Not just Twitter - losing people

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Meta - Facebook's parent company is not doing that well these days.
From The Wall Street Journal:

Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.

The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.

Zuckerberg's fascination with alt.reality is costing the company big bucks.  If I were a substantial shareholder...  Maybe spin the AR side off to something that can sink or swim by itself and focus on the core competency.  Apple is doing this (core competency) and their stock prices show the results - they are worth more as a single corporation than all of Google (Alphabet), Amazon and Meta combined. What does META actually do???

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This page contains a single entry by DaveH published on November 6, 2022 5:07 PM.

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