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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

#151
post #2

Looks like they are making reactionary cuts to what may not be a good Q1.....

When will they acknowledge that the Metaverse sucks and that Zuckerberg needs to go?

Zuckerberg cannot be fired by the board like, say, Elon Musk can be at Tesla. He is a 50%+ shareholder.

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

#152

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.

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

#153
If you are going to do layoffs, you do it once. Rip the bandaid. Two or more, and you are seriously affecting morale and productivity.

But, if that happens, I've learned from the Twitter-related threads here that it's best to volunteer and take a nice severance, as those go down to almost nothing if you wait and get caught in the later rounds of layoffs.

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

#154

Earlier quoted context omitted.

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

Twitter used to not work for me. I would actively avoid clicking on links to tweets as they would reliably not load on the first try, refreshing wasn't reliable either, and was quite slow.

I am today an active user of Twitter, and never have these issues anymore.

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

#155

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.

Many people seem to confuse total Reality Labs spending with VR spending. VR is only one piece of it.

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

#156
post #145

Earlier quoted context omitted.

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…

It’s not operating very well. Multiple public outages each weeks, 40% drop in income, and people are literally sleeping in bathrooms.

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

#157
post #147

Earlier quoted context omitted.

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

Seems expected that he was fired. Elon is firing anyone who doesn't write code. He doesn't seem to be writing code, just a manager.

When does Elon realize he doesn't write code himself and fire himself?

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

#158
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…

Could it be that since Twitter hasn't collapsed yet people are trying to pull a Musk headcount-wise (albeit in a better executed manner) ?

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

#159
Back in ~2016 I deleted my Facebook account, because it was a horrible place that brought out the worst in people. A few days ago someone alerted me that my account was live again and posting weight loss scams.

So I logged in and changed my password and deleted my account again. Facebook tells you that it will take 30 days to delete your account. This is obviously user hostile bullshit.

Meanwhile somehow the scammer is still posting weight loss stuff on my account. Feel like I've jumped through enough hoops so I'll just let that person pollute Facebook more. Their problem now.

And I won't call them Meta, what a joke. Everyone should quit, get ahead of the layoffs, useless company. Your work there makes the world a worse place. You can do better.

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

#160

Earlier quoted context omitted.

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.

This has nothing to do with interest rates, none of these companies are borrowing to hire.

And Meta, Amazon, Salesforce etc are only shedding excess pandemic hires. If you look at a graph of hires over a decade, the pandemic shows a huge blip up, and these layoffs correct that.

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