Meta employees report low morale as company prepares to lay off 8,000 workers despite $26.8B quarterly profit
By
Dave Smith
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
Meta is reportedly preparing to lay off approximately 8,000 workers (10% of its global workforce) on May 20, creating a grim and unhappy environment among employees. The layoffs come despite Meta reporting massive Q1 profits of $26.8 billion and planning to spend $145 billion on AI this year. Employees describe low morale, uncertainty, and frustration with leadership decisions, particularly as the company prioritizes AI investments and the metaverse while cutting jobs.
Key quotes
· 2 pulled'Everyone is unhappy'
'It's a rough time to be working at Facebook, Instagram, or one of Meta's many other properties'
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