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Meta tells staff it will cut 10% of jobs

bloomberg.com

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Re: Meta tells staff it will cut 10% of jobs

#201

Post by nrb »

matchbok3 wrote: post #126
BoredPositron wrote: post #86

Earlier quoted context omitted.

Reducing your workforce always means you either made a strategic mistake, your bottom line is hurting, your growth is stagnating or you hired McKinsey (lol) not a good sign for company health and always bad for morale.

Literally not true. Some bets just don't work. If a company tries to enter some new market and fails, they may use a layoff.

The strategic mistake is that they don’t have any other good ideas to deploy these folks toward. A company of this size and financial condition in technology with exceptional leadership should not be out of good ideas.

Re: Meta tells staff it will cut 10% of jobs

#203

Post by guzfip »

doublerabbit wrote: post #173
oxag3n wrote: post #118

Well, 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?

Hey, erlang is brilliant

Re: Meta tells staff it will cut 10% of jobs

#204

Post by mr_00ff00 »

jmull wrote: post #152
matchbok3 wrote: post #59

Earlier quoted context omitted.

Layoffs are a very normal thing for businesses to do. There is nothing "cowardly" about it. Would you rather them never hire them in the first place?

I don’t think the previous poster is saying all layoffs are “cowardly”, but pointing out that these ones are. I think they have a point. Facebook is making money. Tech is in a very dynamic phase, right now. This is a moment of huge opportunity for them, and one that won’t necessarily be as large in the future. To be contracting right now, rather than making a play, seems like a lack of leadership.

Not saying you are wrong, but you could argue they made their big move with the Metaverse. Then again with those crazy AI contracts to ML people.

Maybe Meta missed on those big plays and now there’s too much pressure to make another.

I don’t know if I believe that, but worth considering

Re: Meta tells staff it will cut 10% of jobs

#205

Post by hintymad »

Let's be honest, Meta over hired. Big time. If anyone ever interviewed a few Meta engineers, he would easily see that a large percentage of them had really small, and sometimes bullshit scopes. As a result, such engineers couldn't articulate what they do in Meta, couldn't deep dive into their own tech stacks, nor could solve common-sense design questions when they just deviated a bit from those popular interview questions. Many of those engineers were perfectly smart and capable. Meta have built so many amazing systems. So, the only explanation I can produce is that there's just too little work for too many people. I wouldn't be surprised if the ratio of meeting hours over coding hours per person went through the roof in the past few years in Meta.

Re: Meta tells staff it will cut 10% of jobs

#206

Post by kryogen1c »

rishabhaiover wrote: post #34

I 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.

> their intentions have become much more clear

The hunter Biden laptop story was censored - including in private messages - and Charlie Kirk was shown being shot in the neck to death to children.

There's nothing else to say.

Re: Meta tells staff it will cut 10% of jobs

#208

Post by ausbah »

kokanee wrote: post #168
mr_toad wrote: post #100

Earlier quoted context omitted.

> With time, their intentions have become much more clear Wasn’t the original intention behind facebook to accumulate a directory of hotties, probably with the aim of bringing them ‘closer’? They pretty much put it on the label; it’s not called personality book.

My theory is that Zuck has profound imposter syndrome due to the public knowledge that his joke of a side project in college went uber-viral and he has had to play CEO dress-up ever since. He has been desperate to prove that he actually has deep technological insight with his big bets on wearables and the metaverse and AI, but the truth is that his entire dynasty is built on people's need to snoop on pictures of thei…

you would think being valued at billions of dollars for over 20 years now would give you at least a little validation

Re: Meta tells staff it will cut 10% of jobs

#210

Post by lbrito »

doublerabbit wrote: post #173
oxag3n wrote: post #118

Well, 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?

Haskell!
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