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> we anticipate growth in payroll expenses as we work down our current hiring underrun and add incremental talent to support priority areas in 2024, which we ex
by yuliyp 3y ago
> we anticipate growth in payroll expenses as we work down our current hiring underrun and add incremental talent to support priority areas in 2024, which we expect will further shift our workforce composition toward higher-cost technical roles.
Sounds like a company that really needed to reduce its workforce to achieve greater efficiency. It's totally not because they wanted to fire people without firing people. Nope.
- dnissley 3y agoFiring people without firing people? You are aware of the two major rounds of layoffs during the previous two years? Both of which came with extremely generous severance?
- deleted 3y ago[deleted]
- yuliyp 3y agoYes I was referring those rounds of layoffs. A generous severance isn't a job. Nor does it allow those on work-visas to remain.
- dnissley 3y agoSure but saying they were "fired without being fired" implies that the company did some kind of covert layoff through underhanded means, e.g. giving people low performance reviews in order to get them to quit, or forcing designated WFH employees to come back to the office or be fired, etc.
- EgregiousCube 3y agoClosing some positions doesn't imply that one should stop hiring for those that remain open and unfilled. What sinister motive are you implying?
- zmmmmm 3y agoit's exactly what Zuckerberg said right at the start - they want more engineers and less managers / other support roles. There are fewer engineers but they cost more.
- paulpauper 3y agoLove him or hate him, Zuck keeps defying the doubters. Even as far back as the IPO he was dismissed for his youth. Meta/Facebook was dismissed as a fad or the next myspace. He knew Meta needed to be streamlined, and he achieved this.