Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Meta announces hiring freeze, warns employees of restructuring

bloomberg.com

Post reply on HN
Print view View original

331–340 of 540 posts

Re: Meta announces hiring freeze, warns employees of restructuring

#331

Post by usrusr »

losvedir wrote: post #151
TacticalCoder wrote: post #113

Earlier quoted context omitted.

> iOS privacy has killed facebook advertisements A problem I see with FB is that they don't control anything on which they run. They run on stuff from their competitors: it's either Google (Chrome / Android), Microsot (Windows / Edge) or Apple (OS X / Safari / iOS). Despite the downturn these three behemoths are still enjoying a market cap in the trillion+. Meta is actually down to $360 bn. Meta controls neither the…

But Facebook is a platform unto itself. If it was still an enjoyable product that everyone used, and connected to their local interests and groups on, they could still have great, targeted advertising I think. But people don't really seem to use it much anymore in earnest, and their targeting probably relied more on 3rd party scripts across the Internet which are being restricted.

I'm still in the habit of clicking that Facebook bookmark occasionally, and have a few extend circle contacts who regularly post. But nine out of ten times the page does not even update anything beyond the server-side populated parts above the fold. Those "story" or what they are called snapchat(?) clones? They work even less frequently. Sometimes they do, so I assume that it can't really be a systematic failure on my side like some weird browser configuration issue. Apparently Facebook, the website, is crumbling on the inside (technology) as much as on the outside (audience).

Re: Meta announces hiring freeze, warns employees of restructuring

#332

Post by [deleted] »

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…

[deleted]

Re: Meta announces hiring freeze, warns employees of restructuring

#333

Post by tjr225 »

BurningFrog wrote: post #234
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 in the early phases of the biggest Fed tightening since at least the 1980s. If you know where that will end up, congrats. For the rest of us, it's very much uncharted waters.

NASDAQ is UP 20 or so % from just before the pandemic. That’s how inflated things got in the last two years. The person you’re responding to is right on the money.

Re: Meta announces hiring freeze, warns employees of restructuring

#334

Post by fspeech »

dragontamer wrote: post #320
BurningFrog wrote: post #234

Earlier quoted context omitted.

> The economy is stabilizing. The economy is in the early phases of the biggest Fed tightening since at least the 1980s. If you know where that will end up, congrats. For the rest of us, it's very much uncharted waters.

> The economy is in the early phases of the biggest Fed tightening since at least the 1980s. But the 2010s through 2020s period is a myth, a figment of cheap money. This money was made cheap to help us get out of the 2007/2008 recession, but the cheap money clearly went on too long. Its warped all of our thinking. We should have been raising rates and paying down the Fed's balance sheet a long, long time ago. To be f…

Real yields on treasuries have surpassed the average GDP growth rate of the 21st century. That’s restrictive by any measure.

Re: Meta announces hiring freeze, warns employees of restructuring

#335

Post by [deleted] »

fspeech wrote: post #334
dragontamer wrote: post #320

Earlier quoted context omitted.

> The economy is in the early phases of the biggest Fed tightening since at least the 1980s. But the 2010s through 2020s period is a myth, a figment of cheap money. This money was made cheap to help us get out of the 2007/2008 recession, but the cheap money clearly went on too long. Its warped all of our thinking. We should have been raising rates and paying down the Fed's balance sheet a long, long time ago. To be f…

Real yields on treasuries have surpassed the average GDP growth rate of the 21st century. That’s restrictive by any measure.

[deleted]

Re: Meta announces hiring freeze, warns employees of restructuring

#336

Post by eloff »

mvuksano wrote: post #289
eloff wrote: post #281

Earlier quoted context omitted.

China doesn't have another generation. They'll be going into a very stark population collapse that's worse than what Japan is experiencing now, where adult diapers outsell baby diapers. I expect that China's economy and influence will take the shape of an upside-down U, with the peak in the next decade. If they're going to move on Taiwan, they cannot wait forever. They came close to catching up the US, but I don't th…

Is there any other country that ever showed anything other then upside-down U in terms of economy strength and influence. To best of my knowledge every country, empire or society rises and eventually falls. Probably the best known example is Roman empire but every other society I can think of exhibits same pattern.

Hah, good point! In the case of China they're likely to peak soon. The USA might peak much later still. The Roman empire lasted over 1000 years. I have my doubts the US can go the distance, but let's see.

Re: Meta announces hiring freeze, warns employees of restructuring

#337

Post by rurp »

Liuser wrote: post #270
passion__desire wrote: post #166

Earlier quoted context omitted.

People have stopped posting on facebook. That's the reason for increasing content from other sources.

I suspect the reason why people have stopped posting is because of increasing content from other sources. It's definitely my reason. It's a negative feedback loop.

Yep, one of the main reasons I stopped using FB many many years ago was that they made it so hard to view the posts I actually cared about, and gave the user almost no control. It was clear at least a decade ago that FB didn't care about users and just saw them as chattel to squeeze for money.

Re: Meta announces hiring freeze, warns employees of restructuring

#338

Post by dessant »

stale2002 wrote: post #301
dessant wrote: post #108

Earlier quoted context omitted.

> 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…

Ah, so it was a bad faith question all along! You only asked him his reason, so you could attack him for it. Just go and say what you really meant, instead of pretending like you had anything to contribute in the first place. That way, at least the reasonable people can see what you wrote, and hopefully get you deplatformed.

No post body was provided.

Re: Meta announces hiring freeze, warns employees of restructuring

#339

Post by loeg »

google234123 wrote: post #275
loeg wrote: post #214

Earlier quoted context omitted.

I am familiar with Meta's interviewing policy, which proscribes LC "hard" type problems. I don't know the contents of every single interview, obviously. Your interviewer(s) violated explicit policy if you were given LC hards.

In a way does it matter? The interviewers aren’t making the final decisions and the actual hiring committee aren’t stupid and should be able do some basic normalization.

I think it probably matters to the individual interviewees and also matters to the hiring committee because it reduces the quality of the hiring signal.

Re: Meta announces hiring freeze, warns employees of restructuring

#340

Post by loeg »

htrp wrote: post #321
loeg wrote: post #191

Earlier quoted context omitted.

"Active interview loops will continue," but also "we will not make any offers until the freeze is lifted." So, go figure. Edit: IC7+ is explicitly not frozen. > The only roles that will remain open are SWE IC7+, Data Center roles, and 2023 Intern, Pathway and AI STE class hiring

source?

Internally shared post. Any employee can confirm.
Post reply on HN