Post
Topic
Board Economics
Re: Meta fires 11k employees - Effect of economy or being bullish about metaverse?
by
jostorres
on 13/11/2022, 16:23:10 UTC
Although companies need fresh blood, how many families are there with so many people unemployed? (really a pity)
Now that the recession has emerged, many unnamed companies have also resorted to laying off workers and replacing humans with machines.
Meta is indeed a huge gamble this time around, and the stakes are bigger than ever. But at least he showed it on the bright side.
What do you mean by fresh blood? New employees? But, if I am the company owner, I will just retain my old employees because they already have the experience and I am already familiar with them while it's also good if we will give chance to other people to earn and work with us.

Maybe we can just pick the employees who don't do their duties well and they are the ones we will be replaced. Not all things can possibly be done by a robot so indeed that it is big gamble for mark in the event his plans of replacing humans with robots fail but if this becomes a success then he can also save a lot of expenses. What if meta have been planning this before and they only use the recession as an excuse to start it? Hmm..