No guys the meta layoffs are not insane. What was insane was their rapid pace of hiring. Not remotely a hot take

likesmart
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What’s really insane is that they thought a virtual world with Wii character level graphics was gonna take off

likefunny

At least Mark Zuckerberg’s email was much nicer than Elon Musk’s.

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Facebook is the GE of the tech industry.

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Rapid pace of hiring was evident on other companies too (Amazon, big 4s ,etc). This is more of improper assessment of demand vs need.

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Zuck was in the hot water because of Facebook leaks and questionable policies

He decided to rebrand the whole firm and invest massively on horizon. Now it may still pay off in the long run. But he got carried away

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Lost billions but still wants to be the ‘be the change you want to see’ guy..

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They got a huge severance package. So not too bad.

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I heard 4 months severance package

Yup about a year ago they had that huge brand problem where nobody wanted to work with them because the brand was poison to resumes…so they went ham hiring and overpaying

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