Meta's ‘Efficiency’ Layoffs Take a Toll on Employee Productivity
bloomberg.com
bloomberg.com
"This is going to be difficult for all of us" (This is going to be more difficult for you than for me. For me this really isn't going to be that difficult. I want you to think we're in the same boat, but you're just kinda clinging to the liferaft in shark-infested waters watching my luxury superyacht sail away over the horizon while I sip margs on the deck and wipe a tear away from my eye for the webcam.)
"We're going to need to learn to do more with less" (but mostly you'll need to learn to do more and you who'll be getting less. I already learned that I don't really need to do much of anything to keep my job and can throw billions on the metaverse dumpsterfire without consequence. Good to have this little chat.)
The stock prices are a bit too arbitrary in the near term for any real insights.