Live data from Hacker News

Mark Zuckerberg explains why so many tech companies are doing layoffs

businessinsider.com

11–20 of 54 posts

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#11
> Meta's CEO said more recent layoffs are because companies realized being leaner can make you "more efficient."

So the real reason is the cargo cult Musk started at Twitter. Everyone now wants to proof that they also can keep the lights on with minimal staff.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#12
post #2

Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.

If it’s even remotely true that 70% of the super bowl traffic they sent to advertisers came from bots… then maybe for much longer.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#13
post #5

When public markets rewarded growth, you could let costs balloon and hire teams without worrying about profitability. Now, public markets reward profitability so you need to cut costs. Isn’t it that simple and this is just Zuck’s corporate spin on it?

This is pretty much it from what I see. Stripping back bit of the over growth from 2020-22, leave a bit more cash in the business.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#14
post #2

Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.

>They all saw Twitter cut 80% of its staff and yet is still online.

Maybe its a bit more complicated than that? If software is built around the business and if the business is no longer changing much maybe they simply don't need as many people around? After all, software can run hands off if you don't mess with it much.

IMHO it should be possible for musk to run Twitter singlehandedly all by himself if He has no intention to change anything. It should run fine until it needs something fixed due to a bug, a legal requirement or a partner change(some provider of some service changing something about their service).

Its kind of obvious that we are no longer in the age of Internet exploration, things are quite stagnant for some time and you don't need much explorers and sailors to do the same things. Know How is there, tools are mature. The average techie jobs have been automated to great extend, be it through tools they created or AI that can take care of busywork or understand legacy codebase without the need of retaining the people who built it.

The interesting things are happening in the AI, robotics and other areas but your average "tech" worker is not equipped to do these things.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#15
it's still because of overhiring. Can't trust whatever a CEO of a public company says, there are simply too many stakeholders. There is just less money floating around in couches. Ad spent is down, and will probably go down significantly once AI tools browse the web for me, negating any display ads. A lot of companies with no clear vision are booting employees since the unlimited money train has slowed down.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#16
post #8
post #7

Earlier quoted context omitted.

> Translation: They all saw Twitter cut 80% of its staff and yet is still online. Is it though? Any time there's a Twitter link, clicking on it has at least a 1/3 chance of seeing "Something went wrong. Try again?".

I mean, that was 100% before Elon took over though, not 1/3.

I understand why this is happening, but the current technical problems of twitter are way, way overstated. Twitter has always been very buggy. It is indeed correct that for the longest time every time you clicked a twitter link and it opened in your browser you had to refresh the window to see it. This was pre-Musk.

https://news.ycombinator.com/item?id=20471601

If this happened now you would see dozens of articles saying that twitter is melting down. But now, it turns out Twitter ran perfectly before! I can't help but scoff.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#17
post #14
post #2

Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.

>They all saw Twitter cut 80% of its staff and yet is still online. Maybe its a bit more complicated than that? If software is built around the business and if the business is no longer changing much maybe they simply don't need as many people around? After all, software can run hands off if you don't mess with it much. IMHO it should be possible for musk to run Twitter singlehandedly all by himself if He has no inte…

>IMHO it should be possible for musk to run Twitter singlehandedly all by himself if He has no intention to change anything.

Not sure if this was a Freudian slip, but love the capital "He" here as if Musk is on the same level as God.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#18
post #14

Earlier quoted context omitted.

>They all saw Twitter cut 80% of its staff and yet is still online. Maybe its a bit more complicated than that? If software is built around the business and if the business is no longer changing much maybe they simply don't need as many people around? After all, software can run hands off if you don't mess with it much. IMHO it should be possible for musk to run Twitter singlehandedly all by himself if He has no inte…

>IMHO it should be possible for musk to run Twitter singlehandedly all by himself if He has no intention to change anything. Not sure if this was a Freudian slip, but love the capital "He" here as if Musk is on the same level as God.

More like autocorrect :)

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#19
post #7
post #2

Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.

> Translation: They all saw Twitter cut 80% of its staff and yet is still online. Is it though? Any time there's a Twitter link, clicking on it has at least a 1/3 chance of seeing "Something went wrong. Try again?".

I don't experience many problems with Twitter, not visibly more than before the layoffs.

But still, let's assume the reports are true and there was nontrivial reduction in reliability... It was a very extreme engineering cut for a service which is still "generally working". I believe that tech executives are simply assuming that Twitter's decline has a lot more to do with Elon Musk's controversial persona than the service's reliability. While an 80% cut might be too much, they think, a 20% cut would work just fine.

Re: Mark Zuckerberg explains why so many tech companies are doing layoffs

#20
Okay. I hate management more than your average person, but actually I think there's some truth here.

There's a certain organization size at which coordination costs dwarf everything else.

Suppose the following toy model:

New Engineer is the Nth employee.

They add Value of 2, and coordination costs of N^.06.

There will come a point (around 100k employees) where each additional employee reduces productivity.

Better to have 10 organizations of 10k people, than one of 100k, imo.

Post reply on HN