Tech giants Meta, Amazon lay off more workers as cuts continue
sfchronicle.com
sfchronicle.com
One of my friends who works at MBB told me that because of startups withering off and tech consulting gigs drying up (except for some one-off headcount reduction projects like these), there has been a significant reduction in MBB hiring too. For example people hired in 2022 were asked to join in the 2023 cycle for instance.
This is more a case of Meta and AMZN not being able to produce growth through new products anymore. It's hard doing that when you're multi-hundred billion dollar businesses. They're trying to grow profits by squeezing their margins now, and it's too expensive to park talent to prevent it from going to competitors.
Vast majority of those users have stopped using the service. Activity is down at least 85%.
https://techcrunch.com/2023/08/31/threads-web-launch-did-lit...
https://www.similarweb.com/blog/insights/social-media-news/t...
Add to that the kind of person Musk is and Twitter is on a nosedive, it just has an absurdly long way to fall.
So far, a community made of people whose most common shared trait is hating Elon Musk seems like not a very nice place to be.
The only interesting thing about it as a user is if someone famous happens to post there for some reason they often get very little engagement, and as a result if you reply to them there's a higher chance they might read it and respond compared to other platforms.
Besides that, the non-sequitur overwhelmingly hateful knee-jerk sentiment is way over the top. I want no part of a platform that is seemingly populated almost exclusively by people like that.
Correction: Musk did not adhere to a request from the Ukrainian government to extend Starlink to parts of Crimea
> the Ukrainian government had asked him to activate Starlink "all the way to Sevastopol," the largest city in Crimea, and he [Musk] refused to do that to avoid escalating the conflict.
I still don’t agree with someone having the option to deny potentially critical communication services in a conflict when that person has zero military expertise.
Are you referring to the supposed shutting down of Starlink over Crimea during a Ukrainian operation? That was misinformation and never happened. The US government has control over Starlink in several different ways and you can be sure that if they really needed it turned on or off in any specific area they could have it done immediately.
Anyway these concerns are totally irrelevant to the original point about negativity on Threads because nobody there even realized that a Starlink competitor was what they were talking about.
The Meta layoffs [1] are hitting a 600 person department.
The Amazon (Twitch) layoffs [2] are "significantly smaller than the March round, which included more than 400 people."
Sucks for the people being let go, especially in this weird job market, but it doesn't yet seem like it's a repeat of those massive layoffs last winter.
I also wish layoffs.fyi or similar had more historical data, just to compare this to, but even in good times small layoffs do happen.
[1] https://www.reuters.com/technology/meta-lay-off-employees-me...
[2] https://www.gamesindustry.biz/twitch-makes-another-round-of-...
The other early-career people I know are having trouble as well.
There's a lot of luck involved in getting hired right now, even for high performers. There are a lot of other high performers competing for the same jobs.
I know some people who were laid off and found jobs in a few weeks, several others who were on the market for many months, and there was not a significant skill-based correlation.
1. Software engineers and others with specific technical skills are still in high demand. During the boom years, many companies simply couldn't afford the tech talent they wanted/needed because there was so much competition. However, I think it's safe to say some folks who got laid off from FAANGs will literally never make those total comp numbers again.
2. The people I see really struggling are more in the "tech adjacent" roles: think HR, recruiting, some product managers, lots of non-tech marketing folks like social media managers, roles like "agile coaches", etc. In some cases I've seen people completely leave tech because they just couldn't find work.
3. Lots of demand for good salespeople. Good salespeople are kind of always in demand, though.
But then again, I guess we're back to "I'm an engineer, all these non-technical people are non-value-add because I can engineer everything." Even when some of them are, actually, technical themselves and just chose another path to use their skills.
I've met some excellent ones that actually do what you claim as their purpose. But vast majority add zero value and many negative value.
But I admit it's very coupled with companies' cultures.
FWIW, in many of those "technically adjacent" roles I mentioned, I've found that good ones can be worth their weight in gold, where "good" is usually defined as having a very strong attention to detail. Unfortunately, I've found a large number of folks in those roles are not good and that there are "more places to hide" in those roles than strictly technical ones.
For example, I think that stellar product managers are invaluable, and I also think that since product manager can span so many functions it's probably the hardest role there is in tech. But I've been extremely frustrated, as an engineer, with many, many product managers who lack an attention to detail of how their own product works, and see themselves more as meeting-scheduler and jira-ticket-updater.
So I don't mean to denigrate those professions, but I have found that, compared to software engineers, that bad ones seem to be able to stick around longer. With software engineers, if you can't code it becomes quickly apparent and these folks tend to be forced out or leave pretty fast on their own volition (of course, good coders can have a host of other problems...) But with non-technical/less-technical roles I've found that there is more "chaff per wheat", so to speak.
The way it plays out between our engineering management and hr is that we are hiring people who would have been evaluated at the top end of whatever level N we filtered on at the bottom of the N+1 level.
We obviously aren’t getting the people who did things like invent completely new technologies but we’re are grabbing a ton of people for seats we needed filled anyway, at a higher skill level than expected
Or does your company have generic openings, and you’re saying that people are now more comfortable with offers a lower level than they’d qualify for? (which puts them at the top of level N vs bottom of N+1).
In either case, it sounds very much like an employers market right now. The only exceptions would likely be individuals in high demand roles (like AI/ML).
Given how little the tech giants seems to suffer from their layoffs, there's a pretty good chance that they where massively over-hiring for years, actively hurting other companies and inflating salaries in some areas of the country.
If I was an investor in Meta or Amazon, I'd start question if the company is actually well managed, when they apparently have had hundreds, if not thousands of people on payroll that isn't actually required to run the business.
Edit: example of newly open position https://www.metacareers.com/jobs/298738792749406/
I don't feel any confidence in my job lasting anymore. If I lose it I'm simply going to choose die, because I don't have any fight in me anymore. My job is the only thing that makes me worth anything as a human, if I lose it I am nothing.
It's immediately evident that it is a false statement. Perhaps you are sad and lonely. That could very well be the case. A lot of people are in the same boat, I know I am. Perhaps you have other issues entirely.
But that doesn't mean that your job is the only thing that makes you "worth anything as a human". Your worth as a person is given to you when you were born.
Not by the state. Not by your community. But by the very fact that you are a living, conscious thing. Life might be hard, but that doesn't mean without your job you are nothing.
What makes you worth anything is who you are as a person. That’s what makes you everything.
At least to me it seems like you have an unhealthy relationship with your job or just work in general.
Why would I be a burden on others? I’ve never perceived this.
I support myself and that’s all I need. Doesn’t take much at all to support myself, at least in my experience.
I've not been screened, that's kind of difficult when the waiting list is years.
My dad was laid off three times in his life, including after I was just born. It wasn’t easy, but it was pretty common and expected for blue-collar people in his generation (baby boomers). Don’t make it into a bigger deal than it is.
Good luck.
I'm not trying to make an excuse, I'm on the waiting list for public services. I was/am also on a private waiting list, but missed their one random call 13 months later and got bumped to the back of the list as a result. The system is needlessly cruel and difficult to access.
Your father had a kid, a reason to continue fighting. I have nothing.
Thank you for the well wishes though.
There is no point or value to this kind of guilt tripping and the perspective here is incredibly limited.
I often think about people in other professions who have to work harder in poorer conditions for less money.
For me, the best way to direct these feelings is to recognise I don't deserve this any more than those others in any meaningful sense, to try and live modestly and help out others to try and redress some of the imbalance.
The higher paid superiors are just more of a tiny fraction of the population who happen also to be in an extremely lucky position
Perhaps C-levels should be better at their jobs and feel the "fire in their belly" (what an obnoxious phrase) to not harmfully impact so many people at once.
From that frame of reference, it's so good the plebs have to continue their gladiatorial combat.
Just because there's people that are in an even rougher spot doesn't make tech workers "annoying." Take a look at the income inequality, it may surprise you.
> Meta declined to comment, but CEO Mark Zuckerberg said in March that completing the company’s roughly 21,000 job reductions “may take through the end of the year,” with some teams not affected for months “in a small number of cases.”
https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-...
Being fired from Cloudera was the best thing that ever happened to my career. The company was going downhill but I would have never left because I was there so early and always viewed from the pov of someone surrounded by someone smarter than oneself.
My guess is these companies have no way of measuring overall output or productivity that doesn’t suffer from all sorts of stupid bias. Many of these people will do way better if they get another job quick.
layoffs freezes
etc are basically weekly lifecycles
like, there is no article about freezes being lifted or hiring restarted
but reality is closer to ebbs and flows that are quite quick
https://www.reuters.com/markets/us/us-job-growth-beats-expec...