If you’re looking for a job with similar pay, sure.
But if you’re willing to accept that maybe you were making over market and your next job will be more of a paycheck reality check, then it should be easier to find work.
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If you’re looking for a job with similar pay, sure.
But if you’re willing to accept that maybe you were making over market and your next job will be more of a paycheck reality check, then it should be easier to find work.
1) I know from an internal source that impact is known by now (this week) by the local leaders. There's a very specific criteria. This has been "socialized" with some survivors, but not all.
2) The Capex in building AI is what's causing this wave. That's not surprising.
3) The AI buildout caught a lot of companies with their pants down without financial firepower to make investments. People are surprised by new tech paradigms all the time, it's a permissible mistake. What's crazy is, why were these people hired in the 1st place. There would have been no bloodbath if that salary money was sitting in the balance sheet, as a muscle ready to be flexed. Instead, they just ate fat and now it needs to be trimmed.
4) >>> personal sacrifices you are willing to make
This strikes as very hollow. The very last thing anyone thinks about is personal sacrifices, when thinking about working at meta. Unless you are a paladin and you think selling people ads or getting them addicted to apps is some sort of an unholy dark spell, what's there not to like?
5) >>> fresh out of college came to expect six figures, free food, gym memberships, laundry services, and company stock that only went up. It seemed less like a job market and more like winning a particularly nerdy and privileged lottery. That’s not what it feels like anymore.
None of those things actually changed, except of course they expect you to do the work 24/7. Before it may have been 25/4. So the bar has been raised a little, yes, but the people working there still winners of "the nerdy and privileged lottery"
Why do people continue to work at Meta? Especially when it's been clear to all for several years now that their plan to Change The World is to make the world a far worse place? Why do people want to be a part of that and remain a part of that?
I think initially it was the challenge, possibilities and money. Now... maybe just the money?
Imagine trying to hire engineers in 2 years with all of these stories lingering. There was maybe a brief window where "everyone understood" there had to be a correction to the post-pandemic overhiring spree... but we're well past that now. These companies doing this kind of performative cruelty have started their inexorable destruction.
You could have said this every year for so many years about so many companies. If people will work for Palantir, they'll work for Facebook. Facebook could be a lot worse and I think a lot of their employees would stick around. I guess a response at the industry level would be not hiring ex-FB people etc, treating it as a red flag.
Meta has a lot of overpaid employees for what is basically an image posting and message board app. Im extremely bullish on AI reducing expenses at Meta as an investor with little harm to the business.
Such a nice euphemism for data grabbing / social graph building / spying / AI training machine!
Earlier quoted context omitted.
Meta is only network effects. You could build that in a weekend, and so could I. or you could just fork Mastodon. What keeps people from leaving is that their friends are still on it: network effects
I feel like making a system capable of delivering the amount of data that WhatsApp/instagram deliver to billions of people worldwide would take more than a weekend.
Meta has a lot of overpaid employees for what is basically an image posting and message board app. Im extremely bullish on AI reducing expenses at Meta as an investor with little harm to the business.
Yeah! One of the most profitable companies in the world is just a message board and image host! I could build that in a weekend
Earlier quoted context omitted.
Yeah! One of the most profitable companies in the world is just a message board and image host! I could build that in a weekend
Meta is only network effects. You could build that in a weekend, and so could I. or you could just fork Mastodon. What keeps people from leaving is that their friends are still on it: network effects