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Meta announces hiring freeze, warns employees of restructuring

bloomberg.com

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Re: Meta announces hiring freeze, warns employees of restructuring

#531

Post by itake »

seibelj wrote: post #403
itake wrote: post #402

Earlier quoted context omitted.

> they can switch to more advertising-friendly devices What are they? Android is copying Apple[0]. Desktop? [0] - https://www.cnbc.com/2022/02/16/google-plans-android-privacy...

It's a free market, someone can create a pro-advertising phone if they think it will be successful. Plenty of Android phones are chock full of terrible adware. It's tough for businesses that thrived on the privacy-compromising features of early 21st century adtech. They can adapt or die.

its not though. Android and Google have moats b/c the control the users.

Re: Meta announces hiring freeze, warns employees of restructuring

#532

Post by ivalm »

actually_a_dog wrote: post #476
ivalm wrote: post #397

Earlier quoted context omitted.

Yeah, and fb is bigger than them. The question is more about what it takes to be a trillion dollar co.

So what? Where's the cutoff? Tell me one tech company besides Apple, Google, and Microsoft that logic wouldn't apply to. (No, Tesla doesn't count.)

The only other tech giant that is a trillion dollar company is Amazon, and they own a lot of platforms. Beyond those 4 there are no other trillion dollar tech cos. The cutoff is pretty clear and the field is small.

Re: Meta announces hiring freeze, warns employees of restructuring

#533

Post by kenty »

switch007 wrote: post #123

At my company... 1. We're aware of the economic situation and what others companies are doing and are just monitoring 2. We decided to just to ever-so-slightly ease off the gas on hiring. It's definitely not a hiring freeze. Do not use those words. 3. Things are delayed just until the budget is discussed 4. No new hires (still don't call it a freeze) 5. Small amount of layoffs ? 6. Large amount of layoffs ? (1-4 was…

I think we work at the same little company. Tbh, we are already kind of at 5., some divisions are getting shut down and people have n months to find a new team. It's a game of musical chairs.

While others find him inconsiderate, I appreciate that Zuckerberg is at least not all corpspeak. Too bat he bet on the losing horse with the Metaverse and now has to stay in until either it succeeds or he gets sacked.

Re: Meta announces hiring freeze, warns employees of restructuring

#534

Post by eastbound »

biorach wrote: post #435
eastbound wrote: post #419

Earlier quoted context omitted.

Quoted post unavailable.

> there are two separate civilizations hurting each other on the French soil, Having actually spent some time in France I'm happy to be able to inform you that this is Fox News bullshit. It's better to base your opinions on experience in the real world than on whatever nonsense you see on the propaganda arm of the lunatic wing of the Republican Party

> Having actually spent some time in France I'm happy to be able to inform you that this is Fox News bullshit. It's better to base your opinions on experience in the real world than

Thanks, my goddaughter is a victim. A dozen of other events, but those can be repaired.

No-one is born racist. All the people I know who complain about the absence of penalty for rapists are victims. It’s real nice to see us blamed as racists.

So as I said: There are two groups of people in France. Those who excuse the rapists because of their race, and those who don’t.

And I belong to the non-racist group.

Re: Meta announces hiring freeze, warns employees of restructuring

#535

Post by parkingrift »

cetahfh14615 wrote: post #432
parkingrift wrote: post #156

Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. The core Facebook product is arguably worse today than it was 15 years ago. Meta's response to new market entrants is to just copy their features, and when they do attempt to innovate it's just comically off-base (Metaverse). This entire "Metaverse" play is so ridiculous it's deep…

> Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. Innovation at this point != success Just look at Oracle... they're still alive and doing OK They don't need to at this point. They have FB, IG, WhatsApp, and Messenger That's already a lot to begin with, they could've just coasted and they'd be fine But instead they have their i…

Fair point with regard to Oracle, but I’m not sure it’s reasonable to compare an enterprise B2B software company with a consumer business such as Meta.

I’d additionally argue that Meta is functionally coasting by way of flailing about on useless products. FB is flatlining, and IG is getting eaten alive by TikTok and BeReal. Oculus is seemingly healthy, and WhatsApp has a dominant and entrenched position. However, what is WhatsApp and Oculus worth if FB and IG fail?

Re: Meta announces hiring freeze, warns employees of restructuring

#536

Post by philjohn »

oblio wrote: post #482
philjohn wrote: post #441

Earlier quoted context omitted.

That assumes that the headsets won't get smaller and lighter over time.

If the threshold for the headsets to become comfortable in mainstream conditions is 10-15 years away, their metaverse will fail.

And yet phones started off big, bulky and with no features and now everyone has a smartphone in their pocket.

Re: Meta announces hiring freeze, warns employees of restructuring

#537

Post by oblio »

philjohn wrote: post #536
oblio wrote: post #482

Earlier quoted context omitted.

If the threshold for the headsets to become comfortable in mainstream conditions is 10-15 years away, their metaverse will fail.

And yet phones started off big, bulky and with no features and now everyone has a smartphone in their pocket.

I'm not saying that it's impossible. At some point we will reach the "good enough" threshold, that's quite obvious.

However your comment completely missed my point.

The first mobile phone was made in 1973, 34 years before the iPhone. The first commercially available mobile phone came out in 1983, 24 years before the iPhone.

If Zuckerberg bets Meta on the Metaverse, he better be prepared to keep investing with possibly low or no returns for 20+ years.

And VR is a much harder problem.

Re: Meta announces hiring freeze, warns employees of restructuring

#538

Post by garmanarnar »

bckr wrote: post #344
garmanarnar wrote: post #295

Earlier quoted context omitted.

That's literally just Google's hiring practices. There is a team matching phase for all engineers.

Cool. This was at AWS.

Oh neat. That is less common as it's usually the teams hiring devs directly.

Re: Meta announces hiring freeze, warns employees of restructuring

#539

Post by notacoward »

yuan43 wrote: post #161

> “I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg said. A Meta spokesperson declined to comment. The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years. The stock market is starting to behave more rationally, demanding that a company whose…

I get 37% based on what it was when I started in 2017, and that's net over attrition during the same time. Absolutely crazy. They need to not only clear out some deadwood but also change their engineering/evaluation practices so they don't have 10K engineers working on projects that only exist because of NIH syndrome and/or impact whoring.

Re: Meta announces hiring freeze, warns employees of restructuring

#540

Post by cbtacy »

Morizero wrote: post #343
cbtacy wrote: post #183

Earlier quoted context omitted.

True lightfield display would be a start....

Which reminds me, whatever happened to magic leap?

Flailing about? And of course what they were doing was NOT true light field display.
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