571–580 of 1001 posts
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…
> HR
I think that's a major inefficiency in modern corporations. Executives are the last to face consequences when they make a bad decision.
"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.
Well, they missed the boat being a platform on mobile or desktop. So, now they have Apple/Google dictating terms to them. They are really desperate to own the next big thing. Whether that'll be VR, who knows.
Facebook ("Meta") made $46.7 Billion in Profit in 2021. They have $42 Billion in cash. If the average engineer is paid $150k then these 11k people would cost the company 150,000 x 11,000 = 1,650,000,000 ($1.6 Billion/year) Mark Zuckerberg could _easily_ afford to keep these people employed and focus their efforts towards improving the safety of the platform e.g: stopping Human Trafficking, Drug Dealing and Child Abus…
> 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
"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…
What examples are you thinking of? Did this happen with the PC or smartphone?
Why didn’t I reply? Several reasons, but importantly because if you can’t say anything nice sometimes it’s best not to say anything at all.
"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 recently left my well paying job in a startup to pursue my hobbies for a few months. Now I am looking for a job again. I wonder how will I find a job with so many Meta and Twitter engineers flooding the market :/ PS: I have only worked with startups including a YC startup.