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
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
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
Correlation between those who are cut and those who WFH?
Someone has already asked this question, but I think the correlation is clear. You?
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
Glassdoor Awards for Meta: i wonder what they will be this year
Glassdoor Awards for Meta: Best Places to Work: 2022 (#47), 2021 (#11), 2020 (#23), 2019 (#7), 2018 (#1), 2015 (#13), 2014 (#5), 2013 (#1), 2012 (#3), 2011 (#1) Top CEOs: 2019 (#55), 2018 (#16), 2017 (#10), 2016 (#4), 2015 (#4), 2014 (#10), 2013... — 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
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
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
Who actually got the axe?
I'm curious, especially how RL was effected.
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
There are still people on WFH??
https://www.cnbc.com/2023/03/15/mark-zuckerberg-says-meta-employees-who-work-in-person-get-more-done.html
This is why Apple is the only FAANG company that still has any prestige and credibility
Instead of laying off employees, Apple is cutting costs by delaying bonuses for corporate divisions, freezing hiring in some areas, and not backfilling some of the vacant positions. This is how you keep the trust of your employees and how you keep... — read more
Only the beginning...
There will be a third, probably a fourth, and maybe even more layoffs to satisfy shareholders. Be warned.
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
Meta to lay off 10,000 more workers after initial cuts in November
Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees. Meta laid off over 11,000 employees in November. Meta CEO Mark Zuckerberg has pitched 2023 as the company’s “year of efficiency.” Zuckerberg previously told... — 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
Skip told me that my team will have layoffs!
JFK... I'm really scared. No clue if I'm gone, but why would she tell me if I was??
Meta's Silicon Valley Office Subleasing Spreads With Concerns of More Layoffs
Meta's corporate real estate portfolio is taking another significant cut as the social media giant aggressively offloads expensive office space as it is said to be preparing for another round of widespread layoffs... — 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
Meta planning thousands of more cuts after widespread layoffs, report says
The layoffs could begin this week and affect thousands of employees. The cost-cutting comes in addition to previously announced plans to lay off 13% of Meta workers. Meta CEO Mark Zuckerberg is pitching 2023 as the “Year of Efficiency.”... — 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
Learn to code!!!
Keystone XL laid-off employees were told to do the same.
Job market remains strong. 4.3 Million Workers are Missing from the work force.
Hello to all those first timers who are or will be laid-off. Think positive, update your resume, and keep interviewing. You will land a job somewhere since the job market remains strong and 4.3 Million workers are missing from the workforce. For... — read more
censor department should let go
They have brought too many negative to Meta and no direct contribution for income.
UX Research is on the chopping block
I heard from a reliable source that UX research is viewed as the "do-nothing" crop and next round will be bad for them.
https://www.theverge.com/2023/2/23/23612833/metas-next-big-round-of-layoffs-are-coming
https://www.theverge.com/2023/2/23/23612833/metas-next-big-round-of-layoffs-are-coming
Somewhat expected
Did anyone have any doubts that there won't be more cuts? I don't think so.
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
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?
Layoffs at Meta: Meta rates 7000 employees as 'below-average performers' amid layoff rumours
Amid rumours of a second round of layoffs at Meta, managers at the tech company have rated 10 per cent or roughly 7000 of its current employees to be below-par performers, hinting that they may be laid off by March this year... — read more
Historical Context (Malcolm Harris' Palo Alto)
https://www.smithsonianmag.com/history/how-california-took-over-the-world-180981660/
Meta just gave thousands of employees poor performance reviews that could clear the way for more layoffs during its ‘Year of Efficiency’
https://fortune.com/2023/02/17/meta-employee-performance-reviews-layoffs/
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