Meta will layoff 11,000 employees

[Graybeard]

There are always consequences --employees pay the price for the Zuck Follies Shit-Show

Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees -- an estimated 13% of its workforce -- and will also be taking “a number of additional steps to become a leaner and more efficient company.”
In a message shared with Meta employees on Wednesday morning, Zuckerberg said he was making "some of the most difficult changes we’ve made in Meta’s history."
"We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1," Zuckerberg said.

Mark Zuckerberg announces Meta will layoff 11,000 employees

Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees -- an estimated 13% of its workforce.

abcnews.go.com

just now

Now that's cold --real cold

 

[T J Tutor]

Did you see Bezos drop in value? 1 trillion! They Are all tanking and it has to be partially to over inflated valuations to begin with (IMO).

 

[Graybeard]

Yeah I saw that ...
Stock market is rallying up today lower than expected CPI inflation report (US)
I off loaded ING Bank in NL at a 19% profit in 6.5 months and took a compensating long term loss on a DCA on JHG in the UK.
Next rally I will off-load more tax losses --most asset classes suck right now.

Money in liquid money market accounts is paying 3.1 % right now --You lose it slower