this post was submitted on 17 Oct 2024
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Gotta get creative with your layoffs when you already did massive layoffs but still need to please wall street.

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Exactly. I lost my job during COVID and fortunately the unemployment office found that my "contract position" was actually an illegal "full-time position" and I qualified for benefits. But the benefits were a fraction of my regular salary, even with the increased COVID-era unemployment benefits. It was enough to live on (I was already frugal), but I was certainly motivated to find new work.

I was "fired" because "my job had been eliminated." Had I been fired for misconduct, I wouldn't have gotten any unemployment benefits.

Meta is doing it this way to cut workforce without having to pay severance or unemployment, not because they really care about that $25.