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Cisco announces record revenue and 4,000 layoffs in the same day
(arstechnica.com)
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this post was submitted on 16 May 2026
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With Meta it very much looks like overhiring. What are those 8000 workers even doing, designing CSS for each individual ad on Facebook?
This blows my mind when I try to think about it. And this is only 10% of a supposed 80,000 globally. Facebook owns a bunch of companies though so I’m assuming they’re being counted too. Instagram, WhatsApp, Oculus, etc
Implementing additional forms of wankery in the "Metaverse".