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Meta tells staff it will cut 10% of jobs

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Re: Meta tells staff it will cut 10% of jobs

#331

Does the Facebook corporate campus still have the Sun Microsystems logo on the reverse side? I hope these 10% see that and welcome its significance.

The clockwise swastika? Yeah

https://medium.com/design-bootcamp/sun-microsystems-sign-at-...

Re: Meta tells staff it will cut 10% of jobs

#332
post #241

Earlier quoted context omitted.

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.

I can confirm for a certain very large enterprise that this is not the case. The employees ARE on the books of the company and considered full time employees with full benefits, and the software is custom built for this enterprise, by this enterprise, and not shared with any other enterprises

Exactly

Re: Meta tells staff it will cut 10% of jobs

#333

I 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 am still waiting on the news that they are killing the quest headset though.

That would be sad. I've never owned a Quest, but the technology is starting to be very impressive. I would consider buying a new generation one.

Re: Meta tells staff it will cut 10% of jobs

#334

Earlier quoted context omitted.

So let me ask this. What is the perfect mix of inerviews and durations? If you ask my blue collar friends, the answer is one and however long it takes to drink three beers. If you ask any married person, the onboarding process (courtship) may last YEARS and consist of many interviews (dates). As an EM, ive always struggled with this one. Im about to invest some serious coin and brainspace for you, so I tended towards…

I’ve never worked at big tech but the usual interview process I’ve seen is one initial phone call to check both sides are on the same page and it’s worth scheduling an interview. Then a technical interview, sometimes a take home task, then a non technical interview with management. There’s no reason you need longer than that.

The "usual" process in big tech is a recruiter call, 1-2 technical screening calls (sometimes an EM call), then the main series of 3-6 domain knowledge interviews are done over 1-2 days.

The latter are pretty grueling, especially when conducted on-site. Apple recommends you show up 1-2 hours ahead so you have enough time to get through security, for example.

Re: Meta tells staff it will cut 10% of jobs

#335

Earlier quoted context omitted.

Imagine a world where people could just be happy with returns on investments. Even treasury bills. Can't we all just be happy?

If the richest people in the world are chronically unhappy then that indicates that excess wealth does not bring happiness.

If you make 900,000 but your rent and healthcare are 850000, how rich are you?

Re: Meta tells staff it will cut 10% of jobs

#337
post #311
post #296

Earlier quoted context omitted.

Totally. I'm sure I'm not alone in saying that if I had to pick a FAANG to put all my retirement savings into Meta would absolutely not be my pick. Heck, if I was forced to either short or invest Meta with all my retirement savings now betting on it's value in 25 years.. I'd short it.

Meta is going to have higher ads revenue than Google this year.

Social media is an extremely competitive landscape, with competitors rising overnight.

Google, Apple and Microsoft dominate the world with their products and platforms. Facebook & WhatsApp certainly doesnt.

Re: Meta tells staff it will cut 10% of jobs

#338
post #118

Well, they could layoff 100% and world would be a better place to live. It really sucks for software engineers though - first these companies made a hype out of "coding" and hacking to build those monstrosities, now they switched to squeezing the accordion to keep the music going. This is not the first time and I hope not the last one - just need new Yahoos of 20s to pop up.

> just need new Yahoos of 20s to pop up. I'm up for building this. What dinosaur languages should we code this in? erlang, tcl and perl?

You could work in Erlang, PHP, and C++ at Meta ;)

Re: Meta tells staff it will cut 10% of jobs

#339

Earlier quoted context omitted.

Given how inefficient Meta et al are, why do the pay so much more than the nimbler smaller companies? (Rhetorical question, I already know the answer: monopoly and regulatory capture) Of course those engineers would rather have more meaningful work if it came with similar compensation and work life balance.

Because you have to pay people more to do boring or evil work vs meaningful or exciting work

In my experience the pay difference was never that close that meaning and ethics played a role in the decision.

Cool exciting and meaningful science job: 200k

Big Tech surveillance capitalism job: 800k (at the low end)

The calculus has only been about affording housing and providing for the family.

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