What happened to the metaverse ?I suspect maybe wasting all the resource wasn’t a good idea
Meta tells staff it will cut 10% of jobs
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Re: Meta tells staff it will cut 10% of jobs
#42I find the scale of some companies hard to understand, they're laying off multiples of the total number of employees of the largest company I've worked at.
Re: Meta tells staff it will cut 10% of jobs
#43Re: > If America’s so rich how’d it get so sad > https://www.derekthompson.org/p/if-americas-so-rich-howd-it-...
It's well known since ancient times that money doesn't buy happiness.
Re: Meta tells staff it will cut 10% of jobs
#44Earlier quoted context omitted.
Code production is not code distribution nor code advertisement, nor code marketing in general, etc.
Yeah, that's the thing. You need the whole business to turn code into money, and you need this business to be run well, and either do what people with big money want it to do or to make lots of people with small money pay for its product regularly. Either way, it's not what autonomous programmer commune will do well in my opinion
It's usual for the programmers (or laborers in general, perhaps) to assume that their portion of the business does all the "real work" and the 60-70% "rest of the company" do nothing and add no value.
Re: Meta tells staff it will cut 10% of jobs
#45if 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…
What is your point exactly lol. You'd prefer longer interviews? More, less?
Re: Meta tells staff it will cut 10% of jobs
#46[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?
Workplace democracy would work better than democracy does anywhere else?
And, of course, every tech worker already has a vote. As the saying goes: they can vote with their feet.
Re: Meta tells staff it will cut 10% of jobs
#47It'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.
Correction, the layoffs will be followed by massive re-hiring overseas in 6 to 18 months.
The domestic jobs aren't coming back.
Re: Meta tells staff it will cut 10% of jobs
#48It'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…
When is it ok to lay people off?
Re: Meta tells staff it will cut 10% of jobs
#49I 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.
Going back to the G+ era, I remember even by that time the FB dev advocates (these existed) came off as seriously slimy, to the point that it was clear we couldn't have the Google and FB reps in the same room at the same time. (And the Google ones were much more good humored about this).
Admittedly that was just a couple of guys, but it takes something to be so obviously toxic yet still chosen to represent the values of your company at a third party.
Arguably the Google ones were guilty of naivete, but that's not a crime you'd want to punish too hard, and I was myself guilty of far worse.
Re: Meta tells staff it will cut 10% of jobs
#50It'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
meta has laid off 34,800 people in just the large scale rounds we know about in the past 5 years.
they're growing at high teens % a year and have record profits and a centi-billionaire has complete control. whats going on there is gross, even compared to the finance world of yearly culling of the bottom few % its gross.
There are a few US companies that crossed beyond the carelessness of us work culture to flat out hostile and metas one of them.