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A Meta employee gets real about the horror of working there

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Re: A Meta employee gets real about the horror of working there

#91

Post by HDThoreaun »

IG_Semmelweiss wrote: post #32

A few thoughts on the layoffs: 1) I know from an internal source that impact is known by now (this week) by the local leaders. There's a very specific criteria. This has been "socialized" with some survivors, but not all. 2) The Capex in building AI is what's causing this wave. That's not surprising. 3) The AI buildout caught a lot of companies with their pants down without financial firepower to make investments. Pe…

Meta makes $60 billion profit a year. Theyve got a 5.33 billion dividend and do $25 billion of buybacks a year. So even after returning capital to shareholders theyre racking up $30 billion a year in cash flow. They also have minimal debt, less than one year of profits on top of a cash pile that could pay it off instantly. Mark could easily pay for AI capex without cutting workforce if he wanted to.

Re: A Meta employee gets real about the horror of working there

#92

Post by JohnnyMarcone »

ZeroCool2u wrote: post #60
nobodyandproud wrote: post #49

Earlier quoted context omitted.

What hurts is that these headsets in the right hands and backed by the right company could be so useful. But who in their right minds trusts the people in Meta?

It is frustrating, because I really enjoyed my Valve Index and want a replacement and Meta has some of the best VR tech in the world, but I've waited 6 years for Valve to release their new headset to buy a replacement, simply because Meta can't be trusted.

Steam Frame soon™

Re: A Meta employee gets real about the horror of working there

#93

Post by treis »

therealdrag0 wrote: post #76
dccoolgai wrote: post #72

Earlier quoted context omitted.

Like any market, they will not be the only ones in it. People remember how you treat them - especially in times like these. They will be paying premium prices for a demoralized workforce. They put themselves in a real tough position here.

Sure they’ll pay a premium like Amazon pays a premium. Paying a fraction more doesn’t really matter when your profit per employee is many times that.

They don't pay a fraction more. Levels.fyi says I'd about double my salary and if they downlevel about 50% more.

Re: A Meta employee gets real about the horror of working there

#94

Post by malfist »

cosmicgadget wrote: post #70
simianwords wrote: post #3

I think meta should have done what musk did and ripped the bandage off.

You may have noticed Zuck is continually trying to make or buy the Next Big Thing. Elon mostly just wants to keep the lights on and shape content to his personal interests.

Please explain Tesla, spacex, PayPal, the boring company, xAI in your context of "just wants to keep the lights on"

Re: A Meta employee gets real about the horror of working there

#97

Post by Obrigada »

dccoolgai wrote: post #30
brianwawok wrote: post #20

Earlier quoted context omitted.

Idk, offer most people 300-500k and they will go eh, when can I start? You don’t know how many engineers in the world would take that.

Certainly, everyone has "a number" they're willing to suffer for - but telegraphing the suffering ensures that number will be maxed out and morale/motivation will be rock bottom. So: you're paying a huge premium for underperforming talent. Destruction.

Morale is already pretty low, at least for those of us making less than the SWEs.

Re: A Meta employee gets real about the horror of working there

#98

Post by cosmicgadget »

malfist wrote: post #94
cosmicgadget wrote: post #70

Earlier quoted context omitted.

You may have noticed Zuck is continually trying to make or buy the Next Big Thing. Elon mostly just wants to keep the lights on and shape content to his personal interests.

Please explain Tesla, spacex, PayPal, the boring company, xAI in your context of "just wants to keep the lights on"

I was referring to Twitter though.

Re: A Meta employee gets real about the horror of working there

#99

Post by TrnsltLife »

happytoexplain wrote: post #84
lisper wrote: post #71

Earlier quoted context omitted.

Check your interlocutor's user name and it will make more sense.

I had picked that name just wanting a polite, harmless phrase - and then I realized it could have a negative connotation of being a know-it-all (I'm probably in the bottom 5% of "knowing things" among HN users), exacerbated by the rise of complaints about "mansplaining". Oh well.

"mansplaining" is an attack by toxic femininity on the normative state of affairs that men like talking about facts and the physical world and how things work. It's just another instance of womanplaining (from "complaining") and name calling, really, and "oh well" is probably a pretty good response.

Just thinking about it some more, maybe "womplaining" is pithier and has a better ring to it.

Re: A Meta employee gets real about the horror of working there

#100

Post by therealdrag0 »

treis wrote: post #93
therealdrag0 wrote: post #76

Earlier quoted context omitted.

Sure they’ll pay a premium like Amazon pays a premium. Paying a fraction more doesn’t really matter when your profit per employee is many times that.

They don't pay a fraction more. Levels.fyi says I'd about double my salary and if they downlevel about 50% more.

What makes your datapoint relevant? Are you controlling for all the other relevant variables?
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