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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

#311

Post by dron57 »

Rapzid wrote: post #296
disillusioned wrote: post #275

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…

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.

Meta is going to have higher ads revenue than Google this year.

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

#312

Post by singpolyma3 »

BobbyJo wrote: post #233
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?

> Would you rather them never hire them in the first place? Isn't the obvious answer yes for everyone that sells their labor? If I gave you the choice between being an employee in an economy where it is more difficult to land a job, but you could be sure that job would last, or an economy where it is easier to find a job, but it was completely insecure, I think most would choose the former. No? Worring about finding…

If it's easy to find a job why would I care if I'm laid off? Just get another job.

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

#313

Post by yodsanklai »

nobleach wrote: post #21
shmatt wrote: post #11

if you've ever been through a Meta loop (and their method is to cast an extremely wide net, so chances are you have), you've seen how inefficient their loop can be for long term success 6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals" Once these candidates actually star…

That wasn't my experience at all. I had a recruiter screen where she asked me some technical questions. I then had a longer discussion, then a code screen, then an arch-deep-dive. The entire process was very professional and EVERY person came off like they really wanted me to succeed. (Sure it's an act but it's a very helpful act when you're in the hot seat) My intervews were in 20202/2021. Perhaps things have change…

My experience as well, both at Google and Meta. Very positive and well-organized. I also got feedback from the recruiter on each interviews.

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

#314

Post by Rapzid »

metadat wrote: post #259
pinkmuffinere wrote: post #250

Earlier quoted context omitted.

This seems a bit ridiculous, that’s only 5-6 years ago. Things change, but the mechanisms and culture isn’t entirely different.

Back in 2020, $META was desperate to hire. Nowadays the tide has turned and interview process shifted accordingly. They are super picky now, even for those who nail every stage of the interview, folks are still routinely passed over.

Market was so hot SNL did a skit where Meta just started sending paychecks to people as a recruiting tactic.

That SNL skit never happened, but the market was so hot it could have.

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

#315

Post by yodsanklai »

aprilthird2021 wrote: post #161
nobleach wrote: post #21

Earlier quoted context omitted.

That wasn't my experience at all. I had a recruiter screen where she asked me some technical questions. I then had a longer discussion, then a code screen, then an arch-deep-dive. The entire process was very professional and EVERY person came off like they really wanted me to succeed. (Sure it's an act but it's a very helpful act when you're in the hot seat) My intervews were in 20202/2021. Perhaps things have change…

If it was the exuberant period of overhiring from around that time, then you're talking about a different company who interviewed you back then

The recruiting process has barely changed since then.

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

#316

Post by Aurornis »

rsanek wrote: post #255
hintymad wrote: post #205

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.

> They currently have less than half the employees of Google or Apple; only a third of Microsoft.

Meta is the youngest company of that group. Apple and Microsoft have been around for over twice as long.

Meta also has the narrowest scope of those companies.

Really it's kind of amazing that Meta has so many employees relative to those other companies given how much narrower their business is. Puts the overhiring into perspective.

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

#318

Post by nemo44x »

For years the advantage big tech had was that capital expenditure was minimal and now with every big tech company trying to become an AI company they’re blowing gobs of money on data centers and everything that goes inside of them.

AI is a huge bubble right now and although it is useful and future models will be more so, the truth is that it’s a lot of pie in the sky too.

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

#319

Post by yodsanklai »

shmatt wrote: post #11

if you've ever been through a Meta loop (and their method is to cast an extremely wide net, so chances are you have), you've seen how inefficient their loop can be for long term success 6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals" Once these candidates actually star…

I believe they optimize for fairness and consistency. They interview a huge number of people from very different backgrounds so they need a standardized process. It's not perfect but I can understand the logic. And there's team matching phase if the candidate pass the interview, it's not a random allocation.

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

#320

Post by Lammy »

rsanek wrote: post #255
hintymad wrote: post #205

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.

> If you're right, the rest of big tech is in a much worse position.

Part of “Big Tech” hiring isn't just to have an important thing for everyone to do but also to keep competitors from having access to those people.

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