> slowed its hiring amid rumors of potential layoffs
From a Silicon Valley veteran: if you work there and read this, and you don't already have your resume circulating, it's too late. You want to be out there before all the other Meta employees.
From another Silicon Valley veteran: this was a horizontal team that lost its exec sponsor and so didn't have a clear way to make impact. This kind of thing happens all the time at companies and panicking is uncalled for.
This is a thread about cuts being made. He's implying there will be more cuts. If you aren't circulating your resume today, you probably won't be tomorrow. Don't wait for the cuts to get to you before you start circulating
Unfortunately these times can be a bit rough to navigate. It can be tempting to cling to one's current position rather than move to a new company & be first on the chopping block
My experience is that having The Register run an article of the form “company $X cuts growth targets; cuts $Crown_Jewels team” is worth 1000x more than circulating a resume.
At least four of the responses to this got the point.
By the time layoffs or a mass exodus actually happen, you're competing with 100s of other good devs for the best jobs (not that you won't find some job).
The idea is if they fired 2,000 devs (for example), suddenly you have to compete with 2,000 people (who are all likely good devs) all immediately looking for a job.
This may not have been a problem in 2018, but it's definitely a problem in today's current environment with large amounts of bay area companies slowing their hiring.
If you look for a job before all this, you're in a much better position at least.
I wasn't around during the dot com era, but there were stories of devs ending up taking any job (programming or not) to make ends meet.
The market has slowed but I still think engineers from firms like Meta are not really facing a tough job market. It's just much harder now to get your foot in, to join startups, or to get hired from a less prestigious company.
The word "facing" is present tense, which is not the appropriate context for this scenario. Everyone will have trouble if Meta fires a bunch of engineers. People from Meta may have a little less trouble, and some companies will even open up new reqs to absorb some for cheaper. But there are a limited number of open positions out there. No real imagination or speculation is required here, since this has all happened many times before.
From a Silicon Valley veteran: if you work there and read this, and you don't already have your resume circulating, it's too late. You want to be out there before all the other Meta employees.