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Meta announces 5% cuts in preparation for 'intense year'

cnbc.com

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Re: Meta announces 5% cuts in preparation for 'intense year'

#31

Post by tdb7893 »

prettyblocks wrote: post #23
asdev wrote: post #14

how 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?

My experience is that prices are increasing in required goods (food, housing, healthcare, education) so some people can't decrease spending. I know a lot of people who have cut spending for non-essential things but it's just that the cost of essential things have increased to keep their spending constant

Re: Meta announces 5% cuts in preparation for 'intense year'

#32

Post by gedpeck »

reginald78 wrote: post #8
htrp wrote: post #3

Putting 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.

Meta is embracing free speech while suppressing it!

Re: Meta announces 5% cuts in preparation for 'intense year'

#34

Post by ethbr1 »

Arainach wrote: post #10
asveikau wrote: post #7

Performance 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…

They aren't, in the platonic form.

But what I think most of us have experienced, in most companies, is that instead of driving compensation and promotion/firing the middle-management decisions around those things are made and then post-hoc justified via the performance system.

Which is another symptom of HR not having real power and instead simply being used to implement decisions made by other leadership.

Re: Meta announces 5% cuts in preparation for 'intense year'

#36

Post by stefan_ »

asdev wrote: post #14

how much more confirmation do we need that we are in a recession?

After the made up AI revolution we now have the made up recession, I can't keep track anymore. Actually did the AI revolution end yet? I still see the grifters out there.

Re: Meta announces 5% cuts in preparation for 'intense year'

#37

Post by klodolph »

Arainach wrote: post #10
asveikau wrote: post #7

Performance 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…

You’ve articulated, correctly, a need for performance reviews. We have a need to measure performance, but we don’t have reasonably objective ways to do it that simultaneously measure what we actually care about.

There’s a kind of tradeoff here, where on one end you have the most useful performance measurements, and on the other end you have the most objective performance measurements. When you’re doing things well, the best you can do is fall somewhere on that line. The entire line is bullshit, you just get to choose what kind of bullshit you have.

Large orgs tend to skew towards objectivity because it minimizes liability, and large orgs are full of people trying to avoid being liable for mistakes.

Re: Meta announces 5% cuts in preparation for 'intense year'

#38

Post by bastardoperator »

TypingOutBugs wrote: post #18

Part 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?

It's 100% absolute bullshit. We've seen the tests, it can barely replace a low skilled job. Who's going to prompt these AI tools to do stuff and who's going to correct the bugs AI introduces? Zuck is high on steroids.
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