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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

#51

Post by hinkley »

gumby wrote: post #14
jvanderbot wrote: post #3

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…

Please use "MANAMANA" instead.

(doot doo do doo doot)

Re: Meta announces hiring freeze, warns employees of restructuring

#52

Post by mattnewton »

nobleach wrote: post #21
brentmitchell25 wrote: post #11

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 just joined Meta this year and had to solve leetcode-style problems, not sure what you mean? Maybe that they aren't literally taken from leetcode or taken on leetcode.com?

Re: Meta announces hiring freeze, warns employees of restructuring

#53

Post by Ozzie_osman »

Our startup spends a little bit on Facebook Ads (across FB, Instagram, etc). It's very clear over the past few months that there's trouble in the ads engine. Attribution is a mess, ad efficiency fluctuates randomly, the UI and API are flaky. I don't know whether this is a result of the ios privacy changes, the broader economy affecting ad spend, or internal issues... Maybe a mix. But it's clear that Meta's main revenue engine is a complete mess at the moment.

PS it's not just us. We've seen industry-wide data showing that it's a broader issue.

Re: Meta announces hiring freeze, warns employees of restructuring

#54

Post by nice_byte »

tempsy wrote: post #38
nice_byte wrote: post #27

Earlier quoted context omitted.

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”

I mean, they do ask algorithmic problems, but first, they're not "leetcode hard" (leetcode hards can get just insane, it's impractical to ask those in an interview setting), more like mediums, and second - out of 6 or 7 interviews maybe 2-3 will be those. Domain-specific / system design ones are more important. Though that depends on the level they're hiring for, I imagine fresh grads get more "write code on whiteboard" types of questions.

Re: Meta announces hiring freeze, warns employees of restructuring

#55

Post by lallysingh »

jeffbee wrote: post #45
_boffin_ wrote: post #30

Earlier quoted context omitted.

Why?

Their main product sucks and their Boomer user base is literally dying. The acquisitions are keeping them in the game, but Insta has intense competition from TikTok and Snap and YouTube. They don’t have an unsinkable critical product that everyone uses and will continue to use through good and bad times, like search or mail.

Shit maybe they should buy Harley Davidson.

Re: Meta announces hiring freeze, warns employees of restructuring

#57

Post by bagels »

nobleach wrote: post #21
brentmitchell25 wrote: post #11

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 have. They definitely ask leetcode type of problems.

Re: Meta announces hiring freeze, warns employees of restructuring

#58

Post by worik »

This is a well trodden path. They cannot grow forever, nor can the economy. But investors will expect/want monotonic growth. In profits if not in revenue

I expect Meta will be closing labs in the USA and opening them in other, cheaper, English speaking companies.

Re: Meta announces hiring freeze, warns employees of restructuring

#59

Post by hinkley »

ianbutler wrote: post #22
arberx wrote: post #5

Tech 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.

Oh no the market has corrected to 2019 levels because the ridiculous amount of free cash has stopped! Clearly the era of tech is over and we should all wrap up and go home. I don't think there is anything substantial here to suggest this is anything other than a normal recession and even if this was like the dotcom bubble, these companies aren't like dotcom era startups. They're massive behemoths intertwined with the…

2005 was a pretty shitty time to be in software. I could do without another one of those. If we avoid that level of suck for another 10 years I can just take early retirement.

Re: Meta announces hiring freeze, warns employees of restructuring

#60

Post by nice_byte »

athorax wrote: post #41
nice_byte wrote: post #27

Earlier quoted context omitted.

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

Facebook is notorious for using leetcode problems verbatim. Your singular experience does not invalidate that fact.

you're forgetting that it's leetcode pulling their problems from the companies' question pool, not the other way around.
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