"How" left off of article title. I understand why that happens though.
It’s automatically stripped by HN when an article is submitted.
A morale crisis after multiple Meta layoffs
11–20 of 193 posts
Re: A morale crisis after multiple Meta layoffs
#12Meta is still a 600B company and large credit goes to Zukerberg. His insight into jumping to mobile at the very beginning, making critical acquisitions, relentlessly going to new geographies, investment in AI all played off. Every major company made mistake including Google ( Google Plus ), Microsoft ( Windows phone ) and apple ( entire 90s ). A company making mistake just means they are still taking risks and not sailing to oblivion.
Moreover we still don't know how entire VR game will play off given the technical arc. Just one or two cycle hardware innovation may make VR successful.
Re: A morale crisis after multiple Meta layoffs
#13Re: A morale crisis after multiple Meta layoffs
#14Stock is doing great, so how bad is it really.
Re: A morale crisis after multiple Meta layoffs
#15> In a statement, Meta spokesman Dave Arnold said the conditions that led to the layoffs are “well known and reverberating throughout the industry.” Sad that you can get away with a statement like that.
conditions that led to spokespeople getting away with statements like that are “well known and reverberating throughout society”
Re: A morale crisis after multiple Meta layoffs
#16> In a statement, Meta spokesman Dave Arnold said the conditions that led to the layoffs are “well known and reverberating throughout the industry.” Sad that you can get away with a statement like that.
To be fair the planned 3Q23 artificial recession produced by the fed is fairly well known and the proactive layoffs just in case are reverberating through tech.
Re: A morale crisis after multiple Meta layoffs
#17For me the big turning point at Meta was the acquisition of Oculus. At the time, it was great, forward-thinking and gave everyone a lot of hope for the future of Meta and even society if you believed the hype. This peaked at about 2020 when the opportunity for VR and remote work became real and necessary due to an unprecedented pandemic. However, we all know the rest; hyperfocus on VR to the detriment of the rest of…
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Re: A morale crisis after multiple Meta layoffs
#18> Ambitious managers could move up the ladder by proposing projects requiring them to spin up a new team or claim a departing manager’s direct reports. These climbers were privately called “empire builders”...
Same at Apple (and same term) when they were flying high after the iPhone success.
Apple began that insane period though (perhaps beginning around 2001 or so with the iPod introduction) after having wandered in the desert for half a decade, having nearly gone out of business.
In hindsight the circling-the-drain of the late 90's was a good experience for Apple — gave them focus, clarity. Or perhaps that was just due to Jobs returning and bringing his own focus and clarity to the company.
Regardless, Facebook has only seen up, up, up.
Perhaps all tech companies need a bit of sobering (sobriety?) to pull them back to reality.
Re: A morale crisis after multiple Meta layoffs
#19Mistakes happen, the bigger you are the bigger your mistakes. It’s a good reminder that we are all mortals here. Frankly based on how addicted almost everyone is to their cell phones and social media it was the natural move to make, I think meta fumbled the execution or was just too premature. AI is a great pivot. I think they will be fine.
Re: A morale crisis after multiple Meta layoffs
#20Meta is still a 600B company and large credit goes to Zukerberg. His insight into jumping to mobile at the very beginning, making critical acquisitions, relentlessly going to new geographies, investment in AI all played off. Every major company made mistake including Google ( Google Plus ), Microsoft ( Windows phone ) and apple ( entire 90s ). A company making mistake just means they are still taking risks and not sa…
The problem of VR goes beyond hardware innovation: most people don’t want to completely shut themselves off from the world for hours on end.