61–70 of 1001 posts
> I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go _How_ does Meta have 85,000 employees? That's an _incredible_ size of an organisation.
Yeah, I was just thinking few days ago how absurdly large Twitter's workforce seemed to be.
> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
16 + (2 * 5) = 26 In my book that is 6 month's pay
So, after Twitter and Meta layoffs there will be around 15,000 people looking for the job. In one moment. With other layoffs it can be counted over 20,000 people IMHO. Will this over flood the market and bring expectations and salaries down?
Very different roles. Also, corporate America employs millions of people, so this is not a significant percent.
> I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go _How_ does Meta have 85,000 employees? That's an _incredible_ size of an organisation.
The moderators and reviewers alone probably make the bulk of it.
> I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go _How_ does Meta have 85,000 employees? That's an _incredible_ size of an organisation.
Content moderators are mostly external contractors (AFAIK this is still true), so presumably not included in this number.
So, after Twitter and Meta layoffs there will be around 15,000 people looking for the job. In one moment. With other layoffs it can be counted over 20,000 people IMHO. Will this over flood the market and bring expectations and salaries down?
> I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go _How_ does Meta have 85,000 employees? That's an _incredible_ size of an organisation.
The moderators and reviewers alone probably make the bulk of it.
I agree. Two very different business responses between Musk and Zuck. I almost feel sorry for Zuck as we are witnessing meltdowns of two large companies in real-time. Musk just continues to dig his own grave… I feel bad for the ppl losing their jobs but that is a very generous severance package.
Meta really needs to be in the cloud business.
So, after Twitter and Meta layoffs there will be around 15,000 people looking for the job. In one moment. With other layoffs it can be counted over 20,000 people IMHO. Will this over flood the market and bring expectations and salaries down?
Anyone who tells you otherwise is living in Lalaland.
The main thing is figuring out what's the full impact. If it's 10%+ of tech workers, the golden days are over for the vast majority of tech workers.