Heard from a D1 at Facebook that Facebook will layoff ~12% of its staff. He stated that slowing growth and declining users especially in core Facebook platform is accelerating. Will be announced mid June, hang in there!
Heard the same. My friend said Meta over-hired despite slowing growth. Will trim the fat going into summer. Newly hired people offers will get revoked
Fam we r fukt if true
Lies If true though, you’re about to see a lot more layoffs to follow…
Tomorrow’s earnings would give a peek into the future.
Wouldn’t they just move them to other parts of company?
D1 knowing about % cuts in the entire company is total BS
My puts are up 70% so far
D1 is Director?