under its new owner, billionaire Elon Musk. There have been numerous job cuts at other tech companies that hired rapidly during the pandemic.
Meta shares have tumbled more than 70% this year, compared with 32% for the tech-heavy Nasdaq Composite index. As of late October, Meta had lost roughly Last week, Twitter laid off about half of its 7,500 employees, part of a chaotic overhaul as Musk took the helm. He tweeted that there was no choice but to cut the jobs"when the company is losing over $4M/day," though did not provide details about the losses.
Source: News Formal (newsformal.com)
Letter to employees: Thank you for helping us rig the election. Now we gotta let you go so we can make profits. Me: Bwahahah
When one guy is the cause of 11k people's jobs and just says, 'oops'. We have a problem.
Where’s the left-wing freak out? Zuckerberg is FIRING almost SIX TIMES as many employees as Twitter!
America,it’s going to get much worse. this nation is travelling down the highway to destruction. Is there any moral direction in America.
The Facebook bubble has finally burst. No suprise to anyone under 40. It was inevitable
Good! Fb is censoring boredom, like cbs does
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