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A comment on Meta lays off 11,000 people. Parent comment

Re:Meta lays off 11,000 people by falcolas on Wednesday November 09, 2022 @11:14AM (#33533703)
Only if your goal is short-term profits, and not long term sustainability.
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Re:Meta lays off 11,000 people by eru on Wednesday November 09, 2022 @08:51PM (#33541116)
Stock prices are the market's estimate of the company's long running prospects.

Management has a fiduciary duty to shareholders. Stock price isn't everything, but it's still prima facie evidence of what shareholders want.

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