111–120 of 408 posts
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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.
What job market are you looking at? The small shops with help wanted? I don't know any tech companies on major hiring and not many small companies have had any big rounds to raise and grow on AFAIK...
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The arrival of Covid was a period of great stress and change in people's lives. Maybe they were dealing with some things and not really coasting? Just maybe needed some more support? This way of thinking about people, coworkers, without understanding the situation in their lives and what they've been talking to with their managers about, is just alien to me and I don't understand it. I don't think it's a good way to…
IMO, it is not awful to state the obvious. Every company - especially every company over a certain size, knows there are a certain percentage of people that just 'phone it in' and aren't pulling their weight relative to others - pretending that isn't true, really doesn't help anyone. More importantly, it is demoralizing to the people you want to keep - to make it seem to them that putting in the extra effort doesn't…
sometimes it only takes one conversation or someone else saying something about you to your manager.
if you think companies work fairly at identifying people « coasting » you are deadwrong. everything is politics.
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At Meta managers can't really get away with hiding low performers. Your performance review isn't finalized by your manager, but rather the manager submits your review to a calibrating board that tries to ensure fairness and maintain quality standards. They will refute at all cost that this is stack ranking but you are absolutely graded on the curve of the other engineers in your department and level.
> They will refute at all cost that this is stack ranking Graded in the context of peers’ performance does not imply that they sort employees by performance.
The curve determines rating and compensation, influences promotion decisions, projects people get to work on and what opportunities come their way. The seems like a sort to me given that budget and project opportunities are fixed in many places.
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I was contacted by meta just less than a month ago, and I declined the offer of an interview… I guess i dodged a bullet?
The pay is near top and the engineers are talented. There are a lot of systems in place to get you to work near max capacity all the time with little slowdown time. There are lots of processes and political upheavals that make it hard to ship code. Some people love it.
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The pay is near top and the engineers are talented. There are a lot of systems in place to get you to work near max capacity all the time with little slowdown time. There are lots of processes and political upheavals that make it hard to ship code. Some people love it.
Can you give an example of a system that’s in place to ensure workers are near max capacity most of the time?
is this the new way to say "fired"?
I can't read WSJ while at work, but after checking on the financials for both Meta and Alphabet, I do not understand why either would be cutting staff. Both look pretty strong, so I am not sure how cuts are justified or why Zuckerberg has a negative outlook, especially since 2021 was such a great year for both. Do American executives, investors, and start up owners not have the guts for even a moderate stock price dr…
Layoffs are a way to get rid of low performers without legal issues.
Public companies trying to keep investors happy and share prices good during a downturn. Let them treat employees like cannon fodder. Some of those employees might end up creating something new and innovative, rather than building another product that gets eventually dead-pooled by Google, or copy-pasted by Meta.
If you had to identify the top three things (in terms of impact) that could be changed (albeit with difficulty) to reduce the chances of employees being stuffed into cannons, what would they be? My three would be: 1. Relatively weak labor protections in the USA. 2. The fiduciary requirement to maximize shareholder value. Why not allow a company to define its own metric, such as a blend of profit along with employee t…
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I’m speaking more to the stock price than Meta’s actions. Shares trading lower than they were 5 years ago. And many of the unprofitable growth companies down 80-90% in less than a year. Point is tech companies are highly sensitive to interest rates and now have to course correct in a world where the market is punishing excessive spending.
Not really. Meta raised 10B (really their first debt ever) in April 2022, and GOOG has like 14B in debt. Google could pay that with less than a quarter's worth of earnings, and I think Meta's not far behind. IMO, the market is overreacting. Both companies look pretty cheap to me.