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A morale crisis after multiple Meta layoffs

washingtonpost.com

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Re: A morale crisis after multiple Meta layoffs

#151

Post by uxcolumbo »

leptons wrote: post #147
darkwizard42 wrote: post #71

I can't take this article seriously. They are having a hard time hiring in 2022-2023 because of the scandal of 2016?? Facebook remains one of the TOP landing spots for any engineer still. The rep might be tarnished a bit, but you would be doing yourself a disservice if your company wouldn't consider an engineer with 2-5 years of senior SWE experience from FB. EVEN after the stock downturn it remains near the top in p…

I've turned Facebook every time when they come calling for my engineering talents. I don't want to work for a person like Zuckerberg, and 2016 is one of many reasons why. I don't care how much they would pay me, other companies that aren't as evil pay as much. And no, I don't consider Facebook on someone's resume to mean anything. They hired too many inexperienced devs just like Google did, and then dumped them just…

I don't like Zuck - because he has no 'taste' and only cares about power - he even tries to model himself after Roman emperors. If we talk about VR, I would compare Zuck to Nolan Sorrento in Ready Player One.

He's trying to build the next big (and only) platform and extract as much value out of it. Zero actual vision for a massive virtual world and what it could mean for society. He isn't a James Halliday.

Do you have an overview of the top 'evil' things he / FB has done?

Re: A morale crisis after multiple Meta layoffs

#152

Post by rchaud »

sashank_1509 wrote: post #22

There has to be some incredible lag in the news media, to be reporting this at this time when Meta managed to almost triple its stock price in less than a year. Meta beat all analyst estimates in its earnings call, whatever Meta is doing it’s working. My only regret is not investing enough into Meta when it was 90$ (Now it’s 240$)

Cutting workforce to boost margins is MBA management 101. Every exec does this, for precisely the sentiment in your comment: it makes shareholders think the CEO is a genius.

Re: A morale crisis after multiple Meta layoffs

#153

Post by rchaud »

JKCalhoun wrote: post #8

> In a statement, Meta spokesman Dave Arnold said the conditions that led to the layoffs are “well known and reverberating throughout the industry.” Sad that you can get away with a statement like that.

Spokespersons do newspeak so the C-suite doesn't have to. That's the whole point!

Re: A morale crisis after multiple Meta layoffs

#154

Post by slenk »

matthewdgreen wrote: post #121
fyrn_ wrote: post #51

Earlier quoted context omitted.

They own the mobile platforms because they blazed the trail as you put it. That was the prize they were competing for, Meta was late with the HTC First / Facebook phone, and so they lost. Of course they would have liked to own their own little mobile fiefdom, they are incredibly valuable platforms

Palm, Blackberry and Windows PocketPC blazed the trail. iOS and Android were relatively latecomers that arrived with a more competitive product (iOS because it was much better than the previous generation, and Android because it borrowed the ideas from iOS and was free.)

Apple and Android both steal ideas from each other.

Re: A morale crisis after multiple Meta layoffs

#155

Post by cipheredStones »

sashank_1509 wrote: post #22

There has to be some incredible lag in the news media, to be reporting this at this time when Meta managed to almost triple its stock price in less than a year. Meta beat all analyst estimates in its earnings call, whatever Meta is doing it’s working. My only regret is not investing enough into Meta when it was 90$ (Now it’s 240$)

> at this time when Meta managed to almost triple its stock price in less than a year

What are you talking about? Meta stock is up 14% from a year ago, down 26% from two years ago. It was last at a third of its current price eight years ago.

Edit: Oh, I get it. You're selectively measuring from its low point six months ago - when it had fallen 75% from its 2021 peak.

Re: A morale crisis after multiple Meta layoffs

#156

Post by xwdv »

croes wrote: post #125
xwdv wrote: post #70

Earlier quoted context omitted.

Cheaper, faster, much better optics: any two of those would be good, all three is incredible.

Cheaper? Compared to the pro not the Quest 2. And the resolution is still too low. Better than the Quest 2 but not a big leap

Marketing will take care of that.

Re: A morale crisis after multiple Meta layoffs

#157

Post by dnissley »

yarg wrote: post #95
dnissley wrote: post #81

Earlier quoted context omitted.

> their efforts to make a mobile phone were late and substandard Meta was in its infancy when the mobile hardware revolution was happening. Do you really think they stood a chance of creating their own hardware platform while simultaneously adapting their existing software platform to the new paradigm? According to a google search they had 850 employees in 2008. Apple had 32000. > It's not that they are speculating o…

> Do you really think they stood a chance of creating their own hardware platform while simultaneously adapting their existing software platform to the new paradigm? Then they should have realised that it was a bad idea.

They did, and therefore never made a phone.

Re: A morale crisis after multiple Meta layoffs

#158

Post by hn_throwaway_99 »

serf wrote: post #126
irrational wrote: post #66

Earlier quoted context omitted.

> So I find it totally plausible that a huge amount of people would spend large amounts of time in a more immersive virtual world I, on the other hand, know nobody that uses virtual worlds. I find it plausible that a tiny amount of people would spend large amounts of time in a more immersive virtual world. I find it completely implausible that a huge amount of people would.

>I find it completely implausible that a huge amount of people would. there are 2.5 billion adult gamers in the world. A good percentage of that are partaking in games that easily qualify as virtual worlds. no personal anecdote needed, huge amounts of people are already spending time in places that qualify as virtual worlds. Our interfaces are clunky, and you can shift 'virtual world' around to mean something else, b…

You're making a giant unsubstantiated leap from "there are 2.5 adult billion gamers in the world" and the idea that the current types of "virtual worlds" means that a significant number of these folks want anything resembling the metaverse.

I am one of those "adult gamers". I even occasionally play VR games with an Oculus Quest. The thought of living substantially more portions of my life "in the metaverse" is pretty much the definition of dystopia for me. I've seen Wall-E, and I'll pass, thanks.

Re: A morale crisis after multiple Meta layoffs

#160

Post by 411111111111111 »

cipheredStones wrote: post #155
sashank_1509 wrote: post #22

There has to be some incredible lag in the news media, to be reporting this at this time when Meta managed to almost triple its stock price in less than a year. Meta beat all analyst estimates in its earnings call, whatever Meta is doing it’s working. My only regret is not investing enough into Meta when it was 90$ (Now it’s 240$)

> at this time when Meta managed to almost triple its stock price in less than a year What are you talking about? Meta stock is up 14% from a year ago, down 26% from two years ago. It was last at a third of its current price eight years ago. Edit: Oh, I get it. You're selectively measuring from its low point six months ago - when it had fallen 75% from its 2021 peak.

i bought about 2k€ of shares when it was between 95-100€/share, so his numbers are almost correct wrt my depot at least (only x2 though) :-)
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