Meta also announced a $40B stock buy back this week. These excuses about needing to save costs reek of bullshit.
https://www.cnbc.com/amp/2023/02/01/facebook-parent-meta-ann...
https://www.cnbc.com/amp/2023/02/01/facebook-parent-meta-ann...
The idea that irks the Marxist in me is that middle managers might sometimes be exempt from layoffs due to their class. No idea if that happens, though.