Meta’s New Reality: Record High Profits. Record Low Morale - WIRED
The social media giant plans to cut about 10 percent of its workforce, or nearly 8,000 people, “to run the company more efficiently” and “offset the other investments” it’s making, according to a human resources leader. But the layoffs, which will add to the roughly 25,000 cuts Meta has announced over the past four years, are far from the only cause of rock-bottom morale.