Meta's Profit Surge Masks Internal Collapse
Source: WIRED Daily
Meta has engineered a sharp financial turnaround through aggressive cost-cutting and AI monetization, but current employees describe pervasive unhappiness despite record earnings. The 10% layoff next week signals a structural shift toward a leaner operating model that prioritizes near-term margin expansion over talent retention and innovation velocity. For a platform business where network effects depend on constant content innovation and advertiser trust, this creates an opening for competitors willing to invest in culture and product depth.