Meta slashes hiring plans, girds for 'fierce' headwinds

Post by tsimionescu » Fri, Jul 01, 2022, 5:57 PM UTC

colinmhayes wrote: post #78

cycomanic wrote: post #72

Earlier quoted context omitted.

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.

Zuckerberg has a voting majority. As long as he believes he is acting in the companies best interests he can do whatever he likes.

Post by aeyes » Fri, Jul 01, 2022, 5:57 PM UTC

halfmatthalfcat wrote: post #206

cs137 wrote: post #125

Earlier quoted context omitted.

Generally, people who get PIP'd don't get severance, even if fired. The real purpose of the PIP process is to grind people down so they make mistakes, costing them what could otherwise be beautiful lawsuits [1], or just stop showing up (which I guess would fall under quitting, since they end up firing themselves, at least bureaucratically speaking). ---- [1] This is surprisingly easy to do in the US. If you post abou…

That may be for more cold blooded companies but most PIPs I've witnessed have gotten severance and actually good packages to boot.

Post by joshstrange » Fri, Jul 01, 2022, 5:58 PM UTC

msbarnett wrote: post #214

Yeah, "we hired people we shouldn't have so now we're going to make it increasingly unpleasant to work here" doesn't work. First-hand, what I've seen happen is that your most talented people, who are the most in demand, leave the organization quite quickly because they correctly realize they don't have to put up with this bullshit. It's the coasters who fear they'll never land an equally cushy job who attempt to ride…

Post by hluska » Fri, Jul 01, 2022, 5:59 PM UTC

s17n wrote: post #204

Planktonne wrote: post #202

> Realistically, there are probably a bunch of people at the company who shouldn’t be here If a company has both 1) A lot of dead wood 2) No better strategy to deal with it than 'turning up the heat' Then this suggests a profound failure of management and leadership. I'd start cutting the dead wood there.

Every sufficiently large company has a lot of dead wood, and nobody has yet devised a better strategy than 'turning up the heat'.

Post by kennywinker » Fri, Jul 01, 2022, 5:59 PM UTC

thenightcrawler wrote: post #213

corrral wrote: post #210

Earlier quoted context omitted.

Does this not have the side effect of also driving away employees with the best alternatives (so, probably your best ones)?

The key for this to work is that you need to give everybody big raises so the best want to stay when the heat gets tough (like sterotypical ibanking)