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Ask HN: Who Is Firing?

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Re: Ask HN: Who Is Firing?

#281

Post by xiaolingxiao »

onychomys wrote: post #136

Hospitals 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…

Hey onychomys, I am doing some research about the state of Tech and how it’s integrated into the healthcare system, and the insurance providers. Would it be ok if I asked you a few questions?

Re: Ask HN: Who Is Firing?

#282

Post by DyslexicAtheist »

disposable38291 wrote: post #5

Dixa sacked 31 people (25% of staff). They closed a $36M series B in February.

edit: comment below is correct, this was 2019 (leaving original comment intact for transparency):

____

also a $14M Series A the same month: https://twitter.com/voipsipguruPB/status/1094042447070613504

Re: Ask HN: Who Is Firing?

#283

Post by tomduncalf »

Silhouette wrote: post #221
tomduncalf wrote: post #202

Earlier quoted context omitted.

>Curiously, just yesterday the UK government announced some new measures aimed directly at supporting startups, particularly tech startups in their early stages that aren't yet making money Do you have a link about this please? Hadn't heard of it until now

I'm not sure the full details have been published yet. It was mentioned in the usual round of news reports last night, so I assume it was announced as part of one of the set pieces yesterday. It sounds like some sort of investment-matching scheme, where the existing investors have to put more money in to keep the business viable but the government will then make some sort of contribution as well.

Ah cool, thanks for the heads up!

Re: Ask HN: Who Is Firing?

#284

Post by esel2k »

dsfargeg wrote: post #214

Babylon Health furloughed 140 people. I think they're using this as an excuse to re-structure their organisation. The tagline is that they are furloughing 5% of staff. They've used it as an opportunity to make 30% of their mobile engineers redundant, as well as push many senior engineers on higher salaries towards the exit

So also here healthtech startup letting people go?! Why? I thought you guys would get more business in these times?!

Re: Ask HN: Who Is Firing?

#285

Post by jansan »

danesparza wrote: post #119

God this brings back memories of fuckedcompany.com Right after September 11th, that site got very popular among engineers like me -- seeing (on a daily basis) which company bloodbath was next. It was kind of fun, until it was our company.

There was a German equivalent called Dotcomtod (dotcomdeath), which had incredible amounts of inside knowledge. I had just started a small software company and for some reason loved reading their stories. One of the key people of Dotcomtod (Don Alphonso) is now a famous blogger with conservative/libertarian views.

Re: Ask HN: Who Is Firing?

#286

Post by roadbeats »

bnt wrote: post #126
roadbeats wrote: post #100

Can we say that the layoffs are mostly happening in US ? I can't see that trend in Europe, correct me if I'm wrong.

Berlin is pretty nuts, lots of firing going on.

I live in Berlin as well and can't see any news in my circle, also the https://layoffs.fyi/tracker/ doesn't show any.

Re: Ask HN: Who Is Firing?

#287

Post by jansan »

wpietri wrote: post #212
McMini wrote: post #125

Earlier quoted context omitted.

What did the site show?

In form, it was a pretty simple discussion site. But it had a lot of insider info and an enormous amount of snark, and it really captured the spirit of the popping of Bubble 1.0 (and the post 9/11 downturn). I remember one where a CEO made a big deal about the tech staff working through the holidays to finish vital new products. And then the CEO went on vacation to Hawai'i, leaving the nerds to grind it out. The memo…

I remember a suggestion to place all startups in a death pool which they were only allowed to leave if they managed not to buy any Aeron chairs (those were all the rage at that time) after one year in business. I loved that idea.

Re: Ask HN: Who Is Firing?

#288

Post by toyg »

t0mas88 wrote: post #94
throwaway9002 wrote: post #77

Playtech in London isn't firing but cut all employee salaries by 10% across the board. The CEO just awarded himself a 30mil bonus: https://www.thetimes.co.uk/article/playtech-plan-to-pay-boss...

Well... That's an overhyped media headline. In reality it is a stock based compensation over the next 5 years, based on performance of the stock price, capped at a maximum of 30 million. So it was already very unlikely he was going to get 30m (= 6 per year) pre-crisis. And given the current stock market he is probably going to get nothing for the coming two years or longer.

> based on performance of the stock price,

Lulz, classic case of bad incentive: I bet revenues for online gambling are way up at the moment, now that more and more people are forced to stay home and be fundamentally unsupervised all day. But because stock markets are drying up across the board, stellar profits might well not get reflected in stock prices.

Just another reason for not basing exec compensation on stock prices.

Re: Ask HN: Who Is Firing?

#289

Post by eightysixfour »

esel2k wrote: post #284
dsfargeg wrote: post #214

Babylon Health furloughed 140 people. I think they're using this as an excuse to re-structure their organisation. The tagline is that they are furloughing 5% of staff. They've used it as an opportunity to make 30% of their mobile engineers redundant, as well as push many senior engineers on higher salaries towards the exit

So also here healthtech startup letting people go?! Why? I thought you guys would get more business in these times?!

Not unless they directly impact COVID work. Hospitals are laying people off and asking people to take pay cuts.

Re: Ask HN: Who Is Firing?

#290

Post by disposable33311 »

DyslexicAtheist wrote: post #282
disposable38291 wrote: post #5

Dixa sacked 31 people (25% of staff). They closed a $36M series B in February.

edit: comment below is correct, this was 2019 (leaving original comment intact for transparency): ____ also a $14M Series A the same month: https://twitter.com/voipsipguruPB/status/1094042447070613504

No, the $14M series A was February 2019.
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