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Evil Empires collapsing? Report: Meta (Facebook) announcing "large scale lay-offs" Monday as Stock Value Tanks Over 70%
Hotair ^ | 11/06/2022 | Beege Welborn

Posted on 11/06/2022 8:49:12 PM PST by SeekAndFind

I mean, are we watching the people who truly were the threat to democracy begin to dissolve in real-time?

HO-LEE-SMOKES, it’s starting to look like it.

A bit of grim Sunday news: large scale layoffs at Meta start next week, possibly Wednesday.https://t.co/zSUDtTllWw

— Jeff Horwitz (@JeffHorwitz) November 6, 2022

According to the report which just broke in the Wall Street Journal, the cuts are going to be substantial across the Meta-verse.

…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 [META 2.11%increase] 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.

As Elon Musk found when he got inside the Twitter building, it turns out there were quite a few expendable employees at Facebook/Meta, too. Now that the Lizard King, Meta Chief Executive Mark Zuckerberg, no longer needs tens of thousands of employees to manipulate personal Facebook pages or suppress the flow of information to do the Biden administration’s unconstitutional bidding, it’s ‘off with their well-compensated heads’ in the employment sense.

…The cuts expected to be announced this week follow several months of more targeted staffing reductions in which employees were managed out or saw their roles eliminated.

“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Mr. Zuckerberg told employees at a companywide meeting at the end of June.

Ya think? It sure must have been lucrative while it lasted to be able to hire so many misinformation overseers so fast. Tracking American citizens’ every move, parsing their thoughts, and making sure they only received government-approved narratives takes resources and tons of eyeballs.

Shareholders, OTOH, have not been happy with Zuckerberg’s stewardship in the least, with the stock having lost over 70% of it’s value this year, and have been rumbling for the machetes to come out.

…Last month, investment firm Altimeter Capital said in an open letter to Mr. Zuckerberg that Meta should slash staff and pare back its metaverse ambitions, reflecting the rising discontent among shareholders.

That’s a whale of a company performance chart for the boy genius there.

Facebook changed its name to Meta on this day one year ago.

Since then, the company’s market value has declined by $622 billion.


pic.twitter.com/DsCc84ascI

— Jon Erlichman (@JonErlichman) October 28, 2022

And, frankly, the environment just isn’t friendly for information-tracking Nazis/ government stooges anymore. There’s the fact the public is aware of what they’ve been doing and every bit of information that comes out about it is more egregious, more damning than the last. And which friends are always in Facebook jail? The ones who put up conservative memes. People notice that stuff.

Dozens of federal officials across multiple agencies within the Biden administration communicated extensively with social media companies to coordinate censorship of information, according to internal documents released by Republican Attorneys General Eric Schmitt of Missouri and Jeff Landry of Louisiana.

Officials within the Department of Homeland Security and the Department of Health and Human Services sent emails to employees at Facebook and Twitter to flag instances of alleged misinformation and provide talking points to counter allegedly false narratives spreading on the platforms.

Government officials would occasionally initiate this activity, with one message from a Centers for Disease Control and Prevention official requesting monthly meetings with Facebook to plan “debunking” strategies, and a White House official requesting the removal of a parody Anthony Fauci account.

One collection of emails shows Facebook staff collaborating closely with staff at the the Department of Health and Human Services to remove Facebook groups, with one message describing the collaboration as “critical.”

Meta has competition now, something it didn’t have for the longest time, and some firms – like Apple – are allowing customers to just flat out opt IN, vice being trapped on a platform that tracks them with no recourse. Americans are on to these guys, in a big way. And they are over it.

Meta Is The S&P 500’s Worst Performer Of 2022 As Losses Near 75%


https://t.co/VeVY5P5E8z pic.twitter.com/7SWJn3JXeo

— Forbes (@Forbes) November 3, 2022

What would really be lovely would be if one of the overindulged former lords of the innerwebs gave up the goods on his way out the door.

In any event, it is some lovely schadenfreude in the air these past couple of days. Tiny, horrible people on tech thrones who self-righteously made lives miserable, made destroying lives easy, and facilitated the greatest injustice ever perpetrated against the American people are having the chair legs cut out from under them and getting dumped on their arrogant butts.

Learn to code, HAH.

On top of a Red Moon rising Tuesday? My cup runneth over.

Let’s clean this place out.



TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bigtech; bloggers; censorship; facebook; freespeech; internet; labor; layoffs; markzuckerberg; meta; seekandcondescend; socialmedia; weknowwhometais; zuckerwithanf
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1 posted on 11/06/2022 8:49:12 PM PST by SeekAndFind
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To: SeekAndFind

Excellent


2 posted on 11/06/2022 8:50:11 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SeekAndFind

Let’s start the rumor that with Facebook stock tanking, Elon Musk is looking at buying it too. Maximized liberal angst!


3 posted on 11/06/2022 8:53:46 PM PST by bigbob (z)
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To: SeekAndFind

$622 billion

Advertising isn’t worth that much.

Probably less than 5% of Walmart purchases are advertising sourced.

Probably less than 10% of Amazon purchases are third-party advertising sourced.


4 posted on 11/06/2022 9:01:47 PM PST by Brian Griffin
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To: SeekAndFind

If Zuck continues spending billions on Meta, some on the Board of Directors may want him replaced. He certainly won’t suffer financially. Only his pride will be bruised.


5 posted on 11/06/2022 9:07:39 PM PST by lee martell
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To: SeekAndFind

87,000??? Facebook could easily operate at the same level with 8700.


6 posted on 11/06/2022 9:20:37 PM PST by montag813
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To: SeekAndFind

In other news Biden claims unemployment is at the lowest in US history with an unemployment rate of -12%, despite the tens of thousands of layoffs just from Meta alone.


7 posted on 11/06/2022 9:23:36 PM PST by Blue Highway
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To: montag813
87,000??? Facebook could easily operate at the same level with 8700.

I saw that and wondered - WTF do all these people do??? The little bit I use Facebook and Instragram, I see NO changes or improvements. Everyone I know uses them less and less.

8 posted on 11/06/2022 9:25:39 PM PST by PGR88
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Ow. Glad I wasn’t holdin’. One year chart:

Meta Platforms Inc - Class A
NASDAQ: META
90.79 USD
-239.42 (-70.70%)


9 posted on 11/06/2022 9:33:30 PM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SeekAndFind

They can all work next to the pipeline workers at the John Kerry Solar Panel Consortium.


10 posted on 11/06/2022 9:39:40 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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I may see the day it’s a penny stock. Still overpriced. 🤣


11 posted on 11/06/2022 9:49:36 PM PST by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: Organic Panic

They can learn to code...

Oh, wait! Nevermind.


12 posted on 11/06/2022 9:49:51 PM PST by RedMonqey
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To: SeekAndFind

They can stop paying 3rd party “fact checkers” to silence conservatives. That would be a nice place to save money as well. FB shouldn’t be some sort of arbiter of “truth”. We’re all adults here.


13 posted on 11/06/2022 9:55:18 PM PST by vpintheak (Live free, or die!)
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To: montag813
I find that many employees stunning.

Tons of fat can be trimmed from that company. I am sure there are tons of fact checkers, DEIs, and other worthless jobs there. 87k, mind boggling.

14 posted on 11/06/2022 9:59:48 PM PST by KC_Conspirator
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To: montag813
87,000??? Facebook could easily operate at the same level with 8700.

Yep, you don’t need an army of people to run a simple social media platform, but you do need one to monitor every user’s account for speech that dissents from the ruling regime’s political agenda.

15 posted on 11/06/2022 10:05:17 PM PST by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: SeekAndFind

Fire all the H1-Bs and notify immigration so they can be deported back to India.


16 posted on 11/06/2022 10:10:21 PM PST by Gaffer
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To: SeekAndFind

Wonderful News....

A small price to pay for betraying the country. Maybe karma is about to bite them in the arse.


17 posted on 11/06/2022 10:31:59 PM PST by tired&retired (Blessings )
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To: SeekAndFind

Up until about a month ago I had been getting emails from Meta asking if I’d be interested in working for them....I never responded but they had kept coming . But not in past month or so.


18 posted on 11/06/2022 11:25:44 PM PST by AndyTheBear
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To: bigbob
Let’s start the rumor that with Facebook stock tanking, Elon Musk is looking at buying it too. Maximized liberal angst!

Maybe Musk could offer him $3.98 for Facebook. 🤪😆👍🤗😀

19 posted on 11/06/2022 11:38:00 PM PST by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
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To: SeekAndFind

20 posted on 11/06/2022 11:44:17 PM PST by DannyTN
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