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Meta plans thousands more layoffs as soon as this week

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

#91
post #23

Earlier quoted context omitted.

But is it really? Or did a combination of COVID-tech-mania and low interest rates just boost stock prices well above what was actually reasonable?

There definitely has been a sentiment change on meta, but I think 'COVID-tech-mania' is a poor excuse for them failing to effectively diversify.

And yet when they try to diversify to VR people say they should focus on what makes them money...

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

#92
post #82

Earlier quoted context omitted.

Normal programmers call the sort() method in their language of choice.

Call sort() to merge two sorted linked lists? (Which is what this sub-thread is discussing.)

I mean the bubblesort of a solution is to simply concentrate the two lists and call sort on the whole thing. And then move into the next ticket. If called out during code review, yell the words "premature optimization" repeatedly and then storm out.

That's for after you get the job though. During the interview you'll need to be a bit smarter and more practiced with algorithms.

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

#93
post #80

Earlier quoted context omitted.

> hiring being frozen I don't know when they made that decision but a recruiter contacted me from meta last week. I wonder how far do people go through the hiring pipeline before the "stop the engines" signal arrives. Hopefully not after the offer has been accepted.

It may continue for another few weeks after „Stop engines“ signal is received, because recruiters still have their jobs and team leads will tell them: „Let’s keep recruiting funnel warm, while I’m checking if that signal really applies to us“. Until every team with an ambitious team lead is told that they are not special and they really should stop, they may still continue at least talking to people. And some may eve…

... and what else should recruiters do? Sit there do nothing and fear being cut? Better be able to show what a pipeline you have.

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

#94
post #88

Two rounds of layoffs seems to say something that one round doesn't. You would expect that all things being equal there is never a scenario where it is better to do two cuts instead of just one. So why? a) things were much worse than realised. Maybe but it would have to be a big shock coming because Meta's general performance has held up OK, certainly nothing that would warrant this. b) HR reasons? some sort of requi…

b) and c)

It is exactly Mark’s plan. He called 2023 “the year of efficiency”, meaning that he wants to flatten the whole organization and get closer to startup velocity (and cost). He communicated this theme during performance reviews, as suggested by the article.

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

#95
post #88

Two rounds of layoffs seems to say something that one round doesn't. You would expect that all things being equal there is never a scenario where it is better to do two cuts instead of just one. So why? a) things were much worse than realised. Maybe but it would have to be a big shock coming because Meta's general performance has held up OK, certainly nothing that would warrant this. b) HR reasons? some sort of requi…

He must regret daily going for Metaverse. What a crazy move.

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

#97

Earlier quoted context omitted.

> Notice how things have gone quiet around Twitter lately. This was today: https://twitter.com/iamharaldur/status/1632843191773716481

Watching a grown man beg Elon musk for his job on a social media platform is not something I expected to ever see. It's been two weeks- if his paycheck didn't come through, he has his answer. Obviously a s-show led by Elon, but on LinkedIn especially I am seeing a lot of posts where these ex-FAANG employees, who usually score severance measured in months rather than days or weeks, and who were already raking in a $25…

> Watching a grown man beg Elon musk for his job

But that is not what is happening here at all.

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

#98
post #88

Two rounds of layoffs seems to say something that one round doesn't. You would expect that all things being equal there is never a scenario where it is better to do two cuts instead of just one. So why? a) things were much worse than realised. Maybe but it would have to be a big shock coming because Meta's general performance has held up OK, certainly nothing that would warrant this. b) HR reasons? some sort of requi…

He must regret daily going for Metaverse. What a crazy move.

I love it when megacorps misinvest billions. Opens space for a competition that didn't.

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

#99
post #88

Two rounds of layoffs seems to say something that one round doesn't. You would expect that all things being equal there is never a scenario where it is better to do two cuts instead of just one. So why? a) things were much worse than realised. Maybe but it would have to be a big shock coming because Meta's general performance has held up OK, certainly nothing that would warrant this. b) HR reasons? some sort of requi…

[deleted]

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

#100
post #85
post #74

Earlier quoted context omitted.

Twitter kinda looks like a billionaire decided to pay a ridiculous amount of money for a company, just so he could destroy the livelihoods of thousands of people less fortunate.

Or an attempt to illustrate what happens when $40 billion and a narcissistic personality disorder meets Chesterton's fence.

Very good take imho
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