<story><title>Meta delays setting team budgets as Facebook parent plans fresh round of layoffs</title><url>https://www.reuters.com/technology/meta-delays-setting-team-budgets-facebook-parent-plans-fresh-round-layoffs-ft-2023-02-11/</url></story><parent_chain></parent_chain><comment><author>iamflimflam1</author><text>We always used to joke that layoffs always come in threes.&lt;p&gt;The first one never cuts deep enough. People do the bare minimum.&lt;p&gt;The second one comes when everyone realises that the business actually is in trouble and does need saving.&lt;p&gt;The third one is needed as the business has been so badly damaged by the layoffs and is now bleeding cash.</text></comment>
<story><title>Meta delays setting team budgets as Facebook parent plans fresh round of layoffs</title><url>https://www.reuters.com/technology/meta-delays-setting-team-budgets-facebook-parent-plans-fresh-round-layoffs-ft-2023-02-11/</url></story><parent_chain></parent_chain><comment><author>_trackno5</author><text>Not too surprising more lay offs are coming.&lt;p&gt;I joined Facebook in 2017 and they had around 40k people (left in 2020). By 2022 they had 80k.&lt;p&gt;I met with my first manager (he’s a director now) at FB a few weeks after the lay offs were announced and even he was totally puzzled as to why Meta hired so many people. In his own words, he couldn’t see what all those extra people were doing.&lt;p&gt;I do wonder if that number of employees is just inflated due to Meta acquiring a bunch of companies (VR)</text></comment>