Meta Is About To Start Its Next Round of Layoffs (vox.com) 46
An anonymous reader quotes a report from Vox: Meta will conduct another mass round of layoffs on Wednesday, several sources working at the company told Vox. In an internal memo posted to a Meta employee message board on Tuesday evening and viewed by Vox, the company told employees that the layoffs will start on Wednesday and will impact a wide range of technical teams including those working on Facebook, Instagram, Reality Labs, and WhatsApp. A Meta spokesperson confirmed the memo was sent to employees but declined to comment further. The cuts could be in the range of 4,000 jobs, one source said.
"This will be a difficult time as we say goodbye to friends and colleagues who have contributed so much to Meta," Lori Goler, Meta's head of people, said in the memo. Meta employees in North America will be notified by email between 4 am to 5 am PT Wednesday morning, according to Goler's note. Outside of North America, the timelines will vary country to country, and some countries will not be impacted. Meta is also asking employees in North America, whose job allow it, to work from home on Wednesday to give people "space to process the news." "The layoffs come after Meta CEO Mark Zuckerberg said in March that the company would cut 10,000 more jobs in the coming months, after already cutting 11,000 in November," notes Vox.
"This will be a difficult time as we say goodbye to friends and colleagues who have contributed so much to Meta," Lori Goler, Meta's head of people, said in the memo. Meta employees in North America will be notified by email between 4 am to 5 am PT Wednesday morning, according to Goler's note. Outside of North America, the timelines will vary country to country, and some countries will not be impacted. Meta is also asking employees in North America, whose job allow it, to work from home on Wednesday to give people "space to process the news." "The layoffs come after Meta CEO Mark Zuckerberg said in March that the company would cut 10,000 more jobs in the coming months, after already cutting 11,000 in November," notes Vox.
Re:Only... how many? 83k more to go. (Score:5, Funny)
Have you tried maintaining thousands of lines of your boss's shitty PHP code while he buries himself in his VR hobby project?
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# /bin/rm -rf /fb_php_src/
Yup.
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Facebook is well on its way to becoming the next myspace. There's nothing innovative going on at "meta" anymore, therefore no need to have so many employees.
Re:Only... how many? 83k more to go. (Score:5, Interesting)
It’s true that Facebook is severely overvalued. Its stock valuation was based on the idea that a HUNDRED TRILLION PEOPLE will become facebook users by next year, and it clearly needs to crash down to reality. But billions of people use FB to keep up with friends and family. The truth is that it really does improve the life of a lot of people. Yeah, there’s also a bunch of hate and misinformation. I’m not a fan but I acknowledge its value.
Sure, young people aren’t hot on Facebook. That would be a big deal except the world has like what.. a dozen young people at this point? The average age is shooting upwards. Middle-agers and oldsters are driving most economic trends nowadays.
Facebook isn’t going anywhere, but they’ve proven incapable of expanding beyond social media. They need to dump their VR efforts ASAP or they’re gonna get mauled by the 500-pound gorilla known as “Apple”, now that it’s moved into that space.
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Users or active users?
There are 5 FB accounts in my name.
The one I made in early days when a buddy harassed me into it and wouldn't shut up until I made one which I never logged into again.
The one I made for work testing.
The one I made as a personal account I don't login to more than once a year.
The one I made for my daughter's oculus login which no one ever logs into. And no she doesn't use the oculus anymore either.
The fake one my ex wife made to harass me using my linked in pic.
I doubt most people have
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How many are bots or company accounts?
Re:Only... how many? 83k more to go. (Score:5, Informative)
They do a ton of stuff that most people have no clue about. Ask any AI person for example about all the great stuff out of Facebook Research [github.com]. 803 repositories and counting, and some of them are really important (for example, xformers [github.com]). The project [bandcamp.com] I've been working on this past week (still needs a bit more cleanup) is based around demucs [github.com] (among other tools), and I've considered adding in svoice [github.com] to future projects.
Unlike most people, who relish in news about Facebook/Meta layoffs because they think of the company as just Facebook / Instagram / etc and hate Zuckerberg, I don't relish in this news at all, because a lot of this development is going to get cut back or outright killed.
bastion of democracy (Score:2)
What has Facebook got to do with democracy?
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I forgot that Facebook was the only channel of communication possible.
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Since when is corporate governance a democracy? Sure, they have board meetings where they vote on shit, but not every vote is equal. And if the cofounder is still hanging around with >50% of the shares, then you have no democracy at all.
A medical miracle (Score:5, Funny)
The only metastasis that shrinks.
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But they aren't shrinking. They are wobbling more like my body weight when I drown myself in beer between diets. At the end of this year they will be on track for expected employee growth if you fit a curve through their past employees counts.
2021 and 2022 were outliers, this is a correction and *unfortunately* the cancer is still growing.
It not needed, its just gaslighting. (Score:1, Interesting)
Meta can easily keep this head count, but they want to pretend like they're bad at business and don't know how to hire correctly, Instead of admitting that they're actually losing people because of the pandemic and all the opportunities that have opened up for their people.
They saw that rates were going up because opportunity was going up for people. And now they're trying to fight the idea of all their costs going up because of employment going up in terms of cost, because now everything is a contract, and
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Uh wut?
The flat earth people on YouTube are more coherent.
Who is your dealer?
Suits Get To Stay Although They Can't Make Work (Score:2, Insightful)
For employees. So employees are laid off? I love capitalism. Only the real workers get fucked.
Who thought this shit up? Slave owners?
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How do you know there are no managers or execs getting cut?
Mass layoffs often drop entire teams or divisions and everyone in them.
Re:It's because Congress backed off (Score:5, Insightful)
That said as soon as the Republican party took over the house talk of antitrust enforcement was put on the back burner.
...except anti-trust "enforcement" (i.e. of existing laws) would be the province of the executive branch, which is currently controlled by the Democrats. I swear, this mentality that "team I am not a member of is the cause of all of society's ills, regardless of the actual facts!" is fucking ridiculous.
Yes & No (Score:1)
And yeah, I'd like to see Biden do more about anti-trust. He's still a center/right Democrat. There's a lot about him I like. He changed the guidelines around mergers for example. Companies used to be able to merger all they wanted so long as they pinky swore they wouldn't raise consumer prices. Biden changed that back to the old (sane
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Hey, you forgot to mention how our 1% overlords are somehow behind this and the only reason for layoffs is so they can pocket more money while making the surviving serfs work harder and the only solution to layoffs is government taking over large corporations for everyone's benefit in a pure socialist utopia. Oh and something about techie unions, too.
You're slipping but I'm happy to help fill in for you on occasion.
You're welcome.
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Great, so you have a theory about what Congress's problem is.
However, Congress doesn't enforce antitrust law. They can hold hearings for legislative purpose - e.g. finding information in order to create or revise existing laws - but existing antitrust laws are enforced by the Department of Justice. They have a whole division for it.
And while the DoJ doesn't conduct investigations in the public record, it's been two years since AG Garland took his oath of office - if there was any action on this from their
Like I told the other guy (Score:2)
Christ, I don't mean to be mean, but you might want to brush up a bit on US Civics... To be fair my government class sucked rocks too. I learned all this from the Internet (I'm too old to learn Sex Ed from the Internet though, I learned that from girly magazines).
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While you "don't mean to be mean" you seem to have forgotten about the separation of powers. Congress can refer all they want, but that doesn't mean DoJ needs to do shit about it; see: the contempt of congress referrals to DoJ from the last Congress where exactly jack shit was done with some of those referrals.
So maybe you could brush up on current events when it comes to "US Civics" because there are a few examples from the last 12 months that show that what I said is more correct than what you said.
Rejoice (Score:1)
I am glad to see every Facebook employee lose their job, they all contributed to the cyberstalking which we all are suffering.
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Yeah, just run everything through that new AI_Hallucination.php script.
I'm sure it'll work out.
How many laid off from working on the Metaverse? (Score:1)
It's not like they were ever going to generate revenue.
Meta might hire them back but as contractors (Score:1)
I like the part where it says:
Meta is also asking employees in North America, whose job allow it, to work from home on Wednesday to give people "space to process the news."
More likely this means: "If you go to work on premises, do it at your own risk. Expect possible violence exposure, ignore people's long faces and crying out loud, and stay away from people using office elements as percussion ones, they're not playing music, at all."
"Meta" stands for "Metastasize" (Score:3)
"Meta" stands for "Metastasize", and yet more layoffs continues to prove it.
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Now look out for that fanboi/troll (you know who you are) that's going to come and claim everything I just said is wrong.
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Oh, it's you again. [slashdot.org]
You sure seem to have a fetish for being a "Facebook fanboi" and incessantly trying to get your useless point across (closet [slashdot.org] troll [slashdot.org] much?).
I'd call what's happening to Facebook more appropriately as "hemorrhaging" (cash, talent, public respect, etc.), but the OP's point (unlike yours) stands nonetheless.
..... and talk about running head long right into that one - Lol!:
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You wouldn't be far off the mark! ;)
Just another reason to tell recruiters to go away (Score:4, Interesting)
It seems like Facebook and Amazon are so desperate to get me that they have even resorted to emailing my parents trying to offer me a job. I have no idea why. Previously, the only reason I could give was basically "Everybody says your company is a horrible place to work." Now I can say, "Everybody says your company is a horrible place to work, and there's no job security."
Why anyone with any other choice would take a job at a company like Meta is beyond me. At this point, after two rounds of layoffs, both of which (at least from an outsider's perspective) appear entirely unjustifiable, they should pretty much assume that they now have all the employees they'll ever hire.
Good luck. AFAIK, I already sold all of my Meta stock after their first round of layoffs. No point hanging around a sinking ship. As a stockholder (former now), I view layoffs as a clear indication that the company leadership has no idea how to right their sinking ship, so they're throwing the crew overboard to reduce weight. This approximately never works, so layoffs are a "strong sell" indicator, at least in the medium to long term. (In the short term, it can give you a temporary bump because of all the shortsighted investors who can't look more than one quarter ahead to see the writing on the wall, but meh.)