Topics regarding layoffs at Meta / Facebook

Topics regarding layoffs at Meta / Facebook

Meta Ends Creator Payouts

At a time when people are leaving Facebook and Instagram in droves, Meta won't be paying the creators that are keeping them on the platform. YouTube wins again. https://www.theverge.com/2023/3/9/23633249/meta-ends-reels-play-bonus-instagram-facebook — read more 

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| 1330 views | | 1 reply (March 20, 2023)
Post ID: @OP+1lIWuXe5

All Hands Meeting

Meta employees grill Mark Zuckerberg at all-hands meeting following layoffs The chief executive faced questions including how employees are supposed to trust... — read more 

Layoffs could go on for years...

https://finance.yahoo.com/m/937fa72c-8e65-3057-9074-9c325c021fd4/mark-zuckerberg-makes-a.html

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| 1360 views | | 1 reply (March 18, 2023)
Post ID: @OP+1lGaW7tQ

The wrong way to do layoffs

It’s a bad way to do layoffs, which experts say should be minimal, compassionate, and clearly communicated. Doing so little by little will leave workers on edge and drive away people Meta wants to keep, and there’s also a good chance it will hurt the... — read more 

META: The next AOL

A former tech CEO, who asked to remain anonymous to speak candidly, said Tuesday that companies such as Meta, Google, Amazon, and Twitter had hired “stupid amounts of people” in the last few years to work on “science projects.” Speaking... — read more 

Glad that you are out?

Why staying in a place where layers of management won’t let you advance? Or even worse, give you blurry direction to produce non value added work to later confront the reality of non meeting expectations! I was never impressed by perks honestly, if... — read more 

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| 1134 views | | no replies yet
Post ID: @OP+1lFhIIkS

WOW!

You were paid to not work? https://www.businesstoday.in/technology/news/story/paid-employees-to-do-fake-work-laid-off-worker-accuses-meta-of-not-having-enough-work-for-staff-373423-2023-03-15 Please fire all recruiters!!!

How many recruiters did Meta have?

Not a Meta employee so not coming here to pile on (I was laid off in the fall so I know the feeling) but JFC how many recruiters did you guys have? It seems from my LinkedIn it's just a neverending sea of recruiters/talent acquisition people being... — read more 

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| 2040 views | | 5 replies (last March 18, 2023)
Post ID: @OP+1lEy0JWu

Overhiring didn't need to happen

The management was sleeping when over hiring was taking place. The left hand (engg orgs) did not know what the right hand (recruiting) was doing? People were given insane amount of money. Management knew what was going on. But they will not take... — read more 

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| 1270 views | | 1 reply (March 17, 2023)
Post ID: @OP+1lECZ1j7

The next AOL?

The bigger question moving forward is whether Meta can indeed exit this painful phase a stronger company — or will instead continue in a slow decline as its primary products reach maturation while Zuckerberg chases the hope that one day his big bet... — read more 

Only the beginning...

There will be a third, probably a fourth, and maybe even more layoffs to satisfy shareholders. Be warned.

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| 1080 views | | 1 reply (March 15, 2023)
Post ID: @OP+1lEhVbJU

I consider this good news

Both Facebook and Instagram are dropping NFT development due to these layoffs. NFTs are the stupidest idea that became the "next big thing" for some inexplicable reason and watching it fall so miserably on all fronts - and now at Facebook as well -... — read more 

Zuck’s announcement: another round is coming

I just shared this update on our Year of Efficiency with Meta employees... Meta is building the future of human connection, and today I want to share some updates on our Year of Efficiency that will help us do that. The goals of this work... — read more 

These are the roles that are getting axed next week

I work in a support role on contract for a senior executive. I hear a lot of chatter about strategy by accident. These are the roles they are eying for layoffs: Recruiters RL Partnerships Non-technical managers UX Research I know people will... — read more 

META LAYOFFs HAVE STARTED TODAY!

Meta layoffs have officially started today with managers today notifying hundreds of staff their days are officially counted. Good luck to all. I hope META goes the way of MySpace. It’s a sh-t company and most people are sick of their “friends” on... — read more 

Low performers

Are this week's layoffs going to affect only the low performers? I'd like to think that would always be the case but considering that we lost some great people in the last round of layoffs I'm not taking anything for granted. I did hear this would be... — read more 

Why doesn't BOD hold leaders accountable?

FB BOD should hold leaders accountable for disaster. Time for new leaders. I mean come on, Metaverse? People are going to sit around all day in VR headset? You have to realize when an idea is really d-mb. The real mistake was not to recognize that... — read more 

Layoffs-Round 2.0 this week

https://www.yahoo.com/finance/m/5b6a2e2d-4cae-38d0-97bf-b67b4b7c147d/meta-stock-rises-after-report.html Stock price rises

Somewhat expected

Did anyone have any doubts that there won't be more cuts? I don't think so.

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| 970 views | | no replies yet
Post ID: @OP+1lkYq1Z1

Even More Layoffs Coming

https://www.cnet.com/news/social-media/meta-may-lay-off-thousands-more-workers/ don't get discouraged if you're let go. learn from meta's mistakes and use whatever severance you get towards funding a new venture with other colleagues you believe in... — read more 

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| 1310 views | | 1 reply (February 23, 2023)
Post ID: @OP+1ljXkKFt

Industry outlook

Layoffs have battered the industry. The current economic environment is far from ideal and it is not easy to find a new job if you do not have above average skills. What is your prediction when the tech industry will recover?

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| 1610 views | | 8 replies (last March 29, 2023)
Post ID: @OP+1lieBczD

Layoffs in the offing

I really feel stupid for ever trying to have a good performance here. Started sending my resumes and hope to get something new soon. If 10% of the workforce scores low on the key performance metrics, it says something not just about the... — read more 

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| 1450 views | | 1 reply (February 22, 2023)
Post ID: @OP+1lekil5v

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