Posted by Vaslo 18 hours ago
I survived all three rounds of layoffs, but I saw multiple great colleagues (some of them had been there for 10+ years), getting laid off. After so many re-orgs, I had enough and quit. It was just not worth it (all that uncertainity, people were unhappy, hunger games into trying to get a good rating, etc).
I think Zuck is taking its "Meta" failure (VR) into his own employees. After their treatment, many good people don't want to join Meta anymore, hence he had to spend so much money into buying engineers to join.
I think it is the start of a downwards spiral.
I mean I get it, Meta is evil, inefficient etc, but this layoff round seems pretty predictable.
Basically, if you are L5 or above and can survive 4 years at Meta, you’re guaranteed to be a millionaire by the end of it. Go to levels.fyi and do the math yourself.
Sadly, they are never the ones to be sacked.
It would really be poetic justice if some former employees of established companies went for the jugular of massive SaaS incumbents.
I've been seeing this in the startup ive been for the past year. We are 20 people, and are solving fiscal reconciliation problems for HUGE companies in my country. Building thing that were just not scalable before.
I'm waiting for all the cool startups in both b2b and b2c that solve health, time spending or money problems.
whilst they get efficiencies and may improve margins, the long term damage of culture and having 'yes men' will damage their business far more than a few quarters of tighter growth and margins.