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A comment on Meta announces 5% cuts in preparation for 'intense year'. Parent comment

Re:Meta announces 5% cuts in preparation for 'intense year' by drillsteps5 on Tuesday January 14, 2025 @02:04PM (#42702123)
I'm confused. The article specifically states that Meta cut 25% of its workforce since 2022 (that's not counting the 5% that are being reported). What overhiring?
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Re:Meta announces 5% cuts in preparation for 'intense year' by NBJack on Tuesday January 14, 2025 @11:40PM (#42707381)
Have you looked at their numbers on and before 2022? They very much over-hired a crazy amount. Zuckerberg admitted as such through his statements on "over investing".

https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-mes...

And if that wasn't enough: https://www.itpro.com/business/business-strategy/mark-zucker...

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Re:Meta announces 5% cuts in preparation for 'intense year' by Redoubts on Wednesday January 15, 2025 @10:57AM (#42712470)
A lot of companies doubled in size due to the Covid surge, for questionable strategic reasons
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