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Meta plans thousands more layoffs as soon as this week

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Re: Meta plans thousands more layoffs as soon as this week

#341

Post by shapefrog »

JKCalhoun wrote: post #172
shapefrog wrote: post #122

Earlier quoted context omitted.

It takes a certain kind of cold detatchment to hire 5,000-10,000 people to r&d and build the foundation of your next big thing - drain every ounce of life out of them then discard them on the heap a couple of years later.

While I agree with your sentiment, this is a nasty business, I would like to think we also all know the game now. Do people go to work at Facebook[1], Amazon, etc., expecting to still be working there long enough to see their kids graduate and go off to college? [1] I'm still not going to call it "Meta" any more than I am going to call "Star Wars" "Star Wars IV: New Hope".

The alternative for many would have been something closer to a startup. In the case of Oculus - employees probably did quite nicely out of the company being aquired by facebook (?).

I guess if you are working on greenfields tech - one should avoid the big tech co. You have no real ownership of the innovaton and nobody is going to come along and buy you out if it goes well.

Re: Meta plans thousands more layoffs as soon as this week

#342

Post by saagarjha »

throwawaylinux wrote: post #90
arda_demirtas wrote: post #76

Earlier quoted context omitted.

I hate the attitude, the language and the fact that these people are running this world. "Approved, you go ahead" Just drains my energy and hope for the future.

I think Musk is a breath of fresh air from the sterile, managed, corporate-speak drones. He already proved a lot of... "experts" wrong about the imminent implosion of twitter after he got rid of a bunch of people. I'm very interested to see how things go in the next few years. Here's his side of the story on that. https://twitter.com/elonmusk/status/1633011448459964417 I have worked in companies with a lot of dead wo…

Corpspeak sucks and Twitter probably had more people than it needed. That being said, the solution to that is definitely not to hire someone who decides the final word for an exec is to post offensive memes on your account and shame individual employees after you fire thousands of them. The cuts weren’t quite random, but they were pretty haphazard, and a large part of why Twitter is still standing today is the work that went into improving it in the last decade, rather than smart decisions from Elon.

Re: Meta plans thousands more layoffs as soon as this week

#343

Post by saagarjha »

Laaas wrote: post #330
saagarjha wrote: post #60

Earlier quoted context omitted.

> Notice how things have gone quiet around Twitter lately. This was today: https://twitter.com/iamharaldur/status/1632843191773716481

https://twitter.com/elonmusk/status/1633253950198624257 And he apologises for firing him after humiliating him in public!

Probably realized there’s a multimillion severance contract in place.

Re: Meta plans thousands more layoffs as soon as this week

#344

Post by saagarjha »

gymbeaux wrote: post #87
saagarjha wrote: post #60

Earlier quoted context omitted.

> Notice how things have gone quiet around Twitter lately. This was today: https://twitter.com/iamharaldur/status/1632843191773716481

Watching a grown man beg Elon musk for his job on a social media platform is not something I expected to ever see. It's been two weeks- if his paycheck didn't come through, he has his answer. Obviously a s-show led by Elon, but on LinkedIn especially I am seeing a lot of posts where these ex-FAANG employees, who usually score severance measured in months rather than days or weeks, and who were already raking in a $25…

I’m not sure why you find it strange that people who have lost their jobs look to their network for support?

Re: Meta plans thousands more layoffs as soon as this week

#345

Post by robertlagrant »

gonzo41 wrote: post #146
meghan_rain wrote: post #98

Earlier quoted context omitted.

I love it when megacorps misinvest billions. Opens space for a competition that didn't.

It's actually kind of amazing that there's not any real consequence to making that bad call. It sucked up a lot of energy, lots of people tried to stake and early adopter position in the metaverse and it turns out everyone just didn't want that. I think they could have made more money if they built games into facebook. At probably a fraction of the cost really.

> there's not any real consequence to making that bad call

There is: they've spent a fortune of their money on building it.

Re: Meta plans thousands more layoffs as soon as this week

#346

Post by krapp »

robertlagrant wrote: post #345
gonzo41 wrote: post #146

Earlier quoted context omitted.

It's actually kind of amazing that there's not any real consequence to making that bad call. It sucked up a lot of energy, lots of people tried to stake and early adopter position in the metaverse and it turns out everyone just didn't want that. I think they could have made more money if they built games into facebook. At probably a fraction of the cost really.

> there's not any real consequence to making that bad call There is: they've spent a fortune of their money on building it.

Is that a real consequence? Are Facebook shutting their doors? Is Mark Zuckerberg no longer wealthy?

Re: Meta plans thousands more layoffs as soon as this week

#347

Post by robertlagrant »

krapp wrote: post #346
robertlagrant wrote: post #345

Earlier quoted context omitted.

> there's not any real consequence to making that bad call There is: they've spent a fortune of their money on building it.

Is that a real consequence? Are Facebook shutting their doors? Is Mark Zuckerberg no longer wealthy?

Yes, of course. It's not the sort of consequence that would be meted out by a parent, but it's appropriate. Facebook is much the poorer for it, as is appropriate for them trying a new thing.

Re: Meta plans thousands more layoffs as soon as this week

#348

Post by robertlagrant »

red-iron-pine wrote: post #192
peanuty1 wrote: post #124

Earlier quoted context omitted.

People loved Steve Jobs though whereas people hate Mark.

Steve Jobs was a misanthropic douche who routinely abused his own staff and screwed over many of those around him, including, famously, Woz. He just had really, really good marketing, and products that landed at just the right time.

Steve Jobs "landing products at just the right time" is a synonym for "was a wildly successful businessman".

Re: Meta plans thousands more layoffs as soon as this week

#350

Post by saberience »

RestlessMind wrote: post #308
layer8 wrote: post #302

Earlier quoted context omitted.

You are not seriously claiming that there are less than 6 companies that “pay well”.

I never claimed that. Just want to know the actual alternatives to test OP's claim about well-paying companies which don't make world shittier.

Could also go and work for a hedgefund, pays well or better than Meta and doesn't have a negative impact on the world.
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