This Week in Startups Meta cuts 11K employees, Binance/FTX fallout + Homeward CEO Dr. Jenny Schneider | E1608
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Nov 10, 2022 Jenny Schneider, CEO of Homeward Health, leads the charge in transforming rural healthcare access. She shares her journey in establishing a company that delivers essential services to underserved areas. The discussion highlights the critical disparities in rural healthcare and the innovative strategies being implemented, including mobile units and new payment models. Additionally, the hosts dive into Meta's significant layoffs and the ongoing fallout from the Binance and FTX crisis, weaving a narrative about resilience in the tech landscape.
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Zuckerberg's Motivation
- Meta's stock dip below $100 likely triggered Zuckerberg's decision to reduce expenses.
- Employee net worth concerns and maintaining team enthusiasm also played a part.
Austerity Measures
- Prepare for further austerity measures following tech layoffs, including cuts to perks and travel policies.
- Companies must become leaner by scrutinizing expenses and increasing efficiency.
Potential Salary Cuts
- Salary cuts may be the next step if cost-cutting measures don't improve the situation.
- This is a last resort, but it's a way for struggling tech companies to reset operating costs.