how much more confirmation do we need that we are in a recession?
Thankfully, big tech hiring whims have very little to do with the 'real' economy. Job growth remains strong, GDP is still very much positive, inflation is low..
Meta announces 5% cuts in preparation for 'intense year'
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Re: Meta announces 5% cuts in preparation for 'intense year'
#22Part of Zucks plan to stop hiring mid-level engineers this year (as he said on JRE)? I am very very skeptical of this idea - what do you all think?
Who are we to doubt Zuckerbergs judgement when his last big pivot to the Metaverse was such a success? Let him cook.
https://www.cnbc.com/2022/06/22/mark-zuckerberg-envisions-1-...
Re: Meta announces 5% cuts in preparation for 'intense year'
#23how much more confirmation do we need that we are in a recession?
I remember when we were in a recession post 9/11 prices were dropping left and right, but right now prices continue to increase and people seem to be paying them. Can we really say that's a notable decline in economic activity?
Re: Meta announces 5% cuts in preparation for 'intense year'
#24Next up: We need you to come in 5 days a week. Think of our culture!
Wasn't that the previous one?
Re: Meta announces 5% cuts in preparation for 'intense year'
#25This must be the "masculine energy" Zuckerberg was referring to.
Re: Meta announces 5% cuts in preparation for 'intense year'
#26Putting all of the employees on notice to keep their heads down and do their jobs without comment or complaint.
Should make all those people complaining about the DEI change shut up, the timing of the announcement is so close it is hard not to think they're related.
Or maybe the idea was to give those people an incentive to leave on their own, so you don't have to fire them.
Re: Meta announces 5% cuts in preparation for 'intense year'
#27This is clearly to cull the "wrong thinking" employees.
Re: Meta announces 5% cuts in preparation for 'intense year'
#28Performance reviews are bullshit. Being a "low performer" at Meta might mean you are not a suck-up, or that you have a sense of ethics.
Performance reviews aren't bullshit - it's crucial to have an objective (as objective as possible) system for measuring performance both to reward your high performers and to understand your low performers whether to provide support or to document reasons for firing them. Several kinds of performance management system such as mandatory percentages for each rating level ARE bullshit, but without performance management…
In reality, "objective" could be a fairly subjective target that depends on your relationship with your manager in a company with bad culture. Just spend 10 minutes browsing on Blind.
Re: Meta announces 5% cuts in preparation for 'intense year'
#29Performance reviews are bullshit. Being a "low performer" at Meta might mean you are not a suck-up, or that you have a sense of ethics.
Performance reviews aren't bullshit - it's crucial to have an objective (as objective as possible) system for measuring performance both to reward your high performers and to understand your low performers whether to provide support or to document reasons for firing them. Several kinds of performance management system such as mandatory percentages for each rating level ARE bullshit, but without performance management…
There isn't any real objective way to measure performance though - there are things you can quantify (lines of code written, code reviews performed, etc) but those don't encompass the entire job, and once it becomes clear the metrics you use people will work to optimize their numbers at the expense of the other aspects of the job that are harder to quantify/measure. Who has time to mentor junior colleagues when you gotta bump your LoC count for the quarter?
I think we need to embrace the idea that whether you are given raises, promotions, continued employment, etc is largely a function of whether your manager likes you, likes having you on their team, and wants to reward you. And if they don't like you, it doesn't matter how good your numbers are now they will find a way to get rid of you sooner or later. It's better to just get it over with, give the employee a generous severance package, and part ways (or transfer them to another team that's interested in them).
Re: Meta announces 5% cuts in preparation for 'intense year'
#30Just when I thought maybe I could give Meta kudos for some respectable VR/game engineering and some open AI research, they seem to bend over backwards to keep a terrible reputation.