Meta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency

Meta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency(bloomberg.com)

23 points by sinemetu11 25 days ago | 8 comments

soon after humans are economically irrelevant (unemployable) they will be existentially irrelevant (dead)

a system that can allocate the atoms and energy better than all of mankind won’t exist eternally to coddle hairless apes

theonemind 24 days ago | |

You seem to have inverted the ontological primacy of the human race and the economy. Once allocating atoms and energy is a solved problem, the economy is dead. There's a quote, "it's easier to imagine the end of the world than the end of capitalism." The system exists to serve, it's not a rule of nature or handed down by god.

xvxvx 25 days ago |

The amount of bootlicking just in the interview process, and the long hours if you land a job there. Only to be part of a percentage.

bradlys 25 days ago |

It’s a generous severance but in this economy where most of big tech is actively downsizing, companies aren’t going public, cost of housing (or much of anything really) isn’t going down, and the only thing hiring are in-person 996 AI startups that don’t pay enough… It’s a bad time to be in tech.

It’s basically impossible to afford a normal middle class lifestyle (including owning a home, no super commutes, etc.) living in these tech centers (where the few jobs are) on single income.

stephen_cagle 24 days ago | |

https://www.levels.fyi/companies/meta/salaries/software-engi...

I fee like if you are an L4+ at Meta, you are doing fine even on a single salary. Let's say you loose 40% to state and federal and 20% to housing (renting), you still have 120k+ for the rest. This is plenty for most people in the world.

You are right that times are hard, but these are hardly trying times for people with this much compensation.

loeg 24 days ago | | |

40% to taxes is a very high estimate for L4-L5, even in places like California or NY.

tmp10423288442 24 days ago | | |

Still not great if you want a family, because daycare/private school are expensive, and housing in a good school district (to not have to pay for private school) are even more expensive.

bradlys 24 days ago | | |

Remind me how much a house costs in Menlo Park proper. Like I said, renting isn’t standard middle class experience for adults. Americans own their homes.