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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

#121
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…

> Mark wants to go all in AI instead of Metaverse

I see no evidence of that. The recent announcements are at best a re-org, or worse a cleanup of three+ reorgs where FAIR and others were subsumed into RL-R.

It is clear that The Meta leadership doesn't really understand what they are doing. The first cut I suggest was designed to send a message to investors that meta is "serious" about something. I assume that this second cut is because not enough people left of their own accord.

However none of this is actually a change in strategy. Where are the product changes? where is the announcement of key priorities for the different Apps? are they going to start putting users first? or just add more shit into each app until something sticks?

The key problem Meta has is that they only have one effective leader: zuck. Everyone else appears to be underwhelming.

Boz: arrogance personified. None of the misteps in the last 4 years are ever his fault. It was market forces that meant that raybans failed, rather than releasing them before they were finished. the quest pro didn't sell, not boz's fault. The market wasnt ready for a capable device with absolutely no software support for the new features. Want to join your friend in a VR game? sure! just perform 15 clicks and wait 7 minutes. No not those clicks, no you need to press the hidden sub menu silly! Oh, no, remember you need to have an OS update first. 10 minute update tax!

Mosseri: Pivoting Instagram to video, because tiktok. just push push push. Oh wait our cash cow users are pissed off, ok, roll back. "there was no way to forsee this problem" despite everyone telling them it was a horrid user experience.

Blue app: Lets just push random shit into your stream, don't worry we'll roll out the user controls next half. Don't like the content? tough my metric is to get more shit in your feed, if you don't like it, its not my job to fix it, thats someone elses.

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

#122
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.

It takes a certain kind of cold detatchment to hire 5,000-10,000 people to r&d and build the foundation of your next big thing - drain every ounce of life out of them then discard them on the heap a couple of years later.

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

#123
post #118

Earlier quoted context omitted.

> 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...

Most people would say they HATE this future, but most people would LOVE this future. As passive infotainment consumers, stereotypical scroolers, they are already glued to TikTok, Instagram, Facebook, reddit and whatever other digital dopamine dispenser and skinner box there. Significantly improve on that with pleasant, increased or even full immersion and you got the next big thing.

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

#124

Earlier quoted context omitted.

> 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.

People loved Steve Jobs though whereas people hate Mark.

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

#125

Earlier quoted context omitted.

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.

It takes a certain kind of cold detatchment to hire 5,000-10,000 people to r&d and build the foundation of your next big thing - drain every ounce of life out of them then discard them on the heap a couple of years later.

The hundreds of thousands of dollars he paid every single one of them must have been just an awful experience for the people he “drained dry”.

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

#126
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…

HR reasons are more common than you'd think. There's only so much HR and legal power to go around and it sometimes is easier to plan layoffs in multiple stages, rather than go for one big one.

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

#127

many industries (legal etc) were more productive during covid (WFH), wondering if employee productivity analysis over the lockdown period led to drastic staff reduction. makes little-to-no sense otherwise to lay off staff en mass as the economies open up, takes ages to re-hire. look at Aviation or Hospitality industries, how they struggled to rehire to keep-up with customer demand when lockdown ended.

You're only looking at it on one dimension though - Covid and economies opening up aren't all the factors to consider here. Meta need to think about investor sentiment, interest rates, any changes in the advertising space, the social media landscape, growth/decline in the number of users, engagement of existing users, their company's reputation, plans to expand into new products etc.

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

#128

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.

Comments are saying that's not a fair comparison, but you're completely on point.

Hardware isn't there yet for cheap, good looking standalone vr. Meta investing in that was a mistake. Instead of people being in awe when experiencing something like the PS5 VR, the "meta verse" (horizon worlds) became literally a meme because of the atrocious graphics.

There are better looking quest games than horizon worlds, but still.

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

#129

Earlier quoted context omitted.

Unlike Facebook, Sony is a hardware company that basically makes everything. If Sony wants to spit out the best VR headset they can just call up their display division, camera division, sensors division, design division and put into a single device the bleeding edge and expertise of each one of them. Facebook on the other hand is left to toy with less stellar and more commercial offerings and does not have the histor…

>Facebook on the other hand is left to toy with less stellar and more commercial offerings I'm not sure what your point is when the PS VR2's optics are not as good as Facebook's. The PS VR2 while OLED suffers from mura and brightness issues. The amount of mura is inconsistent and can be pretty bad on some headsets. Since the panels can not get bright enough Sony is leaving the displays on longer which trades off incr…

Are you comparing it to the quest pro?

I haven't tried the vr2, but everybody I've seen that tried it said it was better than the index, and much better than the quest 2.

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

#130
post #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…

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