Re:Meta reportedly plans more job cuts
by givemeethekeys on Tuesday February 14, 2023 @02:23AM
(#34786464)
Stock goes up when costs are reduced. If there's a major outage due to structural weakness (as a result of layoffs), then the stock crashes down.
[ Parent
| on HN ]
Board members who are at the whims of the holders of their stonks will ebb and flow with the wishes of those who need more ROI during an oncoming recession. Another way to put it: a lot more people will be laid off and that will continue until the underlying product is harmed. But what is the underlying product? Besides sharing photos on Instagram, I don't personally hear or know about any mass adoption of Meta wares.
Is WhatsApp not on your list of mass adoption?
Re:Meta reportedly plans more job cuts
by HDThoreaun on Tuesday February 14, 2023 @10:51AM
(#34791080)
Mark is the board, he can do whatever he wants.