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

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

#131

Post by bee_rider »

voidfunc wrote: post #46
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.

Freedom of speech is a liberal concept, the application of “liberal” as a derogatory term for one side of the political spectrum was a propaganda move. Don’t give in to it.

The current pivot, I think, is mostly that culture warriors have managed to describe their interest in liberal terms (freedom of speech), and social media companies are buying it (gets them out of moderation duty and lets them reduce headcount).

These are ad delivery networks that want to do the bare minimum required to avoid scaring people away, they’ve discovered that the bare minimum can go lower. They don’t have any principles, so why would they do anything else? They are exploring downwards in terms of effort, eventually they’ll bounce off the floor.

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

#132

Post by hnthrowaway6543 »

psunavy03 wrote: post #107
lacker wrote: post #73

When I was an engineering manager there, engineering leadership described performance reviews as, in a large well run engineering organization, you'll probably be firing 5-10% of your employees every year for low performance. (Well, "non regrettable attrition", which includes people who quit when they get pipped.) Lower than 5% at scale would be a red flag, not necessarily wrong, you don't want to "stack rank" with a…

Why? Why set an arbitrary number of people who need to be fired as opposed to grading people to a standard? Is your hiring process so flawed that you just accept that you screwed up hiring 5 percent of your people? This smells like the Welchian nonsense that drove GE into the ground.

> Is your hiring process so flawed that you just accept that you screwed up hiring 5 percent of your people?

if you only messed up 5% of your hires you'd be a goddamn genius and every company in the world would want to put you in charge of their hiring process

the "standard" is more like 20% of hires end up being bad hires

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

#134

Post by misiti3780 »

voidfunc wrote: post #46
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.

this is the correct answer.

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

#135

Post by parasense »

alpha_squared wrote: post #110
voidfunc wrote: post #46

Earlier quoted context omitted.

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.

This feels a little off. I think those who stand to financially benefit the most are taking advantage of the opportunity to do so while they can. Getting more specific, I don't buy the argument that we're getting more conservative. Instead, I'm inclined to think that a narrow election victory will lead to extreme measures that will create a significant backlash in the coming years. If you're in a position to exploit…

> Getting more specific, I don't buy the argument that we're getting more conservative.

Agreed. I'm pretty sure normal folks never actually shifted left, not as much as the far-left ideology people imagined. Folks would use any plausible excuse to end the insanity progressive politics has caused. Mind you the reverse is also true of ultra conservative politics. The world is elastic in this sense, and we see corrections from time to time.

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

#136

Post by mywittyname »

tqi wrote: post #86

> “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the memo Doesn't this beg the question of why the bar wasn't higher the whole time?

I'm not trying to apologize for Meta here, but sometimes companies make bad hiring decisions, or good workers get lazy/apathetic.

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

#137

Post by iLoveOncall »

highwaylights wrote: post #67
sefrost wrote: post #53

Earlier quoted context omitted.

Does anybody know why that is? I was under the impression UK staff are cheaper than US staff.

Peacocking for the new President’s agenda. No need to overthink it.

It has been in progress for around a year, long before there was any indication that Trump would win the election, or even be out of jail for it.

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

#138

Post by dspillett »

sefrost wrote: post #77
highwaylights wrote: post #67

Earlier quoted context omitted.

Peacocking for the new President’s agenda. No need to overthink it.

Could you explain what that means in layman's terms?

Basically pulling jobs out of other territories and concentrating on being all-American where possible is going to sell to President Shart & chums more than the multinational aspect.

As an aside from that though, recent & planned changes in UK regulation are trying to put more onus on social media companies to police their dungeons, and they don't like that. I'm sure this aggravation has a causal relationship with Musk getting very anti-UK-government ATM (spreading “facts” about them that range from somewhat dubious down to outright lies & calls for vigilantism) – trying to push attention away from SM and its role in various problems. Pulling out of the UK will reduce their legal (and financial) risk exposure with regard to these regulation changes.

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

#139

Post by bdcravens »

psunavy03 wrote: post #107
lacker wrote: post #73

When I was an engineering manager there, engineering leadership described performance reviews as, in a large well run engineering organization, you'll probably be firing 5-10% of your employees every year for low performance. (Well, "non regrettable attrition", which includes people who quit when they get pipped.) Lower than 5% at scale would be a red flag, not necessarily wrong, you don't want to "stack rank" with a…

Why? Why set an arbitrary number of people who need to be fired as opposed to grading people to a standard? Is your hiring process so flawed that you just accept that you screwed up hiring 5 percent of your people? This smells like the Welchian nonsense that drove GE into the ground.

We've had many years in our industry where funded and public company were in a mad rush to put seats in chairs. It's like storming a field to pick fruit because you fear others will get it all first: you're incentivized to hoard, and not inspect.

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

#140

Post by GiorgioG »

brink wrote: post #95
GiorgioG wrote: post #11

The beatings will continue until morale improves.

Being stuck carrying coworkers that don't perform sucks. Firing under-performers is what healthy businesses do.

That wouldn't require a quota (5%) nor an announcement.
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