Posted on 11/06/2022 5:18:37 PM PST by libh8er
Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.
The planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history. While smaller on a percentage basis than the cuts at Twitter Inc. this past week, which hit about half of that company’s staff, the number of Meta employees expected to lose their jobs could be the largest to date at a major technology corporation in a year that has seen a tech-industry retrenchment.
(Excerpt) Read more at wsj.com ...
And they didn’t even have to change the leader
First, it was Twitter. Next comes Facecrook, aka Meta. Who’s next? Google??
Hopefully, ICE agents will be waiting at the exit doors to escort the H1B gang to a waiting plane en route to Nocrap, India.
Already notified mod for fixing title.
CIA money might be drying up. Gotta start cutting staff.
What is best in life? To crush your enemies and see them driven before you, and hear the lamentations of their women.
Ain’t it funny how what goes around comes around ?
Well, learn to code. Oh. Wait.
There’s going to be a lot more of this unfortunately. We are at the beginning of bad economic times, not even close to the end.
Oh no. Elon Musk is all powerful!!
Zuck really isn’t that bright. He got where he is by luck, and that luck is running out.
Not a problem, they can get a job at Twitter.
...oh, never mind.
“Meta reported more than 87,000 employees at the end of September.”
My leftist neighbor posts there. He does the work, they get the paychecks.
ICE won’t have time to handle the H1B visa holders. They and DOJ will be busy writing their own twits and posting their own fakebook content since their in kind services will be terminated.
You nailed it. He was fortunate with timing and badly managed competition (myspace and friendster), but he’s not a tested leader. His myopic focus on the metaverse is recipe for failure - technology, process, usage, etc. Many big egos have fallen before him.
Is it a coincidence that the IRS is going to be hiring 87,000 new agents?
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