Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Meta tells staff it will cut 10% of jobs

bloomberg.com

Post reply on HN
Print view View original

411–420 of 923 posts

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

#411

Post by ekropotin »

doublerabbit wrote: post #325
disillusioned wrote: post #275

Earlier quoted context omitted.

Yeah, but, just objectively speaking, look at how many _more_ business lines and units and actual PRODUCTS each of those other companies ship in comparison. Meta has... Facebook. Instagram. Threads, if you want to count it. What'sApp. The ad-tech that powers those things. A black hole of a VR division that has since been eviscerated after billions burned. An AR/device divison that sells glasses. And a burgeoning supe…

Meta has Facebook which was OG enough. MySpace was the real movement although you could argue LiveJournal was before that. Instagram was bought, WhatsApp was too. So really all Meta has is Facebook, everything else has been synergy. Apple / Google and as I hate to admit are innovators of the modern tech world. While they've bought their fair-share they still produce and create and have existed prior 00's. Two devices…

Apple innovate in hardware.

What Google innovated during the last decade?

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

#412

Post by qwertybrah »

rao-v wrote: post #401
akdev1l wrote: post #373

Earlier quoted context omitted.

I am convinced Mark Zuckerberg does more harm than good for Facebook like literally they lucked out on the landing the business model early but it feels it has been in an ongoing decline and everything else they have tried has failed spectacularly (and particularly things Mark has put his whole weight behind) They never became anything more than the ad company

Alright, apart from Instagram, WhatsApp, Llama 1 & 2 and somehow managing to sell nearly 10M less nerdy google glasses what has Zuck done for FB?

One step further. Besides Facebook itself whqt has zuck been visionary about ? Instw and WhatsApp was bought. He thought chatbots was the thing in ‘17, then abandoned it for VR and metaverse, all the while chatbots start taking off. Every time he’s in an interview he talks like he’s some savant, really he got lucky with fb and done nothing since

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

#413

Post by cruffle_duffle »

adammarples wrote: post #196
kartoffelsaft wrote: post #128

Earlier quoted context omitted.

As the article touches on, it's not just about what happened in 2020, but why it hasn't rebounded. It's been long enough we can't use 2020 as an excuse.

On the contrary, 2020 permanently changed the nature of many of my relationships and the same is true of everybody I know

Pretty much. Lots of people who really were violently supportive of those measures will never admit to themselves what a horrible, entirely predictable mistake it all was.

It absolutely destroyed a ton of very good things, perhaps forever.

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

#414

Post by torton »

nobleach wrote: post #21
shmatt wrote: post #11

if 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…

Things have changed. I worked with a very senior and professional recruiter at FB during that time. While things didn't work out then, someone else reached maybe a year and a half ago for a fairly similar role -- massive difference, strictly a disposable drone style process and barely a conversation. I chose to not even start the process.

A sample size of one but many anecdotes together can make a trend.

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

#415

Post by rokob »

pclmulqdq wrote: post #391
rsanek wrote: post #255

Earlier quoted context omitted.

Meta has about 10% more employees now than they did at the end of 2021. They currently have less than half the employees of Google or Apple; only a third of Microsoft. If you're right, the rest of big tech is in a much worse position.

Most of these companies kicked off the over-hiring in 2020 during the COVID boom they experienced. It was done by end of 2021.

This is actually a false premise pushed later to justify layoffs. They started overhiring in 2018-2019. They just continued a preexisting trend through 2021.

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

#416

Post by SturgeonsLaw »

dpc050505 wrote: post #390
Spooky23 wrote: post #385

Earlier quoted context omitted.

I think it’s hard to not have any kind of boss. There’s nobody to provide the critique needed to improve the products.

Everyone has clients and if your employees aren't incompetent sycophants they can give you actionable feedback.

Not a commentary on Zuck specifically, but many powerful people with fragile egos build an inner circle of incompetent sycophants

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

#417

Post by NotMichaelBay »

lenerdenator wrote: post #290
hintymad wrote: post #205

Let'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…

Well, if that's the case, it's time to hold leadership accountable, because they recklessly spent company money on hiring people who did not create value for the shareholders. Mark Zuckerberg ultimately approved that hiring initiative, right? He's the CEO; either he approved it or he approved of the hiring of the person that handled it and likely delegated the task to that person. Mark needs to be shown the door. Oh…

Oh no, poor shareholders, they must have blindsided. When did Mark gain majority voting power?

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

#418

Post by b00ty4breakfast »

rao-v wrote: post #401
akdev1l wrote: post #373

Earlier quoted context omitted.

I am convinced Mark Zuckerberg does more harm than good for Facebook like literally they lucked out on the landing the business model early but it feels it has been in an ongoing decline and everything else they have tried has failed spectacularly (and particularly things Mark has put his whole weight behind) They never became anything more than the ad company

Alright, apart from Instagram, WhatsApp, Llama 1 & 2 and somehow managing to sell nearly 10M less nerdy google glasses what has Zuck done for FB?

Pretty sure they bought Insta and Whatsapp. I mean, that's not nothing, buying a successful business and keeping it successful for over a decade. But neither Zuck nor Meta made those platforms; they were both established successes in their own right before acquisition.

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

#419

Post by wrigby »

rsanek wrote: post #255
hintymad wrote: post #205

Let'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…

Meta has about 10% more employees now than they did at the end of 2021. They currently have less than half the employees of Google or Apple; only a third of Microsoft. If you're right, the rest of big tech is in a much worse position.

I would argue that Meta had already overhired by the beginning of 2021, and the hiring spree was continuing.

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

#420

Post by gundmc »

strongpigeon wrote: post #406
tootie wrote: post #380

Earlier quoted context omitted.

Meta has substantially less revenue and less diversification than Apple or Google.

Meta is going to surpass Google this year in revenue. I agree on the diversification front though

> Meta is going to surpass Google this year in revenue. I agree on the diversification front though

Meta might surpass Google on _digital advertising revenue_.

Google's overall revenue is still ~2x Meta's

Post reply on HN