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Meta tells staff it will cut 10% of jobs

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

#291
post #117

Earlier quoted context omitted.

Given facebook/Zuckerberg’s history it’s tough to give them the benefit of the doubt. From day one it’s been ruthless, harmful ambitions and business practices. It is a bad company that does bad things. They also burn capital at insane rates on projects nobody wants then fire everybody involved (see: the metaverse, the very reason they rebranded to that dumb name)

I can pretty much agree with everything you said in the first line but for the second, I guess I don't consider that terrible? they make risky bets, pay people tons and tons of money to try them, then if it doesn't work out they shut down the projects and let the people go? that feels like every startup except the employees actually get compensated. if that's driving the extra layoffs, it's hard to feel too bad for p…

have any of their risky bets paid off though? most of their main products have been acquisitions.

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

#292

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 ques…

many of the people that will be laid off are doing very real work. i certainly was!

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

#293
post #269

Earlier quoted context omitted.

Apple makes cutting edge hardware, at least two operating systems and lots of user applications. Google makes search, cloud, a decent office suite with the largest mail server in the world and of course cutting edge AI. It's easy to see why either of them needs twice as many people as Meta

Whatsapp powers entire economies, outside of North America. And then there's Instagram. If we're going by that reasoning, Meta's undersized.

Except those are both done.

WhatsApp could not change for the next 50 years, and it would continue doing that just fine.

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

#294
post #281

Earlier quoted context omitted.

Yeah, but, just objectively speaking, look at how many _more_ business lines and units and actual PRODUCTS each of those other companies ship in comparison. Meta has... Facebook. Instagram. Threads, if you want to count it. What'sApp. The ad-tech that powers those things. A black hole of a VR division that has since been eviscerated after billions burned. An AR/device divison that sells glasses. And a burgeoning supe…

Apple also has an entire international retail arm.

And an entire desktop OS and desktop software suite in pretty much all categories to compete with Microsoft. Also their hardware business is roughly 50-100X the size of Google's hardware business in scale and distribution.

The headcount analog for Google is Apple. And if you subtract out the retail employees Apple looks surprisingly efficient, having much less non-retail staff than Google (although both heavily use contractors).

Meta on the other hand...is pretty much the definition of bloat.

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

#295
post #269

Earlier quoted context omitted.

Apple makes cutting edge hardware, at least two operating systems and lots of user applications. Google makes search, cloud, a decent office suite with the largest mail server in the world and of course cutting edge AI. It's easy to see why either of them needs twice as many people as Meta

Whatsapp powers entire economies, outside of North America. And then there's Instagram. If we're going by that reasoning, Meta's undersized.

Neither needs a lot of innovation, just some maintenance. How many developers do you think Telegram has?

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

#296
post #255

Earlier quoted context omitted.

Meta has about 10% more employees now than they did at the end of 2021. They currently have less than half the employees of Google or Apple; only a third of Microsoft. If you're right, the rest of big tech is in a much worse position.

Yeah, but, just objectively speaking, look at how many _more_ business lines and units and actual PRODUCTS each of those other companies ship in comparison. Meta has... Facebook. Instagram. Threads, if you want to count it. What'sApp. The ad-tech that powers those things. A black hole of a VR division that has since been eviscerated after billions burned. An AR/device divison that sells glasses. And a burgeoning supe…

Totally. I'm sure I'm not alone in saying that if I had to pick a FAANG to put all my retirement savings into Meta would absolutely not be my pick.

Heck, if I was forced to either short or invest Meta with all my retirement savings now betting on it's value in 25 years.. I'd short it.

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

#297

Earlier quoted context omitted.

As someone who has worked at big tech (and interviewed fellow big tech workers), I can confirm this is pretty typical. People from Google, Meta, Microsoft, Apple, etc...it's all the same. Given the size of these organizations (anywhere from 100K-300K employees if you include contractors), there's a vanishingly small chance the individual you're interviewing had influence or responsibility over any important thing spe…

Given how inefficient Meta et al are, why do the pay so much more than the nimbler smaller companies? (Rhetorical question, I already know the answer: monopoly and regulatory capture) Of course those engineers would rather have more meaningful work if it came with similar compensation and work life balance.

Because you have to pay people more to do boring or evil work vs meaningful or exciting work

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

#298
post #255

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 ques…

Meta has about 10% more employees now than they did at the end of 2021. They currently have less than half the employees of Google or Apple; only a third of Microsoft. If you're right, the rest of big tech is in a much worse position.

[deleted]

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

#299
post #255

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 ques…

Meta has about 10% more employees now than they did at the end of 2021. They currently have less than half the employees of Google or Apple; only a third of Microsoft. If you're right, the rest of big tech is in a much worse position.

Both Google and Microsoft are bigger, and with more products than Meta.

But both Google and Microsoft also massively overhired around the same timeframe as Meta, and are still digging themselves out of the mess of their own making. And making their teams pay for such stupidity.

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

#300

Earlier quoted context omitted.

I'm guessing a lot of these large companies will have massive layoffs followed by slightly less massive re-hiring in 6 to 18 months.

but why rehire at all? if AI is even half as competent as they say it is, then they don't need all those employees. Afterall, some of the latest models are passing the GDPW benchmark with flying colors. wouldn't it make sense to just keep laying off more and more and replacing it all with AI? I think there's a big disconnect between how competent the AI crowd says it is vs reality.

It depends what your company does. In my case we are double our output and probably will be triple by summer. We are building new adjacent products and more complex features. Smoking our competition. So they better keep up or we will eat them. We let go of one person in the fall who just couldn't work this new way. Our head count is going to stay the same or go up by one more hire in the next few months. We are a dev/qa team of five people now, do billing systems...
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