Live data from Hacker News

Another Round of Layoffs at Meta

theverge.com

11–20 of 239 posts

Re: Another Round of Layoffs at Meta

#11
I would not invest in Meta's metaverse future.

It feels like Windows Mobile. Meta has the early start, money, captive audience and enthusiasm, but they don't have the hardware/software edge (that Apple coincidentally also has this time around) to really make the idea work. The headsets are not going to revolutionize much running Facebook games on budget Qualcomm SoCs, and Facebook cant buy an Unreal Engine or an M2 Pro overnight.

Re: Another Round of Layoffs at Meta

#14
post #7

Earlier quoted context omitted.

Maybe this will be true in the years going forward, but AFAIK even in 2022 they were still considered top tier FAANG to work for among new grads, if only for the fact that compensation is generally somewhat higher than their peers.

It's only higher than other big tech companies because they have so much difficulty hiring new grad. it's what's holding the funnel together, the moment comp drops compared to the others they will lose a ton of candidates.

Since ~2016 Meta employment has signaled to me that someone values high compensation above anything else. This view has become so popular that choosing to work at Meta indicates you are fine broadcasting this signal.

There might be some exceptions for those working on Oculus, but it's not a blanket exception.

Re: Another Round of Layoffs at Meta

#16
post #3

Facebook is copying the blue check thing from Twitter. I wonder if Zuck will also copy firing 75% of the staff.. lol.

I mean, twitter.com seems to manage to continue running fine with only 25% of staff left. I'm sure others are looking at that and going "hmmm"

Re: Another Round of Layoffs at Meta

#18
post #15

Engineering Managers will also begin to code again [1] [1] https://twitter.com/TitterTakeover/status/162873730347973836...

This whole management heavy culture needs to F off.

9/10 people who wants to be a manager are awful as software engineers and they know this is the only way they can stay in the game. Out of those who do become engineering managers it seems all they do is talk a bunch of nonsense and add tremendous levels of roadblocks because they suck at understanding the actual technical problems and I’ll be honest. They’re usually awful at understanding business needs too.

Get rid of eng managers.

Put in a team lead and a few people. If your teams are 20 people or something dumb just fire everyone and start over.

You don’t need battalions when the leaders aren’t even soldiers.

Just have fire teams where everyone is a soldier that reports to their team lead. These teams report to a director who is the battalion commander.

Managers should be rare. And they should be actually good at their job.

People don’t quit jobs they quit shitty terrible managers.

Re: Another Round of Layoffs at Meta

#19
post #6

Feels like we are in the midst of a live experiment wherein we find out just how overstaffed tech companies are.

or we find out that current gen of tech companies are no longer the innovators and wall st also has stopped buying the story of them being growth companies and wants their money back. Definitely good for the next gen if innovators!

Re: Another Round of Layoffs at Meta

#20
post #7

Earlier quoted context omitted.

Maybe this will be true in the years going forward, but AFAIK even in 2022 they were still considered top tier FAANG to work for among new grads, if only for the fact that compensation is generally somewhat higher than their peers.

It's only higher than other big tech companies because they have so much difficulty hiring new grad. it's what's holding the funnel together, the moment comp drops compared to the others they will lose a ton of candidates.

This is the case across most Big Tech. If not for compensation, why would you choose to work in a large organization? Tech productivity peaks somewhere around 500-2k engineers in an org, by the time you hit 10-50k different groups look like different companies in terms of coordination tax.
Post reply on HN