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These workers have a better gig that 99% of Americans. They certainly have "self-determination". If they can run it better than Zuck they are free to try, believe it or not.
Huh?
Meta tells staff it will cut 10% of jobs
31–40 of 923 posts
Re: Meta tells staff it will cut 10% of jobs
#32[flagged]
>All the more reason why we need workplace democracy. The elites clearly do not know how to run a business and the economy is the final frontier for democracy to expand into. One might almost say workers should... own the means of production?
Although, Facebook doesn’t produce much, right? Some glasses I guess. “Workers should own the means of collecting data to influence people towards some sources of production” doesn’t have quite the ring to it.
Re: Meta tells staff it will cut 10% of jobs
#33I'd guess AI has made the average SWE around twice as productive at this point. This is a sort of efficiency shock, where companies suddenly need to find twice as much productive work to do or start firing employees. FB probably had a bunch of slack to absorb this but ultimately it's just hard to find that much work all at once.
I predict that tech companies will hire back a lot of this lost headcount over time. Although AI will keep getting better, so there's more downward pressure coming. Facebook, Amazon, and Google have had flat headcount since 2022, and this layoff will reduce FB's size back to 2021 levels.
Re: Meta tells staff it will cut 10% of jobs
#34I have a genuine dislike for all Meta products now. With time, their intentions have become much more clear and it was never to bring people closer or whatever.
Re: Meta tells staff it will cut 10% of jobs
#35if you've ever been through a Meta loop (and their method is to cast an extremely wide net, so chances are you have), you've seen how inefficient their loop can be for long term success 6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals" Once these candidates actually star…
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Re: Meta tells staff it will cut 10% of jobs
#36Earlier quoted context omitted.
>All the more reason why we need workplace democracy. The elites clearly do not know how to run a business and the economy is the final frontier for democracy to expand into. One might almost say workers should... own the means of production?
The means of production are for sale, they can own them if they want!
But we don't pay for coding tools, we want them for free!
Re: Meta tells staff it will cut 10% of jobs
#37It's an honest surprise that this isn't spun as "internal AI efficiency gains." They want the efficiency, of course there's AI component, but they're not pre-claiming victory. Neat. It's worth remembering that there's an _actual_ underlying economic problem here. Interest rates are up. AI spending is expensive. A dollar invested in a company needs to do _more_ than it did 5 years ago, relative to sitting in treasury…
I'm guessing a lot of these large companies will have massive layoffs followed by slightly less massive re-hiring in 6 to 18 months.
Re: Meta tells staff it will cut 10% of jobs
#38It's an honest surprise that this isn't spun as "internal AI efficiency gains." They want the efficiency, of course there's AI component, but they're not pre-claiming victory. Neat. It's worth remembering that there's an _actual_ underlying economic problem here. Interest rates are up. AI spending is expensive. A dollar invested in a company needs to do _more_ than it did 5 years ago, relative to sitting in treasury…
this seems a little hyperbolic without knowing details. they probably already cut around 5% every year for performance anyway (their performance reviews probably just came out). i could pretty easily see the rest of the reduction being unprofitable businesses like VR that they don't want to invest in anymore, it might not be due to AI at all
Re: Meta tells staff it will cut 10% of jobs
#39if you've ever been through a Meta loop (and their method is to cast an extremely wide net, so chances are you have), you've seen how inefficient their loop can be for long term success 6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals" Once these candidates actually star…
That wasn't my experience at all. I had a recruiter screen where she asked me some technical questions. I then had a longer discussion, then a code screen, then an arch-deep-dive. The entire process was very professional and EVERY person came off like they really wanted me to succeed. (Sure it's an act but it's a very helpful act when you're in the hot seat) My intervews were in 20202/2021. Perhaps things have change…
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Re: Meta tells staff it will cut 10% of jobs
#40The only part of Meta I care about is the PyTorch team. Are those people also being affected by this?
a bunch of them already left....