Re:Meta Is Said to Plan Thousands More Layoffs as Soon as Th...
by 411111111111111 on Tuesday March 07, 2023 @04:57AM
(#35053538)
You're right that multiple rounds of layoffs is terrible from a employee morale PoV. From a business PoV its however not quiet as clear cut as you make it seem.
Doing a single round is incredibly hard if management decides to downsize the company significantly as they're not expecting any growth anymore. Its just more manageable to do it in multiple rounds until you're left at the desired employee count.
And all the naysayers around here, memeing about the Meta-Pivot: I hope you're aware that 2022 was an extremely profitable year for facebook/meta.
The markets massively overreacted from that announcement and Metas Stock mostly recovered its original drop.
Its future doesn't look rosy for sure, but ya'll massively overstating the significance of the Meta rebrand.
Doing a single round is incredibly hard if management decides to downsize the company significantly as they're not expecting any growth anymore. Its just more manageable to do it in multiple rounds until you're left at the desired employee count.
And all the naysayers around here, memeing about the Meta-Pivot: I hope you're aware that 2022 was an extremely profitable year for facebook/meta. The markets massively overreacted from that announcement and Metas Stock mostly recovered its original drop. Its future doesn't look rosy for sure, but ya'll massively overstating the significance of the Meta rebrand.