Thread regarding Meta / Facebook layoffs

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!

by
| 1261 views | | 4 replies (last October 27, 2022) | Reply
Post ID: @OP+1joRS46i

4 replies (most recent on top)

Here's an article on the 20% cuts and metaverse spending reduction request topic. The article also has a link to the open letter from one of FB's biggest investors, Brad Gerstner, who is the one calling for these drastic company changes.

https://www.barrons.com/articles/meta-stock-facebook-metaverse-investor-51666627957?mod=article_inline

by
| | Reply
Post ID: @1rkw+1joRS46i

Maybe if the stock reaches a fair value they could be acquired by Twitter?

by
| | Reply
Post ID: @1ybv+1joRS46i

It's about time at Fecesbook (Jobs's own words). Should be done right before Christmas as a nice present.

by
| | Reply
Post ID: @1wwh+1joRS46i

20% way too low

by
| | Reply
Post ID: @1jlw+1joRS46i

Post a reply

: