Meta announces hiring freeze, warns employees of restructuring
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Re: Meta announces hiring freeze, warns employees of restructuring
#2Re: Meta announces hiring freeze, warns employees of restructuring
#3My uneducated opinion is this company had some downsizing and restructuring coming. But the leading edge of a big wave of downsizes might look like this, too.
Re: Meta announces hiring freeze, warns employees of restructuring
#4What an awful way to announce that. Q&A is over folks, everyone go back to their desk and start working again - good luck!
Re: Meta announces hiring freeze, warns employees of restructuring
#5Tech is reflexive. Since most tech/saas companies sell/support other saas companies, they all go down.
Think about all the startups who rely on AWS, Apple computers, and Facebook ads. What happens when they all die?
The tech bull run is over, and we'll find out where the bodies lie soon.
Re: Meta announces hiring freeze, warns employees of restructuring
#6Layoffs time: move quickly and break people.
Re: Meta announces hiring freeze, warns employees of restructuring
#7Tech is reflexive. Since most tech/saas companies sell/support other saas companies, they all go down. Think about all the startups who rely on AWS, Apple computers, and Facebook ads. What happens when they all die? The tech bull run is over, and we'll find out where the bodies lie soon.
This is really hyperbolic. Facebook is not even closely comparable to those. Additionally, there's no market indication that won't be a need for services like AWS or hardware provided by Apple.
It's really weird how many people seem to _want_ the tech industry to just wither and die. It's unlikely and unrealistic. There may be a sharp correction, but it's unrealistic to think that the behemoths with a moat are going anywhere.
Re: Meta announces hiring freeze, warns employees of restructuring
#8What an awful way to announce that. Q&A is over folks, everyone go back to their desk and start working again - good luck!
Such a poor plan. Dropping this in a Q&A means that nothing else said will be remembered. It's also being implemented in a completely asinine way: "individual teams will sort out how to handle headcount changes". Take no culpability for anything, and ensure that the confusion and anger targets the bottom-most level of management. What a classy move!
Re: Meta announces hiring freeze, warns employees of restructuring
#9Of all FAANGs I expect FB to be the first to sink. I see the writing on the wall..
Re: Meta announces hiring freeze, warns employees of restructuring
#10It will metastasize