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Meta Freezes AI Hiring After Blockbuster Spending Spree
- impish9208 1y agoGift link: https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4?st=M55RmA https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4?s...
- ghostpepper 1y agoThanks for sharing. Pretty aggressive paywall that is blocking archive.is and won't allow viewing a gift link without an account.
- impish9208 1y ago> won't allow viewing a gift link without an account. Huh, that’s new. I didn’t realize they started doing that.
- seatac76 1y agoMakes sense the payroll numbers of true are those of a 300+ person AI startup.
- animitronix 1y agoLol. Meta has always been such a clownshow...
- mandeepj 1y agoThey have burnt $40B on metaverse fantasy!
- kjkjadksj 1y agoTaxes are way too low
- lotsofpulp 1y agoYou don't think those employees and vendors' employees and/or vendors' shareholders paid taxes on their income, capital gains, and/or dividends?
- deleted 1y ago[deleted]
- aredox 1y agoFound the one guy who still believes in the "trickle-down economics" con.
- kjkjadksj 1y agoI think they paid taxes and I think they are too low.
- lotsofpulp 1y agoBased on the fact that Meta was able to spend $x money on developing VR? Seems like pretty arbitrary and baseless reasoning to conclude taxes liabilities were too low.
- kjkjadksj 1y agoJust a sign that profits aren’t being sufficiently taxed if $40b are trivially available for a billionaires pet project.
- lotsofpulp 1y agoIf a business spends $40B to try to develop a new line if business, that is a business expense. If you are claiming that Meta’s R&D for virtual reality was not a legitimate business expense, but purely for Zuckerberg’s personal satisfaction, then good luck proving that. Or are you arguing for a tax on revenue, instead of profit? >are trivially available for a billionaires pet project. What could this even mean? That it is trivial to become a majority owner of a business with enough cash flow to be able to spend $40B on R&D? If so, then you we live in different universes.
- lotsofpulp 1y agoOthers can only hope their clown show is as successful: https://www.macrotrends.net/stocks/charts/META/meta-platforms/net-income https://www.macrotrends.net/stocks/charts/META/meta-platform...
- guluarte 1y ago[flagged]
- add-sub-mul-div 1y agoSounds like another thing he stole from the Winklevoss twins.
- nutribueno 1y ago[flagged]
- xqcgrek2 1y agoI'd be embarrassed to work for Meta or have it on my resume/CV
- garciasn 1y agoIf you land a $250MM total comp package, you probably won’t need to worry about being embarrassed about what companies are on your resume.
- deleted 1y ago[deleted]
- ulfw 1y agoNot exactly many make that even at crazy Meta. And now no one anymore will as they're ending their latest fad hiring.
- IncreasePosts 1y agoYou'd think instead of paying 1 really good engineer $250M you could pay 5 really good engineers $50M each.
- SOLAR_FIELDS 1y agoThis is a Bighead on the roof scenario. They aren't paying $250m to actually have $250m worth of work produced. They're paying it so that their competition doesn't have it.
- kjkjadksj 1y agoIf they are worth $250M to not work imagine how much they’d be worth if they said “screw that I’ll spin out my own company and license myself out.” I guess being paid a quarter billion to not work is hard to argue against though.
- platevoltage 1y agoI liked it better when companies were hoarding bootcamp grads.
- IncreasePosts 1y agoThat implies that the dude can generate $250M+ of value in a couple years. No need to put him on the roof, make him work. But, my point is - doesn't it seem reasonable that if you hire 5 people who take the $50M offer, you have a good chance of getting a better outcome than hiring the one guy for $250M?
- hooloovoo_zoo 1y agoMeta already bought all openAI’s secrets; now it just needs to let the GPUs cook.
- coro_1 1y ago> As of mid-August, Meta had successfully hired more than 20 researchers and engineers from OpenAI for the effort, at least 13 from Google, three from Apple, three from xAI and two from Anthropic for a total of 50-plus new employees. The rest of us look for cultural fit.
- yahoozoo 1y agoSurely Meta is going to be the company that turns LLMs into, not just AGI, but ASI.
- sarlalian 1y agoBoy are they going to make that instagram feed fire.
- tushar-r 1y agoLayoffs incoming?
- pm90 1y agoInteresting that investors can pressure Meta this way. I assumed that since Zuck has the “power shares” he can overrule anyone?
- Ianjit 1y agoThe pressure didn't come from investors. Investors expect Meta to increase capex by $30bn next year, a few engineers here or there is a rounding error in financial models.
- platevoltage 1y agoBut I've always dreamed about being laid off for low performance by Meta.
- habitue 1y agoThere has to be adverse selection here from the amount of money being offered right? Like ok, very few people could turn it down, but it's not going to result in a motivated team. I am imagining all these overpaid founders etc just sitting in a room like reality show contestants. Trying to make smalltalk, brainstorm jamming for months, not really producing much because... who cares, they have unbelievable money and this is the weirdest scenario ever.
- andsoitis 1y agoYou’re assuming they’re not ambitious, self-motivated, or curious.
- BoredPositron 1y agoUsually things that go away with lots of money and corporate structure. I bet a good part of those new hires will land on the roof sooner or later.
- smegger001 1y agoI would imagine there is some sort of incentive structure for the megamillions being offered by meta to these people not just throwing all of the money at them upfront. Payout structed around meeting measurable goals not just show up and collect fuck you money. Or maybe it is silcon valley redux and they will set on the roof with big head what do I know.
- qwertyuiop07 1y agowhy do you need hiring when you have ai?
- buyucu 1y agowithout paywall: https://archive.is/20250821033002/https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4 https://archive.is/20250821033002/https://www.wsj.com/tech/a...