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Meta reportedly plans more job cuts

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Re: Meta reportedly plans more job cuts

#51

Post by flangola7 »

pixard wrote: post #48
viraptor wrote: post #43

Earlier quoted context omitted.

What do you mean? It's added because that's what happened. You'll also find lots of articles if you google "company spokesperson said". It's far from meaningless when there's no response.

How much time passed between reaching out and publishing the article? Who decides how much time is "enough"? You could technically send out an email, and then immediately publish the article. After all a few seconds passed with no reply... Because of this the line is meaningless (to me at least).

> How much time passed between reaching out and publishing the article?

Presumably the normal amount of time? Do you think journalists just go publishing things haphazardly? I get the feeling you have no experience in the world of reporting.

Re: Meta reportedly plans more job cuts

#52

Post by civicsquid »

karmakurtisaani wrote: post #49
ttyyzz wrote: post #36

In our large company, we often had a consulting firm that advised us in difficult times. Bottom line, they said that they think the company needs to deeply breath out and then breathe in again. After the severance payments, we were always urgently looking for people. For me, that was always proof that the managers had failed. But a disproportionately small number of managers had to leave the company.

I think a big factor in these layoffs is to signal the market that the companies are "cutting fat". The market gets the signal, stock price goes up and the board of directors eases the pressure on the CEO. After this the company can resume business as usual, which will require quietly hiring to fill the needed positions.

At least in the case of Meta / Facebook, I don't think there is any pressure on the CEO.

Zuckerberg owns controlling interest over the company to the point where the board of directors are essentially advisory. I believe I read that he owns over 75% of Class B shares, for which he gets 10 votes for every 1 vote that a regular Class A voter gets.

That's a lot of power. This has allowed the company to ignore Wall Street in the past, which makes me think he's not suddenly concerned about Wall Street now. Whatever Zuck does is really his choice and responsibility.

Re: Meta reportedly plans more job cuts

#54

Post by kingkongjaffa »

dustedcodes wrote: post #50

Meta is one of the few companies where the job cuts really make sense. I mean, they have not a single product which is basically not on a steep dying path. Facebook will be gone as soon as the boomer generation will fall like dominoes. Instagram is slowly dying amongst millennials and the Metaverse has already been largely rejected by users before it even took off. If Meta didn't own WhatsApp then I think most people…

> Instagram is slowly dying

Is it?

I thought it was still the premiere place for virtually all segments of product and lifestyle influencing.

Rough thesis:

The kids on TikTok don’t have money to buy $fancy thing.

But the adults on Instagram do.

Re: Meta reportedly plans more job cuts

#55

Post by duud »

dustedcodes wrote: post #50

Meta is one of the few companies where the job cuts really make sense. I mean, they have not a single product which is basically not on a steep dying path. Facebook will be gone as soon as the boomer generation will fall like dominoes. Instagram is slowly dying amongst millennials and the Metaverse has already been largely rejected by users before it even took off. If Meta didn't own WhatsApp then I think most people…

2.96 billion people remember that the company exists on a daily basis. Meta did more than three times TikTok's reported total 2022 revenue in Q4 alone.

https://s21.q4cdn.com/399680738/files/doc_financials/2022/q4...

Re: Meta reportedly plans more job cuts

#56

Post by [deleted] »

dustedcodes wrote: post #50

Meta is one of the few companies where the job cuts really make sense. I mean, they have not a single product which is basically not on a steep dying path. Facebook will be gone as soon as the boomer generation will fall like dominoes. Instagram is slowly dying amongst millennials and the Metaverse has already been largely rejected by users before it even took off. If Meta didn't own WhatsApp then I think most people…

[deleted]

Re: Meta reportedly plans more job cuts

#57

Post by newfriend »

flangola7 wrote: post #51
pixard wrote: post #48

Earlier quoted context omitted.

How much time passed between reaching out and publishing the article? Who decides how much time is "enough"? You could technically send out an email, and then immediately publish the article. After all a few seconds passed with no reply... Because of this the line is meaningless (to me at least).

> How much time passed between reaching out and publishing the article? Presumably the normal amount of time? Do you think journalists just go publishing things haphazardly? I get the feeling you have no experience in the world of reporting.

And I suspect you've spent too much time in the world of reporting if you think that journalists are some paragons of truth and honesty.

Re: Meta reportedly plans more job cuts

#58

Post by RichEO »

flangola7 wrote: post #51
pixard wrote: post #48

Earlier quoted context omitted.

How much time passed between reaching out and publishing the article? Who decides how much time is "enough"? You could technically send out an email, and then immediately publish the article. After all a few seconds passed with no reply... Because of this the line is meaningless (to me at least).

> How much time passed between reaching out and publishing the article? Presumably the normal amount of time? Do you think journalists just go publishing things haphazardly? I get the feeling you have no experience in the world of reporting.

Having been on both side of press like this “immediately” means a couple of hours at most. Sometimes it means “I spoke to someone, they said they’d come back to me, but I didn’t want to wait”.

I’ve seen cases where emails are sent outside of work hours on a Friday/Weekend so the journalist can claim that the subject “did not respond to repeated requests for comment” on Monday morning.

Journalists often have a story they want to tell. They intentionally arrange things to support their story.

Re: Meta reportedly plans more job cuts

#59

Post by oblio »

dustedcodes wrote: post #50

Meta is one of the few companies where the job cuts really make sense. I mean, they have not a single product which is basically not on a steep dying path. Facebook will be gone as soon as the boomer generation will fall like dominoes. Instagram is slowly dying amongst millennials and the Metaverse has already been largely rejected by users before it even took off. If Meta didn't own WhatsApp then I think most people…

> Facebook will be gone as soon as the boomer generation will fall like dominoes.

Mr. Soapbox, freaking Yahoo isn't dead and you think Facebook will be gone :-) Heck, Borland IDEs are still around.

Facebook (the social media network) will be around in some form or another long after my kids are gone.

You don't go from having several billion users to 0 in anything less than a lifetime, because you know what, that network is probably profitable even with 10-50 million people and if Meta doesn't want it, someone will ask them to spin it off and sell it to them.

Successful software rarely dies, successful networked dies even harder and slower.

Re: Meta reportedly plans more job cuts

#60

Post by atominte »

oblio wrote: post #59
dustedcodes wrote: post #50

Meta is one of the few companies where the job cuts really make sense. I mean, they have not a single product which is basically not on a steep dying path. Facebook will be gone as soon as the boomer generation will fall like dominoes. Instagram is slowly dying amongst millennials and the Metaverse has already been largely rejected by users before it even took off. If Meta didn't own WhatsApp then I think most people…

> Facebook will be gone as soon as the boomer generation will fall like dominoes. Mr. Soapbox, freaking Yahoo isn't dead and you think Facebook will be gone :-) Heck, Borland IDEs are still around. Facebook (the social media network) will be around in some form or another long after my kids are gone. You don't go from having several billion users to 0 in anything less than a lifetime, because you know what, that netw…

> Successful software rarely dies, successful networked dies even harder and slower.

Please follow me on MySpace and make a cool post on digg ;-)

However, I agree with you that Facebook will be around for a long time.

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