Layoffs.fyi is not looking good right now.
I'm really surprised that they:
1) still have a submission form that doesn't require email
2) that they post my email-less submissions from my smaller USA city, too [farily quickly, as well!]
Meta tells staff it will cut 10% of jobs
791–800 of 923 posts
Re: Meta tells staff it will cut 10% of jobs
#792Earlier quoted context omitted.
Are you saying you interviewed meta engineers and found this? Or is this speculation?
As someone who has worked at big tech (and interviewed fellow big tech workers), I can confirm this is pretty typical. People from Google, Meta, Microsoft, Apple, etc...it's all the same. Given the size of these organizations (anywhere from 100K-300K employees if you include contractors), there's a vanishingly small chance the individual you're interviewing had influence or responsibility over any important thing spe…
Not at all my experience in big tech. Are you maybe extrapolating from working at Microsoft or IBM or something?
Re: Meta tells staff it will cut 10% of jobs
#793Earlier quoted context omitted.
-OR- a global meatgrinder to dispose of excess younger/impoverished males. Between you and me and the internet, I'm rooting for UBI.
Can't we throw billionaires in the meat grinder instead?
I think Flock nationwide tracking is the best metaphor / reality against any sort of that talk.
But as the Simpsons' favorite space alien duo observes: "why doesn't the workingclass, the larger of the two, simply eat the rich?"
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This will seem random, but the advice is: if you're still renting, see if you can pay a few quarters/years ahead. Real estate is locked-up worse than any millenial has ever experienced, rents are stagnant (being generous), and the dollar is quickly losing OPEC-status for obvious reasons. Perhaps this can save you some cash (even negotiate for less?!), and then the landlord class can feed its forever-temporary quest for the_gainz.
I am personally paid two years ahead, to a mom-and-pop local homeowner — at current undermarket rate. I save more money per month than most of my workingclass home-owning neighbors (I would NOT buy a house right now if you can find undermarket rents — increasingly commoner).
-OR- buy some gold1oz/silver10oz
-OR- rent out that 250sqft inlaw suite you thought'd be impossible to [if already house-trapped: it won't sell good rn]... and make both roof's occupant lives better.
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Just some random thoughts from an absolutely jaded #ElderMillenial
Re: Meta tells staff it will cut 10% of jobs
#794Earlier quoted context omitted.
Is he going to pay the severances out of pocket? Is he going to personally help those employees get back on their feet? Is he going to make sure their families are ok? Is he stepping down? What does it look like besides cheap talk from a cheap and clueless leader? The guy is just another mediocrity who tripped into a huge pile of money and now it’s everyone’s problem while he acts as a giant baby.
> Is he going to pay the severances out of pocket? More or less? The vast majority of his personal net worth is tied up in FB stock. As to the other questions -- the severance package is pretty generous.
Layoffs don't necessarily lead to share prices dropping, in the short term or long term. It definitely wouldn't impact the loans he presumably lives off of by using said shares as collateral.
Re: Meta tells staff it will cut 10% of jobs
#795Earlier quoted context omitted.
No but purposely forcing economic hardship on people when you're one of the most profitable entities on earth will always be a shitty thing. I'm sorry but treating workers like replaceable cogs is disgusting behavior and I'm not shocked that big tech routinely turns to anti-worker devices to enforce control.
Nobody is forcing anything to happen. People chose to work there. They get paid a HUGE amount of money. Now their projects ended or whatever. What world do you live in? Suicide? Crazy talk.
Man if you don't understand how unemployment leads to suicide you are truly a privilege individual. I honestly envy you now.
Re: Meta tells staff it will cut 10% of jobs
#796Earlier quoted context omitted.
Nobody is forcing anything to happen. People chose to work there. They get paid a HUGE amount of money. Now their projects ended or whatever. What world do you live in? Suicide? Crazy talk.
I'm not sure the 3 version of your account is going to fare better than the last[0] if you don't find a better way to contribute to the community. [0]: https://news.ycombinator.com/user?id=matchbok
I like how the account is just nothing but attacking workers while supporting the rich, classic VC mindset.
Re: Meta tells staff it will cut 10% of jobs
#797Earlier quoted context omitted.
> Would you rather them never hire them in the first place? If it's not sustainable? Yes. They shouldn't have hired them in the first place then. Such a major round of firing (the second one in only a few months) shows a completely failing leadership. I'm glad in Europe companies are much more conservative with hiring and firing. Because it's much harder to let employees go and there's strings attached. Don't forget…
There's also a reason why there are no innovative companies in Europe. If you make it hard to fire someone you make it hard to hire someone. Companies won't spin up risky projects if they can't spin them down. This is why Europe continues to fall behind the US and China. Accepting the mediocrity is abdicating the leadership of the world to China. If you like that, good for you. But I doubt the low-growth, low-innovat…
I'm tired of this American exceptionalism. Success is not only about money. It's about making a positive impact on the world for everyone. This is where the big tech companies deeply fail.
America poisons the world with pollution (eg pulling out of Paris Agreement), misinformation, promoting discord as 'engagement', unnecessary military engagements and screwing up the rest of the world.
And really, abdicating 'leadership' was already done by America by voting for Trump.
Re: Meta tells staff it will cut 10% of jobs
#798if 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…
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…
At my last job we generally had 3 interviews beyond the initial screening. One was a coding challenge (1 hour with 45 really working on the challenge), one was an architecture discussion, and one was more of a culture fit and similar with the hiring manager.
It worked very well for us, I was a bit surprised with some of the red flags that showed up that I wouldn't have expected to be caught in the hiring rounds done at previous jobs.
Re: Meta tells staff it will cut 10% of jobs
#799Earlier quoted context omitted.
I don’t know if it’s a badge of honor, but it’s definitely highly desirable because they pay a lot. The term FAANG was originally coined to group together extremely high paying companies. Basically, if you are L5 or above and can survive 4 years at Meta, you’re guaranteed to be a millionaire by the end of it. Go to levels.fyi and do the math yourself.
Mathing that backwards, you’re saying L5 makes 250k/year? That seems very low for Senior.
After paying tax, rent, food, retirement savings, etc, you will have a million in liquidity sounds like more than 250k/year.
Re: Meta tells staff it will cut 10% of jobs
#800Earlier quoted context omitted.
You don't need 80k employees to self-host. The Wikimedia Foundation does it with a team of few dozens SREs.
And just think how much more profitiable they'd be if they scaled up (◞ิ౪◟ิ)
You joke but they fund raise like they love money - lying to their users about needing donations...