Live data from Hacker News

Meta plans thousands more layoffs as soon as this week

bloomberg.com

51–60 of 368 posts

Re: Meta plans thousands more layoffs as soon as this week

#51

I tried the new PS5 VR2. It’s definitely better than Oculus Quest. Makes you wonder what Facebook has been doing with all those billions spent on VR when Sony is able to produce a better product with a fraction of the investment.

How is it even a comparison? Meta Quest 2 costs $400 and runs fully standalone. PS5 VR2 costs $550 and has to be plugged into a $500 gaming console. Compare it to a Quest Pro (at $1000, so still cheaper) and it’ll be a different story.

Re: Meta plans thousands more layoffs as soon as this week

#52
post #22

Earlier quoted context omitted.

Not surprising really. Cultural problem. Sony = decades of experience on gaming hardware and games (and everything else) Meta = decades of experience running a/b tests on a website and copying features to sell ads (and acquiring few mobile apps to run more a/b tests)

Meta hired people that specifically had experience in hardware, wearables, and games for this big bet. Sure, you can say that maybe Meta's infrastructure is in it's infancy in this field, but so is everyone else's because, quite literally, Meta was the only (big) player in this field in the first place.

Meta hired them and required them to fit into Meta's culture

Re: Meta plans thousands more layoffs as soon as this week

#53

I tried the new PS5 VR2. It’s definitely better than Oculus Quest. Makes you wonder what Facebook has been doing with all those billions spent on VR when Sony is able to produce a better product with a fraction of the investment.

You might not like it but they are squeezing out an impressive amount of features out of the limited mobile chipset.

Any kind of roomscale type of game or shared spaces type of game is going to be a nightmare being tethered.

Something like that will be impossible altogether

https://www.reddit.com/r/virtualreality/comments/11iht0l/do_...

Re: Meta plans thousands more layoffs as soon as this week

#54
post #22

Earlier quoted context omitted.

Not surprising really. Cultural problem. Sony = decades of experience on gaming hardware and games (and everything else) Meta = decades of experience running a/b tests on a website and copying features to sell ads (and acquiring few mobile apps to run more a/b tests)

Meta hired people that specifically had experience in hardware, wearables, and games for this big bet. Sure, you can say that maybe Meta's infrastructure is in it's infancy in this field, but so is everyone else's because, quite literally, Meta was the only (big) player in this field in the first place.

Except Meta also filtered with the same filters they used to form an engineering org around serving ads.

I have pretty extensive experience in the embedded Android space and have worked on products everyone here knows, Meta reached out to me very excitedly, and when I let the recruiter know I don't do Leetcode they assured me the coding phone screen was a merely a formality and I'd do great.

It took all my willpower not to leave the moment the interviewer dropped some generic LC merge sorted lists problem, though I don't think I did was that much better their eyes (poked at it for about all of 5 minutes, called it, and asked them some questions)

They actually tried to set me up with a second phone screen but I declined, even on the principle of it, I don't like working at places that filter by LC. In cutting edge stuff like wearables especially, I'm sure you'll find a ton of people with no time for jumping through LC circus. I'm sure I could take a few months and grind out those problems in my sleep (or rather I've been told that), but I'd rather work on interesting and novel things.

Re: Meta plans thousands more layoffs as soon as this week

#55

I wonder what effects this uncertainty will have on an organizational system. With multiple rounds of layoffs, talks of 'flattening', projects being cancelled, internal transfers being frozen, hiring being frozen, when does an organization finally become 'healthy' again? When are the right people in the right places making the right decisions again? Does an organization that has so much capital need to even care abou…

In 2022 their core business made 27 billion with 5 billion revenue if advertising income falls by ~12% ((27-24)/27) they are no longer profitable. https://ichef.bbci.co.uk/news/976/cpsprodpb/A421/production/... Haven't touched their platforms for years. User base in the USA keeps declining. They need to cut expenses.

In Q3 2022 they made about $4.4B net profit on revenues of $27B.

Across the whole of 2022, it was $23B net profit on $117B revenue.

Not sure what you mean by “core business”. About 97% ($113B) of their revenue comes from advertising on Facebook, and half of that is in the US.

Re: Meta plans thousands more layoffs as soon as this week

#56

Earlier quoted context omitted.

Meta hired people that specifically had experience in hardware, wearables, and games for this big bet. Sure, you can say that maybe Meta's infrastructure is in it's infancy in this field, but so is everyone else's because, quite literally, Meta was the only (big) player in this field in the first place.

Except Meta also filtered with the same filters they used to form an engineering org around serving ads. I have pretty extensive experience in the embedded Android space and have worked on products everyone here knows, Meta reached out to me very excitedly, and when I let the recruiter know I don't do Leetcode they assured me the coding phone screen was a merely a formality and I'd do great. It took all my willpower…

merging sorted lists is not a leetcode nightmare interview question though, if you can't manage it in an interview, chances are you can't program very well IMO

Re: Meta plans thousands more layoffs as soon as this week

#57
post #28

I tried the new PS5 VR2. It’s definitely better than Oculus Quest. Makes you wonder what Facebook has been doing with all those billions spent on VR when Sony is able to produce a better product with a fraction of the investment.

By what measure? The headset is tethered, bulkier, more expensive, came out two years later and only has slightly higher resolution. It's good and I expect it to do well but it's not definitely better.

Yes, tethering simplifies a lot. Quest works with tethering better, but it does work without the cables with many games. And it took Meta like almost two years to optimize the wireless driver to make things really work.

And given how terrible Sony has been with software, it was not surprising that they skipped the wireless option.

Re: Meta plans thousands more layoffs as soon as this week

#58

I wonder what effects this uncertainty will have on an organizational system. With multiple rounds of layoffs, talks of 'flattening', projects being cancelled, internal transfers being frozen, hiring being frozen, when does an organization finally become 'healthy' again? When are the right people in the right places making the right decisions again? Does an organization that has so much capital need to even care abou…

Yes they do. The trick is not throwing out the baby with the bath water. Elon Musk got a lot of criticism for how he handled layoffs at Twitter. But he did provide clarity and then ripped off the band aid. Notice how things have gone quiet around Twitter lately. IMHO, it wasn't nice but what remains is probably a healthier organization and a fairly stable team. A lot of people left in the process and that was always going to need to happen. But what remains seems to keep things going and they can now think about a future and work on that. He could have done it in a more respectful way. But doing it quickly was actually not a bad thing.

Facebook is dragging it out and people are unhappy. Having seen this from the inside, when companies are going through a lengthy process of repeated layoffs, people get nervous and lose trust in management being on top of things (because they obviously aren't). At some point people just start leaving by themselves instead of awaiting the next round. Or worse, they mentally check out and patiently wait for the compensation that comes with their layoff. Either way, they stop being productive team members. This creates a toxic situation that is hard to recover from.

IMHO Facebook should be more decisive and rip off the band aid a bit faster. They have a staffing problem. Too many people that were added that aren't delivering whatever Facebook had in mind. They are spending billions on things that aren't working very well. And throwing more money at the problem has stopped working. It's just costing them more money to do the same things they were doing.

Re: Meta plans thousands more layoffs as soon as this week

#59

Earlier quoted context omitted.

Meta hired people that specifically had experience in hardware, wearables, and games for this big bet. Sure, you can say that maybe Meta's infrastructure is in it's infancy in this field, but so is everyone else's because, quite literally, Meta was the only (big) player in this field in the first place.

Except Meta also filtered with the same filters they used to form an engineering org around serving ads. I have pretty extensive experience in the embedded Android space and have worked on products everyone here knows, Meta reached out to me very excitedly, and when I let the recruiter know I don't do Leetcode they assured me the coding phone screen was a merely a formality and I'd do great. It took all my willpower…

Who are you trying to convince?

Re: Meta plans thousands more layoffs as soon as this week

#60

I wonder what effects this uncertainty will have on an organizational system. With multiple rounds of layoffs, talks of 'flattening', projects being cancelled, internal transfers being frozen, hiring being frozen, when does an organization finally become 'healthy' again? When are the right people in the right places making the right decisions again? Does an organization that has so much capital need to even care abou…

Yes they do. The trick is not throwing out the baby with the bath water. Elon Musk got a lot of criticism for how he handled layoffs at Twitter. But he did provide clarity and then ripped off the band aid. Notice how things have gone quiet around Twitter lately. IMHO, it wasn't nice but what remains is probably a healthier organization and a fairly stable team. A lot of people left in the process and that was always…

> Notice how things have gone quiet around Twitter lately.

This was today: https://twitter.com/iamharaldur/status/1632843191773716481

Post reply on HN