Posted on 04/19/2023 3:48:59 AM PDT by george76
I work in big tech (not Meta). The layoffs are a huge morale sink. Not knowing if you’re going to get called to HR week after week is a constant mind game.
I wish they’d cut perks instead of laying off staff, but for some reason, that’s not even in the cards.
The most amazing part of the Meta story is that they’ve been able to stay in business for this long. For the life of me, I can’t imagine how they ever generate enough revenue to keep even two dozen people employed.
Meta as a company may not survive intact. As an example, Musk has shown that Twitter CAN survive but with a MUCH more rational expense portfolio, including employee reduction.
I wouldn’t be surprised if FB et al were eventually sold off in piece parts.
True. What generated profit for Meta aside from FB-related ad revenue? I have no idea.
Running out of Kinko boxes ?
Musk said that 80 percent of employees at Twitter are gone.
I’m sure they sold user data, too … but once it became clear that the site is filled with fake users, the value of that data was surely diminished.
I guess out of work coal miners are wasting their times learning to code. /S
We do not know exactly how much money Meta received from the government to assist in the propaganda war against the American people
I’m sure they sold user data, too … but once it became clear that the site is filled with fake users, the value of that data was surely diminished.
******
The technology sector as whole is over capitalized with redundant companies, those companies went on a hiring a spree that swallowed up a lot of the labor supply. That hiring spree raised their costs, those costs are unsustainable.
This is starting change, should last 12 to 18 months, with plenty of layoffs.
50 percent of Biden’s twitter followers are fake, how many 2020 ballots were also fake?
https://nypost.com/2022/05/17/half-of-joe-bidens-twitter-followers-are-fake-audit-reveals/
I worked for companies where the guys at the top would get bigger bonuses the more people they laid off. I always thought that ways a strange incentive.
Woke San Francisco Fed Chief Mary Daly ignored Silicon Valley Bank’s warning signs - too busy playing woke politics and pushing woke agendas .. as senior management gave themselves bonuses - just before the second-biggest bank failure – ever..
George Carlin - It’s a big club and you ain’t in it.
One bit of advice for meta employees that survive this round of layoffs:
Stolen elections have consequences.
And that’s a great thing.
Not only fewer liberal ideologues to censor & spout lies but the potential of cracks developing in the indoctrination of those made redundant and those fearing layoffs as reality bites. Waiting for Joe to fix the pain will get old very fast.
they will immediately go to the IRS and fill the 85K jobs
They are funding the Government with college educated leftist people who will be armed by the IRS and will hurt the citizens.
This is very dangerous
What generated profit for Meta aside from FB-related ad revenue? I have no idea.
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FB was never a profit source, it was an information vacuum for the feds and internationals and they paid handsomely.
The quicker it disappears the better
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