I feel sorry for everyone who is affected. Unfortunately, I think the cuts were inevitable because profitability has fallen to a two-year low. I am interested in your opinion, will the company be able to return soon to being as profitable as it was two years ago and what will still need to be done in order to achieve this?
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FB is still very profitable would continue to be very profitable if they didn't have layoffs. At the same time they didn't need to hire so many people. I remember when I interviewed in NYC many years ago, and they told me they had 800 people in marketing/sales just in that location, which I couldn't understand. Never mind the endless engineers they haze in the interview, who at the end of the day just create APIs.
FB peaked many years ago and is going downhill. No one under 40 uses it.
yes
M Z resigning will right the ship .
no
The metaverse is a concept that MZ has followed down the rabbit ho-e. The time is not ripe for it to come to fruition and it might be best if he works on pulling a rabbit out of his hat and stay away from tilting at windmills and falling down rabbit holes.
M Z resigning will right the ship . FB peaked many years ago and is going downhill. No one under 40 uses it.
With the obscene wealth Zuckerberg has accumulated means, these layoffs are completely frivolous. One billion is a thousand millions. Think about it. The cost of having 11,000 employees furloughed represents less than pocket money for Zuckerberg. This action is purely driven by his shameless greed. People ought to rebel.