Comment by prasadjoglekar

Comment by prasadjoglekar 3 days ago

This. TFA says this explicitly. Alexander Wang, the former Scale CEO is to approve any new hires.

They're taking stock of internal staff + new acquisitions and how to rationalize before further steps.

Now, I think AI investments are still a bubble, but that's not why FB is freezing hiring.

apwell23 3 days ago

> They're taking stock of internal staff + new acquisitions and how to rationalize before further steps.

Like a toddler collecting random toys in a pile and then deciding what to do with them.

prasadjoglekar 3 days ago

Perhaps. But more like, there's a new boss who wants to understand the biz before doing any action. I've done this personally at a much smaller scale of course.

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