This Wednesday is a particularly difficult hump day for those who fell victim to Meta CEO Mark Zuckerberg’s overestimation of the e-commerce boom and how many people would care for the metaverse. And it’s not because the in-office coffee is bad or meal-prepping leftovers has gotten tired; instead layoffs are continuing, according to a memo viewed by Bloomberg. Telling managers to brace for announcements today, Zuckerberg’s memo said Facebook, WhatsApp, Instagram, and Reality Labs will be in the firing line.
Meta is far from the only company in Silicon Valley to issue mass layoffs during the past year, but as each CEO takes a turn at letting go of workers, they’ve all found their own grooves. In vogue is the remote layoff, though some leaders like Elon Musk will send an email late at night, and others like Zuckerberg will hold a stilted Zoom meeting. Either way, even if executives think these layoffs make them look badass, they largely just end up ineffective when it comes to the costs supposedly saved, workplace experts say.
