As Meta laid off 10% of the company Wednesday, CEO Mark Zuckerberg addressed the tech giant’s reorganization in a memo to employees.
  • Jhex@lemmy.worldEnglish
    15·
    16 days ago

    I think it’s still a shameful fact about our society that a garbage company like Meta, which produces nothing of actual value and is deepeinto shitty practices, could be valuable at all, let alone be a tech giant

    • one_old_coder@piefed.socialEnglish
      3·
      16 days ago

      Same here. I never had a Facebook account but all I know is that the 3 billion (3 fucking billion users!) use it to talk to their family (instead of using a phone), watch pretty pictures, and read fake news. What’s the fucking point?

  • zelahdieliekeis@piefed.blahaj.zoneEnglish
    5·
    16 days ago

    In April, Meta explained some of the calculus behind its shifting financials, noting that it was increasing 2026 capital expenditures to between $125 billion and $145 billion.

    Personnel costs are a rounding error compared to this shit. If they spend $125B instead of $145B and spent the savings on the 8,000 they just fired, they’d each make $2.5 million.