When the metaverse failed to add users, Meta decided to subtract employees.
Educational_Yak5545 on
I imagine it’s similar to how other Big Tech companies want to slim down so they can be more agile as AI competition ramps up. But this also may be an indicator of how entering the AI race is sensitive endeavor considering the infrastructure requirements, energy requirements and unclear monetization models. This landscape is complicated further by the current geopolitical instability. A slimmer company with more cash flow is more likely to survive any turbulence.
zunjae on
Honestly though why would the metaverse project have so many employees?
Maleficent-Low-7485 on
zuck will absolutely frame this as an efficiency win on the next earnings call
BaesonTatum0 on
How are the CEOs of these companies making more and more money but yet keep having to “lay off” employees. The math isn’t mathing.
BrofessorFarnsworth on
All layoffs should force a mandatory firing of the c-suite, no exceptions
Okidokicoki on
I haven’t read it, but following trends from the ch companies, it’ll be because of AI.
Major_A21 on
The Jack Welch technique, taught at every MBA program.
Funny how there is 0 responsibility from Zuck for burning a trillion dollars in the Metaverse. Maybe one day we’ll have a new set of worker’s rights after companies call in the mercenaries.
KarlwithaKandnotaC on
Imagine getting booted so that the company can afford an AI version of the CEO. Interesting times
bordumb on
Meta is particularly weird with this stuff.
Zuck has a stranglehold on company shares.
The buck truly stops with him—not the board of directors.
So all of their failed bets, of which there are many very large ones, fall on him.
His metaverse venture burned tens of billions, all to be an abject failure.
Any sane person would say:
This company is large enough to run itself—it doesn’t matter whether Zuck is at the helm or not. Any other warm body would likely do a better job.
And the fact that he is behind those failures, one has to ask:
Why isn’t Zuck fired?
The answer comes back to his hold on majority of shares. So he doesn’t ever have to take any real responsibility.
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When the metaverse failed to add users, Meta decided to subtract employees.
I imagine it’s similar to how other Big Tech companies want to slim down so they can be more agile as AI competition ramps up. But this also may be an indicator of how entering the AI race is sensitive endeavor considering the infrastructure requirements, energy requirements and unclear monetization models. This landscape is complicated further by the current geopolitical instability. A slimmer company with more cash flow is more likely to survive any turbulence.
Honestly though why would the metaverse project have so many employees?
zuck will absolutely frame this as an efficiency win on the next earnings call
How are the CEOs of these companies making more and more money but yet keep having to “lay off” employees. The math isn’t mathing.
All layoffs should force a mandatory firing of the c-suite, no exceptions
I haven’t read it, but following trends from the ch companies, it’ll be because of AI.
The Jack Welch technique, taught at every MBA program.
Funny how there is 0 responsibility from Zuck for burning a trillion dollars in the Metaverse. Maybe one day we’ll have a new set of worker’s rights after companies call in the mercenaries.
Imagine getting booted so that the company can afford an AI version of the CEO. Interesting times
Meta is particularly weird with this stuff.
Zuck has a stranglehold on company shares.
The buck truly stops with him—not the board of directors.
So all of their failed bets, of which there are many very large ones, fall on him.
His metaverse venture burned tens of billions, all to be an abject failure.
Any sane person would say:
This company is large enough to run itself—it doesn’t matter whether Zuck is at the helm or not. Any other warm body would likely do a better job.
And the fact that he is behind those failures, one has to ask:
Why isn’t Zuck fired?
The answer comes back to his hold on majority of shares. So he doesn’t ever have to take any real responsibility.