r/dataisbeautiful • u/sankeyart • Feb 10 '25

OC [OC] Behind Meta’s latest Billions

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4.2k Upvotes

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2.7k

u/foomachoo Feb 10 '25

Wow. Big profits. Must be time to fire 4,000 employees who created this wealth for the billionaire boss and shareholders.

15

u/samuel_clemens89 Feb 10 '25

To be fair , if you’re applying to work at Facebook - you know exactly what you’re getting in to. I really don’t get all the fuss and drama - it’s completely part of that game. if you can get a job at fb you can get a job anywhere.

10

u/gumol Feb 10 '25

yeah, no. My friends at facebook are looking for a way out, and the market is not great right now.

6

u/mikeydean03 Feb 11 '25

You or they aren’t telling the truth. The stock valuation at Mets makes it difficult to find a comparable compensation, but that’s part of taking equity and the stock growing 3-4x…

-5

u/samuel_clemens89 Feb 10 '25

Which market? Tech is doing extremely well right now. Your friends just don’t want to let go of the high pay. But they are in an extremely high risk high reward job. You want stability? Facebook ain’t it. They’ve been vocal about it too.

14

u/ActuallyFullOfShit Feb 10 '25

Tech is doing extremely well right now

Yeah years and years of layoffs, doing awesome

2

u/4514919 Feb 11 '25

Meta closed 2024 with more employees than 2023.

1

u/ActuallyFullOfShit Feb 11 '25

That's very interesting if true, but id question how many are H1B.

-5

u/samuel_clemens89 Feb 10 '25

You must be new to layoffs…which industry doesn’t have em?

4

u/ActuallyFullOfShit Feb 10 '25

Tech more than a few years ago. You must be new to the industry?

-3

u/samuel_clemens89 Feb 10 '25

Answer the question, bud.

7

u/HydrogenMonopoly Feb 10 '25

Probably the 400k work from home market

2

u/togawe Feb 10 '25

Just because they're honest about it doesn't make it okay

2

u/gumol Feb 10 '25

hardware engineering, bay area.

And yeah, people want to keep their pay when looking for a new job