> “This is as anxious and stressed as I have ever been at a job,” a longtime employee at Meta tells The Standard.
The music has stopped and is now leaving people playing the musical chairs game without a chair (job) to sit on as the companies are literally taking away the chairs.
Reminds me of 2008, and 2000 but this time the 'new jobs' are not there and the game is global and affects every knowledge worker and it doesn't matter if you're "senior", "junior" or "staff" or whatever.
Nothing lasts forever. Better build something instead of expecting employers for free lunch and daycare-like benefits.
>Reminds me of 2008, and 2000 but this time the 'new jobs' are not there and the game is global and affects every knowledge worker and it doesn't matter if you're "senior", "junior" or "staff" or whatever.
So like 2000 and 2008 if you worked in heavy industry.
There's been a substantial increase in political bias.
> Our new X users saw double the amount of right wing content than left wing content
> And right-wing content was shown most prominently, regardless of users' political leaning.
> Left-wing users saw almost the same amount of left-wing and right-wing content, even though they only followed left-wing accounts. But only 14% of the political content sent to our right-leaning users was left-wing.
> The neutral users saw twice as much right-wing content as left-wing content. And barely any of the political content shown to our X users was non-partisan.
> Maybe the bias just aligns with your personal one now?
No. I’m an Obama era left leaning person, the same positions Obama had (illegal immigration is bad, if you don’t feel like a man don’t cut your penis off) are now considered right wing.
There are absolutely hard left positions on X - Israel should be destroyed, ICE must be dismantled, - but they’re not banned like right leaning content was in the Twitter era.
You may have noticed Zuck is continually trying to make or buy the Next Big Thing. Elon mostly just wants to keep the lights on and shape content to his personal interests.
> the framing that we are using this to train AI to do everyone’s job and the sort of unapologetic, ‘we’re training your replacement, and we’re not paying you more for it’ approach is just another signal of how little Meta cares about the humans that it employs
Look, I want everyone to be happy, but if you’re working at the addiction factory, I mean, let’s not kid ourselves about how much Meta cares about people.
It is frustrating, because I really enjoyed my Valve Index and want a replacement and Meta has some of the best VR tech in the world, but I've waited 6 years for Valve to release their new headset to buy a replacement, simply because Meta can't be trusted.
It doesn’t even really have anything to do with that. Training people’s replacements is as old as time. It’s business. Why would they pay above market rate just for fun?
I didn't hear anyone complain when Meta was only ruining other people's lives. I can't feel any sympathy now.
Also, if you promise to put everyone out of a job with AI, it's only logical to start with your own employees. Give everyone a preview of what's coming for them if the promises hold.
Meta has a lot of overpaid employees for what is basically an image posting and message board app. Im extremely bullish on AI reducing expenses at Meta as an investor with little harm to the business.
Meta is only network effects. You could build that in a weekend, and so could I. or you could just fork Mastodon. What keeps people from leaving is that their friends are still on it: network effects
I feel like making a system capable of delivering the amount of data that WhatsApp/instagram deliver to billions of people worldwide would take more than a weekend.
The curious thing about that is the transformation of the feed — it’s long since stopped being majority friend/follow posts and clearly is the algorithm picking whatever else it can come up with that will engage. This should mean personal network effects aren’t the moat anymore, for FB anyway.
Why do people continue to work at Meta? Especially when it's been clear to all for several years now that their plan to Change The World is to make the world a far worse place? Why do people want to be a part of that and remain a part of that?
Same reason people work at any of these big companies, money and prestige. You can be a terrible engineer, but if you have a few years experience at Meta it's going to make people think you must be a great one.
Like it or not it's true. I only worked at meta for two years before getting laid off myself but it seems to have greatly helped getting interviews.
I am much happier not working there though, getting laid off was a relief. Things changed a lot after the first layoffs and when the stock was around $90!
Imagine trying to hire engineers in 2 years with all of these stories lingering. There was maybe a brief window where "everyone understood" there had to be a correction to the post-pandemic overhiring spree... but we're well past that now. These companies doing this kind of performative cruelty have started their inexorable destruction.
Certainly, everyone has "a number" they're willing to suffer for - but telegraphing the suffering ensures that number will be maxed out and morale/motivation will be rock bottom. So: you're paying a huge premium for underperforming talent. Destruction.
You could have said this every year for so many years about so many companies. If people will work for Palantir, they'll work for Facebook. Facebook could be a lot worse and I think a lot of their employees would stick around.
I guess a response at the industry level would be not hiring ex-FB people etc, treating it as a red flag.
You're confusing _evil_ with _cruel_. Palantir is the former, but from what I have heard they treat their employees well. They are attracting exactly the kind of people they want.
That's true and probably a kinda critical distinction here. Facebook is sort of making the bet that they can not only treat the world like shit but their direct employees too.
Is it expected to be hard? Meta currently employees a lot of people who are willing to be there for any number of reasons. If 2 years down the line Meta announces a hiring push offering the same or better compensation packages with the ones offering now I am sure people will flock to be there.
I think we should put behind us any discourse about companies risking their hiring pool by being hostile to the society or their own employees. People will definitely try to be hired at $company if it means six figure pay, doesn't matter the sector. We have plenty of examples for this.
Like any market, they will not be the only ones in it. People remember how you treat them - especially in times like these. They will be paying premium prices for a demoralized workforce. They put themselves in a real tough position here.
You're describing the deal from three years ago: pay premium for premium talent that's willing to go above and beyond. I'm telling you about the new deal they have: premium prices for mediocre demoralized talent. They're dead in the water. "Things change" is a platitude that cuts both ways.
Covid-era over-hiring was never going to end well. If there’s any silver lining to this, it’s that with the AI tools used to AI-wash the dismissals, it’s easier than ever to bone up on economics and why it’s a bad idea to hire people without a clear view of the economic margins along which the employee will be profitable for the firm.
Someone made a great post about other companies who have shed their 'covid excess' but are still citing that period as a motivation for their decisions.
Meta isn’t going away anytime soon, but it’s on a slow and gradual decline into irrelevance. Ironically Zuckerberg has now broadly become the has-been geriatric business type he raged against so hard when Facebook began.
Companies in this stage default to exactly what Meta is doing, pound their employees with pointless initiatives and programs that just grind people to the bone and ultimately go nowhere.
He was done with Facebook. Then he read Ready Player One and thought fuck it, why not?
It was a bet. It didn’t pay off. His billions might be tied to the value of the company but his millions are safe and secure. He can keep taking bets for a long time.
Meta is just an investment vehicle for him at this point.
Unlike a startup that pays with illiquid RSUs, Meta paid its people extremely well for its bets though. I dont think Zuck is a great leader at all, but he’s definitely willing to pay for talent.
I dunno I think AI is pretty cataclysmic for the ad supported web. For one, why go to any webpage instead of reading the LLM summary. For two, why look at an ad riddled page when an LLM can clean it up for you.
They show them now but yeah they're another ad driven service in waiting. That's ultimately the end for Meta. When ad dollars go from websites to LLMs.
That's why Zuck is desperately trying to build Meta AI. It's an ad company, they couldn't care less whether their vehicle is websites or LLMs. But they do need the LLMs if they want to continue to sell ads.
> So what I suspect I’ll feel if I get laid off is an immediate flood of relief and happiness, very quickly followed by the sinking realization that I’m in financial trouble, because I don’t know how long it will take to land another job. Six months should be enough — a couple of years ago, it would’ve been.
If you’re looking for a job with similar pay, sure.
But if you’re willing to accept that maybe you were making over market and your next job will be more of a paycheck reality check, then it should be easier to find work.
Meta's morality aside, it's so strange seeing bitterness about software salaries on HN - very crabs-in-a-pot. Especially considering that the vast, vast majority of software jobs don't enable a life of luxury due to differences in COL.
Instead of insisting that more businesses should share enough profit to enable more people to live the Little American Dream (have a small home, small family, somewhere reasonably nice), we say the opposite, "No. People currently achieving that need to give it up." The bar is so low that this is what counts as "spoiled".
I had picked that name just wanting a polite, harmless phrase - and then I realized it could have a negative connotation of being a know-it-all (I'm probably in the bottom 5% of "knowing things" among HN users), exacerbated by the rise of complaints about "mansplaining". Oh well.
Yes, I'm commenting on a trend that I believed your comment was a part of based on your implications (implying something like "maybe you don't deserve what you've been getting"; and downplaying the impact of loss of income). Sorry if I'm wrong.
1) I know from an internal source that impact is known by now (this week) by the local leaders. There's a very specific criteria. This has been "socialized" with some survivors, but not all.
2) The Capex in building AI is what's causing this wave. That's not surprising.
3) The AI buildout caught a lot of companies with their pants down without financial firepower to make investments. People are surprised by new tech paradigms all the time, it's a permissible mistake. What's crazy is, why were these people hired in the 1st place. There would have been no bloodbath if that salary money was sitting in the balance sheet, as a muscle ready to be flexed. Instead, they just ate fat and now it needs to be trimmed.
4) >>> personal sacrifices you are willing to make
This strikes as very hollow. The very last thing anyone thinks about is personal sacrifices, when thinking about working at meta. Unless you are a paladin and you think selling people ads or getting them addicted to apps is some sort of an unholy dark spell, what's there not to like?
5) >>> fresh out of college came to expect six figures, free food, gym memberships, laundry services, and company stock that only went up. It seemed less like a job market and more like winning a particularly nerdy and privileged lottery. That’s not what it feels like anymore.
None of those things actually changed, except of course they expect you to do the work 24/7. Before it may have been 25/4. So the bar has been raised a little, yes, but the people working there still winners of "the nerdy and privileged lottery"
Meta makes $60 billion profit a year. Theyve got a 5.33 billion dividend and do $25 billion of buybacks a year. So even after returning capital to shareholders theyre racking up $30 billion a year in cash flow. They also have minimal debt, less than one year of profits on top of a cash pile that could pay it off instantly. Mark could easily pay for AI capex without cutting workforce if he wanted to.
My company doesn’t give a damn about me either… and they don’t pay what meta pays. What’s the point? If you are an employee, 99% of the companies out there couldn’t care less about you.
Not that I’d want to work there given what they do, but every time I’ve been contacted by a recruiter there, it seems like it’s within a month of a mass layoff they’ve had… which is maybe just because they seem to have mass layoffs every quarter now.
They also seem to have adopted a no-remote hire policy and are in an extreme high CoL location. It’s a truly awful mix for trying to attract outside talent. I don’t know why they even bother.
Boohoo, too bad so sad. Facebook has been a psychopathic company hellbent on making the most money possible in the most unethical ways by influencing its users and bleeding them dry for their personal data.
Whoever chose to work for them in the last 15 years really made a conscious choice. They chose money over ethics and anything else. And don’t tell me about student loans, there are other companies hiring (well, at the time anyway) engineers that would let you make your payments comfortably.
I do wonder if either the interviewer or interviewee are aware how insane this must sound to people with regular jobs. They did mention something about feeling privileged, but it feels like they don't necessarily understand what that actually means.
Realistically, you hit the lottery and had (still have?) it better than most. I'm not at faang, but I do pretty well at a tech company myself, and I've never thought of any of it as permanent, and I arrange my life accordingly.
Yet another "I arranged my entire life around the assumption I would have this same job and salary for literally ever and now I might not, oh no!" story. I don't get it. These people make a gorillion dollars. If they don't have multiple years of expenses saved up rather quickly, it's a skill issue.
rvz | 13 days ago
The music has stopped and is now leaving people playing the musical chairs game without a chair (job) to sit on as the companies are literally taking away the chairs.
Reminds me of 2008, and 2000 but this time the 'new jobs' are not there and the game is global and affects every knowledge worker and it doesn't matter if you're "senior", "junior" or "staff" or whatever.
Nothing lasts forever. Better build something instead of expecting employers for free lunch and daycare-like benefits.
cucumber3732842 | 13 days ago
So like 2000 and 2008 if you worked in heavy industry.
johnvanommen | 13 days ago
Ouch. Great point.
sillywabbit | 13 days ago
simianwords | 13 days ago
sidewndr46 | 13 days ago
nailer | 13 days ago
taylodl | 13 days ago
nailer | 13 days ago
vrganj | 13 days ago
> Our new X users saw double the amount of right wing content than left wing content
> And right-wing content was shown most prominently, regardless of users' political leaning.
> Left-wing users saw almost the same amount of left-wing and right-wing content, even though they only followed left-wing accounts. But only 14% of the political content sent to our right-leaning users was left-wing.
> The neutral users saw twice as much right-wing content as left-wing content. And barely any of the political content shown to our X users was non-partisan.
https://news.sky.com/story/the-x-effect-how-elon-musk-is-boo...
Maybe the bias just aligns with your personal one now?
nailer | 13 days ago
No. I’m an Obama era left leaning person, the same positions Obama had (illegal immigration is bad, if you don’t feel like a man don’t cut your penis off) are now considered right wing.
There are absolutely hard left positions on X - Israel should be destroyed, ICE must be dismantled, - but they’re not banned like right leaning content was in the Twitter era.
cosmicgadget | 13 days ago
derwiki | 13 days ago
malfist | 13 days ago
ceejayoz | 13 days ago
He threw several.
cosmicgadget | 13 days ago
malfist | 13 days ago
cosmicgadget | 12 days ago
tyre | 13 days ago
Look, I want everyone to be happy, but if you’re working at the addiction factory, I mean, let’s not kid ourselves about how much Meta cares about people.
surgical_fire | 13 days ago
riddlemethat | 13 days ago
nobodyandproud | 13 days ago
But who in their right minds trusts the people in Meta?
ZeroCool2u | 13 days ago
ErneX | 13 days ago
JohnnyMarcone | 13 days ago
dreamcompiler | 13 days ago
People out of work don't either.
Even people with jobs don't go to FB or Instagram hoping to read AI-generated slop.
Meta is about to find out all the above the hard way.
surgical_fire | 13 days ago
schmeichel | 13 days ago
treis | 13 days ago
tedggh | 13 days ago
therealdrag0 | 13 days ago
zombot | 13 days ago
Also, if you promise to put everyone out of a job with AI, it's only logical to start with your own employees. Give everyone a preview of what's coming for them if the promises hold.
voidfunc | 13 days ago
malfist | 13 days ago
sometimelurker | 13 days ago
lotsofpulp | 13 days ago
amazingamazing | 13 days ago
wwweston | 13 days ago
sometimelurker | 13 days ago
mcmcmc | 13 days ago
CuriouslyC | 13 days ago
wartywhoa23 | 13 days ago
Such a nice euphemism for data grabbing / social graph building / spying / AI training machine!
taylodl | 13 days ago
Simulacra | 13 days ago
derwiki | 13 days ago
ilvez | 13 days ago
notnullorvoid | 13 days ago
rurban | 13 days ago
It's like you are saying you worked at Microsoft, Oracle, HP or Cisco. Who wants to hire such people?
roland35 | 13 days ago
I am much happier not working there though, getting laid off was a relief. Things changed a lot after the first layoffs and when the stock was around $90!
therealdrag0 | 13 days ago
dccoolgai | 13 days ago
brianwawok | 13 days ago
spicyusername | 13 days ago
dccoolgai | 13 days ago
Obrigada | 13 days ago
staticassertion | 13 days ago
I guess a response at the industry level would be not hiring ex-FB people etc, treating it as a red flag.
dccoolgai | 13 days ago
staticassertion | 13 days ago
prinny_ | 13 days ago
I think we should put behind us any discourse about companies risking their hiring pool by being hostile to the society or their own employees. People will definitely try to be hired at $company if it means six figure pay, doesn't matter the sector. We have plenty of examples for this.
dccoolgai | 13 days ago
therealdrag0 | 13 days ago
dccoolgai | 13 days ago
treis | 13 days ago
ChiMan | 13 days ago
bonsai_spool | 13 days ago
This is a convenient strawman for companies but I think it's no longer true that the people being layed off stem from that time: https://www.macrotrends.net/stocks/charts/META/meta-platform...
Someone made a great post about other companies who have shed their 'covid excess' but are still citing that period as a motivation for their decisions.
nateglims | 13 days ago
cmiles8 | 13 days ago
Companies in this stage default to exactly what Meta is doing, pound their employees with pointless initiatives and programs that just grind people to the bone and ultimately go nowhere.
cheschire | 13 days ago
It was a bet. It didn’t pay off. His billions might be tied to the value of the company but his millions are safe and secure. He can keep taking bets for a long time.
Meta is just an investment vehicle for him at this point.
cmiles8 | 13 days ago
noisy_boy | 13 days ago
strongpigeon | 13 days ago
treis | 13 days ago
cosmicgadget | 13 days ago
treis | 13 days ago
zombot | 13 days ago
squiffsquiff | 13 days ago
Esophagus4 | 13 days ago
If you’re looking for a job with similar pay, sure.
But if you’re willing to accept that maybe you were making over market and your next job will be more of a paycheck reality check, then it should be easier to find work.
happytoexplain | 13 days ago
Instead of insisting that more businesses should share enough profit to enable more people to live the Little American Dream (have a small home, small family, somewhere reasonably nice), we say the opposite, "No. People currently achieving that need to give it up." The bar is so low that this is what counts as "spoiled".
Esophagus4 | 13 days ago
lisper | 13 days ago
happytoexplain | 13 days ago
happytoexplain | 13 days ago
IG_Semmelweiss | 13 days ago
1) I know from an internal source that impact is known by now (this week) by the local leaders. There's a very specific criteria. This has been "socialized" with some survivors, but not all.
2) The Capex in building AI is what's causing this wave. That's not surprising.
3) The AI buildout caught a lot of companies with their pants down without financial firepower to make investments. People are surprised by new tech paradigms all the time, it's a permissible mistake. What's crazy is, why were these people hired in the 1st place. There would have been no bloodbath if that salary money was sitting in the balance sheet, as a muscle ready to be flexed. Instead, they just ate fat and now it needs to be trimmed.
4) >>> personal sacrifices you are willing to make
This strikes as very hollow. The very last thing anyone thinks about is personal sacrifices, when thinking about working at meta. Unless you are a paladin and you think selling people ads or getting them addicted to apps is some sort of an unholy dark spell, what's there not to like?
5) >>> fresh out of college came to expect six figures, free food, gym memberships, laundry services, and company stock that only went up. It seemed less like a job market and more like winning a particularly nerdy and privileged lottery. That’s not what it feels like anymore.
None of those things actually changed, except of course they expect you to do the work 24/7. Before it may have been 25/4. So the bar has been raised a little, yes, but the people working there still winners of "the nerdy and privileged lottery"
HDThoreaun | 13 days ago
sdevonoes | 13 days ago
sgt | 13 days ago
deepsquirrelnet | 13 days ago
They also seem to have adopted a no-remote hire policy and are in an extreme high CoL location. It’s a truly awful mix for trying to attract outside talent. I don’t know why they even bother.
xnx | 13 days ago
> You’ve been at Meta for more than a decade.
It seems to be about someone who probably makes >$200K/year and should be set for life with stock options.
ornornor | 13 days ago
Whoever chose to work for them in the last 15 years really made a conscious choice. They chose money over ethics and anything else. And don’t tell me about student loans, there are other companies hiring (well, at the time anyway) engineers that would let you make your payments comfortably.
mji | 13 days ago
Sure but that's just because there are now different companies (AI labs) on this list instead
ifyoubuildit | 13 days ago
Realistically, you hit the lottery and had (still have?) it better than most. I'm not at faang, but I do pretty well at a tech company myself, and I've never thought of any of it as permanent, and I arrange my life accordingly.
eudamoniac | 13 days ago