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

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161–170 of 432 posts

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

#161
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?

Translation: our move to force everyone back to office didn't cause as much attrition as we'd have liked. We will need to turn the screws in a different way.

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

#162
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…

It's understandable that in an organization that hasn't tightened its screws on employees, you will be able to find 5% low performers. But do you expect to find 5% low performers even after 5 iterations of these firings? Like eventually you are left only with medium to high performers, and you are just making their lives miserable by turning work into a meaningless Hunger Games season.

Isn't the average tenure low enough that after five years, most of your workforce has turned over?

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

#163

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.

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). T…

Exactly, and expecting every position needs to be clubbed together as left or right wing is also a big issue. eg I am politically liberal on most of the issues, but if I mention one thing for which I am not on their camp I suddenly become far right.

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

#164
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.

Honestly I would be ecstatic if it was possible for a hiring process to have a 95% success rate.

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

#165
post #156
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…

I am lukewarm about unions, but if that shit would be the new work norm I would go hard left. Wouldn’t be every coworker a competitor? How do you plan your life or start a family if you are every year 10% likely of being fired or backstabbed?

I am very much opposed to unions,I think in general , with time unions workers are just trading one oppressing power structure where they have not much control for another. However, i think with the way things go, it's inevitable that IT/Knowledge worker with start unionizing. The same things happens for starbucks the coffee : As the company grew, the margin improvement came at the expense of the employee working conditions until unions start forming

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

#166
post #95

The beatings will continue until morale improves.

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

Did Facebook not do performance reviews until now?

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

#167

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…

> I'm willing to bet sizeable amounts of money that most voters do not support rolling .... the debt ceiling ...

You lost me here, because the debt ceiling is a recent political construct with the only outcome being to add friction to an already high friction process and to threaten the faith and credit of the United States.

It is neither conservative nor liberal, but obstructionist

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

#168
post #14

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

The government will never again acknowledge a recession because of the political implications. This is the world we live in now.

Recession has a clear cut, metric-based formal definition. Governments acknowledge them when they happen because it's a black and white situation.

GPD growth is good, personal consumption is up, and businesses are continuing their extremely large investments in durable goods. The economy is, by the numbers, doing extremely well. Inflation is down to normal.

Even economic sentiment is okay. People rate their personal financial situation as roughly as good as it was pre-pandemic as well.

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

#169

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.

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). T…

Actual liberals aren't really a prominent political force at this point. The culture war is between conservatives and progressives, and, contrary to popular opinion, the latter is not synonymous with liberalism - indeed, on some issues (freedom of speech being a prominent one) they are in opposition.

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

#170
post #61

Why do people still have accounts on Twitter and Facebook already? Those reactionary billionaires are clearly offensive to humans and we should collectively tell them to f*ck off

The internet was once made up of curious, ambitious, discerning types. Early adopters. We have to put that mental model behind us.

As more of the world came online, the population of the internet has become made up of mostly passive and mediocre people. The MySpace to Facebook type of migration won't happen anymore. Too many people aren't aware or don't care.

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