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Re:Meta lays off 11,000 people by vanilla-almond on Wednesday November 09, 2022 @06:38AM (#33530127)
Shopify announced staff layoffs in July 2022. The Shopify CEO expressed the same sentiment repeated by Stripe and Facebook:

"...given what we saw, we placed another bet: We bet that the channel mix - the share of dollars that travel through ecommerce rather than physical retail - would permanently leap ahead by 5 or even 10 years."

"It’s now clear that bet didn’t pay off. What we see now is the mix reverting to roughly where pre-Covid data"

https://news.shopify.com/changes-to-shopifys-team

Re:Meta lays off 11,000 people by mabbo on Wednesday November 09, 2022 @09:17AM (#33531885)
Yeah seriously, I read the meta announcement and thought "Did you just steal Tobi's letter and do some find/replace on it?"
Re:Meta lays off 11,000 people by andromeduck on Wednesday November 09, 2022 @07:24PM (#33540360)
Something tells me there might be a confounding factor here...