Damn it's enjoyable to watch them crash and burn.
Meta slashes hiring plans, girds for 'fierce' headwinds
11–20 of 509 posts
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#12Interesting 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?
PSC culture?
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#13Earlier quoted context omitted.
Lol, Meta (with their known intense PSC culture) of all places is doing this?
PSC culture?
Performance Summary Cycle.
This is a two-week period that kick-starts the review process for both managers and employees.
https://candor.co/articles/tech-careers/performance-reviews-...
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#14Earlier quoted context omitted.
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.
When things get nasty and it’s clear the good days are over it’s usually those most able to leave (the actual best employees) who get the message
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#15Earlier quoted context omitted.
Lol, Meta (with their known intense PSC culture) of all places is doing this?
PSC culture?
Performance Summary Cycle.
It's a thing where you get performance reviews every 6 months, and where every minute contribution gets scored. Or so I've been told by a former mid-level Facebook manager who quit after a bit more than a year because he couldn't stand that toxic place anymore.
I found it particularly funny that the interviewers who gave the thumbs up to hire him would get bad marks because of his early departure.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#16That's how you keep your company alive.
Social is about to change quite heavily. FB as a product is now 15+ years old.
This will be a really interesting space to watch.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#17Earlier quoted context omitted.
Lol, Meta (with their known intense PSC culture) of all places is doing this?
PSC culture?
Performance Summary Cycle. From experience, the psc culture within fb/meta is intense, internally competitive (even within teams) and heavily focuses on quantifiable gains (e.g. often tech-debt or ethical-minded features are forgone for engagement metric increases ... via any means). It's not nice unless you're a very specific type of person.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#18Reminds 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.
Look for a big FB data breach when the shiny new next gen platform is ready so everyone will migrate
https://en.wikipedia.org/wiki/Yahoo!_data_breaches
and idiotic c suite parties during mass layoffs and cutbacks https://www.businessinsider.com/yahoo-ceo-marissa-mayer-blow...
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#19Damn it's enjoyable to watch them crash and burn.
just like your 401k?
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#20Damn it's enjoyable to watch them crash and burn.
If you would have invested in 2017, you would be exactly in the same spot now after 4+ years.