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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

#461

Post by philipnee »

wjeje wrote: post #426
qwertybrah wrote: post #412

Earlier quoted context omitted.

One step further. Besides Facebook itself whqt has zuck been visionary about ? Instw and WhatsApp was bought. He thought chatbots was the thing in ‘17, then abandoned it for VR and metaverse, all the while chatbots start taking off. Every time he’s in an interview he talks like he’s some savant, really he got lucky with fb and done nothing since

Let’s go another step further! The continual success of fb and instagram has not come from zuck but through glorified A/B testing on steroids whilst lighting employee’s asses on fire each quarter to move the metrics. Visionary genius? My ass. Only Steve Jobs proved he is worthy of that title. Bro is a fraud. He always was - remember he stole the idea for fb. Thankfully he’s getting found out.

i argue that most ideas aren't necessary novel, so stealing idea isn't necessary bad.... e.g. i don't think google search was entirely novel, but was well executed.

honestly - meta has built quite a lot of cool things, but c-suite is probably to be blamed for what's going on today.

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

#462

Post by sixothree »

cft wrote: post #289
jldugger wrote: post #155

Earlier quoted context omitted.

No idea how the military analogy works but: large companies scale up by "in sourcing" their supplier's functions. Facebook collects their own metrics instead of using datadog. Their own logs instead of Splunk. Facebook's own high cardinality traces instead of Honeycomb. Own datacenters instead of buying from AWS. Own database(s) instead of Oracle. And then, since you have all these integrated functions, you can spend…

There is only one problem with Meta: Facebook itself is like a TV show that has ran its course. He's riding off what he purchased: Instagram and WhatsApp, but being a product thief he cannot create anything new.

I still feel like he stole the word "meta" from the world. It was ours. Not his.

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

#463

Post by ryukoposting »

yodsanklai wrote: post #333
yalogin wrote: post #181

I thought this will be 20% like we heard a few weeks ago. I am still waiting on the news that they are killing the quest headset though. It’s going to happen when mark finally lets go of this anchor

> I am still waiting on the news that they are killing the quest headset though. That would be sad. I've never owned a Quest, but the technology is starting to be very impressive. I would consider buying a new generation one.

It's unreal what the Quest headsets can do. Go look up "questnav." Robots on holonomic drivetrains moving at 20 ft/s while strafing and spinning, maintaining perfect pose tracking using nothing but a Quest 3S strapped into a 3D printed bracket. And with basically zero latency. Oh, programmed by high schoolers btw. It's astonishing.

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

#464

Post by riteshnoronha16 »

bandrami wrote: post #458

This is interesting because it's a case of "AI taking jobs" but not in the way people normally mean; these massive layoffs are happening not because AI is doing the work they used to do but because capex is sucking all of the operating money out of everywhere. The companies may be forced to replace some of the laid-off employees with AI (as far as possible) but that's an effect not a cause.

Yup feels like it.

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

#465

Post by gensym »

tech234a wrote: post #437

During mass layoffs, why haven't companies offered employees the opportunity to drop down to a four day work week? I'd think many would take the extra day off each week, even if it included a proportional reduction in pay.

There's a fixed cost to every employee. Health care being the biggest, so you don't save 20% by dropping an employee to 4 days / week, even with a proportionate pay cut.

Though the bigger reason is the belief that people who are willing to take a paycut in order to work less are not the people you want on the team. There's still a stigma to not making (or least pretending to make) your job the priority and treating every other part of life as a support role for it.

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

#466

Post by afavour »

stephbook wrote: post #452
b00ty4breakfast wrote: post #418

Earlier quoted context omitted.

Pretty sure they bought Insta and Whatsapp. I mean, that's not nothing, buying a successful business and keeping it successful for over a decade. But neither Zuck nor Meta made those platforms; they were both established successes in their own right before acquisition.

Only The Zuck saw the value though. Why didn't MS, Amazon or Google buy insta? Or some Softbank vehicle?

I’m sure the others saw the value too. It just wasn’t worth as much to them as Zuckerberg was prepared to pay. Not surprising given it’s a service that directly competed with FB in the social space.

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

#468

Post by breppp »

wjeje wrote: post #429
adi_kurian wrote: post #423

Earlier quoted context omitted.

Besides selling democracy for pennies on the dollar, Zuckerberg knew what to buy before everyone else knew what it was worth. In 2012, everyone around me was lauging at the absurdity of a 0 revenue photo app getting acquired for $1bn. My peers/superiors in the ad business thought Facebook would flail in digital marketing. Oops. The metaverse might be a big pile of bollocks, but isn't the whole point of being a billio…

No he bought everything out of paranoia to shut out competition. They tried organically to replicate instagram etc but they failed even though they had wayyyy more resources. Their attempts sucked. So their approach was to target for acquisition or copy features if they couldn’t. There’s plenty of evidence of this re. His comms around those events.

Only someone who had so much luck in finding a product that clicks, would know the worth of buying such a product

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

#469

Post by hackable_sand »

matchbok3 wrote: post #62
pan69 wrote: post #53

Earlier quoted context omitted.

Elections for executive leadership doesn't sound all that crazy to me. With 30+ years in the business I have witnessed my fair share of executive whackos that wouldn't have passed a basic sniff test if they had convince workers that they should be the one leading them.

We already have votes for leadership. It's called employment and market share.

Do you mean employment in a collective or as part of a union?

Also I don't understand what market share has to do with democracy. Is that some sort of voting scheme?

Is this a crypto thing?

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

#470

Post by culi »

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…

People bring up "overhiring" every single time. We've had like 3 years of these massive layoffs already. How many "corrections" do they need?

I'm beginning to feel like the "overhiring" line is a concerted campaign

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