5min chapter

This Week in Startups cover image

Meta cuts 11K employees, Binance/FTX fallout + Homeward CEO Dr. Jenny Schneider | E1608

This Week in Startups

CHAPTER

Is There a Salary Cut?

The next piece is going to be massive austerity measures. Facebook, Google and Microsoft are cutting every expense in this business. The top folks get hit harder at the bottom folks that are yada yada. I see no sign of Zuck taking medicine here; he's just resetting salaries.

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