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dunkmaster | 3 years ago

Even Zuckerberg acknowledges that it is about money in the linked article:

"Fundamentally, we’re making all these changes for two reasons: our revenue outlook is lower than we expected at the beginning of this year, and we want to make sure we’re operating efficiently across both Family of Apps and Reality Labs. "

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mathverse|3 years ago

It is about trimming the fat mainly. Meta is still absolutely a money printing machine.

Gene_Parmesan|3 years ago

In fact, this is one of those truisms about the "down" side of the classical business cycle - that recessions partly function as an excuse to cut inefficiencies. How accurate this truism is, I don't know.

groos|3 years ago

"trimming the fat" - this is such an unfortunate phrase. In evolutionary terms, fat is what let species survive lean periods.