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Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don't show up 3 days a week (www.businessinsider.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] stigmata@lemmy.world 11 points 1 year ago

"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.

[-] GenericUsername34@lemmy.world 4 points 1 year ago

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.

[-] stigmata@lemmy.world 2 points 1 year ago

What? They make billions in profit every quarter and have been for a long time. Meta isn't anywhere near being in trouble.

[-] kabobbl@lemmy.cafe 1 points 1 year ago

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.

[-] books@lemmy.world 1 points 1 year ago

Sorry should have been more clear. Facebook is tanking. Obviously meta as an org is fine.

this post was submitted on 18 Aug 2023

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