Meta (Facebook) attrition due to recent events

New
Adobe.

New

Adobe.
Feb 17 31 Comments

Are engineers at Facebook quitting these days or no not really nothing is changing?

And on the company side are there layoffs on their way?

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TOP 31 Comments
  • Amazon
    gotused2it

    Go to company page Amazon

    gotused2it
    If they had ethics, they wouldn’t have joined Meta.
    Feb 17 15
    • Meta
      🏴‍☠️

      Go to company page Meta

      🏴‍☠️
      Don’t sell me Amazon, what yVBi15 is also very true. Amazon takes forever to send books to these « remote » location, a family bookstore can also do that.
      Feb 17
    • Square
      xLkU56

      Go to company page Square

      xLkU56
      I have to backup amazon here, at least their stuff are useful, either we all buy things from Amazon, there's kindle, amazon got AWS, etc. Useful.

      What stuff FB had is useful? I used to like instagram, and after being bought, it's all not-genuine and full of ads on there now. Not to mention Facebook, who uses that today? grandmas, and they were politically manipulated on that platform.
      Apr 26
  • Amazon
    carwasher

    Go to company page Amazon

    carwasher
    That’s a stupid thing to say regardless of where you work. Only ethic you should have is to yourself and to your family. It’s just a job that pays the bills at the end of the day.
    Feb 17 3
  • Meta / Eng
    hYwA14

    Go to company page Meta Eng

    hYwA14
    In any scenario, it is too early to make any conclusions. We've just got out quarterly stocks (two days ago) and we are getting bonus for the second half of 2021 in like three or four weeks.
    If anybody plans to jump the ship - it will happen after the bonus, not before. Hence, let's see what happens in March/April.
    Feb 17 4
    • New
      Adobe.

      New

      Adobe.
      OP
      This is helpful @Meta thank you.
      And would you elaborate abit on roughly how much or what percentage of the annual the RSU is allocated to refreshers, so for example if someone makes generally 150k in RSU /yr how much refreshers $ would they be given additional per year (just a rough idea)?
      Feb 17
    • Meta / Eng
      hYwA14

      Go to company page Meta Eng

      hYwA14
      Sure. Annual RSUs are normally around 1/4 of the initial RSU grant (calculated by the amount of money, not number of shares). So, for example, if somebody got $400K RSU grant when they joined, their refresher would be around $100K, vested in 4 years as well. It might be a bit more, depending on their performance, but not significantly. The rough estimation world be like that.
      And that creates a notorious "cliff" situation. Not only in Meta, but in many companies that give initial RSU grants. On the first year you get, let's say, $100K RSU. The second year it is $125K because of your first refresher grant. Third year $150K, the fourth year it is $175K. And on the fifth year and all further years you get $100K again. The exact numbers might be slightly different, but the situation is that your RSU grant on 4th year is almost two times bigger than on your 5th year and the total compensation on your 4th year is around 25% higher than on the 5th year, assuming that RSUs make a half of the total compensation.
      Feb 18
  • One of the reasons the stock got crushed is cuz they are hiring like crazy. Expenses going up by 40-50%. Stock market doesnt like investment yrs.
    Feb 17 0
  • Meta
    metamate

    Go to company page Meta

    metamate
    Too many corporate simps doing mental gymnastics to justify making 25% less than they were last year
    Feb 17 0