Bain & Company Will Bain & Company‘s effort to turn around Facebook (Meta) be successful (rumor says they are behind the layoffs) ? Is Meta stock at rock bottom, and it is time to buy the dip?

like
Posting as :
works at
You are currently posting as works at

We don’t recommend layoffs, we offer mechanism to cope and it’s up to the executive leadership to decide their course of action

funnylike

If Meta fails, it will not be the product, business model, or market. It will be the organizational management, which I strongly believe will not change. There are many D+ and middle management that survived the layoffs, which led to their demise today.

The place operates like a 80k person startup. It was an absolute mess. Lack of collaboration, fighting for scope, two-faced/fake nice culture, self-promoting/noise to get noticed, many orgs working on the same thing, empire building, etc.

Wasn’t sure if it was Meta or just industry in general, but coming from consulting I noticed it was a shit show from Day 1.

likehelpfulsmart

I was in bizops. Unfortunately they dismantled the org. However the above applies across the company, including product/eng.

like

Rumor isn’t true. It’s been addressed by leadership internally.

like

If Zuckerberg keeps pushing the metaverse then no, the stock still has a way to fall.

like

Turnaround doesn’t reflects companies stock. Look at the overall market. Tech will continue to be battered as fed continues to raise rates

helpful

Seems it was successful 🤷‍♂️

helpful

Aand I didn’t buy the dip 🤦‍♂️not to self : don’t take investment advice from fishbowl

Related Posts

What is the best way to look at historical PE investments? I am hoping to discover new PE firms for networking / sales purposes. Potentially a website specifically that tracks announced PE deals. Thank you!

like

Get upto 100% of your TDS as Refund in your desired bank account .
Due date for filing (ITR returns) for the AY 2021-2022 which reflects your transactions during April 2020 -March 2021, is on 31/12/2021.
File now to get rid of penalty for delay returns
Here we will e-file your IT returns
▪️▪️▪️▪️▪️▪️▪️▪️
Are you new to ITR filing???.... no Worries join and get our help to clear your queries

📲 8985907244

Anyone have any good book recommendations around building passive income sources/building wealth?

like

Just sold all my remaining LTC. Bought at $50. Waiting for another dip of ETH below $707 then buy ETH and buy LTC if below $80...

Opinion on the Milton (Cambridge high) vs Suwannee (Peachtree ridge high) to buy a house? Have a 3 yr old.

like

I have got an offer based in Boblingen, Germany with 60k euro as fixed. Will it be enough for a couple with a 3 year old kid ? My major expense would be accommodation, groceries, kid’s school and transportation. Please do let me know your valuable inputs. TIA

like

Can I do 1031 exchange with the profits from the sale of a second home into the purchase of a primary?

funny

Hi EY people…who is the 401k provider for you? Vanguard?

like

Do you think it is quite possible to get fired by asking too many questions as an experienced senior 1? If so, i might get fired after this busy season.

funnylike

Is it any surprise we’re seeing mass layoff in tech? Years of rich friends hiring rich friends with no work ethic has lead us here. I know way too many tech people who work maybe an hour a day followed by errands and traveling. A lot of getting in these places is who you know, apparently that doesn’t work out like it used to. The amount of people who worked for Meta, Apple, Amazon, etc for a few months / maybe a year is astounding. it’s around that time frame a boss can tell if you’re worth it

like

I know this doesn’t count as an interview, but overall professional advice needed:
Any tips on asking for better severance pay?

like

Hi All, newbie here to real estate investing. I have a primary with about $180k in equity and want to A) Get a larger primary in about 12 months and B) Acquire a cash flowing rental asap. Would you try to cash out refi and buy an investment property now; cash out and rent out your current place and buy a new primary or sell your current place and try to get buy a small investment and a new primary?

like

Does anyone work in Dubai or Singapore who can give me an idea what you get paid? Thinking of making the move from Norway. Lower/no personal income tax is the incentive - paying 47% 😭

like

What can I do during downtime throughout my day to prepare me for investment banking? I have a while until I am eligible to move internally but I want to be prepared when the time comes

like

How is the morale in your groups especially with constant layoff news in the market?

Hello ME fish - any suggestions as to where I could invest reasonably safely if I’m targeting a ~5% return (in USD/AED)? LIV used to be good with their 2% return but that’s decreased now, and I’m looking for a bit higher.

likehelpful

How's Manor as a city in terms of buying a single-family home: school-wise, future price appreciation of houses etc ..?

like

Our company is considering offering 401K employer match. We are about 200 employees venture backed company. We have about 60% participation mostly the non HCEs and only some key employees contribute. We always pass top heavy test and wpassed the 2019 ADP/ACP test. We are aggressively hiring and project there will be increase in participation, particularly if we offer the match. Given this information would it make sense to continue with a traditional 401k plan or go with safe Harbor plan?

like

I recently laid off from First Source because There is no work in Mortgage process. I'm getting offer from a company but less 30% less package as compared to First Source. Im the only earning person for my family and don't have any financial backup. Should I Join for temporary ?

like

Moving to Boston next month and looking to get a six month lease to get on the September 1st cycle - is there any way for me to avoid a broker fee?

like

More Posts

Hi - I have been asked to join as Senior VAT Analyst at Pure Storage. Can someone suggest how much should I ask CTC? And what do you think about the company?

like

Friendly reminder about our Bowl meetup tomorrow (Thursday) in Wash Sq West. $6 Margaritas and $6 Nachos all night long. Hope to meet many of you there!

Date: November 3rd, 6:00 pm
Where: McGillin’s Olde Ale House

like

Anyone else following Rocket Lab’s debut today?

like

What's the difference between Senior Associate Technology L2 and Senior Associate Platform L2?

like

Hey all, I’m starting a new job soon (in 2 weeks to be exact), but I haven’t been contacted by the firm. Should I be concerned?

like

Hi will HR reject my offer if I ask for my CTC revision after accepting the offer without having any counter offer

like

Anyone know if general business tax service(BTS) experience and individual/ business tax experience from local small firm count as experience for GC in an international tax position? I'm planning to transfer to International tax but wondering if my previous tax experience can be used for GC application.

like

Can someone please advice me how to get into Managerial positions or similar positions with little to no coding… as coding takes most of my time and i start to hate it recently. I wish to manage people and move forward into higher position’s holding accountable and receiving recognition which can solve business issue than breaking my head why my code breaks. I am right now in SE II

like

How do physical science PhDs fair in applying to and receiving offers from MBB?

How do they do once they are there? Do they struggle to make the transition?

like

What agencies are hiring for remote work, anywhere in the US?

like

Any tips on affordable hotel, hostel or university housing for a short and last minute weekend trip in Toronto?

Thanks

like

Family is heading to Boston. We've done most of the touristy stuff. Any hidden gems? Food, history and shopping (MIL)...any recs?

like

I have a query. Offer agreement states that termination can be initiated from either party by giving 3 months prior notice or equivalent pay. I want to know if the company can force me for an early release. Is it authentic to do that Or I should ask for 3 months complete notice period or equivalent pay.?

like

Is there mass layoffs happening in the industry right now? Is the rumour true? Are we back in a recession?

like

Probably the 100th person asking, but honest opinion requested: is this dip temporary or should we be worried.....personally I’m a HODLer but getting a little antsy

like

Hello guys, Looking for a job in finance domain ( accounting, liquidity reporting) in Ireland. Any referrals please connect.

like

What's the difference between band 7a and 7b?

Do you think it is easier to overcome cheating in a relationship that has or does not have children involved? Listening to an interesting podcast and would love to know peoples take on the topic

like

At my uncles wedding in Madrid I remember lying down on the grass in the courtyard after their first dance and crying, my Dad came and saw me, laid down in his suit beside me and asked what was wrong.

“I know my boyfriend wouldn’t dance with me like that at our wedding”

And we just lay there as I cried, and then got up. Had a drink.

Said boyfriend left years ago, and now I have a wonderful man who just asked me what type of dance lessons I want for our wedding next year.

Don’t give up.

likeupliftingfunny

Additional Posts in Consulting

Houston downtown JW vs Westin.. Thoughts?

like

EY, do you match offers?

like

Hey some help FB: had to move rooms at a Westin bc the tv was so broken they couldn't figure out how to fix it -- they were nice but is there a way I can at least get points for that and how?

like

Hotel recommendations for Stockholm?

like
like

Do you have to return the sign on bonus if you get laid off, sign on period (2 years) has not yet passed. I would also like to know the firm's severance policy.

like

If I just chill on the bench for long will I still only get fired at the end of the year?

like

Books to learn more about how to drive sales in consulting? Any recommendations?

likehelpful

Happen to be listening to classic music from the 40s and 50s. Just realized the song My Way by Frank Sinatra is a good representation of a consultants life

like

A reminder to all: we are going through very difficult times. Please help someone who has gotten laid off if you can!

like

If I leave at 6 pm today and no one is around, am I the worst? I'm done with my work

When do Deloitte's Comp statements get released?

like

Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?

like

Do you "work" other than transition or KT after you are told you're being laid off? Just curious what level of work I should provide til my last day.

like

Recommendations on healthy meal options while traveling.... has anyone tried any of the paleo meal delivery services?

like

That DCA sunrise is 👌

like

Anyone on the 1:56 pm United LAX-ORD? If yes, then please send a drink over to my seat. 7B. 🙂

like

Anyone successfully onboarded/trained someone remotely? Any advice? (My small firm still having a few interns this summer and I’m training them, trying to plan ahead to ensure they’re successful)

like

Automatic red flag to have an engagement kickoff just before the holidays, receive emails at all hours of the day (to include weekends/holidays), be told there’s a lot to do but “it’ll be a great opportunity”, and then be told leadership wants people to prioritize work life balance? Figured I’d be looking for an exit soon, but this just pushed it up.

likefunny

Do linen suits make that much of a difference in warm weather? And if so, what stores carry them in slim fit?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal