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Meta announces hiring freeze, warns employees of restructuring

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Re: Meta announces hiring freeze, warns employees of restructuring

#31
post #20

I wonder what this means for people I know with accepted offers who haven't yet started.

Anecdotally (I have a friend in that situation), no impact as confirmed by their in-house recruiter.

But it might depend on whether they were pre-allocated to a team (which I understand is very rare, but it does happen).

Re: Meta announces hiring freeze, warns employees of restructuring

#32

They should only keep the engineers that remember how to solve leetcode hard problems /s

Have you ever interviewed with Facebook/Meta? They don't do leetcode problems. Say what you want about them as a company, but I've done quite a few interviews in my career and their process was one of my favorites.

I got rejected on an obscure leetcode hard last year in the telephone screen, which was ridiculous considering I had enough practice to destroy leetcode hards.

Though it worked out for me in the end, but I was definitely annoyed for a day or two.

Re: Meta announces hiring freeze, warns employees of restructuring

#33

Earlier quoted context omitted.

They are notorious for wanting their engineers to spit out memorized solutions of leetcode hards

I have interviewed with them more than a single time, and this is simply not true.

This thread leaves me wondering if, perhaps, interviewing differs within the organization. Lots of confident "nuh-uh"s on both sides.

Re: Meta announces hiring freeze, warns employees of restructuring

#34

Earlier quoted context omitted.

Yeah, I'm with you, and then I read 83K employees doing Metaverse? Simply amazing! That must be at least 20 billion dollars a year! The correction in the tech sector has plenty more correcting to do it seems.

Inverse QQQ?

SQQQ is up 10 percent today.

Re: Meta announces hiring freeze, warns employees of restructuring

#35
post #14

My 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.

I doubt it. My guess is Google/Alphabet will do the same, as they have too high a proportion of people doing things that are neither basic research or contributing to revenue in any way. You can see how that can happen when you have an unconstrained gusher of money. There's effectively zero feedback. However given the weakness of their management (see: gusher of money + lack of focus) it's unlikely that the cuts will…

> As for the rest of maAMA-n? They appear to be doing fine; Amazon's retail challenges are more than made up by AWS. Apple and MS are trundling along as if nothing is happening in the macroenvironment (and they each have 40+ years to have worked out their systems).

Apple -

https://www.theverge.com/2022/7/18/23268953/apple-slow-hirin...

https://www.bloomberg.com/news/articles/2022-08-16/apple-lay...

Microsoft

https://www.bloomberg.com/news/articles/2022-07-20/microsoft...

https://newsletter.pragmaticengineer.com/p/the-scoop-22

Amazon

https://www.protocol.com/newsletters/sourcecode/amazon-slows...

Re: Meta announces hiring freeze, warns employees of restructuring

#36

Earlier quoted context omitted.

Have you ever interviewed with Facebook/Meta? They don't do leetcode problems. Say what you want about them as a company, but I've done quite a few interviews in my career and their process was one of my favorites.

They definitely did when I did a loop a few years ago. Maybe things changed or you got lucky?

Maybe? 2020 for me. The first wave had me write code to solve a problem.... pretty far from Amazon's rebranded HackerRank/Leetcode nonsense. I was talking to a human being the entire time. They were great about making me feel like they WANTED me to succeed. Next round was more conversational/System Design stuff.

Re: Meta announces hiring freeze, warns employees of restructuring

#38

Earlier quoted context omitted.

They are notorious for wanting their engineers to spit out memorized solutions of leetcode hards

I have interviewed with them more than a single time, and this is simply not true.

it probably depends on the role and team. to say they don’t have leetcode style interviews at any stage for any candidate is “simply not true”

Re: Meta announces hiring freeze, warns employees of restructuring

#40
post #19
post #14

Earlier quoted context omitted.

I doubt it. My guess is Google/Alphabet will do the same, as they have too high a proportion of people doing things that are neither basic research or contributing to revenue in any way. You can see how that can happen when you have an unconstrained gusher of money. There's effectively zero feedback. However given the weakness of their management (see: gusher of money + lack of focus) it's unlikely that the cuts will…

Apple is down like 6% today on reports of soft iPhone sales. In an economy where people are actually belt tightening luxury hardware sales are not exactly recession proof

They also have a cash mountain and I'd like to own a company that makes 94% of last years iphone sales.

Over 200bn the last time I saw a figure (90bn in cash, the rest invested).

https://www.investors.com/etfs-and-funds/sectors/sp500-compa...

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