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Meta plans thousands more layoffs as soon as this week

bloomberg.com

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

#131

Post by Traubenfuchs »

peanuty1 wrote: post #124
robertlagrant wrote: post #116

Earlier quoted context omitted.

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.

He failed to produce his own brand. The only thing that comes to mind when anyone thinks about Mark is "Facebook scandals", "looks, moves and talks like a reptiloid/robot" and "the mataverse that no one wanted failure (no legs!)". I bet he wishes he would have been what Elon Musk was, someone with pretty much his own cult. Elon Musk still has his cult followers and online knights despite his increasingly erratic behavior and general unpleasantness.

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

#132

Post by elforce002 »

KaiserPro wrote: post #121
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…

> 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 se…

On Instagram: they'll discontinue ig live shopping, which is at least some good news.

Fb: I've been out of it and the reality is millennials and gen z won't be joining it. They know that.

Their only bet is to lobby congress to ban tiktok.

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

#133

Post by boycott-israel »

throwawaylinux wrote: post #90
arda_demirtas wrote: post #76

Earlier quoted context omitted.

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 think Musk is a breath of fresh air from the sterile, managed, corporate-speak drones. He already proved a lot of... "experts" wrong about the imminent implosion of twitter after he got rid of a bunch of people. I'm very interested to see how things go in the next few years. Here's his side of the story on that. https://twitter.com/elonmusk/status/1633011448459964417 I have worked in companies with a lot of dead wo…

Are you somehow unaware of the regular reliability issues (6 incidents in 2023 alone), downtime, collapse in revenue, advertisers erosion of trust, etc?

Personally, I couldn't classify that as 'operational' - but maybe I just have high standards and expectations

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

#134

Post by mandeepj »

berkle4455 wrote: post #37
Animats wrote: post #26

How many people are quitting?

Why would someone quit in this scenario when they can just as easily get paid multiple months of severance with benefits?

> Why would someone quit in this scenario

They might have another offer lined up!

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

#135

Post by senttoschool »

shapefrog wrote: post #122
super256 wrote: post #94

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.

Like many tech companies during zero interest rates, they over hired and did not anticipate interest rates going up so fast. At least these employees probably made a ton of money.

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

#136

Post by ChatGTP »

elforce002 wrote: post #132
KaiserPro wrote: post #121

Earlier quoted context omitted.

> 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 se…

On Instagram: they'll discontinue ig live shopping, which is at least some good news. Fb: I've been out of it and the reality is millennials and gen z won't be joining it. They know that. Their only bet is to lobby congress to ban tiktok.

Instagram has gotten to the point where I just have absolutely no interest to continue using it.

Mostly it feeds me soft porn, and my friends have kind of posted the same things over and over, which has become kind of boring. Food pics, workout pics, whatever.

It's gotten to the point where I'm just actually bored with the platform in general, not necessarily the content.

Facebook, I just have zero interest in going anywhere near it, it's so, so, so boring.

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

#137

Post by ChatGTP »

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.

I think what would be awesome is if he just opened it all right up, the specs, the hardware, the whole thing. It would spur a bunch of hackers and cool innovation.

Without doing something like this, I don't think it will go far.

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

#138

Post by i67vw3 »

elforce002 wrote: post #132
KaiserPro wrote: post #121

Earlier quoted context omitted.

> 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 se…

On Instagram: they'll discontinue ig live shopping, which is at least some good news. Fb: I've been out of it and the reality is millennials and gen z won't be joining it. They know that. Their only bet is to lobby congress to ban tiktok.

>Their only bet is to lobby congress to ban tiktok.

Good point, the only way for 'Meta' shares to go up and for investors to have some confidence in 'Meta' is by Tiktok being banned in US (and other western countries like EU, Canada etc).

Automatically, the advertising money which was to go to Tiktok will go to Instagram (via Reels).

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

#139

Post by rsynnott »

rob74 wrote: post #118
Traubenfuchs wrote: post #111

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...

I mean, the Wall-E one already looked _extremely_ dystopian.

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

#140

Post by lotsofpulp »

neilv wrote: post #74
suresk wrote: post #68

Earlier quoted context omitted.

Huh? Twitter has had almost monthly rounds of layoffs, including one a few weeks ago that took out some fairly high profile employees. They also have arbitrary firings and people being let go without being told [1]. I'm certainly not going to argue that Meta is going about this in a good way at all, but it is hard to think of a worse example of doing it "well" than Twitter under Elon. 1. https://twitter.com/iamharald…

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.

He also helped the livelihoods of a lot of Twitter stockholders, including people’s retirement savings.
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