Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel

Arrow Left Previous Page
Page / 2
Posted: 7/3/2022 10:24:10 AM EDT
So it begins

Facebook's parent company Meta is slashing hiring plans as Mark Zuckerberg warns of "one of the worst downturns in recent history".

The social media giant plans to hire as much as 40pc fewer engineers than it had earlier predicted, amid an economic downturn and as privacy changes hit its advertising business.

Mr Zuckerberg, Meta's chief executive, outlined the changes to staff on Thursday.

"If I had to bet, I'd say that this might be one of the worst downturns that we've seen in recent history," he told employees, according to a recording of the event leaked to Reuters.

He said that Meta would hire between 6,000 and 7,000 engineers, compared to previous plans for around 10,000.

Mr Zuckerberg's comments echo those of fellow tech entrepreneur Elon Musk, who is in the process of cutting 3,500 salaried jobs because of a "super bad feeling" about the economy.

Mr Zuckerberg said many staff who leave will not be replaced and bosses will be encouraged to identify employees not pulling their weight.

"Realistically, there are probably a bunch of people at the company who shouldn't be here," he said.

https://www.telegraph.co.uk/technology/2022/07/01/mark-zuckerberg-tells-meta-execs-find-staff-who-shouldnt/
Link Posted: 7/3/2022 10:25:11 AM EDT
[#1]
Attachment Attached File


Stolen elections have consequences and his zuck bucks paid for the steal. Fuck the Zuck
Link Posted: 7/3/2022 10:25:50 AM EDT
[#2]
Code for fire the non xiden coc gobblers.
Link Posted: 7/3/2022 10:30:43 AM EDT
[#3]
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
Link Posted: 7/3/2022 10:31:21 AM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
/media/mediaFiles/sharedAlbum/temp-96.gif

Stolen elections have consequences and his zuck bucks paid for the steal. Fuck the Zuck
View Quote

Link Posted: 7/3/2022 10:38:57 AM EDT
[#5]
Canary in the coal mine?

I bet that web based advertising has to be among the first things cut when the economy is on the decline. They probably see and feel it first.

Not a good sign for the economy, but entirely predicable. When most people need a payday loan to pay for groceries and gas, you probably don’t need much more of a sign.
Link Posted: 7/3/2022 10:39:59 AM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
View Quote
I think I know why you didn't get it.

Link Posted: 7/3/2022 10:41:58 AM EDT
[#7]
So I guess white supremacists really are the biggest danger to this country.
Link Posted: 7/3/2022 10:42:52 AM EDT
[#8]
Fuck the zuck
Link Posted: 7/3/2022 10:43:01 AM EDT
[#9]
OK. Start by letting go the H1B visa holders.
Link Posted: 7/3/2022 10:43:52 AM EDT
[#10]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I think I know why you didn't get it.

View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
I think I know why you didn't get it.

He probably figured I wasn't American enough with 20+ years in Aerospace and Defense.

Link Posted: 7/3/2022 10:44:07 AM EDT
[#11]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
View Quote

A joke.
Link Posted: 7/3/2022 10:44:16 AM EDT
[#12]
So Oculus might get spun off and sold?
Link Posted: 7/3/2022 10:45:15 AM EDT
[#13]
What are they gonna do, have to learn to code?
Link Posted: 7/3/2022 10:46:57 AM EDT
[#14]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
View Quote


Bro, put some pronouns in your bio, a picture of you in womens clothing reading to children and a video of you beating up an old woman wearing a MAGA hat and try again.

Link Posted: 7/3/2022 10:47:31 AM EDT
[#15]
He means purge the politically unreliable.
Link Posted: 7/3/2022 10:48:29 AM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I think I know why you didn't get it.

View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
I think I know why you didn't get it.


Lol
Link Posted: 7/3/2022 10:48:57 AM EDT
[#17]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
OK. Start by letting go the H1B visa holders.
View Quote

Every other country in the world would do this except the United States.
Link Posted: 7/3/2022 10:50:14 AM EDT
[#18]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
OK. Start by letting go the H1B visa holders.
View Quote

Link Posted: 7/3/2022 11:03:59 AM EDT
[#19]
Eff pee an eye
Link Posted: 7/3/2022 11:05:07 AM EDT
[#20]
Link Posted: 7/3/2022 11:10:57 AM EDT
[#21]
Little pumpkin pie hair-cutted freak.
Link Posted: 7/3/2022 11:11:25 AM EDT
[#22]
I know that it would be a stretch, but I hope they go out of business
Link Posted: 7/3/2022 11:13:14 AM EDT
[#23]
Meta going Beta…
Link Posted: 7/3/2022 11:14:29 AM EDT
[#24]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
View Quote


Data accumulation and sales.

The problem is there's no more data to collect.
Link Posted: 7/3/2022 11:14:49 AM EDT
[#25]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Canary in the coal mine?

I bet that web based advertising has to be among the first things cut when the economy is on the decline. They probably see and feel it first.

Not a good sign for the economy, but entirely predicable. When most people need a payday loan to pay for groceries and gas, you probably don’t need much more of a sign.
View Quote

Return on investment from Facebook advertising is horrible.  Independent verification in almost non-existent, and Facebook supplied metrics have been proven false on multiple occasions.  Insta was somewhat better, but I haven't worked on anything on that end for a while.  

But, do you know what you call advertising that doesn't actually generate more sales?

Branding.
Link Posted: 7/3/2022 11:25:32 AM EDT
[#26]
The bizarre issue going on in the background of this story is the fact that Meta is building this huge complex in the middle of the high desert south of Boise about 10 miles.

Boise has a large microchip plant, Micron, that employs many people, but outside of Micron, not sure where Dumb Dumb plans on finding people to staff this huge facility?

The best part is, the fucking place is surrounded by gun ranges and public land where tons of people go to shoot.  I'm sure they won't be able to hear gun fire from inside, but definitely from the outside.

Besides, these scumbags knew what was coming. This is no surprise.
Link Posted: 7/3/2022 11:25:37 AM EDT
[#27]
Link Posted: 7/3/2022 11:30:16 AM EDT
[#28]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Data accumulation and sales.

The problem is there's no more data to collect.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.


Data accumulation and sales.

The problem is there's no more data to collect.
Yeah most of the jobs I applied for were BD/Strategy type positions. What I couldn't figure out is the sheer amount of volume of jobs in general they had across all labor categories. It just didn't make sense from any angle. That's kind of why I wanted to at least get interviewed to see WTF they were actually up to lol.

Maybe Zuc finally outdrove his headlights and has a "if we build it they will come" type approach that isn't panning out. At the time I just needed a job and thought it would be interesting, even if for a short while to try a stint at one of the silicon valley big boys.
Link Posted: 7/3/2022 11:32:43 AM EDT
[#29]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

Return on investment from Facebook advertising is horrible.  Independent verification in almost non-existent, and Facebook supplied metrics have been proven false on multiple occasions.  Insta was somewhat better, but I haven't worked on anything on that end for a while.  

But, do you know what you call advertising that doesn't actually generate more sales?

Branding.
View Quote

It’s long been said in the marketing world that half of all advertising dollars are wasted and don’t work. The catch is that you never know which half…
Link Posted: 7/3/2022 11:38:47 AM EDT
[#30]
Link Posted: 7/3/2022 11:40:30 AM EDT
[#31]
Tech sector on NASDAQ has been taking it on the chin since this downturn started.
Link Posted: 7/3/2022 11:42:22 AM EDT
[#32]
Bet they get rid of the people who put in 9-10 hour productive working days instead of the folks who spend all of their time participating in special D&E groups.
Link Posted: 7/3/2022 11:42:59 AM EDT
[#33]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

It's long been said in the marketing world that half of all advertising dollars are wasted and don't work. The catch is that you never know which half
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:

Return on investment from Facebook advertising is horrible.  Independent verification in almost non-existent, and Facebook supplied metrics have been proven false on multiple occasions.  Insta was somewhat better, but I haven't worked on anything on that end for a while.  

But, do you know what you call advertising that doesn't actually generate more sales?

Branding.

It's long been said in the marketing world that half of all advertising dollars are wasted and don't work. The catch is that you never know which half
Augustine's Law IV: If you can afford to advertise, you don't need to.
Link Posted: 7/3/2022 11:52:29 AM EDT
[#34]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
OK. Start by letting go the H1B visa holders.
View Quote


Silicon Valley companies will actively work at finding new jobs for H1-B holders while they kick the American workers out the door.
I'll often get calls from recruiters looking to place them at new jobs.
Link Posted: 7/3/2022 11:56:18 AM EDT
[#35]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
We all make fun of FB/Meta, but the joke is on a lot of us:  you own a ton of Meta stock via the S&P500…so you’d better hope they do well.

Or build your own portfolio without things like Meta.
View Quote


It might as well be the S&P5.

~20%:
Apple
Microsoft
Amazon
Alphabet
Tesla
Link Posted: 7/3/2022 12:04:54 PM EDT
[#36]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
/media/mediaFiles/sharedAlbum/temp-96.gif

Stolen elections have consequences and his zuck bucks paid for the steal. Fuck the Zuck
View Quote

I don't think that company will suffer.
Link Posted: 7/3/2022 12:22:16 PM EDT
[#37]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
He probably figured I wasn't American enough with 20+ years in Aerospace and Defense.
https://c.tenor.com/zsg894dpgDIAAAAM/zuck-zuckerberg.gif
View Quote


I would not be opposed if a vet ripped the flag from his hands and rammed the pole up his commie ass.
Link Posted: 7/3/2022 12:25:43 PM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


I would not be opposed if a vet ripped the flag from his hands and rammed the pole up his commie ass.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
He probably figured I wasn't American enough with 20+ years in Aerospace and Defense.
https://c.tenor.com/zsg894dpgDIAAAAM/zuck-zuckerberg.gif


I would not be opposed if a vet ripped the flag from his hands and rammed the pole up his commie ass.
When he posted that on FB last year or the year before the amount of shit he caught for it being just totally out of touch was hilarious. Oh look at me on my electric floating surfboard in Hawaii while the rest of the country suffers...'murica. It was beautiful.
Link Posted: 7/3/2022 12:26:50 PM EDT
[#39]
I mean, he's a notorious asshole.  He's such an asshole that they even made a movie about him being an asshole.  If you go work there, realize that you're working for an asshole.
Link Posted: 7/3/2022 12:29:29 PM EDT
[#40]
The amount of increase in employment is decreased.
Link Posted: 7/3/2022 12:31:01 PM EDT
[#41]
For a while now he's been trying to lay groundwork for some kind of political aspirations, but it always comes across as awkward and out of touch.
Link Posted: 7/3/2022 12:36:29 PM EDT
[#42]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Silicon Valley companies will actively work at finding new jobs for H1-B holders while they kick the American workers out the door.
I'll often get calls from recruiters looking to place them at new jobs.
View Quote


Unfortunately this is quite true. Between the woke HR types that consider it a personal failure to hire a white, straight man and the Indian tech clique that only hire their cousin's friends,  I don't want to think about how hard it will be to find a new job when it really hits the fan.
Link Posted: 7/3/2022 12:37:55 PM EDT
[#43]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I know that it would be a stretch, but I hope they go out of business
View Quote

Too big to fail.TM
Link Posted: 7/3/2022 12:42:00 PM EDT
[#44]
Downturn? They're shrinking because everyone hates"meta"
Link Posted: 7/3/2022 12:42:16 PM EDT
[#45]
Apple has really hurt Meta with changes iOS/iPadOS allowing users to shut off cross app tracking, etc.  google says they plan to do the same in future android releases.  I’m sure google is delaying till they can figure out how not to damage their own business and data collection opportunities.
Link Posted: 7/3/2022 1:08:26 PM EDT
[#46]
So they're going to get rid of all those h1bs first right and definitely not hire any more?
Link Posted: 7/3/2022 1:11:26 PM EDT
[#47]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I applied for a bunch of Meta jobs a year or so ago. None of the job req's really made sense and I never got one callback on dozens of positions lol.

I still don't know WTF meta actually is. I doubt most other people don't either.
View Quote
I see jobs posted by them in my field all the time...and I'm like "wtf are they doing hiring one of those?"  

Job description is odd and doesn't seem to align with the business.  

I began to wonder if it wasn't an AI create spam post by a bot.
Link Posted: 7/3/2022 1:11:51 PM EDT
[#48]
I have a hunch which departments have some fat to trim.

If there is a silver lining to what’s coming, it’s that a lot of people will find out if they contribute to the core business / profitability.
Link Posted: 7/3/2022 1:13:12 PM EDT
[#49]
Who cares what that gutless zit faced bitch tells anyone
Link Posted: 7/3/2022 1:17:56 PM EDT
[#50]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

Too big to fail.TM
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
I know that it would be a stretch, but I hope they go out of business

Too big to fail.TM



they said that about GM also
Arrow Left Previous Page
Page / 2
Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
Top Top