Live data from Hacker News

Meta announces hiring freeze, warns employees of restructuring

bloomberg.com

181–190 of 540 posts

Re: Meta announces hiring freeze, warns employees of restructuring

#181
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.

And their feed is increasingly worse. We might be the product, but this product can walk away.

Re: Meta announces hiring freeze, warns employees of restructuring

#182
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.

Apple tightening privacy while TikTok is eating their lunch... Not to mention the Metaverse is/was a giant distraction.

Metaverse is an interesting idea, but they're too quick to hail it as the feature of the company imo. It just looks like an expensive, boring, video game right now.

Re: Meta announces hiring freeze, warns employees of restructuring

#183

Earlier quoted context omitted.

> They want to change that by having people switching en masse to the Metaverse but I'm really not sure this is happening. The tech isn't even close to there yet. Current gen VR tech demos sparks the imagination, and it's definitely great for people that want to like it... But that's not even close to good enough for mass adoption. Their teased prototypes look like a solid upgrade, but it's still not going to be enou…

> centuries Centuries ? I haven't taken a close look at VR (though I'm flirting with buying a headset soon, just for kicks...) but I'd always assumed it was more like 10-25 years away. What are the hardware breakthroughs that you think would do it?

True lightfield display would be a start....

Re: Meta announces hiring freeze, warns employees of restructuring

#184
post #125
post #64

Earlier quoted context omitted.

I had a recruiter reach out to me about some ML positions there earlier this year, and I was sort of interested in it for a bit. They have an applicant portal where they literally have you practice leetcode problems, and are pretty open that you're going to be asked those kinds of questions in the interview.

Are they at least ML leetcode problems?

No. This was for more of a machine learning engineering role than a pure ML scientist role though.

Re: Meta announces hiring freeze, warns employees of restructuring

#185
post #161

> “I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg said. A Meta spokesperson declined to comment. The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years. The stock market is starting to behave more rationally, demanding that a company whose…

> The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years.

You might enjoy reading "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail", https://www.amazon.com/Changing-World-Order-Nations-Succeed-... (The author is Ray Dalio, one of the US's best institutional investors.)

The big question is, when are we going to hit bottom? We need to make it through the Ukraine and Taiwan situations before things really bounce back.

Re: Meta announces hiring freeze, warns employees of restructuring

#186

Zuck is absolutely going to call back all the remote engineers that he hired over the past two years to the office, and just like with Tesla, those who refuse will be involuntarily separated. Work from home, _is_ going to die at the megacorps.

Meta already did this / have been doing this. But I think Meta will suffer more from this choice than the employees let go as a result.

Re: Meta announces hiring freeze, warns employees of restructuring

#187
post #161

> “I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg said. A Meta spokesperson declined to comment. The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years. The stock market is starting to behave more rationally, demanding that a company whose…

> It's a sign of mismanagement and especially loss of focus. I think it's a natural symptom of running a company built on exploiting people's desire to craft and control their own image. It's corporate narcissism. Zuckerberg has been invincible for so long, how could he not be consumed by the reality distortion field himself?

Ooh, careful saying anything negative about social media or tech companies here. /s

Re: Meta announces hiring freeze, warns employees of restructuring

#188

Earlier quoted context omitted.

It seems to me that the selection process favors Indian and Chinese engineers who are used to cramming for rigorous entrance exams to top universities.

And also Eastern European or ex-USSR countries where highschool STEM curriculum is more difficult than in the west and participation in STEM competitions and olympiads is encouraged for kids. We had to solve binary and hex division and multiplication on paper for exams and study Dijkstra's algoritm and binary tree traversal in highschool CS. Ugly stuff for a bunch of 16 year olds who just wanted to make Flash games.…

Eastern European here. From the mentioned I had binary division, but that was it.

I was solving leetcode-adjacent problems for the entire last year of high school in preparation for the final exam though.

Re: Meta announces hiring freeze, warns employees of restructuring

#189
post #95

Earlier quoted context omitted.

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…

> Yes, I struggle to think of a good reason to work for such a harmful company as Meta.

It seems you also struggle to understand that the majority of the world does not consider them to be a harmful company, and do not agree with your assessment of it.

Anti-disclaimer: I do not work for FAANG, nor have I. I also never had a FB/Instagram account. I'm not fond of Facebook, but I can see other people's perspectives.

Re: Meta announces hiring freeze, warns employees of restructuring

#190
post #71

Earlier quoted context omitted.

They've gotten so damn greedy. On the mobile app literally over half my feed is ads.

My feed is mostly not posts from people I know (for some reason it has started sending me tiktok length clips of standup comedians). Actually it is not so bad, some of the clips are pretty funny, but I could get that sort of content from tiktok or youtube I guess, I just happen to use the facebook app because it is already installed. Their fundamental advantage was network effect, I guess that is dead now that like 1…

My understanding is that this is the strategy: the network effect method for choosing what content you want (FB/Insta) is getting beat by the "algorithm determines what you are interested in" method for choosing what content you want, so Facebook is pivoting to the latter.
Post reply on HN