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Meta lays off 11,000 people

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Re: Meta lays off 11,000 people

#511

Post by echelon »

jacobsenscott wrote: post #418

The world runs on certain types of software. I doesn't run on social media, or video streaming, or "AI/ML", or search. So it doesn't actually run on FAANG companies. It is no surprise they are shedding workers when the free money runs out. But if you are willing to work on "boring software" that provides actual economic value - logistics, HR/Payroll, or really anything people actually pay to use because it boosts the…

> The world runs on certain types of software. I doesn't run on social media, or video streaming, or "AI/ML", or search. So it doesn't actually run on FAANG companies.

To the extent that the world runs on energy and industrials, you're right.

To the extent that tech soaks up human attention, directs spending and emotions, and now serves as the basis for communication and once manual mental tasks, I think you're wrong.

We're seeing that this is cyclical and that access to cheap debt has perturbed the sentiment.

Re: Meta lays off 11,000 people

#512

Post by [deleted] »

andyjohnson0 wrote: post #246

> 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…

[deleted]

Re: Meta lays off 11,000 people

#513

Post by _dan »

Loughla wrote: post #497
cnees wrote: post #455

"We’ve shifted more of our resources onto a smaller number of high priority growth areas [like] our long-term vision for the metaverse" Imagine laying off eleven thousand people so you can keep clinging to the disintegrating corpse of the metaverse.

Honestly, it is amusing to see him put so much effort into 2nd life II , but: How can you call it a disintegrating corpse when it's been in the public eye for what, a few months? I don't get it.

It is in fact the opposite of disintegrating - they only just got legs!

Re: Meta lays off 11,000 people

#515

Post by marktangotango »

Loughla wrote: post #497
cnees wrote: post #455

"We’ve shifted more of our resources onto a smaller number of high priority growth areas [like] our long-term vision for the metaverse" Imagine laying off eleven thousand people so you can keep clinging to the disintegrating corpse of the metaverse.

Honestly, it is amusing to see him put so much effort into 2nd life II , but: How can you call it a disintegrating corpse when it's been in the public eye for what, a few months? I don't get it.

Watch the Joe Rogan interview with Zuckerburg. There's a moment in there where Rogan gives Zuckerberg a reality check on it, it's hilarious.

Re: Meta lays off 11,000 people

#516

Post by achow »

> We’ve shifted more of our resources onto a smaller number of high priority growth areas — like our AI discovery engine, our ads and business platforms, and our long-term vision for the metaverse.

Conviction for Metaverse is unwavering. Hope some good comes out of it in future.

Re: Meta lays off 11,000 people

#517

Post by contravariant »

Loughla wrote: post #497
cnees wrote: post #455

"We’ve shifted more of our resources onto a smaller number of high priority growth areas [like] our long-term vision for the metaverse" Imagine laying off eleven thousand people so you can keep clinging to the disintegrating corpse of the metaverse.

Honestly, it is amusing to see him put so much effort into 2nd life II , but: How can you call it a disintegrating corpse when it's been in the public eye for what, a few months? I don't get it.

Why does it matter how long the casket's been open? If it's dead it's dead.

Re: Meta lays off 11,000 people

#518

Post by belval »

cnees wrote: post #455

"We’ve shifted more of our resources onto a smaller number of high priority growth areas [like] our long-term vision for the metaverse" Imagine laying off eleven thousand people so you can keep clinging to the disintegrating corpse of the metaverse.

I have this (maybe wrong) opinion that Meta can't be the one to bring an actual VR/Metaverse project because they are too "on the radar" of medias. Adoption of new technologies is always done by more fringe members and then picked up by critical mass. You can't successfully build a metaverse without accepting the kind of weird deviant stuff that goes on in VRChat and Meta can't accept the weird deviant stuff because they will immediately get called out for it.

So you get "Horizon" and its assortment of low-quality games that feel more like a tech demo than an actual world that you could lose yourself in.

Re: Meta lays off 11,000 people

#519

Post by yeahwhatever10 »

pavlov wrote: post #508
jacobsenscott wrote: post #418

The world runs on certain types of software. I doesn't run on social media, or video streaming, or "AI/ML", or search. So it doesn't actually run on FAANG companies. It is no surprise they are shedding workers when the free money runs out. But if you are willing to work on "boring software" that provides actual economic value - logistics, HR/Payroll, or really anything people actually pay to use because it boosts the…

Nobody watches digital video or searches for stuff online, so you should focus on payroll software? Is this career advice from a 1992 time warp?

OP is sour-grapes, saying the world doesn't run on search is an unbelievable statement in 2022.

Re: Meta lays off 11,000 people

#520

Post by vorpalhex »

Loughla wrote: post #497
cnees wrote: post #455

"We’ve shifted more of our resources onto a smaller number of high priority growth areas [like] our long-term vision for the metaverse" Imagine laying off eleven thousand people so you can keep clinging to the disintegrating corpse of the metaverse.

Honestly, it is amusing to see him put so much effort into 2nd life II , but: How can you call it a disintegrating corpse when it's been in the public eye for what, a few months? I don't get it.

Their MAUs have been declining consistently.
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