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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

#431

Post by autaut »

wmf wrote: post #394
dlev_pika wrote: post #274

Is this what Zuck meant when he said he “takes full responsibility” for spending 80 billion in the wrong direction?

Taking responsibility doesn't mean paying people to do nothing.

Is he going to pay the severances out of pocket? Is he going to personally help those employees get back on their feet? Is he going to make sure their families are ok? Is he stepping down?

What does it look like besides cheap talk from a cheap and clueless leader?

The guy is just another mediocrity who tripped into a huge pile of money and now it’s everyone’s problem while he acts as a giant baby.

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

#432

Post by sbrother »

drivebyhooting wrote: post #339
singpolyma3 wrote: post #297

Earlier quoted context omitted.

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

In my experience the pay difference was never that close that meaning and ethics played a role in the decision. Cool exciting and meaningful science job: 200k Big Tech surveillance capitalism job: 800k (at the low end) The calculus has only been about affording housing and providing for the family.

This is my experience too. I actually briefly took the cool exciting climate change related science job and then realized that I couldn’t actually support my family’s lifestyle on $160k so I left and went back to surveillance capitalism. I do feel guilt about that decision, but I like to imagine I’ll be able to go back to working on interesting and ethical things after my kids are out of the house.

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

#433

Post by wjeje »

SturgeonsLaw wrote: post #416
dpc050505 wrote: post #390

Earlier quoted context omitted.

Everyone has clients and if your employees aren't incompetent sycophants they can give you actionable feedback.

Not a commentary on Zuck specifically, but many powerful people with fragile egos build an inner circle of incompetent sycophants

I mean he’s got boz in his circle - is that short for bozo?

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

#434

Post by pizlonator »

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.

I would expect a company that makes some web pages to have less than half the people than:

- a company that makes the leading search engine, the leading browser, one of the two major mobile OSes, one of the major desktop OSes, some of the best ai hardware, and is in the running to win the ai race

- a company that makes the leading mobile and desktop OSes and the leading desktop and os hardware, one of the top consumer cloud offerings, a major online media store, and a popular consumer electronics retail store

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

#435

Post by autaut »

matchbok3 wrote: post #384
wolvoleo wrote: post #323

Earlier quoted context omitted.

> Would you rather them never hire them in the first place? If it's not sustainable? Yes. They shouldn't have hired them in the first place then. Such a major round of firing (the second one in only a few months) shows a completely failing leadership. I'm glad in Europe companies are much more conservative with hiring and firing. Because it's much harder to let employees go and there's strings attached. Don't forget…

There's also a reason why there are no innovative companies in Europe. If you make it hard to fire someone you make it hard to hire someone. Companies won't spin up risky projects if they can't spin them down. This is why Europe continues to fall behind the US and China. Accepting the mediocrity is abdicating the leadership of the world to China. If you like that, good for you. But I doubt the low-growth, low-innovat…

You have brain poisoning from reading too much slop online.

>But I doubt the low-growth, low-innovation world of Europe will make the next iPhone, AI, or chip. >chip

Do you realize that the cutting edge in chip technology is a Dutch company

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

#436

Post by autaut »

singpolyma3 wrote: post #304
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? It does seem like a lot of people would prefer this, they way they react to every layoff announcement.

It would be better because it would create a more diverse work space where multiple employers complete for employees, instead of one company playing musical chairs with people

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

#438

Post by aabhay »

gary_b wrote: post #241
killingtime74 wrote: post #228

Earlier quoted context omitted.

It's all true but the cafeteria is generally outsourced. Those employees are not on the books of the real enterprise and the software shared between all of the outsourcers customers. Same goes for many non-core functions.

I can confirm for a certain very large enterprise that this is not the case. The employees ARE on the books of the company and considered full time employees with full benefits, and the software is custom built for this enterprise, by this enterprise, and not shared with any other enterprises

Apple being Apple

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

#440

Post by altmanaltman »

pipes wrote: post #238
dsign wrote: post #84

I wouldn't make much of it; the economy looks a bit iffy right now due to the surge in energy prices and difficulties sourcing inputs. This affects mainly industrial enterprises, shipping and transport but those are no small sectors and anything that affects them ripples through the rest of the global economy. Where I live (Northern Europe), not only are those sectors already sacking people, but the banks are rising…

The raising interest rates right now makes no sense to me. Energy prices and layoffs will kill spending power. I think the central banks will overcompensate because they got inflation so wrong the last time.

Can you elaborate on what you mean by "central banks got inflation so wrong the last time"? You mean Covid or 2008?
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