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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'

#41

Post by stepanhruda »

kylec wrote: post #29
Arainach wrote: post #10

Earlier quoted context omitted.

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 g…

Those are not the metrics used in said performance reviews though - whether you mentored a junior engineer is.

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

#42

Post by geodel »

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.

Missing those days when post lunch walks by Meta employees could turn into walkouts on issue of the day.

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

#43

Post by haliskerbas »

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…

Indeed, the objective from your manager is to launch X feature (as designed by the design and product teams and in collaboration with three other teams) and achieve Y% usage within the quarter of Z.

However, if the company’s priorities change, significant on-call issues arise, the design team experiences a layoff, the front-end team undergoes an exodus, and the product team abandons the project, you will not meet your objective. Any one of these, or more could happen.

Consequently, you will be considered a low performer. You could have kept the ship afloat, kept the trains running on time, and deployed your part of the project on time and under budget, but still be a low performer on paper.

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

#46

Post by voidfunc »

yodsanklai wrote: post #16

It seems Zuck is turning into Elon. What's next? closing the European offices? forcing people to return to the office? relocating HQ to Texas?

Everyone who is smart see's which way the winds are blowing and it isn't in the direction of "more liberal".

The US is looking at a cultural reset back into the mid to mid-late 20th century.

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

#47

Post by iLoveOncall »

yodsanklai wrote: post #16

It seems Zuck is turning into Elon. What's next? closing the European offices? forcing people to return to the office? relocating HQ to Texas?

> closing the European offices?

This is already in progress, they're closing UK offices extremely quickly.

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

#48

Post by sandworm101 »

yodsanklai wrote: post #16

It seems Zuck is turning into Elon. What's next? closing the European offices? forcing people to return to the office? relocating HQ to Texas?

Yup. That sort of grandstanding is exactly what will be needed to thrive in comming years. Rules-based decisionmaking is out. We now enter the domain of meme-based corporate decisions.

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

#49

Post by layer8 »

asdev wrote: post #14

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

I’d wait for the usual indicators to at least start showing this. Up to Q3 2024 (latest data) they don’t:

https://tradingeconomics.com/united-states/gross-national-in...

https://tradingeconomics.com/united-states/gdp-growth

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

#50

Post by yoyohello13 »

tdb7893 wrote: post #31
prettyblocks wrote: post #23

Earlier quoted context omitted.

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

This is the reason for the disparity. Low income people will swear on their life that we are in a recession, because they literally can't buy as much food as they used to be able to. But Middle-class -> rich people just point to the stock market and tell them they are wrong.

This is a great time to be wealthy. All that juicy human labor is ripe for the taking.

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