https://www.msn.com/en-us/money/companies/former-facebook-and-nike-diversity-manager-gets-5-years-in-prison-for-5-million-fraud/ar-BB1mwfzP?ocid=winp1taskbar&cvid=edcd4790d4e847b2fa35d1908ddc97b3&ei=25
AI engineers are being paid really well
But for junior engineers and other ones, their positions will be impacted.
Meta Stock Falls Amid Reports of Layoffs and an EU Probe
Meta shares lost ground Monday amid reports of job cuts and indications the social media giant could face a probe by European regulators over its efforts counter... — read more
Meta’s oversight body prepares to lay off workers
Meta’s company-funded oversight body is planning to trim its workforce, a downsizing effort that could affect the board’s ability to police the world’s largest social media... — read more
Professional Dashboard
If FB/Meta really cared about users with professional profiles being able to build a following, they’d give us a better means to invite people that engaged with a post. I have over 200k to invite and the current method of manually clicking Invite... — read more
Meta Employees Fear Layoffs As Company's 'Year Of Efficiency' Becomes Permanent: Report
While most employees are expected to retain their positions, the company’s ongoing re-organizations have created an atmosphere of uncertainty. The “Year of Efficiency,” which was initially a temporary measure, has now been made a permanent part of... — read more
Today's outage?
Fess up: Was it Meta rushing to comply with the EU Digital Markets Act, in force tomorrow?
Meta on collision course with Australian govt after announcing end to journalism funding deals
Facebook and Instagram’s parent company, Meta, has set itself on a collision course with the Albanese government after announcing it will stop paying Australian publishers for news, and plans to shut down its news tab in Australia and the United... — read more
Meta’s layoffs continue to impact advertisers as the company replaces account team members with AI
The client was irate because their entire Meta account team had been overhauled and downsized without their say. They felt they should’ve been consulted, given their significant ad spend, which the agency exec declined to share... — read more
Zuck talks about layoffs (root causes)
https://youtu.be/xQqsvRHjas4?t=1406 I've posted the video with the time stamp set to 1406 seconds (about 23 minutes into the video) In short he thinks most cuts are due to overbuilding during Covid.
Z, Elon, JB, and the other 21st century robber barons
Once I built a railroad made it run.. https://www.highereducationinquirer.org/2023/12/ai-robot-capitalists-will-destroy-human.html https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html
Stopgap solutions can be penny-wise but pound-foolish
As with so many things in investing, the devil is in the details. For instance, the narrative around Facebook parent Meta has been a bit negative for the last year or two, thanks to strategic missteps, and Wall Street clearly thinks its recent... — read more
FAANG
Remember when FAANG was a thing and everybody was trying to get a job in one of the five coveted companies? Other than Apple (and even Apple is on shaky ground), every single one has now gotten the opposite reputation. People are warned to stay away... — read more
If anybody ever tells you that layoffs were about cost savings, call them a liar
Meta spent billions to close offices and lay people off. Now we know why. https://www.businessinsider.com/meta-layoffs-office-closures-stock-price-mark-zuckerberg-earnings-2024-2 Meta is paying first-ever dividend, authorizes $50 billion... — read more
Prepper in disguise or another Howard Hughes?
Read about the plans of your boss and tell me what do you think about where Meta is being lead.. https://finance.yahoo.com/news/mark-zuckerberg-spent-187-million-191118946.html
Meta disbanded its Responsible AI team
So from now on only irresponsible AI algorithms in Meta? https://www.theverge.com/2023/11/18/23966980/meta-disbanded-responsible-ai-team-artificial-intelligence
Ready to hire again
A new article in The Washington Post is titled "After laying off thousands, Meta expects to add jobs next year." Can anybody please explain to me then what was the point of all these cuts if they're planning to turn around and rehire/replace the... — read more
Headcount
Based on Meta's latest earnings report, their headcount as of September 30, 2023 was 66,185 - a 24% decrease compared to the same time last year. The substantial majority of employees laid off this year are no longer counted in that September... — read more
Incoming Cuts
There's a palpable sense of tension at Meta right now. Rumors are swirling that widespread layoffs are imminent, potentially affecting 10-15% of the workforce. That would equate to over 10,000 employees across all functions and teams. With the... — read more
2024
2023 is the Year of Efficiency. I wonder what will be 2024!?
More cuts at Meta (Reality Labs)
https://nypost.com/2023/10/03/mark-zuckerbergs-meta-cutting-jobs-in-reality-labs-division/
Is Meta hiring for newly-minted edX grads?
Is Meta hiring for newly-minted edX grads? https://www.highereducationinquirer.org/2023/09/2u-crash-exposes-latest-wage-of-edugrift.html
How the tables have turned
Meta and Salesforce are looking to re-hire some workers they just laid off. It's putting those people in an awkward... — read more
melinda davenport brownnoser in chief
q&a have devolved into manufactured adulations for zuck's personal life and fabricated zeal for mixed martial arts. the way zuck's face lights up whenever mma is brought up, he's never had that level of excitement for our own products, not even... — read more
Meta's leaner strategy despite advertising rebound
https://www.adnews.com.au/news/meta-s-leaner-strategy-despite-advertising-rebound
How many more jobs will his dream going to cost us?
Keeping the faith: Mark Zuckerberg still believes in his $14 billion bet Mark Zuckerberg’s metaverse has become a thing of memes and parodies but the billionaire remains unfazed by the... — read more
Will Zuck wear an Occulus..
during his cage fight with Elmo?
Occulus or Apple - which is better
Apples reveal is way more stylin than Occulus. Are we in trouble?
AI will cause more layoffs, most people believe so
Is AI Coming for Your Job? 65% of Workers Are Worried The jury's still out when it comes to the role of artificial intelligence in the workplace. Some argue AI is a revolutionary boon to the economy; others believe it's a dystopian... — read more
This is a joke
We don't need RTO. We need a better CEO who is not so stuck in his pet project that he is willing to destroy the entire company and lay off tens of thousands of employees to keep it going - even though everything points to it being a failure before... — read more
Startups are hiring
There are startups that are hiring. do not despair even if it affects you.
Facebook whacking another 1,100 Bay Area heads
https://nordot.app/1036821245074637603?c=592622757532812385
H1B's - Its time to return back
Its time to take a decision for return back or stay. People who worked for outsourcing companies are settled down than who studied here and worked for Meta for long time. You are not going to get GreenCard, Citizenship or Plan a settlement here for... — read more
Riley Rojas is still at Meta
survived 4 rounds of layoffs, still at meta. engineers and developers were made redundant. year of efficiency what a joke
Ex Employee
Does anyone know the number or website of where I can request a copy of a W2 from Meta?
Replacing with cheap labor H1bs?
I heard once layoffs are over, they will hire cheap labor H1bs. Can someone confirm?