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Facebook reportedly laying off thousands of employees

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Re: Facebook reportedly laying off thousands of employees

#71

Post by ianbutler »

akmarinov wrote: post #22
username_my1 wrote: post #14

Earlier quoted context omitted.

What?! They built a phone, copied or bought every social media they could, invented lots of tech (DB, react-native…), they’re spending everything on the meta verse That’s why they hired so many people

The tech like RN, GraphQL, doesn’t really bring them any money. And what is the metaverse really? How is it monetized? That’s OP’s point, aside from Facebook, everything they have is acquired - Whatsapp, Instagram, Occulus. And even within Instagram, they constantly just copy other apps - Snapchat stories, Tiktok for reels, etc Facebook can’t have an original idea to save their life

The meta verse will be monetized the same way Apple monetizes the App Store and anything else that goes on through their platform. A percentage cut of all transactions.

That’s why a lot of companies are trying to make the meta verse work. If they’re successful in owning the meta verse they now have a nice big walled garden on which to extract continual rent from.

It’s also very much not what the average person wants so we’ll see how it goes

Re: Facebook reportedly laying off thousands of employees

#72

Post by bagels »

Jorengarenar wrote: post #70
mhoad wrote: post #60

Earlier quoted context omitted.

And just think all it took was a couple of genocides, breaking society and becoming one of the most despised people in the world.

Genocides?

www.washingtonpost.com Facebook sued by Rohingya refugees for role in alleged Myanmar genocide

Re: Facebook reportedly laying off thousands of employees

#73

Post by technion »

randomsearch wrote: post #46
fny wrote: post #23

Facebook employs over 58K people. This is not a big deal especially considering tech went on a * massive* hiring binge recently. [0] Facebook had a recruiting crisis in 2021: https://www.protocol.com/workplace/facebook-docs-hiring-recr... [1] Facebook aimed to hire 10K Europeans for metaverse in 2021: https://www.reuters.com/technology/facebook-plans-hire-10000... People underestimate just how much COVID and the rapi…

12 000 people out of 58 000 is “not a big deal”? It’s especially a big deal in the context of Facebook’s decline and bleak outlook. They’ve been outcompeted by TikTok, and their bet on VR looks misguided. Facebook look doomed, and this is a big step in that direction.

On that issue I've never seen a LinkedIn message from a Tiktok recruiter, or heard messages about mass hiring. Anyone know if they operating on a much lower staff count?

Re: Facebook reportedly laying off thousands of employees

#74

Post by camillomiller »

Jorengarenar wrote: post #70
mhoad wrote: post #60

Earlier quoted context omitted.

And just think all it took was a couple of genocides, breaking society and becoming one of the most despised people in the world.

Genocides?

Yes genocides. Facebook played a pivotal role in the Rohingya genocide in Myanmar. They even admitted to that, but nobody gives a flying f.

Re: Facebook reportedly laying off thousands of employees

#75

Post by solidasparagus »

gsatic wrote: post #69
jmathai wrote: post #27

Earlier quoted context omitted.

I worked at Yahoo! when the company offered to acquire Facebook for $1.4 billion. Most thought Zuck was a fool to pass on that. He 300x’d it in 10 years.

He is still a fool. He says he wakes up everyday felling like he is getting punched in the stomach. What more proof do you need?

You don't have to like the man but, I think it's pretty clear that running any global social media company is miserable and filled with impossible decisions + people who will hate you no matter what choices you make.

It sounds like many social media CEOs would agree that it's like getting punched in the stomach every day

Re: Facebook reportedly laying off thousands of employees

#76

Post by sidlls »

louistsi wrote: post #35
ohgodplsno wrote: post #28

Earlier quoted context omitted.

"managing out" This is about the worst kind of doublespeak I have ever heard. It is actively malicious, the very thought of it brings images of purposeful abuse of employees. Seriously, just fire people.

Doesn't always mean the same thing, "managing out" could mean firing, but it could also mean creating an inhospitable environment for work, like demotion, allocating drudge work, removing responsibilities, etc. To manage them out of the company "by their own choice", which is unfortunately just as bad if not worse.

That would be “constructive termination”. It’s too bad the deck is stacked against labor such that it is so hard to actually prove. But that’s why I keep a detailed journal of my activities and make copies of the overwhelmingly positive peer reviews I receive at performance reviews.

Re: Facebook reportedly laying off thousands of employees

#77

Post by ohgodplsno »

louistsi wrote: post #35
ohgodplsno wrote: post #28

Earlier quoted context omitted.

"managing out" This is about the worst kind of doublespeak I have ever heard. It is actively malicious, the very thought of it brings images of purposeful abuse of employees. Seriously, just fire people.

Doesn't always mean the same thing, "managing out" could mean firing, but it could also mean creating an inhospitable environment for work, like demotion, allocating drudge work, removing responsibilities, etc. To manage them out of the company "by their own choice", which is unfortunately just as bad if not worse.

Yep, it's exactly what I'm saying. Managing out people is the kind of thing that ought to be punished by law (and in many sensible countries, is). Just fire people.

Re: Facebook reportedly laying off thousands of employees

#78

Post by radicalbyte »

technion wrote: post #73
randomsearch wrote: post #46

Earlier quoted context omitted.

12 000 people out of 58 000 is “not a big deal”? It’s especially a big deal in the context of Facebook’s decline and bleak outlook. They’ve been outcompeted by TikTok, and their bet on VR looks misguided. Facebook look doomed, and this is a big step in that direction.

On that issue I've never seen a LinkedIn message from a Tiktok recruiter, or heard messages about mass hiring. Anyone know if they operating on a much lower staff count?

Isn't it made in China? (edit: I know very little about social networks outside of twitter and finding security holes everywhere in FB back in the day because their engineering was pretty poor).

Re: Facebook reportedly laying off thousands of employees

#79

Post by komaromy »

randomsearch wrote: post #50
username_my1 wrote: post #19

Earlier quoted context omitted.

Meta verse could be the next big thing and the long shot facebook needs. It just happened that out of their control 1. Apple squeezed them out of ads revenue 2. Market went to shit I hate Facebook as a company but I don’t see them making strategic mistakes…. Everyone is getting fired everywhere

Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network. The company cannot innovate and has bet the farm on their ability to innovate. I’ve said it before: Facebook should monetise WhatsApp via payments (real payments, not crypto) and other services. That’s something within their capability and very much within their reach…

> Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network.

Marketplace?

Re: Facebook reportedly laying off thousands of employees

#80

Post by theginger »

protastus wrote: post #45
Double_a_92 wrote: post #40

Earlier quoted context omitted.

Quoted post unavailable.

Getting laid off and getting fired are different things.

The law (in many places) gives protection to workers being laid off which it doesn't give to those being fired for inadequate performance. But when a company can change a target value and huge number of people are fired instead of being laid off people need to push back.
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