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Meta and Google are cutting staff

wsj.com

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Re: Meta and Google are cutting staff

#61

Post by disgruntledphd2 »

stocknoob wrote: post #30
dafty4 wrote: post #14

Earlier quoted context omitted.

The stock price dive at Meta is pretty clearly due to the $10B hit from Apple’s Do Not Track Feature. Meta should make a free Android phone that allows tracking.

Do not track is an easy scapegoat, but I think the rise of TikTok is a larger factor. Meta lost users.

It's definitely the ATT changes, literally cratered all their direct response ads on iOS (i.e. rich people).

TikTok is definitely a concern but turning off the money pump is a much, much bigger one.

Re: Meta and Google are cutting staff

#62

Post by karmasimida »

jejeyyy77 wrote: post #18
jollyllama wrote: post #16

Earlier quoted context omitted.

It's cooling off. Zombie companies are going to have trouble continuing as rates rise.

people have been saying this for 2 decades. I'll believe it when I see it.

Well you can always test the market, it won't hurt anyway.

Re: Meta and Google are cutting staff

#63

Post by AlotOfReading »

confidantlake wrote: post #57
danellis wrote: post #38

It's odd to read about hiring freezes when they're both still actively recruiting.

Are they? I did an interview with one of them a few months ago, passed hiring committee, and have been told everything is frozen. The other one just cancelled my interview.

They're still reaching out at least. I got contacted yesterday.

Re: Meta and Google are cutting staff

#64

Post by strix_varius »

nafix wrote: post #39
rosywoozlechan wrote: post #26

Some of these comments mentioned in the article coming from Meta's leadership about there being people who shouldn't probably be there or to get rid of coasters seems so inhumane and demoralizing. What kind of leadership is that? I mean it's understandable that businesses have to cut costs, but have some empathy, and understand how words affect people. Just wow. It's so cynical and depressing.

I like it. I really dislike working with under-performers and people who just refuse to do due diligence on their end. I dislike working with people who always want you to come over to their frame of mind rather than trying to get into yours or meet in the middle. I saw a ton of people coasting during Covid. People need to get negative feedback when they deserve it.

Agreed. It's demoralizing to have an under-performing colleague stick around for months or years. It's even worse to work with someone who's mastered the art of "talking the talk" to get a job, who makes big promises but always has some excuse for why they can't deliver, and who never actually ships anything.

Most first-level tech managers don't have the courage to fire fast enough. The best feedback I've ever gotten from a member of my team is that I should have fired under-performers faster to preserve the motivation of my top-performers.

It's absurd that someone who has negligible, or oftentimes negative impact, should stick around claiming their $250k participation check every year.

Re: Meta and Google are cutting staff

#65

Post by [deleted] »

nafix wrote: post #39
rosywoozlechan wrote: post #26

Some of these comments mentioned in the article coming from Meta's leadership about there being people who shouldn't probably be there or to get rid of coasters seems so inhumane and demoralizing. What kind of leadership is that? I mean it's understandable that businesses have to cut costs, but have some empathy, and understand how words affect people. Just wow. It's so cynical and depressing.

I like it. I really dislike working with under-performers and people who just refuse to do due diligence on their end. I dislike working with people who always want you to come over to their frame of mind rather than trying to get into yours or meet in the middle. I saw a ton of people coasting during Covid. People need to get negative feedback when they deserve it.

[deleted]

Re: Meta and Google are cutting staff

#66

Post by fleetwoodsnack »

strix_varius wrote: post #64
nafix wrote: post #39

Earlier quoted context omitted.

I like it. I really dislike working with under-performers and people who just refuse to do due diligence on their end. I dislike working with people who always want you to come over to their frame of mind rather than trying to get into yours or meet in the middle. I saw a ton of people coasting during Covid. People need to get negative feedback when they deserve it.

Agreed. It's demoralizing to have an under-performing colleague stick around for months or years. It's even worse to work with someone who's mastered the art of "talking the talk" to get a job, who makes big promises but always has some excuse for why they can't deliver, and who never actually ships anything. Most first-level tech managers don't have the courage to fire fast enough. The best feedback I've ever gotten…

Seems like you have a responsibility to yourself and your team to bring this up with the appropriate party and go farther if need-be. Proactive feedback is more useful than passive resentment.

Re: Meta and Google are cutting staff

#67

Post by Apocryphon »

jejeyyy77 wrote: post #21
wollsmoth wrote: post #19

Earlier quoted context omitted.

rates haven't been rising for two decades.

there's been a new reason for why "this time is different" for the past 2 decades.

The boom of the past two decades was fueled by low interest rates!

Re: Meta and Google are cutting staff

#68

Post by pb7 »

assttoasstmgr wrote: post #46
tempsy wrote: post #7

Earlier 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.

Quoted post unavailable.

So you agree it's a downgrade in quality of life? Not sure what the point of this comment is other than being rude to people earning more than you.

Re: Meta and Google are cutting staff

#70

Post by confidantlake »

AlotOfReading wrote: post #63
confidantlake wrote: post #57

Earlier quoted context omitted.

Are they? I did an interview with one of them a few months ago, passed hiring committee, and have been told everything is frozen. The other one just cancelled my interview.

They're still reaching out at least. I got contacted yesterday.

That is pretty lame unless it is for a very specialized role. But for whatever reason it seems like many companies go through the whole song and dance even if they have no intention of hiring.
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