I'm curious, especially how RL was effected.

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 

https://www.cnbc.com/2023/03/15/mark-zuckerberg-says-meta-employees-who-work-in-person-get-more-done.html

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 

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

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 

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 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 

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 

JFK... I'm really scared. No clue if I'm gone, but why would she tell me if I was??

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 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 

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 

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 

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 

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

Keystone XL laid-off employees were told to do the same.

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 

They have brought too many negative to Meta and no direct contribution for income.

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

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

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 

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?

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 

https://www.smithsonianmag.com/history/how-california-took-over-the-world-180981660/

https://fortune.com/2023/02/17/meta-employee-performance-reviews-layoffs/

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 

So the brown nosing did not help huh? Brace yourselves for a round of firing as more cost cutting will not lead to layoffs. Oh, and apology 2.0 wont happen. Now you know the type of family that adopted you

"Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on... — read more 

The Future of Big Tech? https://novum.substack.com/i/101103540/big-tech-stagnation

The next phase of Big Tech. https://novum.substack.com/i/101103540/big-tech-stagnation

For all of you going through layoffs from FB/Meta, you will find something else and Meta will be in your rearview mirror❤. I recognize my issue is small potatoes in comparison. Since October someone has been hacking my FB account and I was able... — read more 

The world’s largest tech companies are promising across the board to spend less, new territory for an industry that thrives on perks. Already last year, Facebook parent Meta Platforms Inc. shut down its laundry service for staff, and in January of... — read more 

Supposedly, layoffs were necessary. Supposedly, we needed to save money. Supposedly, there was no other way to do it. Now we're hearing that Meta announced a huge stock buyback. Apparently, there is money for that. Apparently, that money could not... — read more 

Mark Zuckerberg told investors on Wednesday that 2023 will be the "year of efficiency." Meta laid off over 11,000 employees last year, and there are signs more layoffs could be coming. Meta's latest earnings report beat expectations, sending... — read more 

It went like this, middle managers and directors recently promoted (within the past 2 years), likely joined FB about 5 years ago...at the time when the stock price was around $150 - $160, and started to accumulate RSU's as the stock went up. Now... — read more 

Get ready to witness the org chart flattening exercise that he has mandated to happen. Raising eyebrows and looking smart won't save those managers and directors that have mastered the art of "parroting" messages from their superiors. Only this... — read more 

“Controlling labor costs via periodic layoffs is like breathing for Silicon Valley: cyclical, necessary for life,” Malcolm Harris, author of the forthcoming book “Palo Alto: A History of California, Capitalism and the World,” told me. The layoffs... — read more