Meta announces hiring freeze, warns employees of restructuring

Post by troon-lover » Thu, Sep 29, 2022, 7:44 PM UTC

flyinglizard wrote: post #18

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.

Where exactly do you advertise your blue collar business if not on a Meta or Google property? They don’t sell tech. They use tech. They sell ads. I do agree that the bull run for companies that sell tech will subside, maybe over correcting in the short term.

Post by arduinomancer » Thu, Sep 29, 2022, 7:46 PM UTC

nobleach wrote: post #36

lifeisgood99 wrote: post #24

Earlier quoted context omitted.

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.

Post by dc-programmer » Thu, Sep 29, 2022, 7:47 PM UTC

petilon wrote: post #61

> “I had hoped the economy would have more clearly stabilized by now..” Zuckerberg said. Zuck is blaming the economy, but Meta's real problem is that Apple tightened iOS privacy. Meta had built a business on tracking people, and when iOS tightened privacy, Meta could not target ads as effectively as before.

Post by systemvoltage » Thu, Sep 29, 2022, 7:48 PM UTC

dessant wrote: post #74

mattnewton wrote: post #52

Earlier quoted context omitted.

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?

Quoted post unavailable.

Post by bllguo » Thu, Sep 29, 2022, 7:49 PM UTC

lallysingh wrote: post #63

dimgl wrote: post #7

Earlier quoted context omitted.

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…

AWS is healthy. Apple is effectively immortal, but will slowly commoditize (10+ yrs) from lack of innovation. Meta/Goog are (eng staff wise) oversized for their output. Both of their leaderships aren't leading very well. Despite the hype and capabilities offered, none of the big players have find ways to use their AI assets. That's a poor indicator of their future. You can almost smell the disruption coming..