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Re:Meta to Layoff 10k Employees by onlyrealcuzzo on Tuesday March 14, 2023 @10:23AM (#35152002)
> This will be great for morale and will likely only cause your A players (who are probably still very much in demand) to look elsewhere.

I imagine the vast majority of their ultra top-tier talent has left already unless Meta gave them gigantic bonuses.

The stock is down ~40% from where a lot of their RSUs were granted - more than 50% of their pay comes from those grants.

They've had a year of time to go somewhere else and make way more money - most of them probably took that unless Meta gave them a gigantic bonus to keep them whole.

Re:Meta to Layoff 10k Employees by DeathArrow on Tuesday March 14, 2023 @10:32AM (#35152148)
>They've had a year of time to go somewhere else and make way more money - most of them probably took that unless Meta gave them a gigantic bonus to keep them whole.

But other FAANGS are not hiring. So where it's somewhere unless they planned to start their own businesses?

Re:Meta to Layoff 10k Employees by kanyethegreat on Tuesday March 14, 2023 @11:24AM (#35152999)
Not sure why you’re getting downvoted. I’m also curious where these people are going to earn massive comp.
Re:Meta to Layoff 10k Employees by jasonladuke0311 on Tuesday March 14, 2023 @12:01PM (#35153686)
> But other FAANGS are not hiring.

They are if you’re talented enough.

Re:Meta to Layoff 10k Employees by johntiger1 on Tuesday March 14, 2023 @12:50PM (#35154445)
This is a toxic mentality; getting hired at FAANG has very little to do with your "talent"
Re:Meta to Layoff 10k Employees by onlyrealcuzzo on Tuesday March 14, 2023 @01:00PM (#35154604)
Talent is obviously subjective.

If you define talent as the criteria by which FAANG selects from a pool of employees - then you're by definition correct.

If you don't - then you disagree.

If FAANG is paying top dollar and selecting for trash - you have to wonder why, though.

Re:Meta to Layoff 10k Employees by tick_tock_tick on Tuesday March 14, 2023 @03:07PM (#35156855)
I can't think of a more toxic mentality then thinking it doesn't. In what way do you think talent doesn't play a huge role?
Re:Meta to Layoff 10k Employees by checkcircuits on Tuesday March 14, 2023 @04:16PM (#35157767)
The odd, perhaps not entirely coincidental, relationship between ivy league pedigree and job at FAANG. While there's a correlation between talent and ivy league the relationship is often tenuous. In my experience the difference between a new grad from MIT and a new grad from state school is almost zero in the professional world. Yet, one of these people have a fast pass to FAANG. This is not unusual. Look at Finance. However, to assert that "talent" plays a bigger role than pedigree is simply a falsehood refuted by the evidence.
Re:Meta to Layoff 10k Employees by tick_tock_tick on Tuesday March 14, 2023 @05:06PM (#35158615)
I mean yes a lot of sub par metrics and proxies are used because people get really up in arms about using IQ tests; the best indicator Google ever found.

> Yet, one of these people have a fast pass to FAANG.

Citation? I haven't seen anything like that in the industry at all.

Re:Meta to Layoff 10k Employees by umanwizard on Tuesday March 14, 2023 @06:34PM (#35160083)
> ivy league pedigree and job at FAANG

I worked at FB and Amazon for six years total and the vast majority of my fellow engineers were from random mediocre schools (including myself, from the U. of Arizona).

Re:Meta to Layoff 10k Employees by datavirtue on Tuesday March 14, 2023 @04:44PM (#35158222)
I'm talented at sucking up and playing politics like a harp. Like a freaking genius at it, seriously. Is that what you meant?
Re:Meta to Layoff 10k Employees by ben7799 on Tuesday March 14, 2023 @10:31AM (#35152137)
This is a huge factor! In my experience having a whole bunch of stock can be a really powerful anchor to keep you in place at your job even if you're not 100% happy.

If the stock tanks that vaporizes really quickly.