7 ms·
So from 86000 last year they'll be going to 60000ish this year? That is pretty severe. For those of us in mature industries cyclic layoffs are just how things a
by zwieback 4y ago
So from 86000 last year they'll be going to 60000ish this year? That is pretty severe. For those of us in mature industries cyclic layoffs are just how things are but 25% shrinkage is scary.
- throwaway019254 4y agoThey had 45k employees three years ago. Maybe they were really hiring too much?
- SoftTalker 4y agoI really have a problem imagining what 86,000 employees do, even at a company like Meta
- sbarre 4y agoYep same. I work for a telco that runs a national physical phone network, a high-speed home Internet fibre network in about a third of the country, retail stores across the country, call centers, a full sales & marketing team, plus a huge IT operation, and we are less than a third of that headcount. To be fair, Meta is a global business with billions of users, so I'm sure it takes people to run all that, but it's still hard to rationalize.
- edmundsauto 4y agoBeing global is a big part of it. Imagine trying to follow regulations for thousands of products that reside within the apps in every country in the world. You need to have engineers who can localize, work with legal teams who understand global and regional requirements. You need folks to work with the local version of the FTC if you are under consent agreements. Your HR team has to be experts in local employment law in every jurisdiction, especially during layoffs. Folks who haven't worked on products that cross jurisdiction (and for a company that has a LOT of attention on it, due to being so much in the press) - it's just a completely different scale. Heuristics for headcount in a single country just don't really work.
- Moldoteck 4y agoAds, other apps like insta, Whatsapp, reliability, database management, I'm not sure, du they have own servers? Vr recently, AI, office clerks, r&d, moderation, other experimental apps that don't make it to production, managers, I guess they can have lower HC, but it's a multiapp global business with billions of users, I totally expect the number to be huge, especially to be competitive with other social apps like tiktok, twitter, telegram and others
- suddenclarity 4y agoReturning to 2020 levels. Says something about the hiring frenzy that went on.
- smnrchrds 4y agoIt would show a decoupling between revenue and headcount, which is certainly bad news for tech workers. Meta's revenue in 2022 was 35% higher than 2020, 65% higher than 2019. If tech companies have found a way to simultaneously increase revenue and decrease headcount, the future of employment in tech would not be as rosy as its past. https://www.statista.com/statistics/268604/annual-revenue-of-facebook/ https://www.statista.com/statistics/268604/annual-revenue-of...
- whiplash451 4y agoThere’s significant latency between hiring and revenue. There’s probably some Elon effect happening here too (“if he can do it, I should be able to do it too!”)
- phpisthebest 4y agoFacebook should go all in, cut 80% out... "If you're not trying to run some sort of glorified activist organization and you don't care that much about censorship, then you can really let go of a lot of people, turns out," -- Elon Musk..
- vkou 4y ago"Based on current trends, probably close to zero new cases in US too by end of April" -- Elon Musk, 2020 "I think we will be feature complete — full self-driving — this year," in a podcast interview. "Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year." -- Elon Musk, 2019 He says a lot of self-serving shit, there's no reason to cite him like an Oracle of Delphi.
- miohtama 4y agoElon Musk has shown you can lay off 80% and still have the service is running.
- otikik 4y agoAll he has shown is that he was all image and appropriating others’ accomplishments.
- 650REDHAIR 4y agoFor how long though?
- QIYGT 4y agoEven if it could run forever, just keeping it running isn't good enough. If you never make any improvements, your users are going to go to a different service that does.
- dnissley 4y agoTwitter already proved this isn't the case over the last 10 years.
- midoridensha 4y agoMicrosoft too: Windows is now ad-ware and users are still happily using it.
- coolbreezetft22 4y agoIt's now riddled with bugs and every other "reply" is an ad for a product completely unrelated to whatever tweet it's replying to. No one outside of twitter was predicting it would just suddenly collapse, but instead a slow degradation of quality (ironic given that twitter is being marketed as the "#1 most accurate source of information on the internet") The top tweet under every "More Tweets" section is always a childish Musk tweet with a 420 or 69 reference in it
- throwbadubadu 4y agoI don't get what facebook is doing with all that headcount in relation to their product and in comparison to other companies... even 20k feels too high, much too high still?!