Meta reportedly suspends all hiring, warns staff of possible layoffs

If they were smart, they'd do layoffs like NOW. The closer to Thanksgiving and Christmas, the more droopy sob stories there will be going viral creating headaches for the leadership. Either swing the machete NOW or wait till after new year.

This is only the beginning. SWE will deliver pizza to get by when the crash gets going.

meta flew to close to the sun and got burned

Vr is the death of the Meta journey

Are they going to cut back on this Metaverse diversion to make it through the recession?

This is the definition of a recession - lack of growth. So hold on to your butts everyone.

Metaverse will be the hill that Zuck dies on. He is too arrogant to lose face over this after renaming the company and going all in. Investors don’t like losing $10B per year on a bet which gives away product at or below cost. Even if the millions of quest units create an installed base they will go obsolete, or wear out, after a few years and Meta will have to give away more product at a loss to replace them. Free SAAS for ads is one thing but free HW is unsustainable. If he raises the price sales will plummet ensuring metaverse remains niche. Zuck and Putin seem to have a lot in common right now. Can’t move forward but too late for an off ramp. Unlike Putin Zuck doesn’t have a literal nuclear option other than to toss bodies overboard. Meta employees will the ones that pay the price for Zuck’s hubris.

Oh no I was hoping to use meta to bargain my google offer 😭😭