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?
Redundancy package
I understand those who are worried about what will happen after the layoffs, but I believe that there are more of those who have had enough of this company and just want a redundancy package before leaving to another company...
How to Know if You're Safe
If you get an invitations this week or in early June on coping with stress and uncertainty, you're not on the list. If you haven't received these invitations, you and your team will be directly impacted.
Have layoffs started?
Or is that later in the week?
Another 6k to be cut next week
Good luck all. This doesn't seem like it will be ending any time soon.
still many layers
looking around tech orgs there's still teams under 3 directors or 3 layers of managers. those teams were notified in april so there's still a ton of inefficiency when we were supposed to cut layers we ended up right back where we were
May 24, 2023 is the next round
I been told May 24, 2023 is the next round and no needs to go to the office. Dream job is over.
Bad mangers at FB
I know a manger that works at FB, I know him and he is a friend. Let me just say, he is the worst, a real piece of horse @$@# as a manager. I am thankful I have never had to work for this man. As a friend his is fine, but in a work place, the man... — read more
Elon has proved social media doesn’t need so many engineers
As long as you find the ones you need to keep.
Facebook work filtering posts 'cost me my humanity'
"Because I'm basically so much used to death and seeing death. It became a norm for me," he says. Deaths no longer affect him as he feels they should. https://www.bbc.com/news/technology-65346062