5 ms·
The bubble narrative is coming from the outside. More likely is that the /acquisition/ of Scale has led to an abundance of talent that is being underutilised. I
by abxyz 1y ago
The bubble narrative is coming from the outside. More likely is that the /acquisition/ of Scale has led to an abundance of talent that is being underutilised. If you give managers the option to hire, they will. Freezing hiring while reorganising is a sane strategy regardless of how well you are or are not doing.
- prasadjoglekar 1y agoThis. TFA says this explicitly. Alexander Wang, the former Scale CEO is to approve any new hires. They're taking stock of internal staff + new acquisitions and how to rationalize before further steps. Now, I think AI investments are still a bubble, but that's not why FB is freezing hiring.
- apwell23 1y ago> They're taking stock of internal staff + new acquisitions and how to rationalize before further steps. Like a toddler collecting random toys in a pile and then deciding what to do with them.
- prasadjoglekar 1y agoPerhaps. But more like, there's a new boss who wants to understand the biz before doing any action. I've done this personally at a much smaller scale of course.
- ml-anon 1y ago"abundance of talent" is not something I'd ascribe to Scale.
- torginus 1y agoYeah, Scale was Amazon's Mechanical Turk for the AI era.
- JKCalhoun 1y agoBetter strategy of course is to quietly freeze hiring. Perhaps that is not an option for a publicly traded company though.
- dylan604 1y agoYou could just keep having interviews yet never actually hire anyone based on the talent pool is wide but shallow. It results in the same as a freeze, but without the negative connotation to the company while shifting it to the workforce
- yifanl 1y agoThe bubble narrative has been ongoing for a while, but as I understand it, the extremely disappointing response to GPT-5 has spilled things over.