Is it possible to get 0 p raise and stocks next year? Any rumors?

The days of endless employee perks at Big Tech, like free laundry and private concerts, are coming to an end. Workers now fear layoffs after tech companies that hired thousands of workers with high pay face a slowing economy. "Winter is coming in... — read more 

As of next week I won't be a Meta employee. I will have other employment. I urge everyone to bail out of this inevitable shipwreck.

This is one of the all time EPIC flameouts in US history. When are heads going to start to roll? https://www.cbsnews.com/news/meta-stock-down-earnings-700-billion-in-lost-value/

At least Tom Anderson had the sense to cash out at the top.

You can practically feel the vice tightening on F*ckerberg. The POS really deserves this and I can't help but wonder if cuts will end up being way more drastic than anyone imagined. The desperation is palpable. Hard to imagine anything short of a... — read more 

Excellent synopsis of the train-wreck formally knows as Facebook. https://nymag.com/intelligencer/2022/10/meta-earnings-company-formerly-known-as-facebook-is-a-mess.html

...are looking more plausible by the minute. Cuts are going to be deep, Deep, DEEP! Hatchet time!

...with the "earnings" announcement. Stock already cratered over 5%. Where's the bottom?

How bad are Meta earnings going to su*k?

Big G is slowing hiring. Now got a bit harder to get another job.

Some are quite convinced that their positions are stable, but I think it's wiser to polish your resumes. High time to do it.

Layoffs are certain. The only big wildcard is when. My hunch? If nothing happens in the next few weeks, it won't happen until early 2023. Zuck and co are incompetent, but I doubt they would be mean enough to axe people over the holiday season.

Coming soon: Pink slips for thousands of FTE.

Lets have a sincere thread about the worst business mistakes made at Facebook/ Meta.

Makes sense though since Facebook/Meta isn’t even on the main page list even though it’s a social media mainstay.

Can you say class action ?

Smart people stayed here only for as long as it was enough for them to upgrade their skillset and find a better job. Why don't those who don't like their jobs just leave instead of wasting their time here?

I’ve been at FB about a year, it’s my first job out of college, and I really hate work. I dread it so much. It’s not that I’m bad at it, I got a good performance review and seem to be well respected for my work. Too many meetings, I have no time to... — read more 

U.S. population.

Says it Can’t Afford Them Amid Reported Layoffs and a Hiring Freeze https://www.analyticsinsight.net/web-stories/facebook-hires-interns-and-fires-them-says-it-cant-afford-them/

Sheryl was the real leader of this place. Once she left, the s*** hit the fan. Mark doesn't know what he's doing. Jav is in way over his head. Dave is trying to keep this place together. Metaverse is a failure because - shocker - our in-house... — read more 

I understand we'll have layoffs and I understand it will be major, but 12k? That's too many. I don't think Meta can get rid of so many people and still continue to function as is. My best guess, considering the little real information we have so far... — read more 

There are more and more dissatisfied people. I'm not even considering transition as an option, I'd rather quit because I'm sick of this company. I think the list of reasons why more and more of my colleagues feel the same would be too long

https://nypost.com/2022/10/04/facebook-to-purge-thousands-of-workers-in-quiet-layoffs/ Just wondering if you still have the severance pay if you got fired after the company "supports" you to become better during this quite layoffs? Any experience... — read more 

This might be a tough pill to swallow, but this place needs layoffs. There is so much fat that at least ten percent of the workforce could be removed without it being felt. You could remove a full level of management and nobody would notice. I know... — read more 

So far, I have sent a bunch of resumes and I still haven't received a good offer. It seems that it is much more difficult to get a new job now. I'm thinking of applying to a smaller company, but I'm not sure if it's a good idea because it also has... — read more 

during the pandemic. That classification still holds true. Get rid of them. Facebook produces absolutely nothing of value.

I would prefer to find a job while I still have a job, but in any case, I was thinking of leaving this place. I have been looking for a better offer for some time, as have many of my colleagues, because... who still thinks that things will get... — read more 

Meta Founder and CEO Mark Zuckerberg has made it clear that the social network is freezing hiring across the board, warning that more layoffs are in the pipeline... — read more 

Time to rightsize this mess.

Heard from an ex-colleague who is L7 at META. Every director and above is given a target to reduce staff by 10% - 15%. If they meet 15% and keep the productivity alive then raise for some directors. Employees will start receiving emails on... — read more 

https://www.cnbc.com/2022/09/30/facebook-scrambles-to-escape-death-spiral-as-users-flee-sales-drop.html

Time.com/6215505/meta-workers-cost-cutting

is actually a strategy to get you to work more. Nobody cares about you and the "no back row" stuff is just flavoring so the hard truth is palatable.

You want to lay people off? Then go ahead! Threatening layoffs all the time is getting tiring. Do it and let us move on.

Facebook used to be the first choice employer for both junior and senior software engineers but that's no longer true. It's not just the dragged-out layoffs, but everything that has been happening in the last few years. Our reputation has suffered... — read more 

https://www.macroaxis.com/invest/ratio/META.BK/Probability-Of-Bankruptcy

sheet at a rate of $100 billion per month. America is screwed.

"Meta is slimming its workforce and avoiding a flurry of pink slips by forcing some employees onto a "30-day list" that leaves them only a month to find a new role or leave the company if their department is downsized or eliminated" "until recently... — read more