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The most important point is missing. The reason for Meta layoffs is that metaverse is not getting enough traction. They wasted billions and they blame engineers
by RomanPushkin 4y ago
The most important point is missing. The reason for Meta layoffs is that metaverse is not getting enough traction. They wasted billions and they blame engineers for WFH? It's nonsense.
Moreover, with multiple rounds of layoffs nobody's gonna join Meta. Why joining? Getting 500k "salary" with a risk of being laid off in the next 6 months and spending the next 6 months looking for a job? It's not 500k, folks. It's a fake 500k carrot for naive bunnies.
I had offer from Meta, and I am so happy that I didn't go there. The company is just unstable, going downwards spiral. They have to pay me a really good sign up bonus with a good vesting schedule so I consider them, maybe, one day.
- clintonb 4y agoOkay…but you can feed a lot of bunnies with the $250K carrot.
- 93po 4y ago> The company is just unstable Minimum net income of $10 billion a year for the past 7 years is now apparently unstable
- rchaud 4y ago$10 billion annually sounds pretty good until you consider that they've spent close to $40b on a Second Life clone. Blackberry profits were looking good in 2009 as well, it wasn't until 2012 that the wheels came off.