I keep reading rumors online taht Zuck is going to step down next year. Is that really the case?

https://www.bbc.com/news/world-asia-india-63658535

https://books.google.com/books/about/Beasts_of_the_Field.html?id=DxOHu1EP36cC

across California... https://www.highereducationinquirer.org/2022/11/university-of-california-academic.html

but many will be joining the "educated underclass" in the real world. https://www.highereducationinquirer.org/2020/10/the-college-dream-is-over-gary-roth.html https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html — read more 

It's going to get worse. Way, WAY worse. You thought the last 30 days was ugly, well strap in! https://seekingalpha.com/article/4556368-2023-meta-could-see-another-70-percent-downside

https://www.cnbc.com/2022/11/17/meta-disciplined-or-fired-employees-for-taking-over-user-accounts-wsj.html I am surprised this company is not investigated by federal regulators.

Take the bait! https://www.highereddive.com/news/Northwestern-Kellogg-School-MBA-Tech-Workforce-Layoffs/636657/ https://www.highereducationinquirer.org/2019/10/college-meltdown-expands-to-elite.html

Wall Street is not rewarding META that much ($113 per share only??). As more layoff details are known, it looks like the staff cutting was more "peripheral" than strategic. How many of the 11k that were let go were related Metaverse or Infra (Data... — read more 

As mass layoffs ravage the tech industry, Meta (the parent company of Facebook) has cut staff in its Open Arts program, a relatively small team that commissions installations for its office buildings across the world as well as art for its digital... — read more 

The term FAANG should be modified after this massive layoff at FB. I am proposing removing the "F" and rearrange the term to become the "NAAG" companies. What are your thoughts?

I got an offer from a much smaller company and now I'm in a dilemma. On the one hand, I think that small company might be a liberating place to work, but on the other hand, I don't know how good a career decision it is. Anyone else having the same... — read more 

https://www.facebook.com/500182857/posts/pfbid0EBr64p4jQkH8dL8GiYYACtHdGVoxNRp5NNi4MXmT9AAnr2GYNBksx7iABXWU86yRl/?sfnsn=mo

Despite Big Layoffs, Tech Workers Are Still in Demand https://www.wired.com/story/despite-big-layoffs-meta-twitter-stripe-tech-workers-are-still-in-demand/

Curious to know - Has Z been informed politely (at least at the beginning) of his fiduciary obligations to Meta's shareholders? Class B shares won't protect him from shareholders actions to get their worth back. Wait and see.

Opex & Capex Cuts ---> Less assets investments ---> More layoffs ---> "Keepers" low morale & burn ----> Less impactful work ---> Priorities revisiting ---> Metaverse light ---> Stock plummets ---> New CEO & Board

With Billions of dollars evaporated, Metaboy has been forced to mature overnight and evaluate many options to get some (not all) of his lost equity back. If he and his team can't figure how to build a pair or freaking legs in an Avatar, how much... — read more 

I feel sorry for everyone who is affected. Unfortunately, I think the cuts were inevitable because profitability has fallen to a two-year low. I am interested in your opinion, will the company be able to return soon to being as profitable as it was... — read more 

I took this layoff very hard, although some of my colleagues say that they actually secretly wished to get paid to leave.

Why some think h1bs should let go first?

I though it was going to be some sorts of big quite reduction. However he jumped out and took the blames with such a humble announcement.

The worst of all hangovers. One day you wake up and realize that on top of the time you put to work, those precious minutes you devoted for all of those likes, valentines and hugs in Workplace are not there to protect you. Brown nosing to celebrate... — read more 

I was thinking of buying product here, but if they got cancelled I would like to know.

The company rapidly hired people across all departments during the pandemic. Now I wonder whether it would've been better if the company was perhaps a little understaffed, rather than going through a hiring bo-m and risking such large cuts?

https://www.ft.com/content/c73e861f-0d98-4b34-b5b7-25f7bc2e5d2b Jim Tierney, chief investment officer for US growth at AllianceBernstein, a Meta shareholder, said it was “definitely a step in the right direction”. But he questioned why the... — read more 

Unfortunately this is just the beginning for layoffs. Investors care for returns and they are just not there...so Mr. Z has to show a relentless expense and capital stewardship to try to get their confidence back. Until then, wall street will not... — read more 

The problem is that the best engineers are not necessarily working on some useful project. Also, I know a few who are just punching their time cards making $600k a year doing almost nothing. They too know it and admit it. They should have moved on to... — read more 

While I'm willing to admit that layoffs were necessary and the whole process was handled decently, I still think some of the wrong people were cut. A couple of engineers I know who were laid off were among our best. This makes me think that the... — read more 

Facebook still has 76,000 employees after these layoffs. Just something to think about.

Is it guaranteed meta will give raise to match inflation level this year?

How was your severance package? I was with Meta for 2 years and just got 16 weeks severance. It’s so unfair.

I started my dev career in 2007, I already knew what it meant to be humbled real quick. I kept telling all these young tech folks to save and don’t live style inflate, what do they do? Flex their inflated TC, buy luxury cars out of college... — read more 

https://streamable.com/9i7cox

I used to feel quite safe here, but I think that in the future everyone's job here will be more and more uncertain. I wish I wasn't right. However, it would not surprise me if, immediately after these big cuts, the remaining employees faced new... — read more 

Ran the company in the toilet!

Which makes sense, to be honest. I feel for them, though. Finding a new job won't be easy.

did security teams take a hit?

Any gaming studio can do leaps and bounds better than metaverse. Literally, ANY.