News for hackers. Stuff that matters.
Re:Meta and Google are cutting staff by game_the0ry on Wednesday September 21, 2022 @08:20PM (#32933361)
> That said, as a shareholder, watching Google and FB's headcount soar over the last 5-10 years to stratospheric numbers, they have to have a point where they sit down and take a hard look at what everyone is doing and be realistic about whether the projects make sense.

As an employee, shareholders have to remember that sometimes stock prices go down, instead of hoping for cost cutting via layoffs.

Shareholders have had it good for a long time, especially during covid, with stock prices higher now then before the pandemic. Time to pay back karma.

Re:Meta and Google are cutting staff by kevstev on Wednesday September 21, 2022 @11:34PM (#32934527)
Agreed - stock price is irrelevant for the most part - it's the actual business and cash flows that are suffering and I think it's long past time there was some correction in the number of projects and people working on them.

Check my post history and you will see I wholly agree that stock price is an irrelevant metric.