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by wmf11 hours ago |
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upvoteby LambdaComplex8 hours ago|
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So what does it mean, concretely? What repercussions will he personally suffer?
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upvoteby yifanl8 hours ago|
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People will snark him 30% harder for a week.

I dunno what you expect, everyone wants to avoid the negative consequences of their actions, should we be surprised that the rich and powerful can actually do it?

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upvoteby jastuk3 hours ago|
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No one is surprised, but why shouldn't it be called out and ridiculed as fake accountability and moral theater.
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upvoteby ergocoder7 hours ago|
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If you hire a house cleaner, and the house cleaner doesn't do a good job, would you fire yourself from the house? What repercussions will you personally suffer?
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upvoteby NegativeK10 minutes ago|
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If I had a roommate who spent huge swaths of our monthly budget on house cleaning we didn't need, I might tell them to go find another place to live.

Or to stop stretching metaphors.. The investors should be mad that the layoffs were even necessary.

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upvoteby jastuk6 hours ago|
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Are you implying the 10% being fired are all bad workers? What if the house cleaner was not the problem here?
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upvoteby noisy_boy4 hours ago|
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It is irrelevant if the workers did a good job. They are at the service and discretion of the house. The house, i.e. the owner, always remains. Until everything burns down. In case of Meta, pipe-dream, one can only hope.
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upvoteby jastuk3 hours ago|
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[dead]
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upvoteby autaut10 hours ago|
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Is he going to pay the severances out of pocket? Is he going to personally help those employees get back on their feet? Is he going to make sure their families are ok? Is he stepping down?

What does it look like besides cheap talk from a cheap and clueless leader?

The guy is just another mediocrity who tripped into a huge pile of money and now it’s everyone’s problem while he acts as a giant baby.

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upvoteby mh22669 hours ago|
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I think you're more upset about this than the typical Meta employee. Judging by... vibes, the main reason they aren't taking volunteers for these layoffs is that they might get more than 10% champing at the bit to take the severance.

The 2022 RSUs at Meta have more than doubled since the grant price, and are mostly vested out now, ending Feb 2027, after which there will be a steep TC decline for people employed since 2022, especially those on an initial grant or with very good performance for that refresher. There are a good portion of people sitting on either FIRE or at least extended funemployment amounts of money that the severance is looking mighty tempting to.

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upvoteby autaut5 hours ago|
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>provide severance packages for those in the United States that include “16 weeks of base pay plus two weeks for every year of employment”

That is a standard package and no way a FIRE or at least extended funemployment if they have children or a mortgage.

But crazy level of sycophancy on your part

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upvoteby loeg9 hours ago|
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> Is he going to pay the severances out of pocket?

More or less? The vast majority of his personal net worth is tied up in FB stock.

As to the other questions -- the severance package is pretty generous.

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upvoteby autaut5 hours ago|
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He is not putting the shares down himself. He is just subject to price fluctuations like everyone else — so how is he taking personal responsibility for it?
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