this post was submitted on 18 Aug 2023
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Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don't show up 3 days a week (www.businessinsider.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don't show up 3 days a week::Meta, formerly known as Facebook, told employees that its new RTO policy would be enforced by management.

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[โ€“] GenericUsername34@lemmy.world 4 points 2 years ago (1 children)

They lost ~$10b in net income in Q4 '22 and Q1 '23 so definitely a company in some level of distress, but Q2 saw them ~$7.5b in the black.

[โ€“] stigmata@lemmy.world 1 points 2 years ago

What? They make billions in profit every quarter and have been for a long time. Meta isn't anywhere near being in trouble.