Alex Heath

Meta is planning another round of layoffs, I can unfortunately confirm. Leadership has been coy both internally and externally about what is coming, but I’m told that the current plan is to announce more cuts in March after last year’s performance bonuses are paid out. Given what I’ve heard about plans to cut certain orgs by double-digit percentages, I wouldn’t be surprised if the total number is somewhere in the ballpark of the last layoff, which was about 11,000 people or 13 percent of the company.

This would be a totally new source of revenue for Snap, which needs to find more ways to make money if it wants to win back skeptical investors.

Also in this edition: anonymous commentary from an ex-Googler on why the company’s startup incubator failed, and what that says about the new era Big Tech is entering.