For all of you going through layoffs from FB/Meta, you will find something else and Meta will be in your rearview mirror❤. I recognize my issue is small potatoes in comparison. Since October someone has been hacking my FB account and I was able... —  read more 

The world’s largest tech companies are promising across the board to spend less, new territory for an industry that thrives on perks. Already last year, Facebook parent Meta Platforms Inc. shut down its laundry service for staff, and in January of... —  read more 

Supposedly, layoffs were necessary. Supposedly, we needed to save money. Supposedly, there was no other way to do it. Now we're hearing that Meta announced a huge stock buyback. Apparently, there is money for that. Apparently, that money could not... —  read more 

Mark Zuckerberg told investors on Wednesday that 2023 will be the "year of efficiency." Meta laid off over 11,000 employees last year, and there are signs more layoffs could be coming. Meta's latest earnings report beat expectations, sending... —  read more 

It went like this, middle managers and directors recently promoted (within the past 2 years), likely joined FB about 5 years ago...at the time when the stock price was around $150 - $160, and started to accumulate RSU's as the stock went up. Now... —  read more 

Get ready to witness the org chart flattening exercise that he has mandated to happen. Raising eyebrows and looking smart won't save those managers and directors that have mastered the art of "parroting" messages from their superiors. Only this... —  read more 

“Controlling labor costs via periodic layoffs is like breathing for Silicon Valley: cyclical, necessary for life,” Malcolm Harris, author of the forthcoming book “Palo Alto: A History of California, Capitalism and the World,” told me. The layoffs... —  read more 

Pretty obvious that earnings are going to s*ck. Stock will crater again as a result. Musical chairs song being teed up along with the chopping block and hatchet. And yet so much silence from FB employees - denial of the morbid reality sure is strong. —  read more 

Exhibit 4 - META - Cost Cutting Initiatives Date Action Dec-22 Stopped Planned $342 Million Data Center Expansion in Denmark Dec-22 Ends Ride Perk for Workers Dec-22 Looks to Sublease 310k SF London Office Dec-22 Seeks to Reduce Bay Area Office... —  read more 

Looks like middle management, ahem ahem, cough, cough, …….. directors, you should be polishing those resumes

https://finance.yahoo.com/news/chipotle-to-hire-15000-workers-ahead-of-burrito-season-151719079.html Chipotle hiring. great opportunity for google employees who were recently laid off........ it's only about a 72% pay cut, but given your experience... —  read more 

...and a huge liability....

Amazon laid off 18,000 employees after increasing its employee count in the last three years by 100 percent. Facebook grew the number of employees by 94 percent in that period and laid off 11,000. Google laid off 12,000 after growing its workforce by... —  read more 

Post Feb 1. stay tuned.

https://www.sfchronicle.com/tech/article/Why-Meta-is-laying-off-11-000-workers-today-and-17571340.php

Meta listed a massive 435,000 square feet, all of its office space, at SF's 181 Fremont Street for sublease. Just by itself, the listing adds half a percentage point to SF's office vacancy rate, which was already a record high 27.6% at end of 2022... —  read more 

If you’d like to learn more about the WARN Act and whether your employer is complying with this Federal and State law, please review these articles. Please copy this info to your desktop and share this information with your co-workers WARN Act... —  read more 

E.g., is it just going to su-k bad, or is it going to su-k really, really, REALLY bad?

Happy 2023.

https://twitter.com/gergelyorosz/status/1612565777407938560

https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/commentisfree/2023/jan/02/america-social-recession-less-friends-s-x-mental-health

2 quarters from now.

It's only a matter of time before Meta joins in once again.

https://www.theguardian.com/commentisfree/2023/jan/02/america-social-recession-less-friends-s-x-mental-health And will the consequences of the Metaverse be on humanity?

I say we're headed for the $50-$60 range by the end of 2023 if things continue the way they have been in 2022. That will mean a lot of layoffs because they have to make up for the lost money somehow, right? Meta is going down the drain and nobody... —  read more 

Meta Platform Inc (NASDAQ: META) and Alphabet Inc (NASDAQ: GOOG) are losing their dominance to Amazon.com Inc (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT) and Apple Inc (NASDAQ: AAPL). According to Insider Intelligence, this will be the... —  read more 

Now go find a new job! 🖤 MZ

Mark Zuckerberg Year in review: The one-time boy genius isn’t looking like such a wunderkind these days. In late 2021, Mark Zuckerberg announced Facebook wasn’t dystopian enough for him: the company was changing its name to Meta and running... —  read more 

Still, I'm willing to stay and milk this cow until there's nothing left to milk. I have more than enough savings not to fear losing my job suddenly, so why not take excellent pay and keep decent benefits for a while longer instead of rushing out like... —  read more 

"Tech companies in particular rely heavily on foreign workers, primarily from India and China, to perform specialized roles in fields like engineering, biotechnology and computer science, requiring work visas to hire them. In 2022, Amazon received... —  read more 

I am reading that splitting Meta in two pieces is in the making. One company would be the Metaverse cr-p and other -everything else. Any news on that, is it seriously considered?

https://www.businessinsider.com/pink-slip-parties-could-make-a-comeback-historic-tech-layoffs-2022-12 Anyways, the parties started as a way for laid-off workers to commiserate and meet with others in the same position, as well as potential new... —  read more 

With Meta, there's just an endless supply of dystopian ideas to steal from. What do you see? Brave New World? 1984? Twilight Zone? West World? The Matrix? Farmville? Grand Theft Auto? Wall-e? Call of Duty?

https://www.youtube.com/watch?v=dRl8EIhrQjQ

https://www.cbsnews.com/sanfrancisco/news/intel-grows-beyond-silicon-valley-housing-crunch/ https://www.economist.com/business/2022/12/15/tech-lay-offs-are-the-latest-blow-to-office-landlords

The Right is hitting hard against Meta, and after all they did to get Trump elected...It's like they have already forgotten Cambridge Analytics and all the Russian trolls that Facebook enabled. ... —  read more 

https://www.cnbc.com/2022/12/13/laid-off-tech-workers-are-being-wooed-by-the-federal-government.html

Remember the pitch when you joined? Work hard, bring value, exploit those opportunities to improve and eventually folks will promote you...and likely lay you off as a target is on your back as you are now more expensive (just read some testimonials... —  read more 

"We live in an economic system that is unsustainable, unjust, and exploitative. While many of us in academia and the thought industry have known this for decades, those with greater wisdom have known for centuries. Techies and disrupters think it can... —  read more 

Stanford Graduate School of Business Professor Jeffrey Pfeffer explains layoffs in the tech sector: Do you think layoffs in tech are some indication of a tech bubble bursting or the company preparing for a recession? Could there be a tech... —  read more