You must be thinking of a different for com bubble, like OG was like 1995 to 2002. 2002 including the bubble bursting. Gems include the amazing sale of broadcast.com to Yahoo for $5 billion! Like 10k per user of broadcast.com! In 2002 even companies like Cisco lost well over half their stock value and a ton of online seller website disappeared.
Granted my company is much, much smaller but they have leaned into work from home. They didn’t renew the office lease on our larger space and instead just moved to a small we work space for a few folks that like to work in the office. The CEO actually loves it because it saves the company a ton in rent/leasing.
But Meta is probably just trying to triage folks without having to pay severance or unemployment.
Not to be a downer but what is Ukraine’s casualties at? I’m sure this rate of loss of Russian young men is going to kneecap population levels there but I can only imagine how screwed Ukraine’s will be as well.