Meta did 11k layoffs a few months back which got their headcount back to Jan”22 HC. Market has only gotten worse since. Will Meta be doing another round soon?
Round 2 is 1/2 severance of round 1. Round 3 is 1/2 of round 2.
Sound like a good LC question to ask at a Meta phone screen. “Tell us the severance for the Nth layoff”
Severance_0 * 1/2 ^ n… not even a LC easy
Yes because revenues may decrease even more in 2023
I think the next round of “layoffs” may come through the current psc, with mandatory quotas for low ratings
Quota is actually lower because the laid off folks count for the bottom rankings.
I was expecting this too, but I also am hearing that PSCs won’t be too brutal this time around. That plus a slow uptick in chatter about hiring again is pretty surprising for me since I have been expecting there to be a second round. So I really don’t know what to think anymore.
1. Market (Spy, SPX, Spyder, or whatever you track) has improved since the last layoffs. 2. Meta layoffs were not directly related to market performance.
Your 2nd point is very, very wrong.
It was a signal to shareholders