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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

#231

Post by UncleMeat »

dessant wrote: post #108
filoleg wrote: post #95

Earlier quoted context omitted.

I legitimately cannot see this question in the current context as anything but being made in bad faith. Do you seriously struggle to think of possible reasons for why someone would want to work for Meta? Something like "high pay, interesting/difficult challenges and problems to work on, large scale rarely found elsewhere, and lots of learning opportunities (including loads of great engineers to learn from)" never cro…

> Do you seriously struggle to think of possible reasons for why someone would want to work for Meta? Yes, I struggle to think of a good reason to work for such a harmful company as Meta. People usually don't land there because of a desperate need for money, which would probably be one of the very few acceptable reasons for joining that company. And why should my question be in good faith? Why should we not call out…

> Yes, I struggle to think of a good reason to work for such a harmful company as Meta.

Then you aren't actually asking to learn. Instead you are judging the poster. That's a thing you can do, but couching it in a question is terrible forum etiquette.

Re: Meta announces hiring freeze, warns employees of restructuring

#232

Post by lotsofpulp »

vaiso wrote: post #72
_boffin_ wrote: post #30

Earlier quoted context omitted.

Why?

Not the OP, and this is just speculation on my part so take it with a grain of salt. Meta gets the overwhelming majority (97.7%) of their revenue from advertising[1]. Their business model is completely reliant on using user data to sell highly targeted ads to sellers. While most consumers don't actually care what corporations do with their data, governments have been starting to crack down on the types of data that c…

> Netflix is probably going to the first FAANG company to fold

Why would Netflix go out of business? Are they overly burdened by debt?

Re: Meta announces hiring freeze, warns employees of restructuring

#233

Post by stephc_int13 »

The initially planned expenses for the year were about $95B.

I know this is pretty common for those big corporations.

But I think that should be put in perspective.

At 500M over more than 10 years Star Citizen is considered a scam or a waste of money and at least a proof of mismanagement.

Re: Meta announces hiring freeze, warns employees of restructuring

#234

Post by BurningFrog »

yuan43 wrote: post #161

> “I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg said. A Meta spokesperson declined to comment. The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years. The stock market is starting to behave more rationally, demanding that a company whose…

> The economy is stabilizing.

The economy is in the early phases of the biggest Fed tightening since at least the 1980s.

If you know where that will end up, congrats. For the rest of us, it's very much uncharted waters.

Re: Meta announces hiring freeze, warns employees of restructuring

#235

Post by laweijfmvo »

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…

Also spent $20m+ for security during the pandemic/lockdown, which the company pays for, while all us plebs sat at home.

Re: Meta announces hiring freeze, warns employees of restructuring

#236

Post by lavp »

rightbyte wrote: post #219
itsoktocry wrote: post #218

Earlier quoted context omitted.

>*The economy is stabilizing.* The economy is never "stable". It is constantly in a cycle of ups and downs, over-investment and under-investment, easy money and tight money... The current state is no more "normal" than any other period.

Zero is a special value you know, since zero times anything is zero. Edit: Except infinity ...

An infinite amount of nothing is still nothing.

Re: Meta announces hiring freeze, warns employees of restructuring

#237

Post by magic_hamster »

stephc_int13 wrote: post #193
q7xvh97o2pDhNrh wrote: post #176

Earlier quoted context omitted.

> centuries Centuries ? I haven't taken a close look at VR (though I'm flirting with buying a headset soon, just for kicks...) but I'd always assumed it was more like 10-25 years away. What are the hardware breakthroughs that you think would do it?

Brain implants. Or very light AR glasses.

Are you going to be willing to install a brain implant from Facebook? Dear God. It's like something out of a dystopian movie. No amount of money will convince me to do something like this, especially coming from Facebook, but any corporation really.

Very light AR glasses can be an interesting proposition but they will not provide the VR immersive experience.

I'm not sure what people expect from VR but it's not Ready Player One and will not be for a very long time. However, playing Half Life Alyx is quite phenomenal even today on current hardware.

Re: Meta announces hiring freeze, warns employees of restructuring

#238

Post by magic_hamster »

unity1001 wrote: post #145
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.

It defies description why they aren't bringing context-sensitive ads back. They didn't follow you all around the Internet, they were relevant in any given context, and you felt less need to block them out mentally.

I bet that showing ads based on context is somehow limited to people being in that context (i.e. in a specific website for instance), while being able to draw an audience from the entirety of Facebook users (in the billions) is more profitable.

Re: Meta announces hiring freeze, warns employees of restructuring

#239

Post by cl0ckt0wer »

foobarian wrote: post #164
yuan43 wrote: post #161

> “I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg said. A Meta spokesperson declined to comment. The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years. The stock market is starting to behave more rationally, demanding that a company whose…

And they don't even create (and then quickly retire) random new product. Do they? What would be Meta's equivalent of Stadia?

IGTV

https://www.theverge.com/2021/10/5/22710638/instagram-tv-igt...

Re: Meta announces hiring freeze, warns employees of restructuring

#240

Post by bee_rider »

sjm-lbm wrote: post #190
bee_rider wrote: post #131

Earlier quoted context omitted.

My feed is mostly not posts from people I know (for some reason it has started sending me tiktok length clips of standup comedians). Actually it is not so bad, some of the clips are pretty funny, but I could get that sort of content from tiktok or youtube I guess, I just happen to use the facebook app because it is already installed. Their fundamental advantage was network effect, I guess that is dead now that like 1…

My understanding is that this is the strategy: the network effect method for choosing what content you want (FB/Insta) is getting beat by the "algorithm determines what you are interested in" method for choosing what content you want, so Facebook is pivoting to the latter.

Maybe Myspace should make a concerted push back into the space Facebook has I guess decided to vacate.

It seems crazy to try and compete with Tiktok on their home turf, they sound to have a pretty competent implementation and Facebook has got to be about as nimble as a barge at this point.

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