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

Re:Meta lays off 11,000 people by roflyear on Wednesday November 09, 2022 @01:00PM (#33535422)
Mmm, I was looking at 2021 profit. Anyway, 16b a year is not a factor of 7 off from 30b.
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Re:Meta lays off 11,000 people by rajman187 on Wednesday November 09, 2022 @01:56PM (#33536229)
Yeah 2020-21 was wild. Revenue is not profit, though.
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Re:Meta lays off 11,000 people by RandomBK on Wednesday November 09, 2022 @02:23PM (#33536568)
7.4% of profit (2/27) versus 50% of profit (2/4) was the factor of ~7 parent was referring to.

Granted these are comparing annual cost versus quarterly figures, but the overall narrative still stands.

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