Mark Zuckerberg Says Meta Will Slow Hiring, Won’t Rule Out Future Layoffs | Hacker News Reader

Mark Zuckerberg Says Meta Will Slow Hiring, Won’t Rule Out Future Layoffs

wsj.com

26 pointsantiviral15 comments

Who is advising him to do piecemeal layoffs. If he wants attrition without severance he is going to lose the best people that way, it's all downhill from there. Cut once and hard and stop making people distracted and fearful for their jobs

I think fear is the point

Meta has peaked a long time ago and now is entering myspace territory.

Seems like more of a Yahoo! to me. They have products that are popular, but they're blowing money on crazy ideas like metaverse.

looks like Yahoo! is still a thing. huh. Could have fooled me that it's long dead. I think it's the first time I heard about it in 2-3 years.

Yahoo is still very popular in Japan, although it's a different company apparently. And Yahoo Finance is still quite big around the world. Apart from that I'm not sure.

> although it's a different company apparently

No longer affiliated with the other Yahoo, significant stakes are owned by Softbank and Naver.

Yahoo Finance (https://finance.yahoo.com/) is a real news bureau, not just some syndicated stuff. In this case, they literally follow the money.

(This is of course only discussing the non-Japanese Yahoo, Japan's Yahoo is still widely successful.)

>“I just kind of think that for where we are in the efficiency that we’re able to get from new technologies, that’s probably the right model to expect going forward and that will be a different operating model and I think we can do it well.”

This reads like he might be planning to leverage AI to reduce their headcount requirements.

Maybe I shouldn't read into an isolated statement so much, but that would be a very in-character business move for Mark.

i mean, it's a good move if it could be done successfully. I just don't think the AI right now is quite there, and using them isn't going to produce the amount of productivity you'd need to replace humans.

May be one day, when the output of the AI doesn't need to be vetted by a human, then it would be successful.

Mr. Zuckerberg addressed employees in a virtual Q&A session on Thursday, a day after the company completed its latest round of layoffs. Mr. Zuckerberg told employees that approximately 4,000 employees were affected...

Mr. Zuckerberg told employees they should not expect more than 1% to 2% year over year “from this point forward.”

https://archive.ph/Bkl4V

Who on earth would still want to work for Zuckerberg now? You can't be sure to last any amount of time anyway.

Meta still pays good. Very good. I am sure there is no shortage of takers

as for "not sure how long you'll last", laid off with a few months of pay is a nice vacation.

How many Meta days is he planning this summer?

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