Re:Meta lays off 11,000 people
by paxys on Wednesday November 09, 2022 @04:22PM
(#33538026)
Zuck is doing first ever mass layoffs for a company he started from his dorm room 18 years ago and grew to a ~trillion dollar valuation.
Musk is following the standard playbook of private equity takeover + gutting the company to squeeze out remaining profits and then sell for parts. There is no question of even a bit of emotion involved from his side.
Musk is following the standard playbook of private equity takeover + gutting the company to squeeze out remaining profits and then sell for parts. There is no question of even a bit of emotion involved from his side.