Re:Meta lays off 11,000 people
by shafyy on Wednesday November 09, 2022 @07:07AM
(#33530380)
I just don't buy that they naively thought that everything would keep growing like it did during the pandemic once the pandemic was over. It seems like a welcome excuse.
[ Parent
| on HN ]
They thought it would be a paradigm shift and didn’t want to be caught out and dinosaured.
For them that risk was much greater.
In other words, they took the very real risk of needing to fire almost all people they hired during the pandemic again knowingly, because God forbid they missed that percent of growth of they didn't.
The survival risk isn't the percent of growth, it's missing something entirely (which could still happen, of course).
They all sound silly in retrospect but FB has to worry about things like "everyone starts using Zoom because of the pandemic and Zoom adds Chat and Ads and Facebook dies".