merdaverse@lemmy.ziptoTechnology@lemmy.world•Meta plans to lay off 10% of its workforce in May, according to reportEnglish
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20 hours agoOf course it is:


Alt account: https://lemmy.world/u/merdaverse
Of course it is:


There was this site making the rounds a few years ago and it still seems updated: https://layoffs.fyi/
Yet somehow, Facebook still managed to transfer an eye watering $50bn to capitalists in 2025 through dividends and buybacks. That is the equivalent of $633,639/employee. Tech workers need to unionize!
Tech workers are labor aristocracy, so collaboration with capitalists is rampant. Even here on Lemmy, in the tech comms you will find a higher than average rate of capitalist apologism.
But as the market adjusts they will be exploited just like the rest of workforce. This was already the case with some sectors, like videogames, which were more exploited than others. When there is a hefty supply of workers and a stable 5% unemployed, ready to accept any conditions, those $200k+ incomes will be a distant memory.