I 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.
Internally they operate like a government or military and less like a normal company.
Meta tells staff it will cut 10% of jobs
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Re: Meta tells staff it will cut 10% of jobs
#52Re: > 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.
And it only takes an ounce more wisdom to recall this phrase: "Money can't buy happiness, but it helps."
Re: Meta tells staff it will cut 10% of jobs
#53[flagged]
Elections for executive leadership doesn't sound all that crazy to me. With 30+ years in the business I have witnessed my fair share of executive whackos that wouldn't have passed a basic sniff test if they had convince workers that they should be the one leading them.
Re: Meta tells staff it will cut 10% of jobs
#54I 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.
Its pretty safe bet to completely ignore any PR, be it meta, apple, google or whatever, and just look at past actions of company and owners/ceo. Shallow talk is very cheap, morality often isn't. Then no surprises happen, practically ever.
Re: Meta tells staff it will cut 10% of jobs
#55It'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
Given facebook/Zuckerberg’s history it’s tough to give them the benefit of the doubt. From day one it’s been ruthless, harmful ambitions and business practices. It is a bad company that does bad things.
They also burn capital at insane rates on projects nobody wants then fire everybody involved (see: the metaverse, the very reason they rebranded to that dumb name)
Re: Meta tells staff it will cut 10% of jobs
#56Earlier quoted context omitted.
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Are weekends off un-american too because it came from worker movements? Re: replies that one day off has been around much longer. Yes that’s what changed - the change was for 2 days off.
Saturday's off came from Exodus 20:8-11, about 1400 BC.
Re: Meta tells staff it will cut 10% of jobs
#57Re: Meta tells staff it will cut 10% of jobs
#58It'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…
> It's an honest surprise that this isn't spun as "internal AI efficiency gains."
Meta is working on "personal AI that will empower you". Saying they are firing people because of AI would be a bad marketing move.
Re: Meta tells staff it will cut 10% of jobs
#59It'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…
Layoffs are a very normal thing for businesses to do.
There is nothing "cowardly" about it.
Would you rather them never hire them in the first place?
Re: Meta tells staff it will cut 10% of jobs
#60I remember in 2022 people still said things like “there hasn’t been a major tech layoff in 20 years”. Those days are a distant memory. This Meta layoff is lost in the noise of tons of other ones by this point.