Thread regarding Meta / Facebook layoffs

If anybody ever tells you that layoffs were about cost savings, call them a liar

Meta spent billions to close offices and lay people off. Now we know why.
https://www.businessinsider.com/meta-layoffs-office-closures-stock-price-mark-zuckerberg-earnings-2024-2
Meta is paying first-ever dividend, authorizes $50 billion buyback
https://www.cnbc.com/2024/02/01/meta-is-paying-first-ever-dividend-authorizes-50-billion-buyback.html

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