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Metaphorical

(2,357 posts)
2. It's all falling apart
Fri Aug 18, 2023, 07:14 PM
Aug 2023

Meta overcut when everyone was trimming last year, and in many cases are now struggling with skeleton crews and very limited retention and recruiting, especially in (largely female-populated) support roles. The aborted cage match between Zuckerberg and Musk didn't help matters much.

The reality they're facing now is that they can make noises, but really can't do much about cutting additional staff. They also have too many facilities in VERY expensive markets (San Jose and Seattle, especially) and too many people that moved into more distant housing who are doing the math and coming to the realization that staying with Meta is a non-starter.

It's also likely that as the labor market tightens again the substandard wages that Meta has been paying are simply no longer competitive. It's likely that Meta may end up going into a tailspin as several bad executive decisions all finally catch up with them. They'll recover, eventually, but I think Zuckerberg may be asked to retire before that happens.

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