Meta scales back

Hopefully this is the beginning of the end for Facebook

You’re not wrong here, it’s a dodgy time for anyone in tech (me included), I fully expect piggybacking I was around for the bust in 2001/2002 and it wasn’t pretty thousands laid off, again me included and it happened fast, although layoffs had been happening in the states it wasn’t as interconnected as it is now, sure the company may have had an office in San Fran but you weren’t on teams meetings with people there, when people moved over you didn’t see them apart from the odd email.

Expect cutbacks hard and fast a lot of companies have repeated the same mistakes around products that don’t have viability long term, over hired and acquired other companies with technology that won’t integrate with the bigger companies stack.

there’ll be a rebalance some people will leave forever, although where I don’t know, the last bust I remember a lot of tech guys getting jobs as labourers on building sites just to get away from the whole scene, some came back some didn’t, don’t think labouring jobs exist now.

however it could be good for smaller tech companies, but anyone on a meta, google or Twitter salary is going to find it hard to get that again, unless they have serious connections.

Bigger issue for me is the way Twitter handled the ‘redundancies’ three months severance may be considered good in the states but here it’s chicken feed, you give that to someone who didn’t finish probation, it’s also not equitable someone who’s in the company a year gets the same as someone 10 years. I know a lot of workers are taking cases against Musk, my instinct is the WRC or courts are going to have to hammer Musk and Twitter and force the maximum compensation, if they don’t you’re going to have every Micky mouse startup and sme trying to pull the same shite based on precedent.

Yup I work remote but did meet up with colleagues a few weeks ago, and unusually for people working in tech, there was a lot of talk around regret at not joining unions, first I’ve heard of people seriously discussing it in over 20 years, and also a lot of people saying that ‘if’ the company went belly up or they tried to use the current situation to shed some staff on the cheap, everyone pretty much said they’d go straight to the WRC, and absolutely no one was prepared to sign a release of claims without substantial compensation and non competes removed.

Sign of where we are in the past people would be worried about reputation and new jobs etc, not this time as one guy said to me, can’t be dealing with fantasy about a job you don’t have you can only deal with what you know you can get.

Yeah perfect storm at the moment

A link and a single word is not justification for a thread. It isn't even enough for a post!

There are multiple other threads this could have gone in, but you need to provide more commentary than was given here.