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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

#361
post #360
post #323

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3 years is deceptive - in an exponentially growing company, the majority of employees are fresh, pushing the average tenure low. The relevant number is "length of tenure at time of severance", which I believe skews much higher. Any company seeing 30% churn is having a bad, bad time.

“Length of tenure at time of severance” That is such a better metric, why is this not used more often

It has its own almost-opposite problem in only counting employees who did leave.

Re: Meta announces hiring freeze, warns employees of restructuring

#362

Earlier quoted context omitted.

I'd bet those people only use cars when needed. Nobody will go cruising on a puke machine. And we never need Oculus for anything. That's a big difference.

*for you.

for most people, I'd posit.

Very few people need oculus/VR, while a lot people need cars. Possibly a lot more like 10000x

Re: Meta announces hiring freeze, warns employees of restructuring

#363
post #281

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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.

There's a big difference between "eventually country X will fall," and "country X will start to decline in the next decade."

Re: Meta announces hiring freeze, warns employees of restructuring

#364
post #280

Earlier quoted context omitted.

Our CPIs have been absurd ever since the privacy changes. Meta is fucked and I don’t think people realize how much of an effect this is going to have on the entire internet. There are large downstream effects the iOS privacy changes are having on mobile advertising and the viability of companies that rely on mobile programmatic to bring people in the door.

Somehow businesses marketed effectively before individualized ad tracking. I don’t think the world is going to end.

Less business were able to. Personalized ads makes it so that more businesses are viable.

Re: Meta announces hiring freeze, warns employees of restructuring

#365

Earlier quoted context omitted.

document.getElementById??

That's the DOM API.

It was hypothesized that querySelector was not available, not that the entire DOM API was not available. However, if we suppose that the entire DOM API was not available, there would no way to access the HTML nodes so no algorithm is going to save you anyway.

Re: Meta announces hiring freeze, warns employees of restructuring

#366
post #130

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Actually, that's a real thing advertisers DO want. It's called retargeting.

> that's a real thing advertisers DO want I think GP is talking about a more specific thing, and it's one I experience all the time too: that I'll visit a website briefly one time, by accident, or to satisfy some curiosity, or look up the specifications on something I already own, or to get a link to send to a friend, or whatever other non-purchase reason, and then get shown ads for their thing over and over and over…

Exactly what I’m saying. I clicked or expanded something out of momentary curiosity. Maybe the ad was provocative or mysterious and I wanted to see what the deal was.

Step two, I get retargeted. That’s fine and expected.

Step three, I get retargeted. Again. And again…and again.

What I don’t understand is how Meta/Instagram can’t figure out at least a little bit sooner that I was clearly just satisfying my curiosity and now every time I see the same ad I scroll by extra fast or otherwise interact in ways that should indicate disinterest.

Re: Meta announces hiring freeze, warns employees of restructuring

#367

Earlier quoted context omitted.

Who in their right mind would buy a Facebook phone, considering the neverending security issues, data leaks and total disregard for user privacy?

I would've loved a basic FB integrated tablet for my parents. Something that had easy video chat for the kids. This would have worked really well with the friend graph. My options both on Android and iOS leave a lot to be desired.

The Meta Portal is exactly what you want. The hardware is actually pretty nice.

Re: Meta announces hiring freeze, warns employees of restructuring

#368

Earlier quoted context omitted.

On the contrary. We're not complacent. The Fed is raising rates, like it should be. Its a known fact that the Fed Rate takes months, maybe years, before its effects propagate through the economy. The 2.25% raise in just a few months is the steepest increase in decades, one of the most proactive moves ever done. -------- But we as a society need to also be proactive and understand what this means. It means higher mort…

I'm referring to the complacency of the last 10 years, when every time the fed even muttered about raising rates they caved to Wall St panics and politics. Those super low rates are primarily responsible for everything from the insane wealth inequality we've developed over the last 10 years to housing becoming largely unaffordable to people losing their shirts gambling on bitcoin. What kept inflation at 2% was a perf…

How do low rates lead to wealth inequality?

Re: Meta announces hiring freeze, warns employees of restructuring

#369
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…

Going by the current inflation and unemployment trends, the economy won't stabilize for a year at the very least. We have a very difficult situation. Inflation is high, unemployment is low. In 2008, we had low inflation and high unemployment, but not this time. So, with the tightening of interest rates, unemployment has to go high. With unemployment increasing, prices of goods will fall due to decrease in demand. At…

The low inflation and high unemployment in 2008 came after Fed tightening took effect and the recession was in full force.

We'll almost certainly see the same thing this time within the next year.

The Fed let employment velocity and unemployment go far too low to avoid a severe recession. They should have started tightening far earlier

Re: Meta announces hiring freeze, warns employees of restructuring

#370

Earlier quoted context omitted.

Somehow businesses marketed effectively before individualized ad tracking. I don’t think the world is going to end.

Less business were able to. Personalized ads makes it so that more businesses are viable.

Apple is a private company, they decided to limit the current mechanism through which adtech tracked people, and if people dislike it they can switch to more advertising-friendly devices. What I like about the current situation is everything is done freely - no law was passed to make Apple do it, nor make Meta use it.

As consumers start understanding exactly how adtech works - and such education took decades - they are freely choosing devices that limit tracking, and when given the option to opt-out, are opting out at extremely high numbers. This tells you something about what consumers want.

Businesses would be more viable if they learned to market through mechanisms that were less distasteful to consumers.

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