The cafeteria itself is a large scale enterprise, wholly enclosed inside the larger scale enterprise.
And then, since you have all these integrated functions, you can spend headcount optimizing datacenter spend down. Hire a team to re-write PHP to make it faster literally pays for itself. Or kernel engineers. Or even HW engineers and power generation. And on the product side, you can do lots of experiments where a 1% improvement in ad revenue pays like the entire department's wages for the year. So you do a lot of them, and the winners cover the cost of the losers. And you hire teams to build software to run more experiments faster and more correctly.
The brakes on this "flywheel of success" is the diseconomies of scale outweighing the economies. When the costs of communicating and negotiation are higher internally than those external contracts you previously subsumed. When you have two teams writing their own database engine competing (with suppliers!) for the same hires. When your datacenter plans outpace industrial power generation plans. When your management spins up secret teams to launch virtual reality products with no legs.
6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals"
Once these candidates actually start work, their success in the team is a complete coinflip
* 38 minutes = 45 minute scheduled - 2 minute intro - 5 minute saved for candidate questions at the end
What I don’t like about them is how “dry” and mechanical the interview feels
My intervews were in 20202/2021. Perhaps things have changed?
If you ask my blue collar friends, the answer is one and however long it takes to drink three beers.
If you ask any married person, the onboarding process (courtship) may last YEARS and consist of many interviews (dates).
As an EM, ive always struggled with this one. Im about to invest some serious coin and brainspace for you, so I tended towards a max of 3-6 total hours and a takehome assignment.
As an IC, I preferred short and sweet. Heres my portfolio (github), heres my resume. Lets make this work. Maybe 1-2 hours; its not like we're getting married.
The happy place has to be in there somewhere. Whats your take?
It's worth remembering that there's an _actual_ underlying economic problem here. Interest rates are up. AI spending is expensive. A dollar invested in a company needs to do _more_ than it did 5 years ago, relative to sitting in treasury bills. And Meta isn't delivering on that right now.
But IMHO: that's no excuse. This is admitting defeat, deciding to push the share price higher while they give up. Meta has the user data, the AI ambitions, the distribution, and the brand.
They could do anything, and the world is re-inventing itself. They're ... laying off people, maximizing profits, and giving up.
Cowards.
There is nothing "cowardly" about it.
Would you rather them never hire them in the first place?
Didn't used to be, except in extreme circumstances. Was seen as a really bad sign.
To the extent there's "science" on this, it's a lot less clear than you might think that a policy of reaching eagerly for the layoff-button is long-term beneficial to companies, i.e. there's a good chance it's a cultural fad, you do it because "that's what's expected" and perhaps investors get skittish if you don't, for the circular reason that... that's what's expected.
I think they have a point. Facebook is making money. Tech is in a very dynamic phase, right now. This is a moment of huge opportunity for them, and one that won’t necessarily be as large in the future.
To be contracting right now, rather than making a play, seems like a lack of leadership.
Maybe Meta missed on those big plays and now there’s too much pressure to make another.
I don’t know if I believe that, but worth considering
Axing low/negative ROI product lines, sure. But recently these cuts have been across-the-board and in product lines that are net profitable and have strong technical product roadmaps. Moreover they are firing longer tenured (expensive) engineers
I understand they’re managing a transition to a capital intensive strategy but the whole era reeks of stock price focused financial engineering and these large companies flexing oligopoly power in the face of their customers and the labor that builds their technology.
I don't think that those 10% of their workforce were keeping them back, to the contrary, now a big part of the remaining 90% will start wondering (if they hadn't already done so) when they'll be next, that is instead of focusing their minds on this AI-race thing.
The other scenario is that Meta doesn’t layoff people. The big fishes will make less money, but won’t affect their lives in the minimum. What about that? That’s not illegal either, but ofc, “that’s not how businesses work!”. So brainwashed. We are the frogs, they are boiling us and you don’t care
Should a company keep someone on payroll and have them do nothing until profit reaches 0?
Secondarily layoffs don’t happen the way you say: they are across the board and when you are talking of 10% of a company there is no real way of targeting the inefficient people. More than anything is fiscal engineering: you need x amount, you fire people and then you rehire 75% offering less equity and at lower levels imposing more work on the remaining employees
That's only one of many things layoffs can mean. In this case, Meta seems to be laying people off so that it can make a bigger bet on its AI programs (which I assume are deeply unprofitable right now) at the expense of other lines of business.
I think this is essential to the disagreement in this little part of the discussion.
Ending a product line and laying off the people who worked on that product line aligns more to your "profitable work for a set of people" phrasing. But a great deal of tech sector layoffs happen as a blanket action, not targeted at specific products, teams, or roles. Business units are directed to find X% to cut. When the business is making money, these blanket actions can feel pretty unfair to the affected employees. The decision to lay off any specific individual could be completely disconnected from the value that individual provides to the business.
That doesn't mean that's what happened, it only means that whether or not its true, most companies aren't going to say it. The few that have said anything of the sort have suffered some backlash, and they aren't even as prominent as Meta or Microsoft (which also just announced plans to reduce by ~7% through buybacks, the first in their > 50 years) And this is on top of their decline to ~210,000 employees after 2025 firing of 15,000.
The domestic jobs aren't coming back.
unless you mean that the quality of domestic workers is declining, which i'd agree in most things (tho for some things like software i think still has a chance)
Why would this equalize? As long as software companies make huge profits and have growth capability which the top ones clearly do, what change would make this happen?
I don't buy this at all, this narrative feels like pure cope to me. The skill ceiling for working with AI tooling is not that high (far lower than when everyone had to write all their code by hand, unquestionably). To me it seems far more likely that software engineering will become commoditized.
I'm sure everyone posting about the supposed K graph believes that they're on the valuable side of it, naturally.
The humiliation of all of the disastrous failures has been lost to history and PMC are once again bullish about their cost cutting genius.
They also, unlike a lot of their cohorts in FAANG, don't have a significant engineering presence in India and it hasn't rapidly grown since COVID either.
AI won't replace everybody overnight, but it'll make 10% layoffs year after year a real possibility.
Either people are simply made redundant because bots in the hand of a bot wrangler can do much of their work, or people are relatively less efficient than their peers because they refuse to adapt to a world where AI is a force multiplier.
You still need engineers to innovate though, but industry has no idea what innovation still makes sense except, maybe, AI. That's why everyone is investing in it, there are just not many other places to invest.
I think there's a big disconnect between how competent the AI crowd says it is vs reality.
They also burn capital at insane rates on projects nobody wants then fire everybody involved (see: the metaverse, the very reason they rebranded to that dumb name)
but for the second, I guess I don't consider that terrible? they make risky bets, pay people tons and tons of money to try them, then if it doesn't work out they shut down the projects and let the people go? that feels like every startup except the employees actually get compensated. if that's driving the extra layoffs, it's hard to feel too bad for people who have probably been paid millions already
The fact is Facebook had serious red flags going up that the AI boom has papered over (for now?) and so it just feels, well, cruel. It feels cruel how they treat their employees and our society.
they're growing at high teens % a year and have record profits and a centi-billionaire has complete control. whats going on there is gross, even compared to the finance world of yearly culling of the bottom few % its gross.
There are a few US companies that crossed beyond the carelessness of us work culture to flat out hostile and metas one of them.
To play devil’s advocate, what they’re doing is not remotely cowardly, it is the entire point of their existence
They have a lever they can pull that will increase profits and the stock price. Why the hell else does a company like Meta even exist? It sure as hell isn’t to provide jobs to meat bags, and anyone that thinks it is needs a very quick lesson about the real world.
That's not at all the point of a company's existence. That's what a few companies do, for a short time, if they think they have no place to go but down.
That said, IMO they are right...
Can't we all just be happy?
So the answer is, when an executive is held accountable for disrupting this many people's lives. When they claw back bonuses they have probably received for hitting or setting those previous hiring targets.
They scaled that idea, made a lot of money doing it because of course, bought up a bunch of companies who themselves had original and ethical ideas, but were never allowed to shine brighter or step out of the shadow that is Facebook, who still believes their customers are "dumb fucks". That never changed and Facebook's current customers, employees, shareholders, and targets of acquisitions need to remember that and never kid themselves about who Facebook is.
Meta is working on "personal AI that will empower you". Saying they are firing people because of AI would be a bad marketing move.
Related to the quest, the horizon worlds team was largely let go (around 1000 employees) earlier in the year and are not part of this latest 10 percent etc.
Then within few years, when the amount of bugs in quickly produced software skyrockets and it will be extremely hard to debug that code by hand, market will change again. These llms will find their solid place but not at current projection/investment wishful thinking. And definitely not for software that is continuously developed, changed and fixed for decades (which is default for most corporate apps, be them internal or vendor ones).
Sadly, they are never the ones to be sacked.
whilst they get efficiencies and may improve margins, the long term damage of culture and having 'yes men' will damage their business far more than a few quarters of tighter growth and margins.
I survived all three rounds of layoffs, but I saw multiple great colleagues (some of them had been there for 10+ years), getting laid off. After so many re-orgs, I had enough and quit. It was just not worth it (all that uncertainity, people were unhappy, hunger games into trying to get a good rating, etc).
I think Zuck is taking its "Meta" failure (VR) into his own employees. After their treatment, many good people don't want to join Meta anymore, hence he had to spend so much money into buying engineers to join.
I think it is the start of a downwards spiral.
Meta pays top dollar. They also pay enormous sums for what management identifies as performance.
Conversely, Meta is ruthless about cutting those management identifies as low performers.
This is the deal going in. It’s not a crime.
Thats what the normal Meta up-or-out promo/comp structure is for. This sort of thing hasn't been about that for a while. Sure, they will say they stack ranked the company and fired the bottom 10%, but given how many layoffs they've done, at this point it's just an ongoing brain drain.
(I departed when the writing was on the wall for the '21 layoffs)
AGI has been achieved internally once again at Meta.
Care to elaborate on how you came to this conclusion?
> If America’s so rich how’d it get so sad
> https://www.derekthompson.org/p/if-americas-so-rich-howd-it-...
Single-use zoning makes it illegal to build the places people want to go within walking distance of where they live, so we spend trillions over decades building car infrastructure to allow people to commute. Of course the consequences of commuting by car is more pollution and less exercise, again causing health issues.
But honestly, IMO America has become a joyless, directionless dystopia of soma and bread and circuses in the middle of a geopolitical knife fight to define the 21st century and maybe even hit the singularity. I'm not happy with the current management, but it was the same unhappy bunch talked about here that decided by voting or opting not to vote that gave it a second shot. Kinda deserve this, no? If no, I'm all ears for your one weird trick to fix America, go for it!
Yeah I know, downvotes incoming for such heresy. If you don't pick a side, then what are you even doing?
The fact that we are entertaining 50 year mortgages as a "solution" further adds insult to injury.
Nobody talks about how the "cure" was worse than the disease in 2020. Happiness matters and is worth dying for.
https://knowledge.wharton.upenn.edu/article/does-money-buy-h...
There are exceptions of course. Some people are just predisposed to being unhappy no matter the circumstances, but generally speaking more money directly correlates to increased life contentment.
It buys actual non-hypothetical liberty, as in greater choice to do what you like with your time and your self. It relieves one from unpleasant but necessary tasks (by paying someone else to do them).
The average American ain’t doing very well by OECD standards… literally bottom of the ladder.
Wasn’t the original intention behind facebook to accumulate a directory of hotties, probably with the aim of bringing them ‘closer’? They pretty much put it on the label; it’s not called personality book.
The evidence for this is rather plain to see at this point in history. ;)
Sort of.
Wikipedia @ 2:
> Mark Zuckerberg built a website called "Facemash" in 2003 while attending Harvard University. The site was comparable to Hot or Not and used photos from online face books, asking users to choose the 'hotter' person".
Britannica:
> Despite its brief tenure, 450 people (who voted 22,000 times) flocked to Facemash. That success prompted Zuckerberg to register the URL http://www.thefacebook.com in January 2004.
> They pretty much put it on the label; it’s not called personality book.
Wikipedia @ 3:
> A face book or facebook is a paper or online directory of individuals' photographs and names published by some American universities.
Wikipedia @ 2:
> Zuckerberg coded a new site known as "TheFacebook", stating, "It is clear that the technology needed to create a centralized Website is readily available ... the benefits are many."
[1] https://www.britannica.com/money/Facebook
Maybe so, but have you seen Zuck's wife? I'm pretty sure he could find someone hotter to date if he cared to. There must be armies of gold-diggers after him. And yet he seems happy with his imo rather plain looking wife. Well done them both!
The hunter Biden laptop story was censored - including in private messages - and Charlie Kirk was shown being shot in the neck to death to children.
There's nothing else to say.
Admittedly that was just a couple of guys, but it takes something to be so obviously toxic yet still chosen to represent the values of your company at a third party.
Arguably the Google ones were guilty of naivete, but that's not a crime you'd want to punish too hard, and I was myself guilty of far worse.
It really sucks for software engineers though - first these companies made a hype out of "coding" and hacking to build those monstrosities, now they switched to squeezing the accordion to keep the music going. This is not the first time and I hope not the last one - just need new Yahoos of 20s to pop up.
I'm up for building this. What dinosaur languages should we code this in, erlang, tcl and perl?
Something tells me that the workers at Meta, if given a chance to have self-determination, would run a better shop than Zuckerberg himself.
If they can run it better than Zuck they are free to try, believe it or not.
Given that the cited 10% includes the folks who have to drive 2 hours each way to cook/clean in the campus kitchens... not sure that they do. Meta isn't all software engineers, by a long shot
One might almost say workers should... own the means of production?
And, of course, every tech worker already has a vote. As the saying goes: they can vote with their feet.
You filthy communist!
Re: replies that one day off has been around much longer. Yes that’s what changed - the change was for 2 days off.
I won't be surprised if that's one of the use cases in their mind.
That may be what Meta is already doing. I’m afraid we are going to see something like that at play in tech for the coming few years until we get to an equilibrium. Sad and it might work.
I predict that tech companies will hire back a lot of this lost headcount over time. Although AI will keep getting better, so there's more downward pressure coming. Facebook, Amazon, and Google have had flat headcount since 2022, and this layoff will reduce FB's size back to 2021 levels.
It would be nice if someone with another big pile of money could put some of these ex-employees to work so us mid-level schlubs don't have to compete with former FOAMers (new initialism for the hyperscalers of layoffs) for 'regular' tech jobs, but it appears there are no new ideas or markets to capture.
To me a company at FB's scale is inevitably going to be optimizing around the margins. I mean you could argue any of Google, Amazon, FB, have had basically the same cash cows for 10+ years now.