Meta announces hiring freeze, warns employees of restructuring

Post by erikpukinskis » Thu, Sep 29, 2022, 8:57 PM UTC

chrisco255 wrote: post #186

woeirua wrote: post #175

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.

Post by beckingz » Thu, Sep 29, 2022, 8:59 PM UTC

stingraycharles wrote: post #76

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…

What does it mean when attribution is a mess? Or efficiency fluctuating? Does this imply that Facebook is showing ads in places they should not be, because they have inventory they cannot sell?

Post by lotsofpulp » Thu, Sep 29, 2022, 9:00 PM UTC

no_wizard wrote: post #205

jjulius wrote: post #173

Earlier quoted context omitted.

You know, I've been wondering what could possibly possess Meta to be so, "FUCK YEAH, ALL IN MF'ERS!!!" about the metaverse for a while now. This actually makes a lot of sense; companies control the platforms we are on, which then determines how we must operate (read: which prevents us from invasively monitoring you as much as we'd like), so why not control the full stack as people close more doors on us? I still thin…

Perhaps they shouldn't have bailed on making phones. Android phone arena is still very messy and they could just...have good hardware and a slick skin on Android and probably make a go of it. I know I'm armchairing the devil so to speak but I think this would have been a good long term play for them, but I imagine their expertise at the time was antithetical to hardware.

Post by no_wizard » Thu, Sep 29, 2022, 9:05 PM UTC

lotsofpulp wrote: post #215

no_wizard wrote: post #205

Earlier quoted context omitted.

Perhaps they shouldn't have bailed on making phones. Android phone arena is still very messy and they could just...have good hardware and a slick skin on Android and probably make a go of it. I know I'm armchairing the devil so to speak but I think this would have been a good long term play for them, but I imagine their expertise at the time was antithetical to hardware.

Meta/Microsoft/Amazon all did not want to plow the billions of dollars and years it takes to develop hardware that can compete with iPhone and Android. They bet that they did not need to, but unfortunately for Meta, looks like they should have.

Post by rightbyte » Thu, Sep 29, 2022, 9:09 PM UTC

itsoktocry wrote: post #218

yuan43 wrote: 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.* The economy is never "stable". It is constantly in a cycle of ups and downs, over-investment and under-investment, easy money and tight money... The current state is no more "normal" than any other period.