Groupon - 2800 jobs (44% of workforce) - https://www.chicagobusiness.com/john-pletz-technology/groupo...
How can they possibly employ 6400 people.
I didn’t realise they were still around, I thought they went under years ago...
Ask HN: Who Is Firing?
521–530 of 593 posts
Re: Ask HN: Who Is Firing?
#522Earlier quoted context omitted.
This is the government's fault for not attaching more strings to the money. It should have been a loan at favourable interest rates with a fixed term.
I created an Account just for this thread. I spent time working as a Credit Analyst for an Economic Development Firm (AKA we made SBA 504 loans). I would like to note I am no longer in the industry, however I do have contacts still. I've spent some time on the phone discussing the program with current lenders. The SBA does not just hand out money with no strings attached. The actual 504 loan program (general small bu…
Thank you for taking the time to contribute this.
Re: Ask HN: Who Is Firing?
#523Not naming the company, but I know of a startup that's got a round of $10M (not much but enough) who just applied for relief because their burn rate is $200K+ a month. They have no customers, have been in the red for 2 years and have been slowly building their product out -- like most early funded startups -- they are building potential without revenue (yet). Their theory is, get some free money and treat it like 6 m…
Welcome to Europe.
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Re: Ask HN: Who Is Firing?
#524FIRST FACTORY (company link: https://firstfactory.com/ ) Hello fellow HN readers. Here's the short version of the story: So I was working at X SF startup company (with a subsidiary office in Costa Rica) and decided to give it a try at First Factory, an outsourcing shop based in NY and Costa Rica, they handed me a contract (March 5th, 2020) to start working with them effective March 30th, 2020. So I quit my job and wa…
You qualify for unemployment FYI, in case you weren’t aware.
Re: Ask HN: Who Is Firing?
#525Earlier quoted context omitted.
We've seen great results since switching from Circle to Buildkite, not the least of which is cost, but you have to be willing to do a little bit of your own IT work.
I second Buildkite, one of the best choices we made at my previous company.
Buildkite + preemptible GCP instances has worked great for where I'm working right now!
Re: Ask HN: Who Is Firing?
#526Earlier quoted context omitted.
Please tell me you're hiring bloom filter / client-side JS search experts. We're on the verge of moving our whole company off ProtonMail because search is unusable.
Search is unusable on ProtonMail because they can't decrypt your emails to search through them. I've raised this issue with them and they responded that the (current) solution is to use a local mail client to download all your emails and search them using your client.
Hence "client-side". a-la Elasticlunr.js
Re: Ask HN: Who Is Firing?
#527Hospitals are having a surprisingly tough time of things. I work for a very famous hospital in a small town in the American midwest, and we've (our IT department, that is) laid off all our contractors and the rest of us have mandatory furloughs coming up too. They're doing everything they can to not let us go, but some of us will probably end up getting sacked. And this is maybe the richest and most well-connected ho…
I’m guessing this is Mayo Clinic?
Re: Ask HN: Who Is Firing?
#528Not naming the company, but I know of a startup that's got a round of $10M (not much but enough) who just applied for relief because their burn rate is $200K+ a month. They have no customers, have been in the red for 2 years and have been slowly building their product out -- like most early funded startups -- they are building potential without revenue (yet). Their theory is, get some free money and treat it like 6 m…
Tesla asked for money.
Hedge funds asked for money.
The U.S. government works for, and is run by, big businesses.
Re: Ask HN: Who Is Firing?
#529Hospitals are having a surprisingly tough time of things. I work for a very famous hospital in a small town in the American midwest, and we've (our IT department, that is) laid off all our contractors and the rest of us have mandatory furloughs coming up too. They're doing everything they can to not let us go, but some of us will probably end up getting sacked. And this is maybe the richest and most well-connected ho…
Will be very interesting to watch financial reports from health insurers. Premiums are the same, despite (almost) everyone consuming less health services. Can Covid costs (at current patient levels) make up for the loss of other claims? I'm doubtful, especially since some Covid costs are evidently borne by the federal government. The suffering of hospitals is circumstantial evidence that insurers are paying out less…
ACA requires insurers to refund premiums if they do not spend at least 80% of the premiums on healthcare. See here for more details:
https://www.cms.gov/CCIIO/Resources/Files/Downloads/mlr-repo...
Re: Ask HN: Who Is Firing?
#530Earlier quoted context omitted.
This is the government's fault for not attaching more strings to the money. It should have been a loan at favourable interest rates with a fixed term.
Just a thought: when the government starts giving out lots of money with strings attached, you get a lot more jobs doing administrative compliance tasks. I'm thinking of, for instance, universities and the growing numbers of administrators who exist to chase funding. More strings attached means money will go towards meeting all requirements. Maybe this isn't strictly bad, but it might be less efficient than just lett…
And that's not to mention compliance enforcement required on the government's side, which I imagine isn't so easily scaled up at a moment's notice.