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Meta slashes hiring plans, girds for 'fierce' headwinds

reuters.com

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Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#2
Interesting quote from CEO in an all hands directly to employees. I don't want to be at Meta right now..

.."turning up the heat" on performance management to weed out staffers unable to meet more aggressive goals.

"Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said. "Part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn't for you, and that self-selection is OK with me," he said.

Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#4

    Empty spaces, what are we living for?
    Abandoned places, I guess we know the score, on and on
    Does anybody know what we are looking for?
    Another hero, another mindless crime
    Behind the curtain, in the pantomime
    Hold the line
    Does anybody want to take it anymore?

    The show must go on
    The show must go on, yeah
    Inside my heart is breaking
    My makeup may be flaking
    But my smile, still, stays on

Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#5
Reminds me of Yahoo! at their great obsolescence tipping point when they were sunsetted to be replaced by Facebook. Zuckerberg has huge spread in Hawaii just like Yahoo! founder Yang did...the chuckling Marissa Meyer, cutbacks... 'lean in' Sandberg facing a host of legal issues.. it's like the same script again. Wonder what the new Yabook! will look like post recession...

Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#6
post #2

Interesting quote from CEO in an all hands directly to employees. I don't want to be at Meta right now.. .."turning up the heat" on performance management to weed out staffers unable to meet more aggressive goals. "Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said. "Part of my hope by raising expectations and having more aggressive goals, and just kind of turni…

I'm not a Meta-hater, but the tone of this is always destructive when it comes up. It's basically soft layoffs that try and paint those leaving/pushed out as "unmotivated" or "can't keep up with the rest of us". I wish companies would be more honest that they aren't doing well, over hired, etc instead.

I kinda get mgmt types thinking this will keep remaining feeling motivated, safe, etc. but it's very phoney to a lot of us who've been through this before.

Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#8
post #6
post #2

Interesting quote from CEO in an all hands directly to employees. I don't want to be at Meta right now.. .."turning up the heat" on performance management to weed out staffers unable to meet more aggressive goals. "Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said. "Part of my hope by raising expectations and having more aggressive goals, and just kind of turni…

I'm not a Meta-hater, but the tone of this is always destructive when it comes up. It's basically soft layoffs that try and paint those leaving/pushed out as "unmotivated" or "can't keep up with the rest of us". I wish companies would be more honest that they aren't doing well, over hired, etc instead. I kinda get mgmt types thinking this will keep remaining feeling motivated, safe, etc. but it's very phoney to a lot…

I've heard it asserted that your median level of talent doesn't change much with these strategies. But that means you're losing people that you could probably ill afford to lose.

Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#9
post #2

Interesting quote from CEO in an all hands directly to employees. I don't want to be at Meta right now.. .."turning up the heat" on performance management to weed out staffers unable to meet more aggressive goals. "Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said. "Part of my hope by raising expectations and having more aggressive goals, and just kind of turni…

Lol, Meta (with their known intense PSC culture) of all places is doing this?

Re: Meta slashes hiring plans, girds for 'fierce' headwinds

#10

Reminds me of Yahoo! at their great obsolescence tipping point when they were sunsetted to be replaced by Facebook. Zuckerberg has huge spread in Hawaii just like Yahoo! founder Yang did...the chuckling Marissa Meyer, cutbacks... 'lean in' Sandberg facing a host of legal issues.. it's like the same script again. Wonder what the new Yabook! will look like post recession...

Blood in the water. Might be a good time to start a new social network. A simple blue interface that doesn't have all of the clutter and noise of Mybook. We can launch at universities first, invite-only.
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