Mark zuck just fired 11k Facebook/Mta workers

King Poetic

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Young People like :sadcam::damn: I actually have to pick up the phone and call people now , like they did in the 90s..

Other people like:dahell::beli: so no more online personalities where I’m a CEO, BOSS making power moves , now back to reality of telling people I’m cashier at Walgreens and a mechanic in my yard
 

richaveli83

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Young People like :sadcam::damn: I actually have to pick up the phone and call people now , like they did in the 90s..

Other people like:dahell::beli: so no more online personalities where I’m a CEO, BOSS making power moves , now back to reality of telling people I’m cashier at Walgreens and a mechanic in my yard
:mjlol:
 

Vandelay

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It's wild to know that Facebook has at least 11k employees, because if you've ever had to contact them about an issue there are no humans. You go in a circle of links. What the hell did these people do all day?
Crazier thing is they have well over 11k employees. Google search says they have 50k.

Posted this a few weeks ago...
A lot of companies at the top have a lot of bloat.

FB stock will come down to size eventually and it will start to right size.
 

Umoja

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Fire people to save cost because you are spending a shyt ton on a shytty ass “metaverse” that no one gives a shyt about, zrehs..,
It is a catch 22 scenario.

I think a lot of these companies were overvalued. In order to justify the value, they needed to meet high targets for growth which results in dicey investments.

It is clear to investors that the growth targets won't be met so the value of the shares drop. They're now in a position where they need to cut their losses.

Can't say that I feel sorry for any of the employees. They've had enough time to see that the writing was on the wall and feather their nest.
 
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