1) The author seems to think 2 rounds of layoffs have already been executed and now a third is coming, when actually the 2nd round of layoffs is still being executed.
2) The author mentions twice that the coming round of layoffs will affect engineering for the first time; this is not true -- thousands of eng were laid off in the first round.
3) The author mentions that the stock price has dropped 43% from its peak as evidence that Meta faces a precarious future. No mention that META has been one of the hottest tech stocks in 23Q1, gaining more than 75%.
I'm no Meta apologist, and this is really a "dog bites man" story anyway ("layoffs announced; morale bad") but I don't really trust this author's general reporting competence.
1) The author seems to think 2 rounds of layoffs have already been executed and now a third is coming, when actually the 2nd round of layoffs is still being executed. 2) The author mentions twice that the coming round of layoffs will affect engineering for the first time; this is not true -- thousands of eng were laid off in the first round. 3) The author mentions that the stock price has dropped 43% from its peak as evidence that Meta faces a precarious future. No mention that META has been one of the hottest tech stocks in 23Q1, gaining more than 75%.
I'm no Meta apologist, and this is really a "dog bites man" story anyway ("layoffs announced; morale bad") but I don't really trust this author's general reporting competence.