Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Meta plans thousands more layoffs as soon as this week

bloomberg.com

Post reply on HN
Print view View original

111–120 of 368 posts

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

#111

Post by Traubenfuchs »

robertlagrant wrote: post #95
zmmmmm wrote: 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.

> What a crazy move.

Not at all! Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long. But the real life, physical technology is just not here yet (maybe it's impossible and never will be), the software they invented for their lacking headsets is disgustingly bad (Horizon Worlds) and there is no nameworthy content.

I assume his advisors and tech leads all pulled the wool over his eyes and sold him their lofty dreams as tangible reality.

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

#112

Post by rob74 »

Somehow the phrase that struck me as most absurd from the whole article was:

> Some employees expressed worry about whether they’d receive their bonuses, which are set to be distributed this month, if they lose their jobs beforehand

I would have thought, if you get a bonus, you are a valued employee and safe from layoffs? So getting a bonus despite being fired should be out of the question?

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

#113

Post by brianshaler »

robertlagrant wrote: post #95
zmmmmm wrote: 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.

It's easy with the benefit of hindsight to say a bold investment that didn't pan out was a crazy move.

In this case, it was also easy to say it was a dumb idea contemporaneously.

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

#114

Post by Traubenfuchs »

saiya-jin wrote: post #75
discordance wrote: post #40

Earlier quoted context omitted.

I've noticed more uncertainty, less comradery, a general malaise, lack of motivation and a lot less trust in the organization. A very very different feeling to a year ago.

Sounds like faangs are becoming more like banking environment where few % layoffs are often happening few times a year. It still sucks to be the one affected and over time it sucks out a lot of positive energy

In my country, big national banks IT jobs are one of the last bastions of "potential forever job".

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

#115

Post by aleksiy123 »

rob74 wrote: post #112

Somehow the phrase that struck me as most absurd from the whole article was: > Some employees expressed worry about whether they’d receive their bonuses, which are set to be distributed this month, if they lose their jobs beforehand I would have thought, if you get a bonus, you are a valued employee and safe from layoffs? So getting a bonus despite being fired should be out of the question?

Everyone gets a bonus. It's part of your comp. But usually there is a multiplier based on perf.

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

#116

Post by robertlagrant »

Traubenfuchs wrote: post #111
robertlagrant wrote: post #95

Earlier quoted context omitted.

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

> What a crazy move. Not at all! Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long. But the real life, physical technology is just not here yet (maybe it's impossible and never will be), the software they invented for their lacking headsets is disgustingly bad (Horizon Worlds) and there is no nameworthy content. I assume his advisors and tech leads all pulled the wool over…

From what I understand, he would like to be remembered similarly to Steve Jobs, as an inventor of the future. I think this was his way of doing that.

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

#117

Post by Traubenfuchs »

arda_demirtas wrote: post #76
saagarjha wrote: post #60

Earlier quoted context omitted.

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

I hate the attitude, the language and the fact that these people are running this world. "Approved, you go ahead" Just drains my energy and hope for the future.

I wonder what he thinks people think about him when they read this real life satire? There is an employee who doesn't know if he got fired or not and the CEO of his company now publicly wants him to explain what kind of work he was doing. Nobody even knows why: Will Elon decide whether this guy will be fired for real or get back his work pc access depending on his answers? Why is there no company internal way for Elon to figure out what someone does? Why does Elon engage publicly?

This is stunningly bizarre and such a bad look, the definition of a "shitshow".

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

#118

Post by rob74 »

Traubenfuchs wrote: post #111
robertlagrant wrote: post #95

Earlier quoted context omitted.

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

> What a crazy move. Not at all! Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long. But the real life, physical technology is just not here yet (maybe it's impossible and never will be), the software they invented for their lacking headsets is disgustingly bad (Horizon Worlds) and there is no nameworthy content. I assume his advisors and tech leads all pulled the wool over…

> Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long

When I read this phrase, the spaceship from Wall-E comes to mind. But in reality, it would probably look a little bit more dystopian than what Pixar imagined...

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

#120

Post by ivan_gammel »

johannes1234321 wrote: post #93
ivan_gammel wrote: post #89

Earlier quoted context omitted.

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.

It depends on organization, but in-house recruiters do not always have to interview people for specific positions. Employer branding, acquiring leads through meetups and conferences can also be part of the job.
Post reply on HN