Big tech strikes again!
While it seemed that the tech giants may coast on endlessly on countless billions and virtually no scrutiny of their remarkably dangerous practices, it appears that both economic and social realities have sent the giants crashing back down to earth.
From Musk’s procurement of Twitter to a number of big firms laying off thousands of employees, even the most far left of far left tech zealots have learned that they too are infallible.
And, sure enough, none other than Zuckerberg has realized that even the once-indomitable Facebook has a limit.
Which is why he has just laid off well over 10 percent of his workforce.
In a letter to employees, Zuckerberg detailed “some of the most difficult changes” the company has had to undertake.
“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1,” Zuckerberg intoned.
That’s one way to put snowflakes in their place.
Especially since they are largely responsible for one of the most damaging censorship efforts in history.
After all, odds are high that the 11,000+ employees were just fine with cancelling conservatives, so they shouldn’t be terribly surprised to be cancelled themselves once they became economically irrelevant to Zuckerberg.
Which was the essential message of Zuckerberg’s letter.
“In this new environment, we need to become more capital. We’ve cut costs across our business, including scaling back budgets, reducing perks, and shrinking our real estate footprint. We’re restructuring teams to increase our efficiency. But these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go,” Zuckerberg continued.
Not much of a “hard decision” when most of the 11,000+ likely make six figures for becoming professional censors and/or whiners.
Clearly, such “restructuring” was vital if Facebook is to have a prayer over Beijing-backed TikTok, which Biden humorously permits to flourish. Wonder why …
“I view layoffs as a last resort, so we decided to rein in other sources of cost before letting teammates go. Overall, this will add up to a meaningful cultural shift in how we operate. For example, as we shrink our real estate footprint, we’re transitioning to desk sharing for people who already spend most of their time outside the office. We’ll roll out more cost-cutting changes like this in the coming months,” Zuckerberg added.
Translation: Employees who demanded to work from home will likely be able to work from home indefinitely, albeit without Facebook’s lavish perks.
Numerous employees were likely irrelevant in the first place, as coolly observed by Altimeter Capital Management CEO Brad Gerstner.
“It is a poorly kept secret in Silicon Valley that companies ranging from Google to Meta to Twitter to Uber could achieve similar levels of revenue with far fewer people. I would take it a step further and argue that these incredible companies would run even better and more efficiently without the layers and lethargy that comes with this extreme rate of employee expansion,” Gerstner declared.
“Layers of lethargy.” That’s one way of putting it.
Facebook, after all, has profited richly from an overly elevated stock price, one that has not only come crashing back down to earth as a result of intractable macroeconomic factors, but also due to a fanatical devotion to leftism, a devotion that undoubtedly led numerous Facebook users to seek social media engagement elsewhere.
Perhaps Zuckerberg has finally gotten a massive wakeup call about the dangers of intermixing business with politics, especially considering the acute role his company played in one of the most dangerous censorship campaigns in history.
Ironically, had Trump triumphed in 2020, TikTok would have been banned and Facebook would have flourished more than it is now.
However, by backing Biden, Zuckerberg clearly bet on the wrong horse … a horse that has resulted in his personal fortune deteriorating by at least 50 percent under the pro-China Democrat regime.
Author: Jane Jones