301–310 of 1001 posts
Sorry for all the people who’ve lost their jobs, but I’m excited to see the awesome world-changing stuff they’ll make now that they’re not spending their time building FB/Instagram.
> At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. This is very similar to the Stripe layoff memo at https://…
Edit: Linkedin shows 300k jobs available in the us for the term "software engineer". I like to think and hope that things will be fine for those laid off.
I'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.
If you’re going because you think it’ll give you better work opportunities later, I suggest thinking carefully about that. You’re already in your field. Even if you’re in an adjacent field but still in tech, you can usually transition — I’ve been a gamedev, worked in finance, been a pentester, and now I do ML. The question of whether I had a degree came up exactly once, very early in my career.
Academia can be a good fit if you’re going for the right reasons. Make sure you research what life is like at that university, and plan out what you hope to get from it and where you want to be five years from now.
> At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. This is very similar to the Stripe layoff memo at https://…
> Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended Who predicted this? The general consensus among folks I know was that the economy was in for an ass blasting once the pandemic supports were removed.
I mean, they probably believed what they wanted to believe, but that’s a very human failing.
I'd like to highlight this quote from the statement: > and ads signal loss have caused our revenue to be much lower than I’d expected Apple decisions + EU regulations?
What is the link between Apple introducing new rules to nerf tracking and Meta making less money?
I guess less tracking means less relevant ads. Are Meta's customers able to somehow evaluate this and are they now unwilling to spend as much money on advertising with them? Or is it that Meta now has lower click-through rates on iOS? Is there something else?
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?