Meta lays off 11,000 people

Re:Meta lays off 11,000 people by roflyear on Wednesday November 09, 2022 @09:23AM (#33531978)

Homie this isn't a fuck up. It's what shareholders want and it is awful.

These 11k employees are not a threat to facebooks existence. Not even close. If that was the case FB stock would be tanking.

FB is pulling in record profits. They just are getting a little nervous and they are laying people off. It is ridiculous.

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Re:Meta lays off 11,000 people by falcolas on Wednesday November 09, 2022 @10:03AM (#33532551)

I don't necessarily disagree with you, and we will see FB's stock bumping back up again now that Zuck's make the "hard decision" to lay off employees.

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Re:Meta lays off 11,000 people by roflyear on Wednesday November 09, 2022 @12:45PM (#33535179)

Yeah. Up 7%! when the SPY is down 1%. Wild.

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Re:Meta lays off 11,000 people by disgruntledphd2 on Wednesday November 09, 2022 @01:09PM (#33535570)

To be fair, up till this point, Metas PE ratio was half that of Google.

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