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Meta slashes hiring plans, girds for 'fierce' headwinds

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

#81
post #56

Earlier quoted context omitted.

At a company the size of Facebook, the CEO should not be involved at that level.

Respectfully: Zuckerberg has earned the right to care about whatever he darn-well pleases at company the size of his.

As soon as you start talking about “rights” you’re just having your own argument. We are obviously talking about what’s best practice.

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

#82

Earlier quoted context omitted.

Why not? It's his company. He can do what he wants.

I'm surprised that nobody is questioning this. Zuckerberg owns ~17% of Meta shares, so it quite clearly not "his" company where he can do whatever he pleases. Primarily he is an employee and has a responsibility to the owners (which does include him) to do his job, arguably looking at button padding is not part of his job description.

17% of stocks != 17% of voting rights. I don't know the current numbers, but Zuck was known for aggressive use of priority shares to retain voting control of the company as he was selling shares.

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

#83
post #66

Earlier quoted context omitted.

Why not? It's his company. He can do what he wants.

His company pays design and UX experts a huge amount of money to come up with designs that work for users , not for him personally. Meta isn't Zuckerberg's toy. Ignoring that expertise, and designing for himself instead of users, is failing the shareholders by wasting money and not maximizing revenue. The parallel to Steve Jobs is a fair one, except that Steve was brilliant at design and UX and got things right. He w…

CEOs dog fooding their products and leaving feedback on them is not failing shareholders. Would you prefer a CEO to completely ignore everything their company makes and just trust others to tell him how things are going?

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

#84
post #25

Earlier quoted context omitted.

Does this read “Let’s ditch those ethical people who get in the way of profit.”? Yes FB is not for me. Not as a worker, not as a customer.

Imagine how bleak it must be to be an average SWE at facebook. Sure, you get paid a ton of money, but now they are going to "turn up the heat" on you to pump glorified CRUD message board features faster. (yes, I know there are probably lots of intellectually interesting jobs at Meta, but the overall purpose and mission just isn't exactly inspiring)

> glorified CRUD message board

That's like describing SpaceX as "glorified fireworks"

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

#85
post #25
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…

Does this read “Let’s ditch those ethical people who get in the way of profit.”? Yes FB is not for me. Not as a worker, not as a customer.

Does this read “Let’s ditch those ethical people who get in the way of profit.”?

I read it more as let's ditch those 'lazy' people that don't 'embrace the grind', only want to work 8 hours a day and then just go home.

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

#86
post #35

Earlier quoted context omitted.

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.

If Zuckerberg finds it OK to talk like that to its employees, then it means the general culture there must be able to hear him. So you're right, very specific type of person. But I wonder : how would you describe that type ? the type "if I'm in Meta it's because I'm the best of the best and I want to continue to prove I'm the best of the best, at any cost" ?

i don't know about "at any cost", but i haven't heard anyone push back against the performance and feedback culture. my team just wants to get better.

i have been really pleasantly surprised at how pervasive this mindset is among pretty much every one of my colleagues. it's something that i wanted at my previous jobs. i suppose it's not for everyone but it's been working for the small sample of people i know.

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

#87
post #40

Earlier quoted context omitted.

just like your 401k?

My only positions have been short the market(psq) cash and gold since November of last year. Which is part of the reason that this is extremely enjoyable for me.

So "buy on the dips", but buying psq. Nice !

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

#88
Well, Coinbase just did 18% layoffs (that's one gone from every 5-person team). In theory it's nicer if your CEO just tells you basically 'please start looking for jobs now, we don't want to have to do layoffs'.

What's so off-putting here is that he's already trying to frame those departures as separating from 'the weakest' (which is disingenuous, because it's old management wisdom that the first to leave in such situations are generally among the best, because those have the best outside options).

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

#89
post #7

My roommate works at Meta and from how he describes the culture to me it seems quite intense and competitive already. I can't imagine what "turning up the heat" even more would imply.

They'll force more people into the lower buckets of the stack rank. It’s very dystopian in its simplicity.

there isn't really a stack rank, and they're pretty careful about not fitting performance into predetermined quota buckets. honestly i think attrition will get the numbers down fairly quickly, although unfortunately probably pretty evenly distributed among good and bad engineers.
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