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Meta announces hiring freeze, warns employees of restructuring

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Re: Meta announces hiring freeze, warns employees of restructuring

#151

Post by losvedir »

TacticalCoder wrote: post #113
boringg wrote: post #90

Earlier quoted context omitted.

iOS privacy has killed facebook advertisements. Meta is dealing with it currently - so are all small businesses who relied on good conversion from their ad targeting that has gone to isht since then. Apple will probably fill in that void at some point they've got a lock on all that intelligence. I'm curious how long it will take and how they will manage to do it without stepping on privacy toes.

> iOS privacy has killed facebook advertisements A problem I see with FB is that they don't control anything on which they run. They run on stuff from their competitors: it's either Google (Chrome / Android), Microsot (Windows / Edge) or Apple (OS X / Safari / iOS). Despite the downturn these three behemoths are still enjoying a market cap in the trillion+. Meta is actually down to $360 bn. Meta controls neither the…

But Facebook is a platform unto itself. If it was still an enjoyable product that everyone used, and connected to their local interests and groups on, they could still have great, targeted advertising I think. But people don't really seem to use it much anymore in earnest, and their targeting probably relied more on 3rd party scripts across the Internet which are being restricted.

Re: Meta announces hiring freeze, warns employees of restructuring

#152

Post by m_ke »

disabled wrote: post #129

Perhaps Zuckerberg should be paid significantly less? Perhaps Facebook employees should fight back? Like protest or leak controversial information, especially since Facebook is in the data hoarding business? But, stuff like this should make Facebook employees angry. Zuckerberg is not a person to envy. Read this: https://www.velvetropes.com/backstage/mark-zuckerberg-house Also, a few years ago Zuckerberg spent like $2…

If that grinds your gears check these out:

- https://www.dirt.com/gallery/moguls/tech/snapchat-evan-spieg...

- https://www.dirt.com/gallery/moguls/finance/brian-armstrong-...

Re: Meta announces hiring freeze, warns employees of restructuring

#154

Post by tw20212021 »

bitL wrote: post #82
axg11 wrote: post #28

Earlier quoted context omitted.

Have you ever interviewed with Meta? They are _the_ FAANG company that places the highest weighting on leetcode problems.

From my experience they place most weight on system design. They allow you to get 1-2 neutral flags from leetcoding and still get an offer.

When I did the system design interview the guy told me that zuckeberg created memcached. Not sure if he meant used or invented, could have just been a language thing. Anyway, I'm glad I didn't pass.

Re: Meta announces hiring freeze, warns employees of restructuring

#155

Post by 411111111111111 »

TacticalCoder wrote: post #113
boringg wrote: post #90

Earlier quoted context omitted.

iOS privacy has killed facebook advertisements. Meta is dealing with it currently - so are all small businesses who relied on good conversion from their ad targeting that has gone to isht since then. Apple will probably fill in that void at some point they've got a lock on all that intelligence. I'm curious how long it will take and how they will manage to do it without stepping on privacy toes.

> iOS privacy has killed facebook advertisements A problem I see with FB is that they don't control anything on which they run. They run on stuff from their competitors: it's either Google (Chrome / Android), Microsot (Windows / Edge) or Apple (OS X / Safari / iOS). Despite the downturn these three behemoths are still enjoying a market cap in the trillion+. Meta is actually down to $360 bn. Meta controls neither the…

> They want to change that by having people switching en masse to the Metaverse but I'm really not sure this is happening.

The tech isn't even close to there yet.

Current gen VR tech demos sparks the imagination, and it's definitely great for people that want to like it... But that's not even close to good enough for mass adoption.

Their teased prototypes look like a solid upgrade, but it's still not going to be enough.

Mobile procedures just don't have enough graphics power yet and the one's we do have consume too much power. We're missing several hardware breakthrough before mass adoption becomes likely from my perspective as a VR headset owner.

It's probably gonna happen eventually, but not necessarily with current tech.

Meta might succeed if it stays on the ball and keeps pushing for centuries, but i don't think it's management will do so.

Re: Meta announces hiring freeze, warns employees of restructuring

#156

Post by parkingrift »

Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. The core Facebook product is arguably worse today than it was 15 years ago. Meta's response to new market entrants is to just copy their features, and when they do attempt to innovate it's just comically off-base (Metaverse). This entire "Metaverse" play is so ridiculous it's deep into meme territory.

Meta should have plainly seen the writing on the wall with regard to their data collection and privacy practices but either wouldn't, or more likely couldn't, pivot to new areas.

And now Zuck is here saying this hiring freeze is due to the economic situation. Peak comedy. The reality is Meta has no answer for TikTok, BeReal, Apple/Google privacy changes, or whatever else is coming to the market next.

I wish Meta nothing but the worst, but I'm sorry for any unfortunate souls who chose to work their and will be out of a job.

Re: Meta announces hiring freeze, warns employees of restructuring

#157

Post by loeg »

fdgsdfogijq wrote: post #23
nobleach wrote: post #21

Earlier quoted context omitted.

Have you ever interviewed with Facebook/Meta? They don't do leetcode problems. Say what you want about them as a company, but I've done quite a few interviews in my career and their process was one of my favorites.

They are notorious for wanting their engineers to spit out memorized solutions of leetcode hards

Leetcode-style problems yes; "hards" specifically, no.

Re: Meta announces hiring freeze, warns employees of restructuring

#158

Post by kweingar »

nostromo wrote: post #69
petilon wrote: post #61

> “I had hoped the economy would have more clearly stabilized by now..” Zuckerberg said. Zuck is blaming the economy, but Meta's real problem is that Apple tightened iOS privacy. Meta had built a business on tracking people, and when iOS tightened privacy, Meta could not target ads as effectively as before.

Apple tightening privacy while TikTok is eating their lunch... Not to mention the Metaverse is/was a giant distraction.

Not very relevant, but an observation:

I've noticed that users on HN like to use the phrase "eating their lunch" to describe the dynamic between TikTok and Facebook.

It would be interesting to search HN comments from the past 12 months for "eating their lunch" and analyze what proportion of them refer to TikTok.

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