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The concept of FAANG hoarding workers to deprive competitors of talent is an idea that has been bandied about on HN for quite some time. Finally, some solid sub
by Apocryphon 4y ago
The concept of FAANG hoarding workers to deprive competitors of talent is an idea that has been bandied about on HN for quite some time. Finally, some solid substantiation of this practice.
- amadeuspagel 4y agoI don't think so. She describes her experience of not getting any work, but she merely speculates that she was hired so other companies couldn't have here. This isn't any more solid that any speculation on this subject on HN.
- subsubzero 4y ago+1, I am really glad to see actual proof of this anti-competitive practice. The sole purpose of which is to "starve" out smaller competitors and startups of talent so there is less competition for meta and other larger incumbents. My guess is here is wall street forced Zuck's hand to offload this excess headcount by driving the stock down, but given FB's share structure(Zuckerberg has almost complete control over the company due to his share structure ownership) he could have kept along his pre-2022 path without much consequence except a battered share price.
- dfadsadsf 4y agoYes. Meta is on a mission to starve startups and smaller competitors from people who do DEI work. What would competitor do without diverse talent in recruiting? >Levy previously told Insider she was hired on Meta’s Sourcer Development Program, a 12-month program that helps workers from underrepresented groups enter the corporate technology recruiting industry.
- andrewmutz 4y agoI am skeptical this proved that Meta hires to starve other companies of talent. This all that the person said: > it kind of seemed that Meta was hiring people so that other companies couldn’t have us and they were just hoarding us like Pokémon cards Sounds like it was just speculation
- umeshunni 4y agoThis person was a DEI hire: > Levy previously told Insider she was hired on Meta’s Sourcer Development Program, a 12-month program that helps workers from underrepresented groups enter the corporate technology recruiting industry.
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- 4674yryfhf 4y agoIt doesn't really sound like she was hired to hoard talent though. From the article it sounds like she was hired as a diversity token. She probably wasn't put on anything significant because if you put a token on something valuable and they're lackluster you can't fire them without losing your token which means you're stuck with them dragging the project down. Nothing-work was a safe middle ground that solved the dillema.
- spaced-out 4y agoYou really think Meta hired this recruiter as part of some plan to keep smaller companies from being able to hire recruiters?
- Apocryphon 4y agoShe mentions other employees experiencing the same. Perhaps this is the first whistleblower who will pave the way for more corroborating with their own respective stories.
- bradlys 4y agoShe also sounds a bit like a clout goblin from just what I've seen. Clout goblins are infamously known for - you'll be surprised to hear this - making shit up.
- dilyevsky 4y agoI don’t think it’s necessarily a master plan it’s just an emergent property of these highly successful monopolistic megacorps