/2022 2:28:26 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Oldeconomybuyer
4
posted on
10/28/2022 2:29:32 PM PDT
by
PGR88
To: Oldeconomybuyer
I am looking for a crumb of sympathy in my heart.
Maybe....!
Nope sorry.
Just a bit of potato chip from lunch.
5
posted on
10/28/2022 2:29:55 PM PDT
by
Harmless Teddy Bear
(The nation of france was named after a hedgehog... The hedgehog's name was Kevin... Don't ask)
To: dfwgator
Perhaps they should learn to code accounting packages instead of scrubbing anything right of mao.
6
posted on
10/28/2022 2:30:14 PM PDT
by
protoconservative
(Been Conservative Before You Were Born )
To: Oldeconomybuyer
7
posted on
10/28/2022 2:30:17 PM PDT
by
E. Pluribus Unum
( We need to “build back better” on the bones and ashes of those forcing us to “Build Back Better.")
To: Oldeconomybuyer
I’m not interested in spending my time as a cartoon in a cartoon world
8
posted on
10/28/2022 2:30:55 PM PDT
by
roving
( Pronouns- libs/suk)
To: Oldeconomybuyer
No worries since Paul Pelosi is at Zuckerberg Hospital in SF, just run the bill up to cover the losses
9
posted on
10/28/2022 2:31:34 PM PDT
by
shotgun
To: Oldeconomybuyer
“Facebook workers are reportedly under duress as Meta stock craters”
They can ALWAYS get a job at Twitter.
...hmmmm...
Oh, never mind.
10
posted on
10/28/2022 2:31:35 PM PDT
by
BobL
To: Oldeconomybuyer
Quit and go work for Twitter!
11
posted on
10/28/2022 2:31:51 PM PDT
by
freedumb2003
(Difference between a cow and the US Capitol 1/6 "riot:" you can only milk a cow 3 times a day)
To: Oldeconomybuyer
12
posted on
10/28/2022 2:32:19 PM PDT
by
HIDEK6
(God bless Donald Trump. )
To: BobL
Jeeze - 16 seconds! GMTA!
13
posted on
10/28/2022 2:33:04 PM PDT
by
freedumb2003
(Difference between a cow and the US Capitol 1/6 "riot:" you can only milk a cow 3 times a day)
To: Oldeconomybuyer
I feel their pain.
Actually, no I don’t.
14
posted on
10/28/2022 2:34:21 PM PDT
by
Leep
(Hillary will NEVER be president! 😁)
To: Oldeconomybuyer
Fire cuck Zuck and his sheep.
15
posted on
10/28/2022 2:36:06 PM PDT
by
dforest
Have they tried putting on their META goggles to live in their happy place?
16
posted on
10/28/2022 2:36:16 PM PDT
by
proust
(All posts made under this handle are, for the intents and purposes of the author, considered satire.)
To: Oldeconomybuyer
They should just learn to code.
17
posted on
10/28/2022 2:39:19 PM PDT
by
KevinB
(Word for the day: "kakistocracy" - a society governed by its least suitable or competent citizens)
To: Oldeconomybuyer
Facebook employees, but want to hear the good news?
18
posted on
10/28/2022 2:39:42 PM PDT
by
NohSpinZone
(First thing we do, let's kill all the lawyers)
To: Oldeconomybuyer
Facebook workers are reportedly under duress Oh I surely do hope so! :-))
19
posted on
10/28/2022 2:39:42 PM PDT
by
tomkat
( SOTU = FUBAR)
To: roving
It seems like it’s being developed for a future where every remaining human life will be living in a sealed off bomb shelter.
20
posted on
10/28/2022 2:41:00 PM PDT
by
monkeyshine
(live and let live is dead)
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