Meta 1st Layoff Poll (more layoffs next quarter)
Apparently majority of those laid off were recruiters, followed by early in the career (fresh or few years out of college), followed by those hired recently (12 to 24 months)… and others to make it look like across the board. This suggests another major layoff next quarter, given this one resulted in a major short-term stock price bump. $meta should find it’s bottom around $40-$50.
I know a couple of people that were 8+ years at Meta, but naturally more people impacted were new hires.
I’m assuming that if you meet the criteria for the 15+ years at Meta option, you are either Zuck or a co-founder?
Some engineers who joined Facebook from MSFT are still at Facebook… 15+ years and counting. Life is short kid, 15 years isn’t that much… these lifer guys and gals weren’t impacted for they know where bodies are buried.
The point being that since Meta has only been around 18 years, that is leaving a very narrow window for someone to have met the criteria for. I would imagine that +90% of people who joined by 2007 have vested and moved on by now. Sure some will still be there, but seems like an irrelevant cohort to ask about.
Should have been option for those who weren't kicked...just to see votes
Add an option for rescinded offers
VP and D were layoffs too.
I worked at Meta. I noticed many of the people on my old team that were kept were buddy buddy with the manager and many of the people let go were low performers
When more than half the company was hired in the last two years, they will show up more in fired count
Because they are less experienced so less valuable and also would need less severance. This always happens during layoffs
These are strange options
Layoffs were broad across roles, tenure, seniority.
Your poll has flawed methodology. There are fewer people with long tenures to begin with, and they are not proportionally represented on Blind which skews younger. As a data point my teammate who’s been with Meta for 12 years got laid off.