Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don’t show up 3 days a week::Meta, formerly known as Facebook, told employees that its new RTO policy would be enforced by management.

  • @GenericUsername34@lemmy.world
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    211 months ago

    They lost ~$10b in net income in Q4 '22 and Q1 '23 so definitely a company in some level of distress, but Q2 saw them ~$7.5b in the black.

    • @stigmata@lemmy.world
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      111 months ago

      What? They make billions in profit every quarter and have been for a long time. Meta isn’t anywhere near being in trouble.