

Mark Zuckerberg: Early-career engineers tend to perform better when they're in p...
source link: https://finance.yahoo.com/news/mark-zuckerberg-early-career-engineers-171653227.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.

Mark Zuckerberg: Early-career engineers tend to perform better when they're in person 'at least 3 days a week'
Early-career engineers tend to do better when they show up in person, Mark Zuckerberg said.
He cited Meta's "early analysis of performance data," but acknowledged it "requires further study."
Zuckerberg broached the idea of in-person work in a note announcing new layoffs of 10,000 employees.
Meta's "year of efficiency" could have employees spending more time in the office.
CEO Mark Zuckerberg announced on Tuesday that the company would be laying off 10,000 more employees this year, and he also floated the idea of engineers potentially working in person more often. The company had looked through "performance data," he wrote, and found that engineers who joined Meta in person or stayed in person performed better than those who joined and continued to work remotely.
Meta's review also found that early-career engineers benefited from working in person "with teammates at least three days a week," Zuckerberg wrote, echoing business leaders who have pushed the idea of in-person collaboration and serendipitous interactions, as well as the idea that in-office work can preserve culture and productivity.
"This requires further study, but our hypothesis is that it is still easier to build trust in person and that those relationships help us work more effectively," Zuckerberg wrote.
A representative for Meta declined to comment beyond Zuckerberg's post, which didn't articulate any formal return-to-office policy or any timeline for such a move.
Meta's current policy includes both remote and in-person work. Full-time employees who can accomplish their work remotely can apply to do so, while others have to go into the office, Insider previously reported.
Meta's website references options for remote roles: "We believe that what you can do matters more than where you are, whether you work from home or in our offices."
Big tech leaders who've called workers back to the office include Marc Benioff of Salesforce, which has a policy requiring certain non-remote employees to be in the office three times a week, as Insider has previously reported. Elon Musk also ended remote work at Twitter when he took over at the social media platform last year.
- MarketWatch
Mark Zuckerberg warns that ‘new economic reality’ could continue for years as Meta makes more layoffs
Higher interest rates, geopolitical unrest and increased regulation could all continue to drive a tough climate for companies, Meta CEO says.
3h ago - MarketWatch
‘I’m not seeing true danger here’: Michael Burry says U.S. banking crisis to be resolved ‘very quickly’
Investor Michael Burry said in a tweet late Monday that he expects the crisis surrounding the collapse of Silicon Valley Bank to be resolved "very quickly" one day after comparing SVB's collapse to the great financial crisis and the dot-com bubble.
5h ago - Engadget
Zuckerberg touts 'year of efficiency' as Meta lays off an additional 10,000 workers
Meta has announced plans to lay off another 10,000 workers as part of what CEO Mark Zuckerberg is calling the company's "year of efficiency."
6h ago - MarketWatch
‘I was once an emotionally unkempt individual’: I’m 27, was raised in poverty, and work in a grocery store. I have $8,000 in debt. Can you help?
‘There is a pressure to turn my finances around because I'm in a serious relationship with a guy who makes great money and owns his own home.’
1h ago - 8h ago
- MarketWatch
United Airlines stock tumbles after airline unexpectedly warns of quarterly loss
Shares of United Airlines drop more than 5% as analyst says first-quarter update "was not what the market was expecting."
2h ago - Fortune
Mark Cuban reveals his ‘baby’—an affordable medicines website—had $3.1m in SVB as he ‘scrambles’ to get the company’s payroll together
The "Shark Tank" investor said no one could have predicted the collapse of Silicon Valley Bank, but that he was determined it wouldn't kill off his affordable medication venture.
7h ago - MarketWatch
I plan to retire at 62. I get $1,500 a month in rental income and have $200,000 in savings. Should I get a financial adviser to help me?
Answer: Having a lump sum of money in your savings can sometimes be difficult to allocate properly — but you don’t necessarily need a financial adviser to help you here, though you may find one helpful. Many financial advisers are adept at helping clients navigate the path to retirement, which might include investing and saving for retirement, Social Security benefits claiming strategies, healthcare costs before and after Medicare, planning ahead for long term care (LTC) health expenses, and helping you lower your lifetime retirement taxes. If those are things you don’t feel comfortable tackling yourself, you might want to consider a financial adviser.
1d ago - TechCrunch
Mark Zuckerberg says engineers who joined Meta in-person perform better than those who joined remotely
Mark Zuckerberg, co-founder and CEO of Facebook parent Meta, has pointed to internal data analysis that suggests engineers who initially joined the company in an in-person capacity performed better than those who joined remotely from the get-go. The insights stem from a memo sent to employees earlier today, in which Zuckerberg revealed the company was cutting another 10,000 jobs. Aside from announcing the fresh round of layoffs, Zuckerberg delved into a number of ways the company was looking to improve efficiency, such as cancelling "lower priority projects" and creating a flatter organizational structure by removing various management layers.
2h ago - Benzinga
India's User Privacy Mandate Could Spell Losses For Smartphone Players Like Samsung, Xiaomi, Apple
India's latest smartphone mandate could amount to losses in business from pre-installed apps for players, including Samsung Electronics Co, Ltd (OTC: SSNLF), Xiaomi Corp (OTC: XIACF) (OTC: XIACY), Vivo, and Apple Inc (NASDAQ: AAPL). India plans to force smartphone makers to allow the removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules, Reuters reports citing familiar sources. Most smartphones used in India have pre-installed App
4h ago - Fortune
Homeowners who held onto a 3% mortgage rate are becoming ‘accidental landlords’
99% of borrowers have a mortgage rate lower than 6%, according to Goldman Sachs, and some are choosing to rent out their homes instead of selling.
21h ago - SmartAsset
IRA Required Minimum Distribution (RMD) Table for 2023
An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.
1d ago - Bloomberg
Meta to Cut 10,000 Jobs, 5,000 Open Roles in Efficiency Push
(Bloomberg) -- Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rise, Stocks Steady; Fed Path Eyed: Market
3h ago - Reuters
Tesla wins bid for more details on California agency's probe of race bias claims
A California civil rights agency suing Tesla Inc over alleged widespread race discrimination at its flagship assembly plant must detail the investigation it conducted prior to filing the lawsuit, a judge has ruled. The tentative ruling on Monday by California Superior Court Judge Evelio Grillo in Oakland could give Tesla an opportunity to narrow the lawsuit filed last year by the state Civil Rights Department. California law requires the department to investigate discrimination complaints by workers before suing employers.
2h ago - Reuters
Signature Bank, former CEO are sued by shareholders for fraud
Signature Bank and three former top executives were sued on Tuesday by shareholders who accused the New York bank of fraudulently proclaiming it was financially strong a mere three days before it was seized by a state regulator. The proposed class action against Signature and its former chief executive officer Joseph DePaolo, chief financial officer Stephen Wyremski and chief operating officer Eric Howell was filed in the federal court in Brooklyn. It seeks unspecified damages for shareholders between March 2 and 12 when New York's Department of Financial Services took over Signature, two days after the Federal Deposit Insurance Corp seized Silicon Valley Bank.
3h ago - The Wall Street Journal
OPEC Sees Weaker Western Oil Demand Countering Growing Chinese Appetite
The cartel left its forecasts for global oil-demand growth this year steady as growing optimism about China’s demand for crude oil was countered by concerns about the economic picture in the U.S. and Europe.
7h ago - Reuters
Charles Schwab shares bought by CEO, Baron Capital - CNBC
Financial stocks have largely borne the brunt of a crippling sell-off which began last week after regulators shut down startup-focused bank SVB Financial Group, triggering worries of a contagion that rippled across financial markets. Signature Bank was also consequently shut down by regulators. Baron, the 79-year-old founder of Baron Capital, did not disclose how much stock of Charles Schwab he purchased, according to the report.
7h ago - Reuters
Exclusive: Semiconductor manufacturer Infinera explores sale -source
Infinera Corp, a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China's Huawei, is exploring options that include a sale of the company, according to a person familiar with the matter. The San Jose, California-based company, which has a market value of $1.6 billion, is working with investment bank Centerview Partners on a sale process that will launch in a few weeks, the source said. Infinera shares rose over 11% on the news in afternoon trade to $7.64 a share.
3h ago - Reuters
Uber, Lyft shares surge after court decision to treat drivers as contractors
Analysts expect the decision will likely be challenged before the California Supreme Court, which could take months to decide whether to accept the case, and over a year to issue a ruling. For now, though, the ruling means companies like Lyft, DoorDash and Uber have avoided a substantial hit to their earnings.
8h ago - The Wall Street Journal
The Companies Conducting Layoffs in 2023: Here’s the List
U.S. businesses in sectors ranging from manufacturing to technology are recalibrating after a period of rapid growth.
5h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK