> “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.
Meta announces hiring freeze, warns employees of restructuring
181–190 of 540 posts
Re: Meta announces hiring freeze, warns employees of restructuring
#182> “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.
Re: Meta announces hiring freeze, warns employees of restructuring
#183Earlier 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?
Re: Meta announces hiring freeze, warns employees of restructuring
#184Earlier 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?
Re: Meta announces hiring freeze, warns employees of restructuring
#185> “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…
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
#186Zuck 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.
Re: Meta announces hiring freeze, warns employees of restructuring
#187> “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?
Re: Meta announces hiring freeze, warns employees of restructuring
#188Earlier 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.…
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
#189Earlier 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…
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
#190Earlier 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…