alt Hacker NewsGiven facebook/Zuckerberg’s history it’s tough to give them the benefit of the doubt. From day one it’s been ruthless, harmful ambitions and business practices. It is a bad company that does bad things.
They also burn capital at insane rates on projects nobody wants then fire everybody involved (see: the metaverse, the very reason they rebranded to that dumb name)
I can pretty much agree with everything you said in the first line
but for the second, I guess I don't consider that terrible? they make risky bets, pay people tons and tons of money to try them, then if it doesn't work out they shut down the projects and let the people go? that feels like every startup except the employees actually get compensated. if that's driving the extra layoffs, it's hard to feel too bad for people who have probably been paid millions already