Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don’t show up 3 days a week::Meta, formerly known as Facebook, told employees that its new RTO policy would be enforced by management.
Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don’t show up 3 days a week::Meta, formerly known as Facebook, told employees that its new RTO policy would be enforced by management.
Given how bad this company is tanking, I wouldn’t be surprised if this was deliberately done to cut payroll.
Absolutely, this return to office stuff has been an absolute gift for CEOs wanting to downsize, it’s the perfect fluffy PR way to turn the thumbscrews. Factor in the popular idea that you’re a slacker if you don’t work hard all the time and you basically have public support too.
I’m sure plenty of people will just suck it up and view the past few years as a very extended break from office nonsense and commuting hassle, but enough will jump ship to fill quotas
“How bad this company is tanking.”
Y’all are ridiculous. Meta isn’t anywhere near tanking. I don’t know why some of you parrots keep saying this.
They lost ~$10b in net income in Q4 '22 and Q1 '23 so definitely a company in some level of distress, but Q2 saw them ~$7.5b in the black.
What? They make billions in profit every quarter and have been for a long time. Meta isn’t anywhere near being in trouble.
Meta net income
Q4 2023: USD 4.652Bn.
Q1 2023: USD 5.709Bn.
Q2 2023: USD 7.788Bn.
Q4 2022: Facebook monthly active users (MAUs) – MAUs were 2.96 billion as of December 31, 2022, an increase of 2% year-over-year.
Q1 2023: Facebook monthly active users (MAUs) – MAUs were 2.99 billion as of March 31, 2023, an increase of 2% year-over-year.
Q2 2023: Facebook monthly active users (MAUs) – MAUs were 3.03 billion as of June 30, 2023, an increase of 3% year-over-year.
User stigmata is correct and neither Meta nor Facebook are sinking, despite what we might want to believe.
Sorry should have been more clear. Facebook is tanking. Obviously meta as an org is fine.