Meta fires 11,000 employees, blames the weak ad market and economy
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- Anonymous
- vGY
- 09 Nov 2022
They messed up Facebook long ago
- T
- Trooper
- mE0
- 09 Nov 2022
What would one expect when you base a huge corporation's income on such a unsustainable, pushy and universally disliked way of making money ?...
- S
- Semper
- Luc
- 09 Nov 2022
META (values in millions)
NET INCOME:
LTM: 28,832
2021: 39,370
2020: 29,146
NET CASH:
2019: 9,155
2020: (1325) (negative)
2021: (1089)
LTM: 447
I think they made bad decisions or some error in management, not a blame to the economy because numbers are no so bad...
- A
- Anonymous
- qnE
- 09 Nov 2022
Yes, this is what I would like to see.
- p
- pt020
- ncr
- 09 Nov 2022
By firing those people you hurt the economy even more.
- N
- Nikojas
- GXs
- 09 Nov 2022
The amount of ads and the increase from 3 or 4 years ago is crazy. It's all ads and sponsored posts. If they can't make enough money on it they are doomed. Sad face , not really.
- ?
- Anonymous
- qGv
- 09 Nov 2022
Anonymous, 09 Nov 2022Well layoffs, especially towards the end of the year, is on... moreThis. Businesses are still a business, and there to make a profit esepecially this one. One can label reason after reason or excuse after excuse but in the end those are the symptoms or growing pains for the purpose they are headed for. Shame either way.
- O
- Olympus Oms
- 8pQ
- 09 Nov 2022
cyber, 09 Nov 2022mark schuld fire and the rest,so those pathetic facebook lo... moreGood thing you have gsma to share your problems. Huh? xD
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- Anonymous
- 58Z
- 09 Nov 2022
Anonymous, 09 Nov 2022Reminds me of local banks that "had " to shut dow... moreWell layoffs, especially towards the end of the year, is one classic way to balance the books and look more profitable for shareholders, it's pure capitalism by definition.
- ?
- Anonymous
- X}d
- 09 Nov 2022
finally the trashbook and meta face the issue of data privacy and consumers of the platform have understood how advertisements steal their privacy
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- Anonymous
- rN7
- 09 Nov 2022
Translation. Us rich people created inflation and due to this imaginary inflation that doesn't effect anyone except maybe small town businesses we needed to hold profits with an iron grip so we need to pay less employees so we can keep making more money.
- D
- AnonD-731363
- SH3
- 09 Nov 2022
I wonder why he blaim his workers and why he is not taking responsibility on him self.
He should fire him self and leave his chair for someone more competent.
Bet if project cambria fail he will sack another thousdants just because his investments goes wrong and his fault will be translated as fault of people working on project Cambria.
- ?
- Anonymous
- fCC
- 09 Nov 2022
Do people even use fb anymore
- ?
- Anonymous
- YUU
- 09 Nov 2022
Yeah right. Weak market 🙄 more like Meta stock market dropped than weak market.
- c
- cyber
- S2D
- 09 Nov 2022
mark schuld fire and the rest,so those pathetic facebook lovers will let me rest from their problems
- D
- AnonD-1066415
- ps9
- 09 Nov 2022
Mark is "especially sorry". Lol.
Insert Woody Harrelson money gif.
- ?
- Anonymous
- Jj7
- 09 Nov 2022
All uselesses appendages like those women in tiktok and their "my day as a worker in tech" will be affected. Anyone of any real value to the company, the people that actually run things, will remain.
- A
- Angry boy1234
- fCC
- 09 Nov 2022
What is Facebook ? Anybody know how to use it ?