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ZestyData t1_ivyuvp8 wrote

Twitter layoffs are because of the Elon shitshow

Meta layoffs are because their stock is crashing, because their business strategy isn't as strong as it used to be.

As far as I'm aware those are the only significant outliers in terms of layoffs.

ML market is still great. And half of the exciting work in ML is coming out of startups.

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maxToTheJ t1_ivyvq2y wrote

Also ML was one of the less impacted from what I heard in Meta.

Twitter is an Elon shitshow. Thats a special case as you point out.

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wutcnbrowndo4u t1_ivzez7r wrote

I was chatting with a Meta recruiter during their hiring freeze (before layoffs) and they told me that MLEs were the only job category they were still actively hiring for.

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Smartch t1_iw58rme wrote

Weird, I was also chatting with a recruiter from Meta specialized in ML and she told me they were freezing all hires. It may depend on the groups

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wutcnbrowndo4u t1_iw5fd0a wrote

It might also be different time periods. I talked to them a couple mos ago, at the beginning of all the tech hiring freezes

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DangleSlang t1_iwqpi23 wrote

Yep, same here. An internal recruiter reached out to me by email and on the call said that everything was frozen except for backend and ML engineering. This was I think in August or September.

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killver t1_ivzp4fa wrote

Afaik ML was impacted, but mostly responsibility folks getting booted in Meta.

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pm_me_your_smth t1_ivyxe6o wrote

> As far as I'm aware those are the only significant outliers in terms of layoffs.

Not really. https://layoffs.fyi has a good overview of layoff stats and there are many more companies that are contributing to this wave.

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MCPtz t1_ivzd309 wrote

FYI, those include layoffs of any kind, e.g. Hello Fresh layoffs of 611 were all warehouse workers, according to the linked article.

It's hard to get specifics about layoffs for software and ML type jobs.

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ZestyData t1_ivzkuet wrote

What? Your own source there shows that the number of companies "contributing to this wave" has been steadily decreasing month-on-month, and November's numbers are looking to be on par with the Summer in terms of number of companies. So yeah.. not a trend in unusual layoff numbers.

And if you omit the outliers of Meta and Twitter, the overall numbers of layoffs from the industry look to be completely on trend, aside from those specific outliers.

The data itself shows that we aren't in that big layoff wave yet.

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ok531441 t1_ivz0jlv wrote

Twitter and Meta are the most visible examples but they aren’t outliers as far as layoffs go.

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s1me007 t1_ivz48d2 wrote

Meta is crashing because Apple fucked them

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mxby7e t1_ivz9zsz wrote

Meta is crashing because of C level hubris and the belief that they could be the central point of all social interaction online and in the metaverse. They've been making poor decisions internally for years and its catching up to them.

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s1me007 t1_ivzcsm0 wrote

They’re crashing because they got fucked by Apple on targeted ads (their cash cow). They put themselves in a position to get fucked by Apple because so far they failed to become an OS/hardware company.

Why do you think they’re pushing for VR? To push the adoption of Oculus headsets. They failed with the Facebook Phone so now they’re thinking : whats the successor of smartphones ? VR headsets. It’s why Microsoft is betting on it as well

It’s a rational decision. Execution is another issue though

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Sad_Art6281 t1_ivz9s0h wrote

how so?

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s1me007 t1_ivzaaxg wrote

They stopped Facebook from tracking users on iPhones. Basically making their targeted ads on iPhones (most of their revenue) shitty. Apple is selling this as a privacy measure, but we all know they’re gonna start doing targeted ads themselves

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bumbo-pa t1_ivzqqux wrote

privacy-conscious targeted ads. iAds.

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kymsan t1_iw1p8xm wrote

This is one of the only factual comments in this thread. ML and data science are the future of technology. This becomes apparent if you take the time to analyze almost any consumer tech product and realize it's likely backed by some sort ML or AI.

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Viend t1_ivzvd7t wrote

Snap had a huge one too, I have no idea why though I just see them in my candidate pipeline.

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doge-tha-kid t1_iw2hlxs wrote

What about the Stripe, Lyft, Zendesk, Redfin layoffs??

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keepthepace t1_iw4u9kd wrote

Meta feels like they are preparing to pivot away from that "meta verse" plan. Feels like the 90s called and asked to get their impractical VR worlds back

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