Meta plans thousands more layoffs as soon as this week

Post by JCharante » Tue, Mar 07, 2023, 2:54 PM UTC

ChatGTP wrote: post #136

elforce002 wrote: post #132

Earlier quoted context omitted.

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…

Post by ejb999 » Tue, Mar 07, 2023, 2:57 PM UTC

papito wrote: post #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.

Post by Overtonwindow » Tue, Mar 07, 2023, 2:59 PM UTC

i67vw3 wrote: post #138

elforce002 wrote: post #132

Earlier quoted context omitted.

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).

Post by Overtonwindow » Tue, Mar 07, 2023, 3:02 PM UTC

AdamN wrote: post #101

johannes1234321 wrote: post #93

Earlier quoted context omitted.

... and what else should recruiters do? Sit there do nothing and fear being cut? Better be able to show what a pipeline you have.

Yeah, some recruiters are going to keep recruiting until they're fired. There's always a chance that somebody needs a warm funnel and then they'll be the ones kept around when the others are laid off.

Post by edgyquant » Tue, Mar 07, 2023, 3:05 PM UTC

ulfw wrote: post #181

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.

Then why did he hire so many people if he wants to run a flat org at "closer to startup velocity (and cost)"? Wasn't he the one in charge since oh... I dunno... Day 1?