Steve StrezaFeb 1, 2023
Facebook/Meta laid off 11,000 people and now is doing 40 BILLION in stock buybacks. None of these companies care about cost cutting, they saw an opportunity to suppress wages without any criticism and they took it. https://www.cnbc.com/2023/02/01/facebook-parent-meta-announces-40-billion-stock-buyback.html
Facebook-parent Meta announces $40 billion stock buyback

Meta added active users in the fourth quarter, but revenue growth still slowed, and the social networking company is emphasize its cash-generation powers.

CNBC
Show threadLaurent BaumannFeb 1, 2023
@stevestreza here I thought I couldn't hate this guy more.
Show threadSteve Streza
@Lobau never think that about billionaires, they'll often surprise you 😂
Feb 1, 2023 at 10:03pmWeb