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It looks like he's running the Musk - Twitter playbook. One notable difference seems to be that instead of cutting hard, he's doing multiple small cuts. I think
by ThalesX 4y ago
It looks like he's running the Musk - Twitter playbook. One notable difference seems to be that instead of cutting hard, he's doing multiple small cuts. I think that's not the best strategy. If I were a Meta employee I'd be looking for other pastures.
- deleted 4y ago[deleted]
- dlondon 4y agoIt is a good strategy for business continuity and they probably evaluate as they move people around internally. Employee morale doesn't matter when the market is full of hireable workforce (when/if they hire).
- slantedview 4y agoEmployee morale absolutely affects productivity. The impact of repeated cuts is a toxic drain on morale that can last years.
- mturmon 4y agoYeah, repeated layoffs really kill the "loyalty", "family" thing that companies try to create. And it tends to make the remaining workforce risk-averse, which is not what Meta has ever stood for. It's a real contradiction.
- wpietri 4y agoThis is true only if people work just as well out of fear as they do love. That is a common belief of people who like to manage via fear, but it certainly doesn't match my experience.
- ctvo 4y ago> Employee morale doesn't matter when the market is full of hireable workforce (when/if they hire). I'd take the bet that it takes just as much time on average for Meta to hire a new engineer as it did before 2021, across all levels, including junior engineers. A large population of engineers let go from other companies does not equal 1) those engineers wanting to work for Meta 2) the engineers who want to work for Meta can pass Meta's interview process or have the qualifications.
- deleted 4y ago[deleted]
- justapassenger 4y agoI know Elon Musk invented many things, including batteries, electric toothbrush and tiramisu, but he didn’t invent layoffs.
- ThalesX 4y agoI didn't say he invented them, I said he's running the playbook. Aggresively downsizing and introducing subscription tier. Presumably to achieve the same kind of goals.
- 93po 4y agoExactly. Parent comment is ridiculous. "It's exactly like what Elon is doing, except in a totally different way"
- 0cf8612b2e1e 4y agoI assumed the (minimal) appeal of working at Facebook was the presumably very high compensation package. What greener pastures are there?
- mindvirus 4y agoAssuming they continue to pay a generous severance, it doesn't seem like a terrible idea to stay.