CitizenVectron Posted October 6, 2022 Share Posted October 6, 2022 Facebook may quietly sack 12,000 employees, 15% of its workforce: report ECONOMICTIMES.INDIATIMES.COM The Facebook parents decision follows similar moves by other tech majors such as Apple, Microsoft and Google. “I had hoped the economy would have more clearly stabilised by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively," Zuckerberg told employees during the weekly Q&A session. Quote A Business Insider report said that before a recent weekly Q&A session between the staff and chief executive officer Mark Zuckerberg, executives told directors across the company they should select at least 15% of their teams to be labelled as "needs support" in an internal review process. "These 15% will likely be put on PIP (performance improvement plan) and be let go," the person wrote, prompting hundreds of comments from other Meta workers, who debated how many people would be sacked. This selective restructuring hints at a possible layoff of about 15% of the workforce, or about 12,000 employees. Quote Link to comment Share on other sites More sharing options...
Guest Posted October 6, 2022 Share Posted October 6, 2022 The restructuring of big tech away from perpetual growth is going to be quite a thing to behold the next 2-3 years. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 6, 2022 Share Posted October 6, 2022 Meta has been hiring like crazy so I'm not surprised. My understanding is the entire management team is an issue. Zuck has certain ideas but no one has any vision beyond 6 months or 2 quarters, it's being run by people who are more operations centric and not development-project centric. My understanding is they also don't understand how "virtual worlds" are built, they think someone enters code into a box and a world appears. Hilarious. It just shows you how these tech firms just have a shit ton of money from investors to burn through and a lot of innovations are luck not driven through leadership after their initial product offering. Also my understanding is none of the teams talk to each other or are working towards a common goal. Dozens of offices and thousands of people each working to localized ideas of what a metaverse is. 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 6, 2022 Share Posted October 6, 2022 Also here's a spoiler, the more visible a developer/tech worker is on social media, the less likely they're the ones doing any of the work. The more famous they are, the more abusive they probably are. 3 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted October 6, 2022 Author Share Posted October 6, 2022 I am very glad I went into education IT/development rather than private sector, the contraction in the coming years might be brutal. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted October 6, 2022 Share Posted October 6, 2022 I still think it’s hilarious how an Apple privacy update basically killed FB 3 1 2 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted October 6, 2022 Share Posted October 6, 2022 4 minutes ago, b_m_b_m_b_m said: I still think it’s hilarious how an Apple privacy update basically killed FB 1 1 Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted October 6, 2022 Share Posted October 6, 2022 I'm never happy when somebody outside the C-Suite gets laid off. But I do want to see Facebook fail. Quote Link to comment Share on other sites More sharing options...
Guest Posted October 6, 2022 Share Posted October 6, 2022 11 minutes ago, b_m_b_m_b_m said: I still think it’s hilarious how an Apple privacy update basically killed FB There is nothing Tim Cook has done at Apple that would have made Jobs more proud than that Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted October 6, 2022 Share Posted October 6, 2022 If not growth, then...what? I honestly don't know at all. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted October 6, 2022 Share Posted October 6, 2022 51 minutes ago, CitizenVectron said: I am very glad I went into education IT/development rather than private sector, the contraction in the coming years might be brutal. Is this contraction coming to the video game industry too? Quote Link to comment Share on other sites More sharing options...
Guest Posted October 6, 2022 Share Posted October 6, 2022 28 minutes ago, Commissar SFLUFAN said: If not growth, then...what? I honestly don't know at all. Profit generation doesn’t require perpetual growth. Apple could shrink by 20% and still be wildly profitable every year for the foreseeable future. Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted October 6, 2022 Share Posted October 6, 2022 15 minutes ago, sblfilms said: Profit generation doesn’t require perpetual growth. Apple could shrink by 20% and still be wildly profitable every year for the foreseeable future. At least Apple is mostly built on moving money directly from consumers' pockets and into their own. A little different when your bread and butter is the eyes and data of the users of your product and the people willing to pay you money for access to it all. Quote Link to comment Share on other sites More sharing options...
finaljedi Posted October 6, 2022 Share Posted October 6, 2022 It doesn't help that they've sunk an enormous amount of resources into the metaverse shit that's both hard to really define and no one really wants. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted October 6, 2022 Share Posted October 6, 2022 Just now, finaljedi said: It doesn't help that they've sunk an enormous amount of resources into the metaverse shit that's both hard to really define and no one really wants. Based Gaben agrees it's just another MMO. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 6, 2022 Share Posted October 6, 2022 3 hours ago, marioandsonic said: Is this contraction coming to the video game industry too? People think AI generation will replace artists and designers but the joke that I've heard is that it would require the C Suite to have good taste or know what a game is. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 6, 2022 Share Posted October 6, 2022 5 minutes ago, SuperSpreader said: People think AI generation will replace artists and designers but the joke that I've heard is that it would require the C Suite to have good taste or know what a game is. Which, you know then they'd hire "experts" (social media celebs) and end up with the same issues FB has now. Quote Link to comment Share on other sites More sharing options...
finaljedi Posted October 7, 2022 Share Posted October 7, 2022 10 hours ago, Jason said: Based Gaben agrees it's just another MMO. After I posted that comment I booted up my Quest 2 after not having messed with it in a couple months, I wanted to see if they'd done anything with Horizon Worlds, their one and only "metaverse" app. The headset had an update, all of my games also had updates, after slogging through all that and rebooting the headset I had to link my old account with a new Meta account. After wading through all that I loaded up Horizon Worlds and it kept giving me a connection error message that would immediately return when I acknowledge it and I had to use the Quest 2's menu to kill the app and get out. That was my metaverse experience today. Quote Link to comment Share on other sites More sharing options...
Jason Posted October 7, 2022 Share Posted October 7, 2022 6 minutes ago, finaljedi said: After I posted that comment I booted up my Quest 2 after not having messed with it in a couple months, I wanted to see if they'd done anything with Horizon Worlds, their one and only "metaverse" app. The headset had an update, all of my games also had updates, after slogging through all that and rebooting the headset I had to link my old account with a new Meta account. After wading through all that I loaded up Horizon Worlds and it kept giving me a connection error message that would immediately return when I acknowledge it and I had to use the Quest 2's menu to kill the app and get out. That was my metaverse experience today. so an mmo on launch day/launch day for a new expansion 1 Quote Link to comment Share on other sites More sharing options...
johnny Posted October 7, 2022 Share Posted October 7, 2022 i don’t even know what the metaverse is 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted October 7, 2022 Share Posted October 7, 2022 13 minutes ago, johnny said: i don’t even know what the metaverse is 11 hours ago, Jason said: Based Gaben agrees it's just another MMO. 1 Quote Link to comment Share on other sites More sharing options...
johnny Posted October 7, 2022 Share Posted October 7, 2022 so it’s playstation home? 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 7, 2022 Share Posted October 7, 2022 5 hours ago, johnny said: so it’s playstation home? Yes but imagine spending way more Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted October 7, 2022 Share Posted October 7, 2022 2 minutes ago, SuperSpreader said: Yes but imagine spending way more And it looking worse graphically somehow 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 7, 2022 Share Posted October 7, 2022 9 minutes ago, Keyser_Soze said: And it looking worse graphically somehow Oh you haven't heard of that famous 3D rendering engine that the Facebook wall has? /s Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 7, 2022 Share Posted October 7, 2022 6 hours ago, johnny said: i don’t even know what the metaverse is A recruiter reached out to me about working there last year and he was all catchphrase word salads. I was like... But what does that even mean? They switched to saying I just didn't "get it." Which is like dude this isn't a high school clique you have to be able to describe your product. 1 Quote Link to comment Share on other sites More sharing options...
stepee Posted October 7, 2022 Share Posted October 7, 2022 2 hours ago, SuperSpreader said: A recruiter reached out to me about working there last year and he was all catchphrase word salads. I was like... But what does that even mean? They switched to saying I just didn't "get it." Which is like dude this isn't a high school clique you have to be able to describe your product. This is exactly how companies try to defend nft’s too. They think they can condescend their way into having a viable product. Metaverse is what happens when you create and focus on the buzzword before the product. They did a good job getting people who aren’t familiar with VR or gaming to talk about the term, but since there isn’t a compelling product attached (attached to the metaverse concept directly, quest itself is a solid product for things that are not that), it doesn’t have much momentum beyond that. VR should be about exploring, adventure, learning, wild experiences you can have in your living room, that sort of thing. Not a late stage capitalism virtual hellscape. I really didn’t want the overall concept of VR to be tethered to it, so I’m glad it seems to be fizzling. 1 Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted October 7, 2022 Share Posted October 7, 2022 All metaverse nonsense just feels like billionaires stripping over themselves to put the cart before the horse. Even if the general concept were to take off successfully, why would your average consumer want to put down serious coin on any sort of digital ownership before a somewhat clear victor has been declared? They’re all trying to create some sort of gold rush for digital land, but any idiot can just create more digital land whenever they want. 2 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted October 7, 2022 Share Posted October 7, 2022 52 minutes ago, stepee said: VR should be about exploring, adventure, learning, wild experiences you can have in your living room, that sort of thing. Not a late stage capitalism virtual hellscape. I really didn’t want the overall concept of VR to be tethered to it, so I’m glad it seems to be fizzling. VR Chat is everything meta wanted the metaverse to be and more Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted October 7, 2022 Share Posted October 7, 2022 1 hour ago, Keyser_Soze said: VR Chat is everything meta wanted the metaverse to be and more How many Stanford Grads does it take to make a Wii Mii social space 2 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted October 7, 2022 Share Posted October 7, 2022 6 minutes ago, SuperSpreader said: How many Stanford Grads does it take to make a Wii Mii social space 15% more than they have now? 1 Quote Link to comment Share on other sites More sharing options...
BloodyHell Posted October 7, 2022 Share Posted October 7, 2022 On 10/6/2022 at 2:14 PM, marioandsonic said: Is this contraction coming to the video game industry too? Yes, but caused by recession, not slowed subscriber growth. Xbox might be best positioned for it with gamepass, as people pay 20$/ month instead of 70$ a game with less disposable income. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted November 14, 2022 Share Posted November 14, 2022 Amazon to lay off 10,000 workers as soon as this week: New York Times FINANCE.YAHOO.COM Amazon is expected to lay off some 10,000 employees, according to The New York Times. Quote Link to comment Share on other sites More sharing options...
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