Meta is to lay off 20% of Its staff shocker

Because they over hired and want to spend the money on data centres for AI of course.

At this point the only way anyone should join Meta is with a healthy signing-on bonus and large salary. I wouldn’t be looking at any stock options or promises that could be lost with redundancy or exit (particularly on UK employment laws)

I do not know what is the right number of staff to run Meta’s operations but, whatever it is, there has to be a better way of figuring it out than by luring tens of thousands of people to work for you with promises of a huge salary and benefits, then upending their lives some time later. They have rent or a mortgage; they might have a family depending on their income; their ability to remain in a country may depend on their having a job. Perhaps it could be beneficial for staff to bargain with their company in a more collective manner.

»Nick Hear →