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?
Meta plans thousands more layoffs as soon as this week
151–160 of 368 posts
Re: Meta plans thousands more layoffs as soon as this week
#152Earlier 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.
Re: Meta plans thousands more layoffs as soon as this week
#153But, 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
#154Earlier 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
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
#155I 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.
Re: Meta plans thousands more layoffs as soon as this week
#156Earlier 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.
Re: Meta plans thousands more layoffs as soon as this week
#157Earlier 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.
Re: Meta plans thousands more layoffs as soon as this week
#158Two 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…
Re: Meta plans thousands more layoffs as soon as this week
#159So 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
#160Earlier 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.
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.