Getting tired of “I take responsibility” without taking responsibility.
Meta lays off 11,000 people
271–280 of 1001 posts
Re: Meta lays off 11,000 people
#272> I got this wrong, and I take responsibility for that. As always with these things, I wonder what taking responsibility actually means in practice. Businesses usually try to find ways to correct for major failures in decision making. In the case of Zuck, given his ownership, does anything actually happen or change? I'm sure his net worth has been reduced by changes to Meta's share price, but he was a multi-billionai…
> I wonder what taking responsibility actually means in practice.
"Some of you May Die, But it's a Sacrifice I am Willing to Make" - Lord Farquaad
Re: Meta lays off 11,000 people
#273> I got this wrong, and I take responsibility for that. As always with these things, I wonder what taking responsibility actually means in practice. Businesses usually try to find ways to correct for major failures in decision making. In the case of Zuck, given his ownership, does anything actually happen or change? I'm sure his net worth has been reduced by changes to Meta's share price, but he was a multi-billionai…
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Re: Meta lays off 11,000 people
#274IMO the Zuck just gave Elon a lesson on how to be a grownup CEO.
Elon is a fake person created by VCs to fulfill their goals.
i would never trust Elon's word and he has some big flaws as a person but his goals are so ambitious and risky, small thinking VC's would never invest in those , all VC's want are relatively safe software (SAAS) companies.
Re: Meta lays off 11,000 people
#275I'm old and this is the third time around for these sorts of layoffs in tech. (Was around for dot-com bust of 2000-ish and financial meltdown post-2008.) One thing you want to keep in mind is that decent severance packages are usually only a thing for the FIRST round of layoffs. There will be more, and the payouts will be a LOT worse. Just, FYI.
I'm close to deciding to go back to University to get some additional education that's likely to improve my work in the future. I can afford it without any salary. Based on your experience, do you think this is the right moment to do so? I'm employed at the moment.
Re: Meta lays off 11,000 people
#27616 weeks of base pay + 6 months of health insurance and everything else, looks like a decent severance package at least. This seems better handled than Twitter's layoffs.
Musk only authorized 3 months' severance to substantiate the 90 days needed to prevent being sued into oblivion. The man is going to do the bare minimum for his employees to recoup his loss in making the acquisition.
Re: Meta lays off 11,000 people
#277Getting tired of “I take responsibility” without taking responsibility.
Could you highlight in detail how responsibility wasn't taken in your opinion and which parts of the text we've all read highlights that?
Re: Meta lays off 11,000 people
#278Did they hire 11k people during the pandemic? If not then the given reason for the layoffs are clearly not the full story.
Head count had been around 40k in 2019.
Wow so they increased their head count by more than double? How do you even onboard 44.6k people in 3 years? No wonder that they weren't very productive.
Re: Meta lays off 11,000 people
#279> 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.
It's huge but meta is one of the 50 biggest companies in the world so having so many people isn't very surprising.
Re: Meta lays off 11,000 people
#280Is it better for Google and Amazon to try recruiting this available talent straightaway or keep waiting?
what makes you think those orgs aren't bloated as well ?