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Ask HN: Who Is Firing?

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Re: Ask HN: Who Is Firing?

#571

Post by camgunz »

JBSay wrote: post #558
camgunz wrote: post #542

Earlier quoted context omitted.

> At what point would tech not be racist? When it's demographically representative.

Does your circle of friends exactly match the general population demographics? No? You're a racist! See how absurd your expectations are?

While that's a false comparison (there aren't lots of people trying to support their families by becoming my friend), bubbles are very real. Communities tend to be racially segregated and that leads to prejudice and discrimination.

Please be a little more receptive to stuff like this. Racism and sexism are social ills that affect the majority of people. It's worth your time to having a passing understanding of the major concepts.

Re: Ask HN: Who Is Firing?

#572

Post by drsooch »

LeoTinnitus wrote: post #547
drsooch wrote: post #472

Earlier quoted context omitted.

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…

I worked in the commercial department of a state financial institution and I loathed SBA loans. They were such a pain. Everybody hated them. Lenders, processors, underwriters...but not the VP! I mean I get but ffs why? Let the big companies do it. They're just a hassle.

They're a hassle, but less risk for the primary lender. We worked with primarily smaller Banks, it makes sense for a small bank to work with the program.

Re: Ask HN: Who Is Firing?

#574

Post by yasinaydin »

fest wrote: post #227
jyriand wrote: post #154

Estonian startup Starship Technologies(robot delivery service) has laid off lot of people. How many is unclear. As I understand they try to stay afloat by using their robots for pizza deliveries now. https://news.err.ee/1070009/starship-technologies-makes-redu...

Interesting, as I surely thought they will be one of the companies benefiting the lockdown.

Probably most of the people they fired were "robot operators", who were paid ~3 euros/hour (~550/month), while their executives and high-levels make 5k to 10k a month net. Robot operators' jobs are to manually test or drive these robots.

- All salaries are net, after taxes - Estonian average salary is 1000 euros/month

Re: Ask HN: Who Is Firing?

#575

Post by yitchelle »

MaxwellM wrote: post #195

Checkout this airtable tracker https://layoffs.fyi/tracker/

That's an interesting and depressing read. I also noticed that layoffs.fyi has listed the names and contact details for the folks who got laid off. Do you know if this opted-in by them?

Re: Ask HN: Who Is Firing?

#576

Post by poooogles »

pkaye wrote: post #386
poooogles wrote: post #312

Earlier quoted context omitted.

>You don't get government unemployment benefits in the UK if you have >16k in savings This isn't true. You'll get new style JSA for 6 months [1] pending you have contributed NI for the past 2/3 years which almost all will have. https://www.gov.uk/jobseekers-allowance/eligibility You're talking about universal credit which yes you won't qualify for with greater than 16k savings (pension savings or HTB ISA are however…

How much are unemployment benefits worth in the UK? Like if you are a programmer, what percent of monthly salary would be the unemployment benefits?

Shit all. New style JSA is £74.35 a week plus you could also potentially claim Universal Credit (if you've got under £16k savings) which is £94. £730 or so a month is not enough to live on if you're having to pay for your accommodation in most of the south.

Re: Ask HN: Who Is Firing?

#577

Post by annon923 »

Laserfiche (Long Beach, CA) Several people, at random it seems, over the past four weeks. No severance or medical. Management can't seem to decide on what direction to go and thinks start with fresh hires post COVID.

Re: Ask HN: Who Is Firing?

#578

Post by LeoTinnitus »

drsooch wrote: post #572
LeoTinnitus wrote: post #547

Earlier quoted context omitted.

I worked in the commercial department of a state financial institution and I loathed SBA loans. They were such a pain. Everybody hated them. Lenders, processors, underwriters...but not the VP! I mean I get but ffs why? Let the big companies do it. They're just a hassle.

They're a hassle, but less risk for the primary lender. We worked with primarily smaller Banks, it makes sense for a small bank to work with the program.

Yeah but most small banks don't have any understanding of what it all requires. It's not like an inhouse loan where if the borrower misses a payment they just show up on a report. You gotta jump though hoops and notify tons of stuff to the SBA about it. Not to mention everything needing to be perfect.
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