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I imagine Meta has a harder time recruiting then their peer companies, because of their reputation and the moral hazard. I wonder how much investment it will t
by htag 4y ago
I imagine Meta has a harder time recruiting then their peer companies, because of their reputation and the moral hazard. I wonder how much investment it will take them to get staff levels back to where they are now. It really feels like they are peaking as a company.
- karmasimida 4y agoI guess they will stay with about 50k people with maybe barely modest growth in HC for many years to come.
- hnfong 4y agoMaybe this will be true in the years going forward, but AFAIK even in 2022 they were still considered top tier FAANG to work for among new grads, if only for the fact that compensation is generally somewhat higher than their peers.
- AlphaCharlie 4y agoIt's only higher than other big tech companies because they have so much difficulty hiring new grad. it's what's holding the funnel together, the moment comp drops compared to the others they will lose a ton of candidates.
- htag 4y agoSince ~2016 Meta employment has signaled to me that someone values high compensation above anything else. This view has become so popular that choosing to work at Meta indicates you are fine broadcasting this signal. There might be some exceptions for those working on Oculus, but it's not a blanket exception.
- lordnacho 4y agoI'm not sure that's entirely fair. Whatever you think of the company that's no denying they have interesting problems to work on, such as AI, plus ordinary big tech scaling. Plus you don't know whether a person even had other offers.
- KyeRussell 4y agoYes. That’s how signals work.
- lumost 4y agoThis is the case across most Big Tech. If not for compensation, why would you choose to work in a large organization? Tech productivity peaks somewhere around 500-2k engineers in an org, by the time you hit 10-50k different groups look like different companies in terms of coordination tax.
- rvba 4y agoIt is not so easy to get a (first) job in FAANG. They sieve out a lot of bad programmers during their recruitment process. Probably some recruiters beleive that if you managed to get to a FAANG and stay for 2-3 years, then you are competent enough for many other jobs. So in theory working there opens doors. It used to be similar in finance, where getting that internship at Mckinsey/Bain/BCG or in BIG4 (deloitte, ey, kpmg, pwc) meant something - in some countries it was like 1000 candidates per 1 place. But I feel it is much fewer nowadays.
- lumost 4y agoaye - it definitely signals rigor. However it is worth questioning whether Google at 30k employees has the same signaling effect as Google at 186k employees. Either the number of highly qualified engineers has increased by 4x - or the bar has lowered over time. I'd imagine that 4 years from now having OpenAI on your resume will be a much better signal than Google, if only for the reason that there are only 400 people who can claim OpenAI as their background.
- htag 4y ago> whether Google at 30k employees has the same signaling effect as Google at 186k employees This is why prestigious universities don't invest in increasing class sizes. The student demand is there. There is no lack of world class professors to hire, and larger facilities could be built. An Ivy league is capable of reaching 10x enrollment in 20 years while raising tuition and providing the same quality of education. However, within 50 years the brand will carry less prestige.
- ratorx 4y ago
- hackernewds 4y agoIt's higher per year, but lower per hour of work. IYKYK
- ilrwbwrkhv 4y agoNew grads have lost their minds. It is really sad to see the state of affairs. When we were coming out we used to shun large companies. Now they are joining large companies. Sad!
- NegativeK 4y agoNew grads joining large companies isn't anything new, nor is it "Sad!".
- ilrwbwrkhv 4y agoThey are also using Electron apps. No wonder we are in a recession.
- paganel 4y agoThe money is just too good to put aside. Plus, the cost of housing has gotten through the roof, so you'd have to be a real and committed idealist (or to have family money) in order to shun that type of compensation coming your way. If it matters I'm in my early 40s and I have left money on the table in the past because of said idealism, but if I were to be a 20-something again and especially in today's market I'm not sure I would do the same thing.
- gruez 4y ago> and the moral hazard What’s the moral hazard? For reference, moral hazard doesn’t mean “working at an immoral company”. https://en.wikipedia.org/wiki/Moral_hazard https://en.wikipedia.org/wiki/Moral_hazard
- sneak 4y agoBuilding a widespread surveillance society and a centralized trove of user profile data, in a jurisdiction known for disregarding human rights to privacy (see FAA702 et c) and committing genocide when it suits their ends. Building such a machine (Instagram, FB, WhatsApp, etc) poses a grave danger to a free society if misused, but Meta will not be the ones directly harmed when the databases they built are misused in bulk by the state to commit mass human rights violations or other atrocities.
- margorczynski 4y agoI would add the greatly adverse effect on mental health, especially for young people. Here probably Instagram is the worst offender but they just ignore it even though there is concrete data proving the point.
- donkey-hotei 4y agoNo they don’t “just ignore it”. The studies that show this harm comes from Meta research themselves.
- gitfan86 4y agoHe probably meant a stain on your reputation. The implication is that you have bad morals if you work for Zuck.
- deleted 4y ago[deleted]
- ano88888 4y agoif you compare Meta to wall street firms and a bunch of other rent-seeking firms, Mata is actually causing much less harm. Somehow those other worse companies get a free pass.
- seunosewa 4y agoTheir CEOs being less socially awkward than the Meta CEO probably has a lot to do with that, sadly.
- blackwateragent 4y ago> Their CEOs being less socially awkward Could you clarify for someone out of the loop; I always thought Zuck was portrayed as socially awkward.
- seunosewa 4y agoYes, he is. I've edited the statement you responded to, to make it more clear.
- ReptileMan 4y agoThey are better than Apple and Google. Worse than new twitter. If I was to try and work for something - would be twitter. Seems like after all the self righteous people are out - it can have this old school atmosphere.
- astrange 4y agoI'll be surprised if Twitter is still running by next year. They're still laying people off and turning off any feature that requires paying a vendor. And how can you be more self righteous than Elon's friends who just tweet about "the woke mind virus" all day?