4 ms·

> So now Meta stock has lost half its value. The best performers will be looking at the door. An effort to weed out low performers is going to make things incre

> So now Meta stock has lost half its value. The best performers will be looking at the door. An effort to weed out low performers is going to make things incredibly toxic. It won't weed out bottom performers. It'll weed out those who are the worst at politics because that's what employee calibration is. Just FYI this is not a uniquely Meta problem or even a Big Tech problem. This is going to hit almost every tech company. Stocks are down across the board, and Meta stock losing half its value is just business as usual in this economy. Best performers will look at the door to... end up at another company shedding its stock value for the same. Layoffs and cuts always create lots of FUD and while they're generally based around performance, politics is omnipresent and will always result in unjustified winners and unneeded losers.

DeRock 4y ago
On a 5 year period: -MSFT: up 267% -GOOG: up 143% -AMZN: up 131% -AAPL: up 316% and META? down 6%
- Karrot_Kream 4y ago
  5 year periods don't affect employee compensation packages. Most people in tech last at a company for 2 years. Most cliffs are at the 4 year mark. META has dumped harder than most of the other Big Tech companies over the last year, but it's also the newest and has more growth priced in than the others who have been around for longer. If we look at YTD: - MSFT: -19.68% - GOOG: -21.67% - AMZN: -29.02% - AAPL: -13.93% - META: -49.91% You're losing money on your compensation package anyway. If your base salary is high enough at META (given cash on hand), then it can offset losses at most of these other companies. That said, META is probably most poised to suffer from a brain drain because of its relative stock performance. I still don't think it's going to lead to any sort of talent crisis (unless this triggers an exodus of senior talent holding the company's infra going or some other cultural factor.)
  - throwaway072722 4y ago
    Tech is kinda weird right now too. Job hopping slowed during the pandemic, and recession concerns, differences in WFH policies between companies, etc may extend avg tenure >2y. Also, good options are drying up. People left Apple, MS, Amazon Google to go to Meta + Netflix + unicorns (and subsequently moved between this second category). Netflix and Coinbase seem terrible options right now. Shopify too. Lyft, Uber? Can the runway hold? Snap, Twitter? Even worst than Meta. Airbnb? Instacart? Maybe, dunno. Stripe is probably the last great choice. Big tech is kinda the only game right now, and leaving Meta for another big co is unlikely to lead to higher comp even with stock variance. Esp. if Google tries to downlevel you as they often do. I'd be surprised if there's any significant exodus of top Meta talent.

DeRock 4y ago

On a 5 year period: -MSFT: up 267% -GOOG: up 143% -AMZN: up 131% -AAPL: up 316% and META? down 6%

Karrot_Kream 4y ago
5 year periods don't affect employee compensation packages. Most people in tech last at a company for 2 years. Most cliffs are at the 4 year mark. META has dumped harder than most of the other Big Tech companies over the last year, but it's also the newest and has more growth priced in than the others who have been around for longer. If we look at YTD: - MSFT: -19.68% - GOOG: -21.67% - AMZN: -29.02% - AAPL: -13.93% - META: -49.91% You're losing money on your compensation package anyway. If your base salary is high enough at META (given cash on hand), then it can offset losses at most of these other companies. That said, META is probably most poised to suffer from a brain drain because of its relative stock performance. I still don't think it's going to lead to any sort of talent crisis (unless this triggers an exodus of senior talent holding the company's infra going or some other cultural factor.)
- throwaway072722 4y ago
  Tech is kinda weird right now too. Job hopping slowed during the pandemic, and recession concerns, differences in WFH policies between companies, etc may extend avg tenure >2y. Also, good options are drying up. People left Apple, MS, Amazon Google to go to Meta + Netflix + unicorns (and subsequently moved between this second category). Netflix and Coinbase seem terrible options right now. Shopify too. Lyft, Uber? Can the runway hold? Snap, Twitter? Even worst than Meta. Airbnb? Instacart? Maybe, dunno. Stripe is probably the last great choice. Big tech is kinda the only game right now, and leaving Meta for another big co is unlikely to lead to higher comp even with stock variance. Esp. if Google tries to downlevel you as they often do. I'd be surprised if there's any significant exodus of top Meta talent.