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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

#241

Post by cvhashim04 »

sumtechguy wrote: post #221
badpun wrote: post #205

Earlier quoted context omitted.

> 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…

Abstraction costs performance in many cases. But you sometimes want/need that abstraction. But on the other side of that is drop a comment in there how to abstract it if needed but do not abstract it until you need it. And 'updating' that is my favorite playstation game! It seems to be what I do every time I turn it on every few months.

I thought this was Hackernews and people fixed tech inconveniences with random scripts! I’m sure someone on here could hack together something to check for updates and run the update or automate that process with a click from your phone.

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

#242

Post by hello_moto »

Overtonwindow wrote: post #215
i67vw3 wrote: post #138

Earlier quoted context omitted.

>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).

Banning TikTok is such a pointless exercise. So what, it just means that another service will pop up and take its place under a different name. The government can ban it all it wants, but it's not going away. Too simple of an app.

How many times in our lifetime seeing comments like this?

"Too simple of an app"

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

#243

Post by hello_moto »

Iolaum wrote: post #158
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…

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) ?

Their revenue leaked badly and can't be patch.

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

#244

Post by marcosdumay »

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…

There's some unwritten rule that management can't layoff more than ~10% of the people at a single time.

Honestly, it's such an strange mix of the Chersteton's fence and scream testing that I can't begin to understand the rationale.

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

#245

Post by bobobob420 »

Besides the layoffs which are clearly stock price attribued I could care less what Meta spends their money on and what fails. Technology is not so easy to always be successful in and sometimes the things you try fail. I don't think the failure of Metaverse is causing the layoff. Everything comes back to the stock price and the company is stale but at least they are trying to inovate somewhere. Layoffs are never good but we are all at the mercy of our corporate overlords

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

#246

Post by mschuster91 »

b112 wrote: post #165
mschuster91 wrote: post #104

Earlier quoted context omitted.

I'm usually not one to say companies shouldn't take on risks to expand into new business areas, particularly not in times where the core product is bleeding lucrative users... but here it's the same shit as with Twitter prior to Parag Agrawal's term or with Elon Musk's dozens of ventures. It's one thing and bad enough if board members have sometimes dozens of posts... but Zuckerberg, Musk, Dorsey all show it's not a…

And it's especially not good if they use company resources for their personal pet projects. Good grief. I guess if you are a CFO, or finance guy, sure. But a "pet project" is conjoined with passion. And R&D, and testing the waters in other markets, is what causes true motivation. People often complain that big corps can only innovate via acquisition. Yet, this comment is complaining that big corps are innovating by..…

> And R&D, and testing the waters in other markets, is what causes true motivation.

There's a difference between legitimate R&D and pulling Tesla engineers to put out fires at Twitter. The latter is a blatant abuse of Tesla's resources and to be honest it's a miracle how Musk has not gotten under serious fire from at the very least the Tesla board or a lawsuit by shareholders.

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

#247

Post by marcosdumay »

N19PEDL2 wrote: post #166
i67vw3 wrote: post #138

Earlier quoted context omitted.

>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).

It should also be said, however, that banning TikTok would set a dangerous precedent for Meta's business outside the US.

I can't make my mind if the GP intended to be sarcastic, but if you read it in a serious tone, you are making a disservice for yourself.

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

#248

Post by [deleted] »

4gotunameagain wrote: post #152
shapefrog wrote: post #122

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.

[flagged]

[deleted]

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

#249

Post by mint2 »

jackmott42 wrote: post #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…

Did you go into the profile and find where it lists signed in devices and log them all out? It’s buried in there somewhere but they don’t automatically do it when you do a password update because they’re afraid of causing any friction in the process of browsing their ads.

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

#250

Post by 908B64B197 »

lisasays wrote: post #222
par wrote: post #206

Gotta be honest, as someone working at Meta right now, every week to hear rumors and 'articles' about being laid off, it sucks. :(

Then again - after years of pulling down ridiculously inflated salaries, and under management that is objectively delusional - you all knew this was coming, right?

Someone's interview didn't go well I see.
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