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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

#101

Post by yieldcrv »

achow wrote: 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…

Just do the old Netflix culture doc style

Welcome! You're going to get fired! If you want a “family” join a startup!

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

#102

Post by xxs »

eru wrote: post #68
georgeburdell wrote: post #43

Earlier quoted context omitted.

Meta has done a lot of interesting work in the hardware space. In hardware, you just kind of accept, regardless of your company or its vision, that your work is ultimately used to facilitate the watching of cat videos.

Alternatively, your work is being used to process financial information and trades a few nanoseconds faster, or your work is being used by the military, ...

Naturally, the nature of the 1st to ring the bell (i.e. HFT) poses an interesting concept. It's a very technical goal in itself.

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

#103

Post by quickthrower2 »

phendrenad2 wrote: post #10
olivermarks wrote: post #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...

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.

Whatsapp?

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

#104

Post by [deleted] »

achow wrote: 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…

[deleted]

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

#105

Post by rvz »

anm89 wrote: post #11

Damn it's enjoyable to watch them crash and burn.

I know, the diversity and inclusion executives and talking heads at Netflix, Twitter, Tesla, Fast, etc are always the first to leave and it is hilarious to see them get the axe.

When you see tons of companies (mostly unprofitable companies) cut useless positions that add zero value to the company it is a great thing for them to next time watch their balance sheet and make money. Lots of schadenfreude there.

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

#106

Post by npteljes »

Dan_Sylveste wrote: post #92
achow wrote: 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…

What's with this seemingly-new use of 'staffers' instead of 'personnel' or 'staff?' 'Staffers' to me always meant personnel in a political context, i.e. White House Staffers or, in a commercial context, recruiters, i.e. people responsible for providing staff. Does anyone else concur? I did check with the dictionary which is telling me that 'staffers' is a synonym for 'staff' but... I've not seen it used that way comm…

Aren't staffers the ones who work in hiring, talent acquisition, etc?

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

#107

Post by npteljes »

achow wrote: 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…

>"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.

This, to me, sounds like he's pressuring people to leave, so that they don't have to fire them, which would involve severance.

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

#108

Post by FullyFunctional »

elpescado wrote: post #84
boredtofears wrote: post #27

Earlier quoted context omitted.

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"

Did you just compare CRUD to literal rocket science?

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

#109

Post by rvz »

GoOnThenDoTell wrote: post #21
jsemrau wrote: post #16

That'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.

I cant imagine they’ll have an easy hiring funnel after this. This begins the slow decline

Yeah. The same goes for Twitter, Tesla, Unity, Dropbox, Uber, etc
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