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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by msbarnett on Friday July 01, 2022 @01:55PM (#31950152)
Yeah, "we hired people we shouldn't have so now we're going to make it increasingly unpleasant to work here" doesn't work.

First-hand, what I've seen happen is that your most talented people, who are the most in demand, leave the organization quite quickly because they correctly realize they don't have to put up with this bullshit. It's the coasters who fear they'll never land an equally cushy job who attempt to ride out the heat as long as they can.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by joshstrange on Friday July 01, 2022 @01:58PM (#31950212)
It's absolute insanity that they don't see that the best talent can and will walk out the door if this happens. Even if the top performers are insulated from the "heat" there are a non-zero number of them that this won't sit right with and/or they are affected and they leave.

Any company who uses this kind of shadow-layoff or whatever you want to call it is scum, plain and simple. I mean that's no surprise for Meta or maybe even Tesla but as I see other companies employee this "tactic" I just add them to my list of "places I'd never consider working". Such short-sighted thinking.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by sbf501 on Friday July 01, 2022 @02:13PM (#31950449)
> It's absolute insanity that they don't see that the best talent can and will walk out the door if this happens. E

When your 51% CEO has so little life experience, what did you expect? There's a reason why - IN GENERAL - the best CEOs are older than 55.

Zuck got lucky with FB and made billions selling personal data and retained 51% control. Did we really think he was actually GOOD at anything?

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by joshstrange on Friday July 01, 2022 @02:20PM (#31950556)
> Did we really think he was actually GOOD at anything?

Lol, absolutely not. He got lucky, stole someone else's idea, and had a massive safety net to fall back on. I'm not saying he has zero skills but managing to hold onto 51% of the company does not make you a good CEO (as you stated).

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by edmundsauto on Saturday July 02, 2022 @01:30PM (#31960833)
So are you saying that the idea is what mattered, and not execution? How come other people with the exact same idea didn’t make it, given they had the head start?
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by aeturnum on Friday July 01, 2022 @02:09PM (#31950377)
It's also...if they have the ability to recognize and protect their high performers - why "turn up the heat" in general? You've already identified who isn't performing.

Conversely, if you can't avoid harassing your highest performers - those seem like the people who will leave first, while the people who are under-performing will dig in to avoid risking the job market.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by foepys on Friday July 01, 2022 @02:15PM (#31950481)
> Even if the top performers are insulated from the "heat" there are a non-zero number of them that this won't sit right with and/or they are affected and they leave.

I have seen instances where the "underperformers" were the people that made the workplace/team pleasant to be in. Once they were let go, some overperfomers quit not much later.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by DisjointedHunt on Friday July 01, 2022 @02:05PM (#31950319)
AWS is another. The gripe i have with them is they do it during the good times as well. I've seen some pretty horrible effects on perfectly good devs who were subject to what i'm only going to characterize as mental torture during their time there.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by colonelpopcorn on Friday July 01, 2022 @02:19PM (#31950546)
This in regards to their warehouse workforce, but relevant to devs as well: https://www.theguardian.com/technology/2022/jun/22/amazon-wo...
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by BeFlatXIII on Friday July 01, 2022 @04:19PM (#31952228)
> Even if the top performers are insulated from the "heat" there are a non-zero number of them that this won't sit right with and/or they are affected and they leave.

Or some of the low (but not negative) productivity teammates get pushed out and the top performer follows them because keeping them around was good for morale for reasons unrelated to their actual job descriptions (or their individual metrics were rubbish but they also were valued assistants who unlocked the top guy to work at full speed).

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by PragmaticPulp on Friday July 01, 2022 @02:05PM (#31950323)
> It's absolute insanity that they don't see that the best talent can and will walk out the door if this happens.

On the contrary, the best talent is probably already performing to these higher expectations and won't be impacted. Their peers who weren't keeping up are the ones who will be impacted.

Holding employees accountable for high performance standards is generally welcomed by high performers.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by AlexandrB on Friday July 01, 2022 @02:11PM (#31950420)
If my CEO said:

> “Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said during the meeting, according to Reuters.

I'd probably start looking for another job. It's one thing to fire poor performers, it's another to make vague allusions to "people who shouldn't be here". If they shouldn't be there, fire them. Otherwise, this just sounds like management has no clue.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by PragmaticPulp on Friday July 01, 2022 @02:16PM (#31950496)
> If they shouldn't be there, fire them.

No, you set clear performance expectations, give them feedback, and then hold them accountable if they don't meet those performance expectations. Which seems to be what Meta is doing here.

I honestly can't believe so many people in this thread would prefer that Meta just slash and burn employees instead of giving them expectations and a chance to meet them.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by juve1996 on Friday July 01, 2022 @05:22PM (#31953129)
> I honestly can't believe so many people in this thread would prefer that Meta just slash and burn employees instead of giving them expectations and a chance to meet them.

I honestly can't believe you'd trust this kind of management to give fair expectations.

Let's be honest. They know who they're going to get rid of. Now they just have to create the pre-text.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by monkey_monkey on Friday July 01, 2022 @02:20PM (#31950552)
I'm surprised you actually believe that a company that has incompetently hired thousands of excess people will suddenly have an amazing process for setting performance expectations and holding people accountable.

Some people might just think those are weasel words to cover an impending large-scale RIF.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by AlexandrB on Friday July 01, 2022 @02:28PM (#31950692)
Are you suggesting that Facebook has no performance evaluation process for the employees at all right now? If they do, it seems like you could look at those evaluations and make some decisions immediately. If they don't, then fair enough, implement that. What's the purpose of "turning up the heat" to try to get people to quit? And, as others have mentioned, those who quit first if you make their lives harder will be the ones that have other options (usually the high performers).
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by DragonStrength on Friday July 01, 2022 @02:17PM (#31950510)
Yep, I don't want to work in a fear-based management structure. Sorry for those who don't have better options, but I'm walking when I hear stuff like this.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by vkou on Friday July 01, 2022 @02:16PM (#31950508)
Everyone knows that there are poor performers in any organization, but nobody knows for sure who many of them are.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by SQueeeeeL on Friday July 01, 2022 @02:09PM (#31950383)
Lol, anyone who's really a high performer knows that being metriced is terrible. Having to constantly be cranking out LoC because some middle manager doesn't actually understand the process of actually making software is infuriating. And even if they are doing well now, no one wants to feel that dark gnawing instability that comes from knowing the people on your team you grow to know and trust are constantly on the chopping block.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by joshstrange on Friday July 01, 2022 @02:15PM (#31950477)
Exactly.

At a previous job the management team got all excited about KPIs and made each dept come up ~5 of them and then report on them weekly (or maybe it was monthly). I fought it tooth and nail arguing that it was both silly that we were coming up with them and how easily it would be gamed. My concerns fell of deaf ears and instead we wasted upwards of 4-6 person-weeks of time building tools to extract data from Jira to serve as our KPIs. We wrote the damn code to calculate it, of course we know how to juice the numbers. It was a huge waste of time, nothing interesting came out of it (for us or any department), and "management" patted themselves on the back for "taking action".

I'm not say all metrics suck and are a waste of time but you better have a very good reason for them before you go all-in.

A friend of mine's company started requiring all their developers to track their time, down to the 15min interval. I'd be looking for a new job within a week. Don't even get me started on how asking your employees to track their time is essentially asking them to lie which means the stats you get are worthless, worse than worthless because time tracking takes time on it's own to do.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by sbf501 on Friday July 01, 2022 @02:15PM (#31950479)
Really high performance MANAGERS understand you can't succeed at scale without indicators. You seem to come from the naive viewpoint that solo devs rule the world and run open-loop like some imaginary hotshot. That couldn't be more wrong.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by jfim on Friday July 01, 2022 @02:29PM (#31950709)
This really depends on the definition of success. If success is just execution without needing to be too novel, metrics work.

Coming up with a new idea, researching its feasibility, and executing on it isn't really doable with rigidly monitored metrics, because a lot of the productive work on novel things looks like thinking about things and trying things that don't work out.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by SQueeeeeL on Friday July 01, 2022 @02:23PM (#31950597)
Anyone who isn't directly contributing to a product can't be high performing. Maybe they can be supportive of high performing individuals, but usually that just entails keeping upper management out of the way.

As a field we have yet to find good metrics for coding performance, anyone who tells you otherwise just wants to have an excuse to fire you when they suddenly decide that you no longer serve their purposes, even if those purposes is just to have a cool social club that validates their fragile ego.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by joshstrange on Friday July 01, 2022 @02:27PM (#31950674)
I couldn't agree more, especially about the lack of good metrics for coding performance. I feel like more often than not metrics or even new "policies" are put into place just to provide cover for firing people. So they can "backsolve" or use "parallel construction" to justify the firing.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by sbf501 on Friday July 01, 2022 @06:42PM (#31953946)
> Anyone who isn't directly contributing to a product can't be high performing.

Are you implying managers don't directly contribute to a product? Because wow, you're really either horribly naive or wildly narcissistic. As a someone who managed programmers for almost 20 years, only a fraction were hands-off. Why do you think all the 10x engineers become managers? A high performing manager hits targets, ships products, and makes customers happy. If you think a hot shot programmer on a team can do this all by themselves, I don't know what to tell you. You'll have to learn the hard way.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by joshstrange on Friday July 01, 2022 @02:10PM (#31950396)
I guess it really comes down to what specifically "turning up the heat" means. It sounds like a hell of KPIs and other stupid metrics that waste everyone's time so that a manager can boil a person down to a number instead of doing their job and making hard calls.

I've been a high (if not the highest) performer at companies I've worked at (albeit much smaller companies Meta), if they suddenly want me to log my hours, do a bunch of metric-related BS, or grade me on KPIs that have no basis in reality then I'm leaving.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by CaptainZapp on Saturday July 02, 2022 @03:30PM (#31961634)
> I guess it really comes down to what specifically "turning up the heat" means.

To me it means: "Nice job you have here, would be a shame if something happens to it!"

I had senior level managers communicating along those lines and squandered my respect in about 3 seconds.

Not that it really matters, but still.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by littlestymaar on Friday July 01, 2022 @02:27PM (#31950673)
> Holding employees accountable for high performance standards is generally welcomed by high performers.

While this is true (working in a company that doesn't value high performers over slackers is infuriating for the former), it's really unlikely that you'll be able to change your company's culture in the right direction at will (if rewarding high performers and kicking the butt of low performers was that easy why weren't you doing so all along ?!), so what's usually happening is:

- the management starts monitoring some KPI some consulting firm told them to monitor

- they start annoy everyone in the company based on these BS arbitry “holly metrics”, which are indeed poor performance indicators and are easily gameable

- top performers will be pissed off and leave

- low performers will do all they can to maximize their metrics instead of doing actual work, reducing their productivity even more

- congrats you've destroyed your company's talent pool and have now turned Meta into IBM. Too bad you don't even have a sales department on par with IBM's, so you'll probably end up like AOL or Yahoo!

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by bayindirh on Friday July 01, 2022 @02:23PM (#31950600)
There's evidence that best talent works best when there's slack and when they crash, they crash hard.

For example, I have an optimal load which I can work almost indefinitely and performing very well (in my own scale), when the load shots up, I lock up.

This is why I'm automating as much as I can, so I can keep in that optimal zone which I perform really well.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by colonelpopcorn on Friday July 01, 2022 @02:18PM (#31950535)
Unless the baseline is where the high performers are performing at right now.

It's a win-win for companies to hold employees to high standards. Either they sacrifice health, family, relationships, hobbies, etc. to meet unsustainable demands or they "self-select" and the company no longer has to pay their salary, healthcare, benefits, etc. In the economic climate we're living in, it just makes economic sense to squeeze as much productivity as possible out of your workers. This includes pushing already high performing workers to do more than they already are.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by JohnBooty on Friday July 01, 2022 @02:19PM (#31950544)
This assumes that you have solved the decades-old problem of measuring knowledge worker productivity in some sort of concise and accurate way.

What's your solution here for engineers? Counting the lines of code they write?

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by datalopers on Friday July 01, 2022 @02:26PM (#31950659)
> It's absolute insanity that they don't see that the best talent can and will walk out the door if this happens

Or maybe the best talent is sick of these overpaid rest-and-vest lackeys and more than happy to see them get the axe.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by tsimionescu on Friday July 01, 2022 @03:06PM (#31951192)
Why would you think that the people who managed to navigate office politics enough to avoid being fired so far are the ones who will get fired now?
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by datalopers on Friday July 01, 2022 @06:09PM (#31953661)
For sure they may not, but this announcement implies they're aggressively looking for people to terminate
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by PragmaticPulp on Friday July 01, 2022 @02:03PM (#31950305)
> Yeah, "we hired people we shouldn't have so now we're going to make it increasingly unpleasant to work here" doesn't work.

But that's not what Meta is saying. The goal isn't just to make it miserable. The goal is to raise the expectations and hold people accountable throughout the company.

The exact quote "Realistically, there are probably a bunch of people at the company who shouldn’t be here" is hard to argue with. Every company that went on a hiring spree during the last bull run has collected some percentage of people who aren't performing or aren't qualified. Raising expectations and holding people accountable is a reasonable approach, IMO. Much better than just firing people.

Give people a chance to meet very clear expectations and fair warning when they're not. Remove people who can't or won't catch up.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by msbarnett on Friday July 01, 2022 @02:10PM (#31950405)
Like I said, I've been through this first hand.

I was exceeding expectations, and given a big promotion in the middle of it. But people I worked with and interacted with every day were feeling extremely stressed and worried about their ability to meet the new bar. Now, in many cases, they didn't need to be worried, but it's natural to question these things in an environment where you're seeing people get PIP'd and unceremoniously shitcanned regularly.

Morale was through the floor, it was an absolutely miserable environment to work in – even though I was personally doing quite well. So I said "fuck this" and was the first person out the door on my team. The second highest performer quit a week later.

The least technically capable person on the team was there for another year.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by the_biot on Friday July 01, 2022 @02:33PM (#31950762)
Frankly I think that's a naive take. I suspect in reality it'll come down to managers being told to cut some percentage of staff, and in many cases that'll come down to everybody feeling the pressure of swords hanging over their necks.

That is not a formula for the "worst performers" leaving or getting fired, it's more like a formula for chaos, nasty office politics, and people leaving just because they don't need that shit in their life.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by II2II on Friday July 01, 2022 @02:25PM (#31950632)
The problem isn't what they are saying, it is how it is implemented and how it is read. Then there is the issue of how it affects company culture. The tech industry seems to view culture as the type of people they want to work with. That is not the whole picture. If having a job with the company (or receiving promotions) becomes some sort of survivalist game, there will be people who employ survivalist tactics to protect themselves and those close to them. The goal may not involve making people miserable, yet the outcome will be.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by KaiserPro on Friday July 01, 2022 @02:31PM (#31950734)
> Give people a chance to meet very clear expectations

"Impact" is not a clear expectation. its not really that actionable either.

The biggest problem with Meta is that there is no real pedigree for making new products. Everything successful has been bought in.

I'm still not sure why Meta decided to double the number of employees, there was no clear goal, and it appears that teams were making up bullshit metrics to prove that they needed more staff.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by disgruntledphd2 on Friday July 01, 2022 @03:09PM (#31951237)
Yeah, I thought 35k (when I left) was too much. 70k definitely feels insane.

One of the great things about FB before that was that it was small and had ambitious goals, so you'd tend to work on important stuff, as would everyone else.

But they kept making more money and hiring more people, and the culture got murdered (again) due to external senior management hiring.

And the last four to five years have hollowed out the original core of competent execs. Their replacements are less good, which cascades downhill and causes more problems.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by Veuxdo on Friday July 01, 2022 @02:11PM (#31950415)
> very clear expectations

Unfortunately, this is beyond most companies when it comes to software developers.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by 28304283409234 on Friday July 01, 2022 @02:46PM (#31950938)
This is just a factory owner telling the workers the expected output increased by 20%. Nothing more. This thinking belongs in 1872.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by thesuitonym on Friday July 01, 2022 @02:15PM (#31950471)
The problem is that the "very clear expectations" end up being lines of code written, tickets closed, bugs fixed, or whatever, then your employees optimize for that, rather than doing what is right.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by Jasper_ on Friday July 01, 2022 @02:09PM (#31950381)
the people that shouldn't be there are the ones that approved the hiring spree
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by JJMcJ on Friday July 01, 2022 @02:26PM (#31950658)
This also happened when more paternalistic companies in the 80s would offer buyouts of one kind or another.

The better employees, feeling more certain they could find another job, were often the ones who left.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by bilsbie on Friday July 01, 2022 @02:02PM (#31950282)
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by smegsicle on Friday July 01, 2022 @02:25PM (#31950629)
or the 'dead sea effect'- as in talent evaporates, leaving only the salty underperforming solute
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by blantonl on Friday July 01, 2022 @02:09PM (#31950372)
And I've seen first-hand where the most talented people aren't having the heat turned up on them, they know they are good, they still get it good, and they will continue to do so.

Even the most talented people can be locked into positions with compensation packages that will severely handcuff them to staying put. And if we really are in one of the most severe downturns we've ever seen, those talented people will very quickly realize they have it really good

There are zillions of HR strategies for retaining the baller employees, while trimming the ones that aren't baller when things get lean. To many who have managed teams of people, products, etc, they look like standard HR stuff, to others, they look inhuman terrible practices. Sorry.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by mberning on Friday July 01, 2022 @02:04PM (#31950314)
Absolutely. I worked at GE for 5 years and their reluctance to performance manage individual contributors was just insane. They will do anything to cut people in ways that are not performance related. VJRP. SERO. Contractor reductions. Site eliminations. And then finally the blanket RIF. I never saw anybody get fired for poor performance, and many of them should have been. And they also make it hell on people leaders to put people on PIPs. If you take over a team and 50% of them are slackers you can not put all of them on PIPs. HR will start looking at you as a people leader. “Why can’t you motivate and inspire these people?” It was insane really. I actually loved working there, but the bureaucratic BS was crazy.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by siva7 on Friday July 01, 2022 @02:10PM (#31950395)
Well, why can’t you motivate and inspire these people? Nothing insane about this question
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by mberning on Friday July 01, 2022 @07:16PM (#31954281)
It’s not a bad or unreasonable question, but it is completely ignorant and pollyannish. These are the same HR professionals that let managers submit high or acceptable marks for all employees every year and then wonder why a large number of teams underperform. Inside large orgs you will regularly encounter people that have insanely high titles and their only appreciable skill is being able to survive inside the bureaucracy like a cockroach after successive nuclear blasts. You will encounter senior and staff enterprise software engineers that have never written a line of code and have zero commits ever.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by gitfan86 on Friday July 01, 2022 @02:41PM (#31950884)
Similarly, I was at a startup and revenue growth had stopped. They decided to blame the dev team for not making features fast enough. I don't know what happened between that time and two years later when they shutdown, but I'm sure it was terrible.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by zac23or on Friday July 01, 2022 @03:46PM (#31951764)
> First-hand, what I've seen happen is that your most talented people, who are the most in demand, leave the organization quite quickly

True. The first time I came across this effect was reading the book about the IBM disaster: Big Blues https://www.amazon.com/Big-Blues-Unmaking-Paul-Carroll/dp/05...

After twenty years working in the field, my conclusion on this is: the good worker for the people in power is irrelevant. They want to get rid of anyone and that's it.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by thsijustin on Friday July 01, 2022 @02:31PM (#31950728)
These events impact the broader economy by having too many people idle aimlessly rather than end up productive elsewhere.

Now they get to lose even more time being productive finding gigs.

Brenden Gregg leaves Netflix, weeks later its stock and reputation tank. They don’t think we know, but we do. There’s no reason to put our faith is people who are clearly more of the same rich grifters being propped up by collective belief. Believe something else.

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by dang on Friday July 01, 2022 @02:39PM (#31950847)
We detached this subthread from https://news.ycombinator.com/item?id=31950015 - it stands on its own and I'm trying to make the thread less top heavy.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by blakesley on Friday July 01, 2022 @02:37PM (#31950821)
100%! My company ineptly stumbled into a scenario like this, so to speak, and the result was as you described. After witnessing how that played out, I would expect a similar outcome in other scenarios.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by FooBarBizBazz on Friday July 01, 2022 @02:22PM (#31950589)
There is one other reason people will stay, and that's vesting schedules. But if the share price is tanking then that reason goes away.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by api on Friday July 01, 2022 @02:22PM (#31950581)
You'll lose the best people that way, not the dead wood.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by frays on Friday July 01, 2022 @09:03PM (#31954983)
Thanks for this insight. I wouldn't have thought of it this way.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by throwaway5371 on Friday July 01, 2022 @02:32PM (#31950749)
and go where? most people are there for the money, pretty much only roblox, gambling, crypto and few others pay similar to fb or above, and its unlikely its much nicer there
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by msbarnett on Friday July 01, 2022 @02:55PM (#31951053)
Share price has tanked anyway, compensation at FB is less competitive than it used to be.

IME your top performers are generally less compensation motivated than "interesting problem and interesting environment" motivated. Many companies will bend over backwards to give a top performer from a FAANG as much autonomy and interesting work as they want, for compensation differences that aren't that major anymore.