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.
You might want to read Sarah-Wynn Willams 'Careless People' or listen to one of her interviews. Your opinion about him might change.
Meta tells staff it will cut 10% of jobs
851–860 of 923 posts
Re: Meta tells staff it will cut 10% of jobs
#852As 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 think it is hard to call IG and WA bets. He simply bought the competition that was set to wreck his platform.
Re: Meta tells staff it will cut 10% of jobs
#853Earlier quoted context omitted.
> Maybe in the world of WP-plugins/typo3 and other simple work, though even those are fairly complex This was a reasonable position to hold 9 months ago but it’s absurd now. I’m not going to convince you - but you really should give it a try.
The thing is, in 9 months you'll still say that, talking about now. I know this because I've been hearing this for two years.
Re: Meta tells staff it will cut 10% of jobs
#854Earlier quoted context omitted.
> Is he going to pay the severances out of pocket? More or less? The vast majority of his personal net worth is tied up in FB stock. As to the other questions -- the severance package is pretty generous.
Layoffs don't necessarily lead to share prices dropping, in the short term or long term. It definitely wouldn't impact the loans he presumably lives off of by using said shares as collateral.
Re: Meta tells staff it will cut 10% of jobs
#855Earlier quoted context omitted.
> Maybe in the world of WP-plugins/typo3 and other simple work, though even those are fairly complex This was a reasonable position to hold 9 months ago but it’s absurd now. I’m not going to convince you - but you really should give it a try.
> but you really should give it a try. That's cute, I hope you enjoy that high, it's really impressive at first - fyi -I've been using GH Copilot since early days (invited to early access) AND paying it for my entire company ever since MS published the first commercial plan. All the way to the latest entshittification drama with Opus 4.6 being pulled away and Opus 4.7 taxed at 7.5x rate. Yeah, its great for quick try…
What kind of smug asshole says something like this?
If you think early days of GH Copilot are remotely relevant to what is happening now, we do not live in the same world.
Re: Meta tells staff it will cut 10% of jobs
#856Earlier quoted context omitted.
What do you think is an appropriate time for most employees to end their workday?
I am a terrible person to ask. My employers get their money's worth from me: I genuinely like my work and regularly work more than 8hrs a day. I also work in a field with others who, with some exception, do the same, so its strange for me to see "normal people" clock out on the dot.
Re: Meta tells staff it will cut 10% of jobs
#857As 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.
You might want to read Sarah-Wynn Willams 'Careless People' or listen to one of her interviews. Your opinion about him might change.
Re: Meta tells staff it will cut 10% of jobs
#858Earlier quoted context omitted.
I think it is hard to call IG and WA bets. He simply bought the competition that was set to wreck his platform.
Not as easy as it sounds, most acquisitions are not integrated well. He was astute in determining they were going to be 100X what he paid( and he paid a lot by the standards of the day).
Re: Meta tells staff it will cut 10% of jobs
#859Why would any candidate consider Meta for their career when the CEO flounders money and then lays off recklessly.
Re: Meta tells staff it will cut 10% of jobs
#860Don't worry, these CRUD app software artisans will land on their feet somewhere.