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Meta plans to lay off 10% of its workforce in May, according to report (www.nbcbayarea.com)
submitted 6 months ago by to c/technology@lemmy.world
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[–] 48 points 6 months ago* (6 children)

Yet somehow, Facebook still managed to transfer an eye watering $50bn to capitalists in 2025 through dividends and buybacks. That is the equivalent of $633,639/employee. Tech workers need to unionize!

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  • [–] 9 points 6 months ago (5 children)

    It's kind of sad in hindsight. I remember around 8-10 years ago or so a conversation about unionization amongst programmers came up and almost universally the response was "lol why would I ever unionize? Just hop companies."

    Welp.

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  • [–] 5 points 6 months ago (2 children)

    It was always stupid do dismiss unions.

    The software engineering was in a stupid bubble just waiting to be popped.

    But no one cared, since they got paid so much.

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  • [–] 2 points 6 months ago* (last edited 6 months ago)

    Tech workers are labor aristocracy, so collaboration with capitalists is rampant. Even here on Lemmy, in the tech comms you will find a higher than average rate of capitalist apologism.

    But as the market adjusts they will be exploited just like the rest of workforce. This was already the case with some sectors, like videogames, which were more exploited than others. When there is a hefty supply of workers and a stable 5% unemployed, ready to accept any conditions, those $200k+ incomes will be a distant memory.

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