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…
He is blaming the economy and employees, when in fact the product itself is dying. Lots of CEOs with bad businesses will play this card to avoid responsibility...
Meta slashes hiring plans, girds for 'fierce' headwinds
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Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#422Interesting 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…
There is something charming about the use of "realistically", a discovery the CEO just had that "bunch of people at the company who shouldn't be here" as if this had nothing to do with him.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#423Earlier quoted context omitted.
> it just isn't happening with dorky headsets and probably won't until the tech matures enough to get there Zuckerberg is well aware of the technical challenges of VR headsets and they're putting a lot of effort into getting the headsets where they need to be. Seems like they're helping push the technology much further than any other company right now. Here's a 30 minute video where he and Michael Abrash go into the…
>they're putting a lot of effort into getting the headsets where they need to be. 1. Nobody knows "where they need to be" to become suitable for mass adoption. Definitely better than they are now, but personally I highly doubt I'd feel comfortable using a full VR headset regularly unless it was a "full dive" experience where I don't have to use a controller. 2. Hardware is a lot more difficult than software. Facebook…
It's that an exaggeration?
Still, about how much does Meta bet on VR? Maybe compared to profits?
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#424Earlier quoted context omitted.
If my CEO said: > “Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said during the meeting, according to Reuters. I'd probably start looking for another job. It's one thing to fire poor performers, it's another to make vague allusions to "people who shouldn't be here". If they shouldn't be there, fire them . Otherwise, this just sounds like management has no clue.
> If they shouldn't be there, fire them. No, you set clear performance expectations, give them feedback, and then hold them accountable if they don't meet those performance expectations. Which seems to be what Meta is doing here. I honestly can't believe so many people in this thread would prefer that Meta just slash and burn employees instead of giving them expectations and a chance to meet them.
I honestly can't believe you'd trust this kind of management to give fair expectations.
Let's be honest. They know who they're going to get rid of. Now they just have to create the pre-text.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#425Earlier quoted context omitted.
There is something charming about the use of "realistically", a discovery the CEO just had that "bunch of people at the company who shouldn't be here" as if this had nothing to do with him.
I mean, isn’t that always the case though? That lots of people don’t belong there? It’s just the law of large numbers + the ever shifting lives of people.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#426Earlier quoted context omitted.
He is blaming the economy and employees, when in fact the product itself is dying. Lots of CEOs with bad businesses will play this card to avoid responsibility...
I keep asking people if they know anybody excited about the metaverse. I have not found any even among people who are total Facebook products.
Never mind the fact that VR is niche and will always be niche, or that VR conference calls add zero value beyond a simple Zoom call, Meta is going for it anyway because they have no other viable options.
I have to admit that the technology itself looks really cool, but it’s a solution looking for a problem.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#427Earlier 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)
I quit Facebook because I was getting pings by Zuckerberg himself on button padding on one of his pet projects.
(Being facetious)
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#428Earlier quoted context omitted.
Why a disservice? It’s the contrary. Thanks to those kinds of leaks, I had already decided I’d never want to work for that place. When a good friend started working there, he confirmed pretty much everything.
It’s fun and juicy to read leaks from other companies but it really sucks when your leadership stops being open or stops taking questions in all hands meetings because everything they say immediately gets posted on Twitter. Just because you’d like to know the information about the on-goings of a company doesn’t make you entitled to it and I wish large companies would collectively do more to go after leakers in court…
"Don't talk or we'll ruin your life financially."
Whistleblowers have a hard enough time in this day and age. I hope more do this - corporations dominate enough of our lives.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#429Earlier quoted context omitted.
It’s fun and juicy to read leaks from other companies but it really sucks when your leadership stops being open or stops taking questions in all hands meetings because everything they say immediately gets posted on Twitter. Just because you’d like to know the information about the on-goings of a company doesn’t make you entitled to it and I wish large companies would collectively do more to go after leakers in court…
> I wish large companies would collectively do more to go after leakers in court to stop this trend. "Don't talk or we'll ruin your life financially." Whistleblowers have a hard enough time in this day and age. I hope more do this - corporations dominate enough of our lives.
Re: Meta slashes hiring plans, girds for 'fierce' headwinds
#430Earlier quoted context omitted.
Agree, I mostly saw: Take this generous amount of money and hand in your resignation or you won't have to come back tomorrow and you get nothing.
Take this generous amount of money (1 month pay) and SIGN THIS WAIVER RELEASING US OF ALL FUTURE LIABILITIES is the important part.