I thought this will be 20% like we heard a few weeks ago. I am still waiting on the news that they are killing the quest headset though. It’s going to happen when mark finally lets go of this anchor
Meta tells staff it will cut 10% of jobs
181–190 of 923 posts
Re: Meta tells staff it will cut 10% of jobs
#182Re: > If America’s so rich how’d it get so sad > https://www.derekthompson.org/p/if-americas-so-rich-howd-it-...
America is rich, but that money is spent on new problems we invented for ourselves. We subsidize farmers growing unhealthy foods, then subsidize buying those unhealthy foods through food stamps. Then we subsidize healthcare to address the consequences of extra obesity.
Single-use zoning makes it illegal to build the places people want to go within walking distance of where they live, so we spend trillions over decades building car infrastructure to allow people to commute. Of course the consequences of commuting by car is more pollution and less exercise, again causing health issues.
Re: Meta tells staff it will cut 10% of jobs
#183Re: Meta tells staff it will cut 10% of jobs
#184[deleted]
Re: Meta tells staff it will cut 10% of jobs
#185I find the scale of some companies hard to understand, they're laying off multiples of the total number of employees of the largest company I've worked at.
Internally they operate like a government or military and less like a normal company.
There are very few government organizations here in Brazil with more than 8k people under the same management.
Re: Meta tells staff it will cut 10% of jobs
#186Well, they could layoff 100% and world would be a better place to live. It really sucks for software engineers though - first these companies made a hype out of "coding" and hacking to build those monstrosities, now they switched to squeezing the accordion to keep the music going. This is not the first time and I hope not the last one - just need new Yahoos of 20s to pop up.
> just need new Yahoos of 20s to pop up. I'm up for building this. What dinosaur languages should we code this in? erlang, tcl and perl?
Just use lisp.
Re: Meta tells staff it will cut 10% of jobs
#187I have a genuine dislike for all Meta products now. With time, their intentions have become much more clear and it was never to bring people closer or whatever.
Meta products are pretty good specifically if you're a business owner who wants to advertise his product.
Re: Meta tells staff it will cut 10% of jobs
#188Well, they could layoff 100% and world would be a better place to live. It really sucks for software engineers though - first these companies made a hype out of "coding" and hacking to build those monstrosities, now they switched to squeezing the accordion to keep the music going. This is not the first time and I hope not the last one - just need new Yahoos of 20s to pop up.
> just need new Yahoos of 20s to pop up. I'm up for building this. What dinosaur languages should we code this in? erlang, tcl and perl?
You may need to sit down for this, but when Yahoo launched, TCL was 6 years old, Perl was 7, and Erlang was 8. Today, Go is 14, Swift is 12, and Rust is 11.
Re: Meta tells staff it will cut 10% of jobs
#189I have a genuine dislike for all Meta products now. With time, their intentions have become much more clear and it was never to bring people closer or whatever.
Now? NOW? Not 15 years ago?
Re: Meta tells staff it will cut 10% of jobs
#190It's an honest surprise that this isn't spun as "internal AI efficiency gains." They want the efficiency, of course there's AI component, but they're not pre-claiming victory. Neat. It's worth remembering that there's an _actual_ underlying economic problem here. Interest rates are up. AI spending is expensive. A dollar invested in a company needs to do _more_ than it did 5 years ago, relative to sitting in treasury…
Literally, what else can they possibly do that hasn't been done? there's just limited opportunity.
I agree. A lot of people have an unspoken assumption that there are unlimited amounts of positive EV investments for any given company to make. This also underpins the extremely common idea that dividends and buybacks are always happening at a direct cost to growth and R&D.