Facebook parent Meta laying off more than 11,000 workers
It's Meta's biggest round of layoffs in its history.
www.axios.com
Due to a downturn in the economy? Oh well, you get what you vote for.
META (Facebook) Laying Off 11k Employees
- Thread starter 2012Bearcat
- Start date
www.axios.com
Due to a downturn in the economy? Oh well, you get what you vote for.
My son works there and gave me the blow by blow this morning. He made the cut but it was a stressful 3 hours for him.
Just the beginning IMO. With interest rates as high as they are and many businesses set up to run on low rates makes for a bad situation.
Most of these social media companies net worth is based on perceived value. They really don't have that much in tangible assets.
When they have run their course and people move on to the new flashy object they will be history.
When they have run their course and people move on to the new flashy object they will be history.
Lol. Their business model has been broken for a good while. They'd be laying off regardless of macro factors.Facebook parent Meta laying off more than 11,000 workers
It's Meta's biggest round of layoffs in its history.
Due to a downturn in the economy? Oh well, you get what you vote for.
