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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

#781

Post by IncreasePosts »

mh2266 wrote: post #696
autaut wrote: post #581

Earlier quoted context omitted.

>provide severance packages for those in the United States that include “16 weeks of base pay plus two weeks for every year of employment” That is a standard package and no way a FIRE or at least extended funemployment if they have children or a mortgage. But crazy level of sycophancy on your part

The money comes from the past few years of the stock going from 180 to 500-700, not from the severance. E5s making $900k, $E6s making 1.5m… quite common.

That might happen for a year or two but it's not like they're getting refreshers priced at 180. After paying all the taxes, and factoring in the HCoL area they probably live in, I doubt many people are retiring early on that. Very few high earning people would quit their high paying job so they could live a "normal" life and worry about bills and expenditures.

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

#782

Post by matchbok3 »

autaut wrote: post #582
dcrazy wrote: post #531

Earlier quoted context omitted.

That obtained the cutting edge technology by buying an American company that had been founded to productize technology developed at an American defense laboratory based on a Japanese researcher’s work

You are forgetting 20 years and billions of dollars developing, in collaboration with research institutes like IMEC and funding from chipmakers like Intel, Samsung, and TSMC. But it doesn’t fit your ideological narrative of how innovation functions so…

Where is the Silicon Valley of Europe?

I'll wait for your answer.

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

#783

Post by TJTorola »

bux93 wrote: post #633
culi wrote: post #470

Earlier quoted context omitted.

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

Firing 10% every year is just good old Jack Welsh-style workforce intimidation.

Eerily close to Roman decimation.

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

#784

Post by jldugger »

Nemo_bis wrote: post #533
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…

You don't need 80k employees to self-host. The Wikimedia Foundation does it with a team of few dozens SREs.

And just think how much more profitiable they'd be if they scaled up

(◞ิ౪◟ิ)

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

#785

Post by throwwrwqrqr »

benjaminoakes wrote: post #762
sharadov wrote: post #755

As much as I hate Zuck - he's a ballsy CEO, he makes big bets, some work and some don't. Instagram and Whatsapp did! Heck in Asia and Latin America entire economies use Whatsapp for transacting business.

I know you're right about Asia and Latin America, but should any one platform or person have that much power?

no one can dare to ban an American company unless they want to be invaded or sanctioned

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

#786

Post by Forgeties79 »

121789 wrote: post #371
mswphd wrote: post #291

Earlier quoted context omitted.

have any of their risky bets paid off though? most of their main products have been acquisitions.

who cares? I'm saying the people that take the jobs for the incredibly risky bets (and everyone knows what is risky) understand the tradeoff--if the bet doesn't work their job is at risk. In the meantime they get paid millions of dollars. That seems like a fair situation to me

I think we should care about poor stewardship at the top of a major company.

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

#787

Post by bluecheese452 »

subpixel wrote: post #637
muragekibicho wrote: post #629

Earlier quoted context omitted.

This comment put everything into perspective. I can't name anything beyond Facebook, Instagram or Whatsapp that Meta's created and I've used in the past 10 years. I've never even (knowingly) used the LLama models tbh.

If you consider Marketplace its own product it’s a massive win but they haven’t monetized it beyond some very ineffective post boosting and advertising. I honestly think they could charge 10% of list price for items over $50, plus membership levels that reduce or remove listing fees. and make a significant amount of money.

Nah if that happens we all go back to craigslist or wherever.

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

#788

Post by 1vuio0pswjnm7 »

Alternative to archive.is

Text-only, no CAPTCHA, no Javascript, no DDoS on blogger, no geo-blocking, no BS

    curl https://www.bloomberg.com/news/articles/2026-04-23/meta-tells-staff-it-will-cut-10-of-jobs-in-push-for-efficiency \
    |egrep -o "(type\":\"paragraph)|(type\":\"text\",\"value\":\"[^\"]+)" \
    |sed '/Read More:/{N;d;};s/type\":\"paragraph/
/;s/.\{22\}//' \
    |sed '1s/^//' > 1.htm

    firefox ./1.htm

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

#790

Post by i_love_retros »

ProllyInfamous wrote: post #789
i_love_retros wrote: post #739

We're going to need UBI really soon. I fear for society as we know it if it doesn't happen.

-OR- a global meatgrinder to dispose of excess younger/impoverished males. Between you and me and the internet, I'm rooting for UBI.

Can't we throw billionaires in the meat grinder instead?
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