Uh Oh....The Layoffs Begin

Expanding RE empire?

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Suddenly he’s waking up :grinning: now that the horse has almost bolted.

“I don’t think you want a management structure that’s just managers managing managers, managing managers, managing managers, managing the people who are doing the work,” Zuckerberg reportedly said during an internal Q&A session in late January, according to Command Line.

Earlier in January, the company’s chief product officer Chris Cox reportedly wrote a post on Meta’s communication platform Workplace about the need to “flatten” the company’s organizational structure, Command Line reported.

Old problem. Lots of papers on pros of flat organizational structure and matrix structure. Yet, to date, everywhere has tall hierarchical structure.

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Yup. People tend to get promoted for staying around long enough. That behavior leads to super bloated management hierarchies.

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Yeah and the Qn is what is their output then. At least the software engineer is building something. However, I do know Senior Directors who actually do software/hardware work hands on in addition to management stuff.

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Pay cuts??? coming???

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I think that’s the kiss of death. Only the below average employees will stay.

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Nothing has changed.
Techrecession.
Rest of the economy is :+1:

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Dell to Cut About 6,650 Jobs, Battered by Plunging PC Sales

Headcount will be lowest since 2017 after reduction complete

A Clear Target Emerges in Tech Layoffs: Middle Managers

The conviction that the world’s top tech companies need little more than core engineering teams is perhaps embodied most fully by Elon Musk’s “hardcore” Twitter 2.0. Since taking over, Musk gutted the company’s 7,000 staff. “Elon, what’s the one thing that’s most messed up at twitter right now??” Musk was asked on the platform in October. He replied: “There seem to be 10 people ‘managing’ for every one person coding.”

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15% is bigger than most.

Tim Cook kickstarts the trend of CEOs cutting their pay significantly.

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15% seems like approx 2x what other companies have been doing.

Boeing two weeks ago:

Boeing this week:

No contradiction. Layoff white collar, hire blue collar. Is a white collar recession.
Most layoffs are in cost centers e.g. finance, HR.

@manch
Still in denial?

Posted this in Nov 22.

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Travel, hospitality, and healthcare :+1:

Full Remote

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