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Another Round of Layoffs at Meta

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Re: Another Round of Layoffs at Meta

#41

Post by yftsui »

sm_1024 wrote: post #29
brucethemoose2 wrote: post #11

I would not invest in Meta's metaverse future. It feels like Windows Mobile. Meta has the early start, money, captive audience and enthusiasm, but they don't have the hardware/software edge (that Apple coincidentally also has this time around) to really make the idea work. The headsets are not going to revolutionize much running Facebook games on budget Qualcomm SoCs, and Facebook cant buy an Unreal Engine or an M2 P…

Latest qualcomm SoCs seem pretty competitive in mobile market (3d mark): Snapdragon 8 Gen 2: 12726 (76 fps) A16 Bionic: 9827 (58 fps) https://nanoreview.net/en/soc-compare/qualcomm-snapdragon-8-...

A16 should be compared with Snapdragon 8 Gen 1, Samsung and Qualcomm always play this release half year later with “better performance at cost of energy consumption” game.

Re: Another Round of Layoffs at Meta

#42

Post by drstewart »

losvedir wrote: post #5

One round of layoffs at every company is just coming off the hiring bender of the last few years. But a second... that portends a third... and a general collapse of tech a la the dotcom crash. I had't been too worried yet, despite feeling lucky to have dodged the customary 7% at my company, but this news is starting to make me worry. Hopefully it's just Meta being in a uniquely bad position.

A first portends a second which portends a third which portends the collapse of tech which portends the collapse of the global economy which portends nuclear war which portends the extinction of the human race.

Now the 7% at your company has me truly worried.

Re: Another Round of Layoffs at Meta

#43

Post by Rastonbury »

Cutting twice is terrible for morale, anyone who survived the first is now worried, wondering when it's going to stop. I doubt much has materially changed since the first round, it was only a handful of months ago. Cut hard once, it won't be perfect, you can starting hiring again like BAU priority places that are breaking. Now this is drawn out 6 months of employees waiting for the sword to fall

Re: Another Round of Layoffs at Meta

#44

Post by seanhunter »

moomoo11 wrote: post #18
abledon wrote: post #15

Engineering Managers will also begin to code again [1] [1] https://twitter.com/TitterTakeover/status/162873730347973836...

This whole management heavy culture needs to F off. 9/10 people who wants to be a manager are awful as software engineers and they know this is the only way they can stay in the game. Out of those who do become engineering managers it seems all they do is talk a bunch of nonsense and add tremendous levels of roadblocks because they suck at understanding the actual technical problems and I’ll be honest. They’re usuall…

> If your teams are 20 people or something dumb just fire everyone and start over

This is one of the most irrational things I’ve ever read on here so congratulations I guess. The people in the team are not the ones to blame if the teams are too big, you are (if you are in charge). Therefore if you actually want to fix the problem, the person you need to fire before starting over is yourself.

Re: Another Round of Layoffs at Meta

#45

Post by jvolkman »

hackernewds wrote: post #33
jvolkman wrote: post #17

Earlier quoted context omitted.

Google just kept (is keeping) its laid off employees on the payroll during the WARN period, but cut all other ties. WARN notices went out when layoffs were announced.

That basically is what, and why, severance is provided. The employees stay on payroll and get regular pay during the WARN prior notice period.

Pretty sure the severance package is on top of the WARN period employment. The announcement said:

> We’ll pay employees during the full notification period (minimum 60 days).

> We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

Re: Another Round of Layoffs at Meta

#46

Post by mynameisvlad »

taeric wrote: post #38
brucethemoose2 wrote: post #11

I would not invest in Meta's metaverse future. It feels like Windows Mobile. Meta has the early start, money, captive audience and enthusiasm, but they don't have the hardware/software edge (that Apple coincidentally also has this time around) to really make the idea work. The headsets are not going to revolutionize much running Facebook games on budget Qualcomm SoCs, and Facebook cant buy an Unreal Engine or an M2 P…

I don't think you are wrong. I do think vr is Sony's to lose, though. The number of PlayStations they have in consumers houses is insane. And the new vr2 is quite impressive.

It’s also $150 more than the Quest 2 which has also been out for 2.5 years, I don’t really think it’s going to put any sort of dent into the Quest 2s numbers.

There’s about 7 million PS5s sold in the last quarter and about 1 million Quest 2s sold in Q2 last year. I somehow doubt that every one of, or even 1/7th of those PS5 owners will spend the cost of a console on PSVR so I would argue that it’s still very much Meta’s game to lose.

Edit: clarified the sales numbers are for a single quarter. The point is that even if there’s a lot of potential buyers for the PSVR I don’t think there will be nearly enough conversions.

Re: Another Round of Layoffs at Meta

#47

Post by gruez »

htag wrote: post #4

I imagine Meta has a harder time recruiting then their peer companies, because of their reputation and the moral hazard. I wonder how much investment it will take them to get staff levels back to where they are now. It really feels like they are peaking as a company.

> and the moral hazard

What’s the moral hazard? For reference, moral hazard doesn’t mean “working at an immoral company”.

https://en.wikipedia.org/wiki/Moral_hazard

Re: Another Round of Layoffs at Meta

#48

Post by moomoo11 »

seanhunter wrote: post #44
moomoo11 wrote: post #18

Earlier quoted context omitted.

This whole management heavy culture needs to F off. 9/10 people who wants to be a manager are awful as software engineers and they know this is the only way they can stay in the game. Out of those who do become engineering managers it seems all they do is talk a bunch of nonsense and add tremendous levels of roadblocks because they suck at understanding the actual technical problems and I’ll be honest. They’re usuall…

> If your teams are 20 people or something dumb just fire everyone and start over This is one of the most irrational things I’ve ever read on here so congratulations I guess. The people in the team are not the ones to blame if the teams are too big, you are (if you are in charge). Therefore if you actually want to fix the problem, the person you need to fire before starting over is yourself.

I’m ESL and the context of my comment is management and my opinion on what company should do. Get rid of engineering managers.

And yes. Fire all the management who caused shit to get that bad. I 100% stand by that.

Re: Another Round of Layoffs at Meta

#49

Post by hansvm »

airstrike wrote: post #16
mjfl wrote: post #3

Facebook is copying the blue check thing from Twitter. I wonder if Zuck will also copy firing 75% of the staff.. lol.

I mean, twitter.com seems to manage to continue running fine with only 25% of staff left. I'm sure others are looking at that and going "hmmm"

Am I misremembering reading about a major prolonged outage a few days ago?

Re: Another Round of Layoffs at Meta

#50

Post by [deleted] »

brucethemoose2 wrote: post #11

I would not invest in Meta's metaverse future. It feels like Windows Mobile. Meta has the early start, money, captive audience and enthusiasm, but they don't have the hardware/software edge (that Apple coincidentally also has this time around) to really make the idea work. The headsets are not going to revolutionize much running Facebook games on budget Qualcomm SoCs, and Facebook cant buy an Unreal Engine or an M2 P…

[deleted]
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