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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

#101

Post by oblio »

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.

Leetcode problems doesn't mean leetcode.com problems in a narrow sense (aka copy paste).

It means reasonably complex algorithmic and data structure problems you're supposed to solve by coding under pressure, quickly, in interview conditions.

And if you think that's not happening, I have a bridge in Brooklyn to sell you.

Re: Meta announces hiring freeze, warns employees of restructuring

#102

Post by matai_kolila »

dominotw wrote: post #86
bitL wrote: post #82

Earlier quoted context omitted.

From my experience they place most weight on system design. They allow you to get 1-2 neutral flags from leetcoding and still get an offer.

leetcode is a standin for all thing you can memorize and vomit out in in interview. Designing url-shortner is no different than edit distance.

Meh, I can do a URL shortener in my sleep, but I'd have to study to beat a leetcode test.

Re: Meta announces hiring freeze, warns employees of restructuring

#103

Post by rr888 »

Ozzie_osman wrote: post #53

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 reven…

To me it looks like they tried to copy TikTok, with loads of ads and turned a decent product into something no one wants to use.

Re: Meta announces hiring freeze, warns employees of restructuring

#104

Post by treis »

vaiso wrote: post #72
_boffin_ wrote: post #30

Earlier quoted context omitted.

Why?

Not the OP, and this is just speculation on my part so take it with a grain of salt. Meta gets the overwhelming majority (97.7%) of their revenue from advertising[1]. Their business model is completely reliant on using user data to sell highly targeted ads to sellers. While most consumers don't actually care what corporations do with their data, governments have been starting to crack down on the types of data that c…

They're still a dominant player in a 2 sided market. They still have traffic (within their site + ad network) and buyers (people wanting to place ads). Even if we remove all user tracking and nuke all attribution they're still going to make a lot of money. It will shift to more national type ad campaigns and/or targeting based on page content.

Re: Meta announces hiring freeze, warns employees of restructuring

#105

Post by UnpossibleJim »

Ozzie_osman wrote: post #53

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 reven…

Do you think the Digital Markets Act in the E.U. had anything to do with this?

https://www.nytimes.com/2022/03/24/technology/eu-regulation-...

Re: Meta announces hiring freeze, warns employees of restructuring

#106

Post by matai_kolila »

lifeisgood99 wrote: post #24
nobleach wrote: post #21

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?

IDK why this is so contentious for folks, it probably varies by team, role, or something else.

Re: Meta announces hiring freeze, warns employees of restructuring

#107

Post by colinmhayes »

noir_lord wrote: post #40
tempsy wrote: post #19

Earlier quoted context omitted.

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...

DOesn't matter how much cash they have. Ownership will demand cuts if earnings fall.

Re: Meta announces hiring freeze, warns employees of restructuring

#108

Post by dessant »

filoleg wrote: post #95
dessant wrote: post #74

Earlier quoted context omitted.

Quoted post unavailable.

I legitimately cannot see this question in the current context as anything but being made in bad faith. Do you seriously struggle to think of possible reasons for why someone would want to work for Meta? Something like "high pay, interesting/difficult challenges and problems to work on, large scale rarely found elsewhere, and lots of learning opportunities (including loads of great engineers to learn from)" never cro…

> Do you seriously struggle to think of possible reasons for why someone would want to work for Meta?

Yes, I struggle to think of a good reason to work for such a harmful company as Meta. People usually don't land there because of a desperate need for money, which would probably be one of the very few acceptable reasons for joining that company.

And why should my question be in good faith? Why should we not call out people who cheerfully join organizations that pose a threat to our future, and show no civic responsibility?

Re: Meta announces hiring freeze, warns employees of restructuring

#109

Post by jfrbfbreudh »

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.

lol. meta literally has their own leetcode style training platform for you to practice questions on when you apply for SWE positions.

Re: Meta announces hiring freeze, warns employees of restructuring

#110

Post by 1270018080 »

dc-programmer wrote: post #85
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.

Stages of grief. First he blamed employees, now the economy..

Cancel culture is the only scapegoat left
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