re: WSJ: Tech Layoffs Just Keep Coming - Microsoft, Snap, Zoom, Google, Amazon, eBay, etc.

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Can confirm that my plumber earns a shite load

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I bet he does.

From March 2023:

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Meta shares are up 60% year to date, reaching $186 Tuesday morning, in one of its biggest spikes in shares in recent months.

The boost in shares follows reports in multiple outlets that Meta is planning a new round of job cuts that could affect thousands of employees, according to sources familiar with the matter (Meta did not immediately respond to a Forbes inquiry for details on the cuts).

The company’s headcount reduction would mark its latest step to cut costs, following a major round of layoffs in November—CEO Mark Zuckerberg called 2023 the company’s “year of efficiency” in an earnings statement last month and said the company would “be more proactive” on “cutting projects that aren’t performing or may no longer be crucial.”

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Increased profitability. These tech companies are so bloated with useless positions, axing them is a great thing.

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Yet...they want us to believe there were +353k jobs created in Jan...my arse!!!!

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That’s all government jobs. Financed by your tax dollars and mine. As well as government borrowing that causes inflation and has to be paid back with more taxes later.

Of course these government jobs don’t increase productivity. They take away from it with more red tape and bureaucratic bullshite making it harder for the doers in our country to produce.

It went up because they are declaring a dividend for the first time in their history and are cutting costs (by laying people off and ending dumb inefficient projects). There's also the potential for a stock split which doesn't increase the valuation of the company but psychologically makes people think the stock is more affordable, even though its not.