Meta plans thousands more layoffs as soon as this week
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Re: Meta plans thousands more layoffs as soon as this week
#2Looks like they are making reactionary cuts to what may not be a good Q1.....
Re: Meta plans thousands more layoffs as soon as this week
#3Re: Meta plans thousands more layoffs as soon as this week
#4Looks like they are making reactionary cuts to what may not be a good Q1.....
When will they acknowledge that the Metaverse sucks and that Zuckerberg needs to go?
Re: Meta plans thousands more layoffs as soon as this week
#5Looks like they are making reactionary cuts to what may not be a good Q1.....
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Re: Meta plans thousands more layoffs as soon as this week
#6Looks like they are making reactionary cuts to what may not be a good Q1.....
The beatings will continue until morale improves.
Re: Meta plans thousands more layoffs as soon as this week
#7Looks like they are making reactionary cuts to what may not be a good Q1.....
When will they acknowledge that the Metaverse sucks and that Zuckerberg needs to go?
This is how it's acknowledged. A company does not communicate mistakes directly because that would reduce shareholder value.
Re: Meta plans thousands more layoffs as soon as this week
#8I suspect Meta has some efficiency problems. Recipe:
1. Start with a hose that shoots out money.
2. Hire a shitload of engineers, really fast.
I'm not surprised that Meta is going through another round of layoffs. The amount of engineering effort that Meta has been spending each year is just off the charts. In that kind of environment, it's easy to lose track of whether you're doing something useful.
Re: Meta plans thousands more layoffs as soon as this week
#9Wall Street rewarded Meta with a massive jump in share price (+15% in one day) when Zuck stated on an earnings call that he was all now about efficiency (and therefore a tacit admission that he won't just throw the entire company off the VR cliff into the abyss).
Zuck probably thinks more of the same will buy additional good will from Wall St.
Re: Meta plans thousands more layoffs as soon as this week
#10Earlier quoted context omitted.
When will they acknowledge that the Metaverse sucks and that Zuckerberg needs to go?
This is how it's acknowledged. A company does not communicate mistakes directly because that would reduce shareholder value.
It looks like they don't acknowledge mistakes at all.