Meta to lay off 10,000 more workers after initial cuts in November

[Lionfish]

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.
The company laid off more than 11,000 employees in November.
The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”

Translated; Get woke, go broke

 

[AProudLefty]

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.
The company laid off more than 11,000 employees in November.
The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”

Translated; Get woke, go broke

Translated: I can't see.

Cope.

 

[floridafan]

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.
The company laid off more than 11,000 employees in November.
The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”

Translated; Get woke, go broke

An awesome move for shareholders. Something you wouldn't understand.

 

[cawacko]

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.
The company laid off more than 11,000 employees in November.
The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”

Translated; Get woke, go broke

This has nothing to do with wokeness. There are very real issues with the excesses of wokeness, but just labeling any and everything woke does nothing to help with that.

Meta, like a number of other big tech firms, over hired during the post COVID reopening of the economy. And now with rising interest rates etc. they are laying off a number of workers.

 

[ExpressLane]

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.
The company laid off more than 11,000 employees in November.
The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”

Translated; Get woke, go broke

Good.

 

[ExpressLane]

This has nothing to do with wokeness. There are very real issues with the excesses of wokeness, but just labeling any and everything woke does nothing to help with that.

Meta, like a number of other big tech firms, over hired during the post COVID reopening of the economy. And now with rising interest rates etc. they are laying off a number of workers.

When your wokeness pisses off a significant part of your customers it is bad for business.

 

[cawacko]

When your wokeness pisses off a significant part of your customers it is bad for business.

While true, that's not really the case here. Meta didn't out of the blue change their business model in 2022/2023 and go woke. They've been who they have been for a long time.

(Big) tech firms were in a battle for talent and afraid to lay off workers during the pandemic. In fact many of them kept hiring. Zero interest rates etc. don't last for ever and now they are having to cut back. Business is cyclical and this is a part of it.

 

[Yakuda]

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.
The company laid off more than 11,000 employees in November.
The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”

Translated; Get woke, go broke

Good. Lets hope the whole fucking thing goes belly up