Meta and Google are cutting staff
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Re: Meta and Google are cutting staff
#2This will be the trend among most tech companies.
Very clear the market has now negatively reacted to high operating expenses that largely stem from excessive headcount.
Most companies will likely not reduce pay if they can help it to maintain competitiveness, but if you’re a bottom or middle performer or on a non-revenue generating team suddenly your job security even at “safe” companies like Google is at risk.
Re: Meta and Google are cutting staff
#3This will be the trend among most tech companies. Very clear the market has now negatively reacted to high operating expenses that largely stem from excessive headcount. Most companies will likely not reduce pay if they can help it to maintain competitiveness, but if you’re a bottom or middle performer or on a non-revenue generating team suddenly your job security even at “safe” companies like Google is at risk.
In fairness, at a mega-corp there is very little data on whether an employee would be successful in a different group. Some groups have bad charters/bad team dynamics/bad skills match. An internal transfer has a huge amount of visibility into these aspects when they transfer, much more than an external hire would.
Its a pretty good deal to suggest to employees that they find a new team rather than performing a layoff, I wouldn't be surprised if the profitable/successful teams can still add head count for people they like.
Re: Meta and Google are cutting staff
#4This will be the trend among most tech companies. Very clear the market has now negatively reacted to high operating expenses that largely stem from excessive headcount. Most companies will likely not reduce pay if they can help it to maintain competitiveness, but if you’re a bottom or middle performer or on a non-revenue generating team suddenly your job security even at “safe” companies like Google is at risk.
In fairness, at a mega-corp there is very little data on whether an employee would be successful in a different group. Some groups have bad charters/bad team dynamics/bad skills match. An internal transfer has a huge amount of visibility into these aspects when they transfer, much more than an external hire would. Its a pretty good deal to suggest to employees that they find a new team rather than performing a layoff…
>Among some Meta employees, the process of reapplying for jobs within a limited window internally is known as a sort of human-resources purgatory they call the “30 Day List.”
I mean from the article it’s pretty clear giving employees a month to find a new job internally is more like Hunger Games than some guarantee you will be successful. It sounds like a way for companies to not have to admit they are doing layoffs.
Re: Meta and Google are cutting staff
#5This will be the trend among most tech companies. Very clear the market has now negatively reacted to high operating expenses that largely stem from excessive headcount. Most companies will likely not reduce pay if they can help it to maintain competitiveness, but if you’re a bottom or middle performer or on a non-revenue generating team suddenly your job security even at “safe” companies like Google is at risk.
Personally, being laid off sounds pretty good right about now. Paid vacation before going back into a hot job market for a full remote job.
Re: Meta and Google are cutting staff
#6Earlier quoted context omitted.
In fairness, at a mega-corp there is very little data on whether an employee would be successful in a different group. Some groups have bad charters/bad team dynamics/bad skills match. An internal transfer has a huge amount of visibility into these aspects when they transfer, much more than an external hire would. Its a pretty good deal to suggest to employees that they find a new team rather than performing a layoff…
>Among some Meta employees, the process of reapplying for jobs within a limited window internally is known as a sort of human-resources purgatory they call the “30 Day List.” I mean from the article it’s pretty clear giving employees a month to find a new job internally is more like Hunger Games than some guarantee you will be successful. It sounds like a way for companies to not have to admit they are doing layoffs.
Especially as it's not obvious how much headcount the other teams have.
i.e. giving not-cut (the profitable/successful) teams a 1% headcount increase and cutting 10% of total staff is roughly equivalent to a 9% layoff.
Re: Meta and Google are cutting staff
#7This will be the trend among most tech companies. Very clear the market has now negatively reacted to high operating expenses that largely stem from excessive headcount. Most companies will likely not reduce pay if they can help it to maintain competitiveness, but if you’re a bottom or middle performer or on a non-revenue generating team suddenly your job security even at “safe” companies like Google is at risk.
Personally, being laid off sounds pretty good right about now. Paid vacation before going back into a hot job market for a full remote job.
Depends what your salary expectations are, I guess. Finding a role with the same compensation as a Meta/Google is more difficult than finding one of many dozens of companies that will pay you low six figures and some questionable equity package.
Re: Meta and Google are cutting staff
#8They are probably trying to avoid the WARN act and staying under the radar.
A goal of 10% sounds like vitality curve/rank and yank/stacked ranking.
If 10% of employees get promoted at the same you will know.
Re: Meta and Google are cutting staff
#9Earlier quoted context omitted.
Personally, being laid off sounds pretty good right about now. Paid vacation before going back into a hot job market for a full remote job.
Depends what your salary expectations are, I guess. Finding a role with the same compensation as a Meta/Google is more difficult than finding one of many dozens of companies that will pay you low six figures and some questionable equity package.
True, prob won't be comparable to a really good equity package from Meta/Google. But seeing a lot of $200K+ cash comp for full remote companies.
Re: Meta and Google are cutting staff
#10Earlier quoted context omitted.
Depends what your salary expectations are, I guess. Finding a role with the same compensation as a Meta/Google is more difficult than finding one of many dozens of companies that will pay you low six figures and some questionable equity package.
True, prob won't be comparable to a really good equity package from Meta/Google. But seeing a lot of $200K+ cash comp for full remote companies.
Any recommendations for sites/services to look at job openings that aren't obvious? Or are you seeing these through your network or something?