The firings will continue until morale improves.
Meta tells staff it will cut 10% of jobs
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Re: Meta tells staff it will cut 10% of jobs
#222This isn't surprising. This will happen at every tech company first, then every other company afterwards. All jobs will get automated, then all companies will be ran by one person: their owner.
So is everyone going to run a company? Or what will the rest of the people do? If they don’t run companies, and they don’t have jobs, how will they buy anything, and who will the people who do run companies find customers?
Re: Meta tells staff it will cut 10% of jobs
#223Earlier quoted context omitted.
My theory is that Zuck has profound imposter syndrome due to the public knowledge that his joke of a side project in college went uber-viral and he has had to play CEO dress-up ever since. He has been desperate to prove that he actually has deep technological insight with his big bets on wearables and the metaverse and AI, but the truth is that his entire dynasty is built on people's need to snoop on pictures of thei…
you would think being valued at billions of dollars for over 20 years now would give you at least a little validation
Funny thing about internal work is that it cannot happen via changing one’s external circumstances. And it’s super tempting to numb it out with status symbols.
The evidence for this is rather plain to see at this point in history. ;)
Re: Meta tells staff it will cut 10% of jobs
#224I thought this will be 20% like we heard a few weeks ago. I am still waiting on the news that they are killing the quest headset though. It’s going to happen when mark finally lets go of this anchor
I wouldn’t consider this the end of the matter, and given the past few years experience with Meta yet more layoffs are absolutely possible.
Related to the quest, the horizon worlds team was largely let go (around 1000 employees) earlier in the year and are not part of this latest 10 percent etc.
Re: Meta tells staff it will cut 10% of jobs
#225Earlier quoted context omitted.
> With time, their intentions have become much more clear Wasn’t the original intention behind facebook to accumulate a directory of hotties, probably with the aim of bringing them ‘closer’? They pretty much put it on the label; it’s not called personality book.
My theory is that Zuck has profound imposter syndrome due to the public knowledge that his joke of a side project in college went uber-viral and he has had to play CEO dress-up ever since. He has been desperate to prove that he actually has deep technological insight with his big bets on wearables and the metaverse and AI, but the truth is that his entire dynasty is built on people's need to snoop on pictures of thei…
One can only hope that he just fully turns to philanthropy a la Bill Gates sooner rather than later, and gives up trying to "connect" people (which somehow always turns into privacy nightmares).
Re: Meta tells staff it will cut 10% of jobs
#226if 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…
The short interview time helps keeping the interview process focused on high signal questions/discussions. That is better than a 1h where 1/3 of the process is a bunch of soft balls.
What I don’t like about them is how “dry” and mechanical the interview feels
Re: Meta tells staff it will cut 10% of jobs
#227Earlier quoted context omitted.
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)
I can pretty much agree with everything you said in the first line but for the second, I guess I don't consider that terrible? they make risky bets, pay people tons and tons of money to try them, then if it doesn't work out they shut down the projects and let the people go? that feels like every startup except the employees actually get compensated. if that's driving the extra layoffs, it's hard to feel too bad for p…
You make fair points there. I think what bothers me is that they can be so irresponsible with money/their projects, but still somehow manage to make very high margins, and yet they continue to just lay off thousands at a time like this repeatedly. There doesn’t seem to be any logic to it other than typical “number go up” nonsense.
The fact is Facebook had serious red flags going up that the AI boom has papered over (for now?) as well. They don’t make a lot of sense to me.
I don’t know how to tie this all together to be honest. It’s a lot of feelings/emotional response. But frankly it just feels cruel how they treat their employees and our society, so it colors my perception of everything they do.
Re: Meta tells staff it will cut 10% of jobs
#228I 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.
Large-scale enterprises are really something to behold. Take one small example. A certain large company has cafeterias in many locations. Each of these cafeterias is like a small enterprise. And it has nothing to do with the core business itself. To order food, you need an app. Someone has to build, test, deploy, and maintain that app. It also has a back-end. Someone has to build and maintain those servers as well. T…
It's all true but the cafeteria is generally outsourced. Those employees are not on the books of the real enterprise and the software shared between all of the outsourcers customers. Same goes for many non-core functions.
Re: Meta tells staff it will cut 10% of jobs
#229Re: > If America’s so rich how’d it get so sad > https://www.derekthompson.org/p/if-americas-so-rich-howd-it-...
America is rich, but that money is spent on new problems we invented for ourselves. We subsidize farmers growing unhealthy foods, then subsidize buying those unhealthy foods through food stamps. Then we subsidize healthcare to address the consequences of extra obesity. Single-use zoning makes it illegal to build the places people want to go within walking distance of where they live, so we spend trillions over decade…
The richer a country becomes the more expensive everything gets.
The average house price in my country is now 400k eurodollars. And banks keep giving out loans.
Re: Meta tells staff it will cut 10% of jobs
#230Let's be honest, Meta over hired. Big time. If anyone ever interviewed a few Meta engineers, he would easily see that a large percentage of them had really small, and sometimes bullshit scopes. As a result, such engineers couldn't articulate what they do in Meta, couldn't deep dive into their own tech stacks, nor could solve common-sense design questions when they just deviated a bit from those popular interview ques…
Are you saying you interviewed meta engineers and found this? Or is this speculation?