Gave my notice yesterday, last day of work is Feb 3... 7 days before the layoff.
Why wouldn't you wait until the vest?
Meta announces 5% cuts in preparation for 'intense year'
211–220 of 432 posts
Re: Meta announces 5% cuts in preparation for 'intense year'
#212Earlier quoted context omitted.
I know people love to describe future events in terms of past events but am afraid America is heading in a direction entirely orthogonal to its history.
i read a lot of history especially US, i don't think so at all. the reawakening? prohibition? you should definitely see the Reagan admin as a parallel
There are so many striking dissimilarities with Reagan admin on all but a handful policy directions that it can't serve as a parallel.
Re: Meta announces 5% cuts in preparation for 'intense year'
#213> “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the memo Doesn't this beg the question of why the bar wasn't higher the whole time?
They used to have a higher bar before 2020, but since then it's been a bit soft. I think this is mostly a return to that earlier time.
Re: Meta announces 5% cuts in preparation for 'intense year'
#214It seems Zuck is turning into Elon. What's next? closing the European offices? forcing people to return to the office? relocating HQ to Texas?
Elon had a great year.Him weaponizing Twitter to go all-in on Trump has earned him so much political capital that those perky 50billion he paid for it look like a still now. I bet Zuck is feeling the heat, now with the government gunning for TikTok and looking at monopolies
Re: Meta announces 5% cuts in preparation for 'intense year'
#215how much more confirmation do we need that we are in a recession?
if you use a more reasonable calculation of inflation and calculate real GDP according to that, you'll see we've been in recession almost half of the years for the last 25 years. Personally I prefer to use the US case shiller housing index as a good indication of long term inflation. Housing prices are so high, it is the basket of goods that matters the most.
You might be confused by the CPI. The GDP is actually adjusted using a different measure of inflation (the "GDP deflator"), which looks at the actual purchases made in the country over that period. There's not really any "reasonable" alternative calculations to be made there.
Re: Meta announces 5% cuts in preparation for 'intense year'
#216When I was an engineering manager there, engineering leadership described performance reviews as, in a large well run engineering organization, you'll probably be firing 5-10% of your employees every year for low performance. (Well, "non regrettable attrition", which includes people who quit when they get pipped.) Lower than 5% at scale would be a red flag, not necessarily wrong, you don't want to "stack rank" with a…
Isn't this quite paradoxical that those kind of companies have hard interviews where you have to almost prove that P=NP in front of 5 people that judges everything you do, yet they fire engineer because "ratio"? Could this lead to a manager that tries to have the best team for himself will always include average employees that they can easily fire?
Yup, it will become a self-fulfilling prophecy where you hire extra, possibly not top candidates, just so you have something to shed when the time comes without affecting your existing team.
Re: Meta announces 5% cuts in preparation for 'intense year'
#217So in the first two weeks of the year Zuck has announced:
- Replacing their global policy chief with the company's highest ranking Republican.
- Appointing Dana White to the company's board.
- Changing content policies to be aligned with the incoming administration.
- Elimination of DEI programs in hiring.
- Removing tampons from men's restrooms.
- Defending all this in a 3 hour Joe Rogan interview. Ranting about the lack of "masculine energy" at the company.
- 5% layoff of low performers. Company needs to get "intense".
Is this history's most bizarre midlife crisis? What is going on with this man?
Re: Meta announces 5% cuts in preparation for 'intense year'
#218Can someone explain why there is so much porn on fb/ig these days?
Re: Meta announces 5% cuts in preparation for 'intense year'
#219When I was an engineering manager there, engineering leadership described performance reviews as, in a large well run engineering organization, you'll probably be firing 5-10% of your employees every year for low performance. (Well, "non regrettable attrition", which includes people who quit when they get pipped.) Lower than 5% at scale would be a red flag, not necessarily wrong, you don't want to "stack rank" with a…
Isn't this quite paradoxical that those kind of companies have hard interviews where you have to almost prove that P=NP in front of 5 people that judges everything you do, yet they fire engineer because "ratio"? Could this lead to a manager that tries to have the best team for himself will always include average employees that they can easily fire?
The firing is not motivated by the ratio. It's not a handcuff saying you must find x% of the workforce to fire.
It's setting a bar that when evaluated on a curve a certain percentage of your employees wind up being below that bar. You derive the ratio from how aggressive you expect your bar to be.
But no one is saying you need to fire people. They're saying they expect a certain amount of lower performers and if they don't see it, they want to know reason. But it also only manifests at much higher populations than an individual team. Totally possible a small enough team has everyone >= meeting expectations.
Re: Meta announces 5% cuts in preparation for 'intense year'
#220When I was an engineering manager there, engineering leadership described performance reviews as, in a large well run engineering organization, you'll probably be firing 5-10% of your employees every year for low performance. (Well, "non regrettable attrition", which includes people who quit when they get pipped.) Lower than 5% at scale would be a red flag, not necessarily wrong, you don't want to "stack rank" with a…
Viewed in isolation, the number of redundancies might not be unusual, but how it's being presented to the employees is.
Before, Zuckerberg rhetorically accepted responsibility for lay-offs, but now he's making clear that the people he's firing are entirely to blame. He's deliberately talking up the firings, bringing them closer, making them feel more personal and making it a bit harder for the people fired to get replacement jobs, all for the purpose of cratering his own employees' morale.
He's making Facebook a pro-MAGA company and has decided that the way to make the workers get with the program is to intimidate them.