The recent Meta announcement about came as no surprise to the Badger. Why? Because with Meta’s share price down by more than 60% over the last year and its metaverse ambitions a potential money pit, the Badger’s felt for a long time that the rubber would hit the road and some corrective action would be necessary. No business is immune to market, consumer, business performance, and investor realities. When a corporation takes corrective action there’s normally some downsizing of the workforce involved, and many loyal, long-serving, hardworking employees suddenly find themselves exited as quickly as the law in a particular country allows. Meta’s redundancies are a reminder that job security in any commercial organisation is wafer thin.
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