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Meta Freezes AI Hiring After Blockbuster Spending Spree

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Re: Meta Freezes AI Hiring After Blockbuster Spending Spree

#23

You'd think instead of paying 1 really good engineer $250M you could pay 5 really good engineers $50M each.

This is a Bighead on the roof scenario. They aren't paying $250m to actually have $250m worth of work produced. They're paying it so that their competition doesn't have it.

I liked it better when companies were hoarding bootcamp grads.

Re: Meta Freezes AI Hiring After Blockbuster Spending Spree

#24

Earlier quoted context omitted.

They have burnt $40B on metaverse fantasy!

Taxes are way too low

You don't think those employees and vendors' employees and/or vendors' shareholders paid taxes on their income, capital gains, and/or dividends?

Re: Meta Freezes AI Hiring After Blockbuster Spending Spree

#27
There has to be adverse selection here from the amount of money being offered right? Like ok, very few people could turn it down, but it's not going to result in a motivated team.

I am imagining all these overpaid founders etc just sitting in a room like reality show contestants. Trying to make smalltalk, brainstorm jamming for months, not really producing much because... who cares, they have unbelievable money and this is the weirdest scenario ever.

Re: Meta Freezes AI Hiring After Blockbuster Spending Spree

#28
post #27

There has to be adverse selection here from the amount of money being offered right? Like ok, very few people could turn it down, but it's not going to result in a motivated team. I am imagining all these overpaid founders etc just sitting in a room like reality show contestants. Trying to make smalltalk, brainstorm jamming for months, not really producing much because... who cares, they have unbelievable money and t…

You’re assuming they’re not ambitious, self-motivated, or curious.

Re: Meta Freezes AI Hiring After Blockbuster Spending Spree

#29
post #27

There has to be adverse selection here from the amount of money being offered right? Like ok, very few people could turn it down, but it's not going to result in a motivated team. I am imagining all these overpaid founders etc just sitting in a room like reality show contestants. Trying to make smalltalk, brainstorm jamming for months, not really producing much because... who cares, they have unbelievable money and t…

You’re assuming they’re not ambitious, self-motivated, or curious.

Usually things that go away with lots of money and corporate structure. I bet a good part of those new hires will land on the roof sooner or later.
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