this post was submitted on 16 May 2026
109 points (99.1% liked)

Business

2079 readers
173 users here now

A place to share business news and insights.


Rules


  1. Follow lemmy.world rules
  2. Only post content related to business
  3. Do not use this community to promote your business

founded 2 years ago
MODERATORS
top 15 comments
sorted by: hot top controversial new old
[–] Dojan@pawb.social 7 points 16 hours ago

If you choose to work for Hitler...

[–] Jax@sh.itjust.works 21 points 21 hours ago* (last edited 21 hours ago) (1 children)

I could give a fuck less if everyone at Meta is unhappy — those same fucks have been helping the billion dollar right wing news media conglomerate win.

I'll care about Meta employees when one of them puts a bullet in Zuck. Otherwise they can all fuck off to the deepest part of Satan's asshole.

[–] rf_@lemmy.world 13 points 19 hours ago

At this point in the story, we’re seeing people lose their jobs to AI not because it can replace them, but because companies want to spend more money on AI.

[–] HubertManne@piefed.social 1 points 11 hours ago

weren't there just article about meta going down and now its best quarter ever.

[–] floofloof@lemmy.ca 17 points 21 hours ago* (last edited 21 hours ago) (1 children)

Compare Cisco:

In a blog post yesterday, Robbins was quick to boast that Cisco’s fiscal Q3 2026 earnings saw revenue increase 12 percent year-over-year to $15.8 billion. He told employees that he and the rest of Cisco’s executive leadership team “could not be prouder of the growth you have all delivered for Cisco.”

But that pride could apparently not save the company’s successful employees from unemployment.

“We are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base,” he wrote.

Cisco announces record revenue and 4,000 layoffs in the same day

[–] TheMadCodger@piefed.social 2 points 16 hours ago

LINE MUST GO UP! – Capitalism

[–] Bloomcole@lemmy.world 6 points 17 hours ago

What's next, feeling sorry for Palantir employees?

[–] Zachariah@lemmy.world 4 points 21 hours ago
[–] Triumph@fedia.io 3 points 21 hours ago

Not defending them at all, but revenue is not profit.