Yeah, the #layoffs do #remind people of the #dotcom #crash - because it's essentially the same: https://www.washingtonpost.com/technolog.. Too much #fomo has been place in #bigtech , such as #crypto that has no #utility , #meta 's #vr which has no #users , the list goes on. We see #company #evaluations at exceptional values, and #money thrown around on #unicorns that most defintiely will never #payoff .
#meta / #facebook 's #layoffs are going to be 15% in the first round, mostly impacting #recruitment https://www.teamblind.com/post/Latest-Me.. Appaerntly we find out today or tomorrow.
#facebook / #meta is not feeling too good: https://www.bloomberg.com/news/articles/.. As the #article points out, the time of #faang #invincibility appears to be coming to a close. There have been massive #layoffs trying to save their #rearends , but it is unlikey to be enough.