Meta gave 6 executives options worth up to $921M each, then cut 8,000 jobs after a record $56.3B quarter
https://finance.yahoo.com/markets/stocks/articles/meta-gave-6-executives-options-worth-up-to-921m-each-then-cut-8000-jobs-after-a-record-563b-quarter-162000923.html
41 Comments
If the quarter had been any better, they might have had to fire 10,000.
Real “team effort” – nine-figure payouts for six people right before axing eight thousand others. It’s like, with all these new billions in the bank , it’s time to fire the people who made it happen.
Ad networks are pernicious capital.
sounds like it should be illegal but sadly is
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Industry wide display of bitterness that they have to pay other people at all, let alone well. The psychotic projections they try to pass off as inevitability about AI eating all jobs is just their fantasy. Their stated desires. I wish people would stop believing them.
And how much did they invest in AI? And how much of that is intended to help anyone but the shareholders?
Money is pointless. It means absolutely nothing. Once you reach a billion, you lose any and all ability to understand.
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Folks can’t seem drop their FB accounts.
Yall don’t get it. Those six execs are hilarious. Like they are just cool ass dudes you know. Like get this. Rog last week went to this little shitty family restraunt. Fucking trashed the place. Like broke every dish there. We were so trashed. But it’s chill because he left like $50k in cash so it covered it all. But the media just paints us as faceless execs. We’re actually chill ass bros.
Oh! It’s cause it’s an evil company
NOOOOO THE METAVERSE
Thank goodness Meta was able to get $8.03 billion as a one-time tax benefit tied to the One Big Beautiful Bill Act. How long until I notice the trickle down on that. Hopefully before I have to buy groceries again
Who cares? “it had quietly granted six senior executives stock packages that could be worth as much as $921 million each, if Meta becomes the most valuable company of all time. To do this, Meta would need to beat out Nvidia for that title. That being said, for now, those options pay nothing.”
Meta is never going to be the most valuable company of all time as long as zuck is killing it with his ridiculous bad decisions.
I wonder what’s causing the morale problems??
Anyway, 45 minute pizza party in the break room at noon.
Why do we tolerate this kind of social abuse?
Zucks insane gladiator mythos … to those who have no soul, no ethics or morals, no conscience… goes everything.
Someone get John Mellencamp in here, cause Ain’t That America.
Are these the wealthy “job creators” our leaders love so much?
Why would he waste that much money? Seems like he could get a similar result with less expensive executives.
Can’t see why morale is down /s
Sounds about right. On brand.
Eat the rich.
This is exactly what tax cuts for corporations are for, not creating more jobs, cutting jobs and feeding the few at the very top. Trickle down economics was always a scam.
OK, the headline should probably say “$921M each, IF META BECOMES THE BIGGEST COMPANY IN THE WORLD”
Fuck their bullshit layoffs and the idea that 6 people deserve billions vs the tens of thousands who actually made it happen, but this story is also pretty stupid
Corpo. Your misery is part of the deal for them.
Zuckerberg is an asshole, so what did you expect? He and Elon should get together and see if they can conceive the next Trump.
THEY. DO. NOT. GIVE. A. FUCK. ABOUT. YOU. keep that in mind. it’s all about profit and “constant corporate growth”
Milking the cow before it hopefully sooner than later drops like a stone. I feel sorry for all those who were sacked but also for those who feel forced to stay
The people who support this guy by using Facebook are enabling this.
It’s not happening. The stock has to go up for this and it’s heading down 40% over the last 2 years
Each exec’s bonus could be used to hire 4,600 workers paid $200k each.
The article is clickbait. The executives were given options to buy stock at the price the stock was worth at the day the options were issued. If the stock hits a hypothetical price the author pulled out of thin air, the exec that received the most options could exercise the options for a $922M profit.
over a hundred entire lifetimes worth of money for each middled aged individual who already could’ve retired decades before retirement age beforehand lol
By no means do I want to see people get laid off…but when you work for a company like Meta, you cannot really expect them to care about anyone.
This is so wrong and dystopian. Literally hoarding all the wealth that these workers are generating and then firing them.
You’re “family” until the executives want higher bonuses or they need to nudge EPS for the analysts. One of the handful of easily manipulated metrics to the street is….# of employees.
Companies making record profits, reducing quality of goods and services while not raising wages to even match inflation and now we’re seeing layoff after layoff.
This level of greed and disparity of income inequality is a mental illness and a societal risk.
I hope all of these companies get whats coming…
The takeaway in professional circles I’m in is that there are no metrics you can meet that are going to save your job.
If all these companies can keep having record years and quarters, but cut jobs anyway then you’re just pissing into the wind.
Things are going to come to a head sooner rather than later.
Why aren’t my workers motivated? I don’t understand it!!!!