Zuck laid off ~22k ex-meta's and consistently increased Meta's revenue by double digits in the last few quarters. Stock price is taking ride to the moon. So getting rid of a quarter of the company not only did not hurt the company bottom line one bit, it actually improved it by a lot. Does that mean the contributions and value of those 22k employees were significantly negative?
During Covid They expanded orgs and teams ancross the board and grew headcount by hiring 20-30k more ppl. Those expansions were speculative and didn’t provide ROI
It's possible the 22k employees set up a bunch of opportunities for the current employees to cash in on, so maybe it's a lagging indicator
Well they hired people to do nothing and paid them $$$$
Meta rehired them with updated (due to inflation) money. Why do you call it a layoff? I would call it a "gift". Seriously Meta disturbed job market as they spread layoff atmosphere and just rehired laid off ppl, and now absorbing engineers who were laid off from other big companies.
Yeah, Meta rehired all the laid off people (22k). That's why the headcount increased by 2k since after the layoff? Where are they hiding the other 20k people they rehired? Data and facts are not difficult to find. But I guess people are stupid enough not to do that work before speaking non sense here.
Correlation <> causation
In this case, it's actually the cause.