https://www.wsj.com/articles/meta-is-preparing-to-notify-employees-of-large-scale-layoffs-this-week-11667767794 Meta Platforms Inc. META 4.94% is planning to begin large-scale layoffs this week, according to people familiar with the matter, in... — read more
Is Meta aware of Linden Lab's Second Life?
You can spend Linden dollars in Second Life. Why do we need two of these?
9AM PST
Working hours just started. Any more layoff info?
Has anything happened so far?
I know Mondays are not usually days for layoffs, but considering that we're talking about cuts of thousands of people, I wouldn't be surprised if the management decided to start early. Please let us know if you hear about any cuts taking place today... — read more
Why does Meta need 80k+ employees?
WhatsApp owned by Meta needs only about 1K to run. So, why does Meta need 80k+? I fail to understand.
Which day is the layoff exactly?
Which day or days are people going to get laid off exactly? The article said starting Wed but does anyone have any concreate information? Only reply if you have real factual information.
Deep Recession in all sectors coming soon
Listen to Nouriel Roubini https://www.bloomberg.com/news/videos/2022-10-25/nouriel-roubini-on-economic-threats-dollar-and-fed-video
It is coming! At least 10%!!
https://www.wsj.com/articles/meta-is-preparing-to-notify-employees-of-large-scale-layoffs-this-week-11667767794 "The Wall Street Journal reported in September that Meta was planning to cut expenses by at least 10% in the coming months, in part... — read more
Protect shareholders
https://corpgov.law.harvard.edu/2022/11/04/lawsuit-against-meta-invokes-modern-portfolio-theory-to-protect-diversified-shareholders/
Doesn't look good for the sector...
Maybe user are just tired with all the BS? https://www.profgalloway.com/elephants-in-the-room/
Anyone here from Reality Labs?
What are you guys doing out there?
No wonder investors want layoffs
because of people like this. absolutely disgusting and makes those of us who work hard look terrible. especially when mark is saying we have to do more with... — read more
People dislike this company more and more
I used to be proud to work here, but not anymore. Is anyone still happy to be working here? I don't think that many do.
Latest talk is that layoffs start next week
Is there any way to confirm this?
Meta's future?
Perhaps there is someone who is optimistic that things will get better, but I don't see my future here. In fact, I can't even imagine what this will look like in a few years, but I don't think the future of the company is bright.
How will salary rewards look like next year?
How will salary rewards look like next year?
Going under in an honest way
At least META is not cooking its books and unlike entities like ENRON is going under in an honest way. Indeed, if they were cooking their books there would have been cover up which would delay that 800 billion in stock loss in the last year.
Trim the fat
I agree, the company urgently needs to trim the fat. However, what if those who need to be cut somehow survive and instead they end up cutting the skilled and hard working employees that this place needs to get back on track?
Any update on new hiring
Does meta continue hiring and extend offers?
Another company with $650k+ for senior Manager UX Research?
The group director was trying to impress us why we should be grateful to be here. The pay seems industry average for women - as we are underpaid. Is a government job the only option to get the best package?
Meta stock
Guys why stock keep going down?
Latest Guess on when the axe falls?
My guess: next Friday. If it were this Friday it would impact the midterm elections negatively.
Meta researchers are on the chopping block
All of the leaks from Meta Research has did those people in. Much of their work is useless and some of it just doesn't apply to the Metaverse. The cuts will be quiet and deep. Very deep.
Bold
The hysteria around Meta earnings report has been really fascinating to watch. Starting most recently with the activist letter telling Meta to give up on the Metaverse. The market hates innovation - until its successful, then loves it. Meta making... — read more
Get a lawyer lined up
Don't rush to put your John Footpenis on any separation paperwork. Get it reviewed.
Meta Could Face Serious Layoffs Within Months: Report
According to Business Insider, Meta managers are warning teams that layoffs won’t spare even the highest performers. “Zuck’s message was loud and clear: You have three months to prove your worth, put in 200 percent effort, or you can resign now if... — read more
5K
Fire the whole recruitment org? They're 5000+ people warming seats while the company is on hiring freeze for the foreseeable future.
30% Cut, Incoming
We all know the PM who’s making TikToks at work and the company is full of people like that. Low stock price won’t let us burn billions into Reality Labs. If the leadership wants to continue investing into AR/VR then they need to trim the fat right... — read more
Layoffs
How big the lay-off will be?
Can't sleep
It is early Friday. Is today gonna be the day?
Is it possible to get 0 p raise and stocks next year?
Is it possible to get 0 p raise and stocks next year? Any rumors?
"Winter is coming in the tech world," said one analyst. - Mass Layoffs
The days of endless employee perks at Big Tech, like free laundry and private concerts, are coming to an end. Workers now fear layoffs after tech companies that hired thousands of workers with high pay face a slowing economy. "Winter is coming in... — read more
This is too much for employees
As of next week I won't be a Meta employee. I will have other employment. I urge everyone to bail out of this inevitable shipwreck.
Meta's value has plunged by $700 billion. Wall Street calls it a "train wreck."
This is one of the all time EPIC flameouts in US history. When are heads going to start to roll? https://www.cbsnews.com/news/meta-stock-down-earnings-700-billion-in-lost-value/
Modern-Day MySpace
At least Tom Anderson had the sense to cash out at the top.
OMG - Meta plunges to $100/share. ANOTHER 25% drop in just the last day!!
You can practically feel the vice tightening on F*ckerberg. The POS really deserves this and I can't help but wonder if cuts will end up being way more drastic than anyone imagined. The desperation is palpable. Hard to imagine anything short of a... — read more
It’s Official: Meta Is a Disaster
Excellent synopsis of the train-wreck formally knows as Facebook. https://nymag.com/intelligencer/2022/10/meta-earnings-company-formerly-known-as-facebook-is-a-mess.html
Investor calls for 20% headcount reduction and radical spending cuts on metaverse spending..
...are looking more plausible by the minute. Cuts are going to be deep, Deep, DEEP! Hatchet time!
Meta will take another dump on investors today...
...with the "earnings" announcement. Stock already cratered over 5%. Where's the bottom?
Earnings nightmare?
How bad are Meta earnings going to su*k?