Meta laying off another 10,000 employees

The Hill ^ | 03/14/2023 | JULIA MUELLER

[tomkat]

This news is worth a repost:

             
(aka my morning dose of schadenfreude)

[Vaduz]

Check

[Sequoyah101]

Not so terrifying as ridiculous. Tech is fat. Time for a trim. It has always amazed how out of control a company can get when times are good. Just think of how profitable they would be if they managed well all the time.

[Churchillspirit]

Quite....what do all these people do?

[T.B. Yoits]

Not a surprise. Company sells advertisers fake hits based on fake viewers, gets caught, and has to lay off staff due to decreased add revenue.

https://techxplore.com/news/2021-03-facebook-accused-money-ads-fake.html

"Facebook, which in 2019 paid advertisers a $40 million settlement over inflated video-viewing metrics and is fighting a lawsuit over its "reach" to users, is now taking flak over its revelation this week that it took down 1.3 billion fake accounts during just three months last year."

[McCarthysGhost]

Maybe they can all go to work in the pretend world of Metaverse.

[Valpal1]

Facebook is losing user views faster than it can shed employees.

I still use FB for the local marketplace, but my feed is boring and mostly advertising. None of my friends post anything meaningful anymore. Why bother if nobody sees your posts because you’ve been throttled.

[Karma_Sherab]

What do you call Meta laying off 10,000?


A good start

[MeganC]

Probably 10,000 pointless positions anyway. Upside is more unskilled workers for restaurants and WalMart.

[Berosus]

I wonder how many of those laid off were fact checkers?

[minnesota_bound]

Facebook is for old people, like my parents....
https://youtu.be/Uo0KjdDJr1c?t=13

[minnesota_bound]

#25 Google does the same kind of fraud as did Twitter.
Fake from number of users (stock fraud) to number of viewers (more fraud).