5 ms·
Yeah 5% is a very weird number. Why not just stop over hiring?
by tqi 2y ago
Yeah 5% is a very weird number. Why not just stop over hiring?
- bdcravens 2y agoFear. Effects on stock price during when talent is a hot commodity. Besides, all those Associate Directors of Nonengineering Engineers of Developer Conference Swag Acquisition need to eat too.
- nateglims 2y agoThe goal is to always be bringing in new talent and cutting lowest performers to increase productivity. They want the new talent and don’t care about the low performers at a personal level.
- blsapologist42 2y agoThe goal is to replace that 5% with new hires, resulting in higher average performance. It has nothing to do with total hiring amount.
- drillsteps5 2y agoI'm confused. The article specifically states that Meta cut 25% of its workforce since 2022 (that's not counting the 5% that are being reported). What overhiring?
- NBJack 2y agoHave you looked at their numbers on and before 2022? They very much over-hired a crazy amount. Zuckerberg admitted as such through his statements on "over investing". https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/ https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-mes... And if that wasn't enough: https://www.itpro.com/business/business-strategy/mark-zuckerberg-tech-layoffs-in-2024-have-been-a-natural-response-to-pandemic-era-over-hiring https://www.itpro.com/business/business-strategy/mark-zucker...
- Redoubts 2y agoA lot of companies doubled in size due to the Covid surge, for questionable strategic reasons
- mingus88 2y agoMetas philosophy (based on what an ex Meta person told me) is “up or out” So if you aren’t getting a promotion, you are eventually getting fired. This meat grinder probably has some perverse incentives for employees and makes sure you are always churning through folk who you don’t need to pay QoL raises to