I can't find it again but I read a few days ago a slightly different variant of this story, maybe before the layoffs, in which Zuck/Chan were reported to be summoning CZI executives and asking them what they are actually doing all day and what their projects are. From the quotes in the report it sounded like the foundation was very lightly managed by them, and they suddenly noticed that it was full of projects that were actually maybe useless. Apparently the layoffs indicate they didn't see a way to cancel all those projects whilst staying on good enough terms with the people running them, which makes sense.

They just finished constructing a brand new office building in Redwood City - with big glass windows, fitness center, all the bells and whistles.

It’s been almost entirely empty. I know it’s empty because those big glass windows stare directly into my living room.

I believe CZI also leases a lot of space in the other shiny new(ish) office building in downtown RWC.

Regardless of employee productivity they’re spending a lot on real estate at least.

Zuckerberg bucks are unlimited..

> 16 weeks of base pay, a prorated 2023 bonus, continued health insurance and a $10,000 stipend to assist with transitional needs.

Fairly generous.

Definitely a better deal than I got in my own layoff last fall.