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A comment on Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta. Parent comment

Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by crazygringo on Wednesday April 12, 2023 @02:22PM (#35544366)
> Of course they can't accept that.

Companies accept that all the time. It's far more profitable to slash investment and turn something into a cash cow over the next 10-15 years than bet the farm and lose. It's actually in shareholders' interest -- which is why so many shareholders have been upset about the VR pivot.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by rurp on Wednesday April 12, 2023 @06:08PM (#35547710)
Right, cutting R&D spend and upping dividends or buybacks is a totally normal thing that companies do all the time. It's just not nearly as sexy as changing the world or whatever Zuck says he's doing.

He was only able to pursue his metaverse vision because he has shareholder control, and given the change in stock price it looks like increasing numbers of investors are no longer interested in a company he has total control over.

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