EppsNet Archive: Disney

Unemployment Numbers Don’t Make Sense

 

From a Daily Wire newsletter: Tech giant Meta is laying off 13 percent of its workforce across all of its companies: Facebook, Instagram, and WhatsApp, etc. That amounts to around 11,000 jobs — the biggest tech layoff of the year. That’s an especially high number when you remember that since its founding 18 years ago, Facebook has never had to cut back its workforce. Meta CEO Mark Zuckerberg appeared to address the layoffs in a leaked video Wednesday afternoon, saying, “I want to say up front that I take full responsibility for this decision…It was one of the hardest calls I’ve had to make in the 18 years of running the company.” And… the company has signaled investors to expect further bad news in the fourth quarter. This comes after Meta announced a second straight quarter of declining revenue in October. Everywhere you look, big tech is struggling. Last week,… Read more →