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Re:Meta lays off 11,000 people by conductr on Wednesday November 09, 2022 @03:51PM (#33537654)
I live in a oil rich area and there's a large economy of well paid folks attached to it. They all understand it's boom and bust. They get paid really well when it's booming. Then they take the L when it's busting. All to say, I think people need to come to terms with the fact they weren't being paid well due to their sheer brilliance but due to the risk they assumed by joining a boom and bust industry. Nobody was lured into a job at FB under unfair circumstances and I'm sure they're not exiting on unfair circumstances. Does it suck to be in a cyclical bust period, does it hurt worse that it's in large part self inflicted by Zuck. Of course, of course.
Re:Meta lays off 11,000 people by pishpash on Wednesday November 09, 2022 @04:29PM (#33538142)
On some level it's not even Zuck's fault. It's Jerome Powell's. It's however up to each individual to plan for what comes after knowing 2020-2021 was an epic bubble.