menloshark
Joined 1 year ago
Joined 1 year ago
It's entirely self inflicted. A bunch of the headcount is thrown at exploratory initiatives which aren't necessary for keeping the lights on. The leadership has done an incredibly bad job at diversification (compared to Google for example). If the Metaverse was successful and revenue generating, the "true" headcount of non-bullshit jobs would be larger for example.
Also the company is publicly traded, Twitter is a private company. The stock is priced at a current forward multiple which expects future growth. If the ads growth story stops happening (and they're not diversifying in other lanes, which it seems like they're incapable of doing), the stock is going to take a hit. "Keeping the lights on" is not going to pan out well in this case.
Also if you fire 60%, how do you (the hypothetical CEO) identify who to fire if every manager at every level of the chain is incentivized to lie to you and overstate the significance of what they're doing? There is no precision here.
It's bizarre because there's this culture of really brazen leadership, but everyone is constantly criticizing them and laugh emoji reacting to their posts. But I think it's quieted down a bit before half year perf cycle
Yeah this is true, but also if the company wants to make everyone suffer, they absolutely can. When companies have a bad reputation, people should believe it
Because they're being forced to works nights and weekends and don't have time
This is funny, Blind is even more negative on the general company sentiment than this place. People are saying the current morale right now is the worst it's ever been.
For example, a director wrote a post internally solely with AI, didn't review it at all, directly plagiarized a bunch of stuff that other people wrote, and left a bunch of typos like [[link]]. It was just a post about why we need to use more AI or some bullshit like that.
I had a direct manager who did shit way worse than this on a regular basis. Once people just learn to expect constant psycho head games and shit testing 24/7, the lost good will is not recoverable.
I think the weird thing with meta is that this type of weird bullshit is a company-wide phenomenon. Like them turning around and forcing 8k people to do data labeling work. A lot of the victims were super late in their careers and highly specialized. And the same guy who forced this thing on everyone (the CTO) has now turned around and publicly criticized MZ for messing up morale.
Funnily enough, my manager did a lot of the same thing, maliciously creating a problem and then trying to blame it on someone else. A lot of these little games trickle down. As a company, they tend to select for people like Elizabeth Holmes
It was a 10% cut but it hit SWE pretty hard, looking at partner teams it was around 15-20%. Another 10% were "drafted" to this bullshit data labeling org.
On partner teams, attrition seems to be 10-20% over the last couple months (in addition to prior layoff numbers), maybe higher. Will probably go up again after the next vest. Right now it seems like internal comms has shifted where they're begging people to not leave and saying how they will try to improve things.
There have been several reorgs recently. Doesn't seem like anyone knows what the fuck is happening. Teams are significantly smaller than what they were before and it seems like consolidation should be happening, but leadership is in this weird state of paralysis where they're just leaving shit in the current half-reorged state and not doing anything.
So tl;dr, right now it's the biggest dumpster fire I've ever seen in my life. Feels like I'm watching the Titanic sink
right now they're freaking out over attrition and making a bunch of posts internally about how they'll "do better"
it's less than two years, probably well below average. maybe it was more previously
The acronym is outdated. I don't really see a difference between FAANG or Nvidia/Stripe/Uber/etc in terms of brand recognition.
And also it depends on where you land org-wise. What you actually are working on is more important than the brand name
Then all of a sudden, the leadership says (out loud) that they're going to track your keystrokes to figure out how to automate your job, then fire you. Also, they're forcing 10% of the company to leave their current position (which they might be highly specialized in, PhDs even) to do data labeling grunt work so they can accomplish this. They're also laying off another 10% of the company, go figure.
First off, why would you (the hypothetical employee) want to do any good work for these people? It creates an outright antagonistic relationship between the company and its employees. The fact that they had the audacity to do all of this planning at a Hawaii offsite just rubs salt in the wound to be honest. It's like they read some McKinsey bullshit about AI and lost their fucking mind.