First of all, I take with a grain of salt any piece about Facebook or Meta from a traditional media company (Vox belongs to Comcast) because they compete for ad

First of all, I take with a grain of salt any piece about Facebook or Meta from a traditional media company (Vox belongs to Comcast) because they compete for add revenue and historically Facebook has been better at it. Should be noted that Comcast also competes with Meta for engineering talent. > This represents a stark about-face for a company that, until recently, had been offering outrageous salaries and basically hoarding people in these highly sought-after technical positions. I'm not sure what's the narrative they are trying to push here with the ambiguous term "outrageous" when this comp was mostly tied up to... stock performance! It's good to remember that it's in Comcast's interest to see engineering compensation go down. Meta needed that talent if they were to be able to bring the Metaverse to market (wether it was a success or not). Think about the ground-breaking work by Occulus. The Quest is basically a 10x price reduction for VR hardware between 2010 and now. It's good to remember that most layoffs outside of Meta (who has been pivoting pretty hard) were "tech adjacent" positions [0] [1] [2] [3] [4] > "Additionally, Keum said that Elon Musk, who fired 80 percent of his staff but still has a (sort of) functioning product, has become a sort of inspiration for other tech CEOs, who see his extreme cuts as a way of making their more modest ones seem morally and culturally acceptable. Their stance? "Thank you, Elon Musk, for showing us that it can be done. And thank you Elon Musk for taking the blame," Keum said." Yeah... So far Twitter completely gave up it's API. Rumor has it they lacked the manpower to actually keep it running and it was a last-ditch attempt at getting rid of bots. Same bots who flocked to the platform after the layoffs started since people in charge of mitigating these were fired. Firing abuse and content moderation teams meant there was a lot more unsavory spam on the platform and advertisers didn't want any of it near their brand. Remember the Twitter Blue two days of spam? [5] [6] [0] https://interviewing.io/blog/2022-layoffs-engineers-vs-other-departments https://interviewing.io/blog/2022-layoffs-engineers-vs-other... [1] https://www.bloomberg.com/news/articles/2023-01-24/tech-layoffs-are-hitting-diversity-and-inclusion-jobs-hard https://www.bloomberg.com/news/articles/2023-01-24/tech-layo... [2] https://www.computerworld.com/article/3690309/about-those-tech-layoff-headlines-most-companies-arent-firing-it-workers.html https://www.computerworld.com/article/3690309/about-those-te... [3] https://www.gartner.com/en/newsroom/press-releases/2023-03-07-do-recent-layoffs-mean-the-tech-talent-crunch-is-over https://www.gartner.com/en/newsroom/press-releases/2023-03-0... [4] https://techreport.com/news/3493451/microsoft-layoffs-ethics-and-society-team-fired/ https://techreport.com/news/3493451/microsoft-layoffs-ethics... [5] https://www.businessinsider.com/twitter-lost-half-top-advertisers-elon-musk-takeover-report-2022-11 https://www.businessinsider.com/twitter-lost-half-top-advert... [6] https://www.vox.com/recode/2022/11/4/23438917/twitter-verifications-blue-check-elon-musk https://www.vox.com/recode/2022/11/4/23438917/twitter-verifi...