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OneTrust lays off 25% Workforce

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Re: OneTrust lays off 25% Workforce

#91

Post by kristjansson »

christophilus wrote: post #87
kristjansson wrote: post #52

Earlier quoted context omitted.

Its almost like the practice of software engineering in a large organization involves (much) more than writing code?

Everywhere I've worked (including for MAANG companies), software engineering was best done by a combination of three things, listed in priority order: A) thinking B) programming ... Z) meetings The meetings contained something useful maybe 1/10th of the time, lasted maybe 4x longer than they should have, and involved maybe 20x more people than they should have. Those numbers skew higher the larger the organization. M…

May we all be so fortunate to have tasks defined so specifically and selected so precisely that one can accomplish them only by thinking and programming, and find satisfaction in doing so.

Re: OneTrust lays off 25% Workforce

#92

Post by hallway_monitor »

arroz wrote: post #42
abduhl wrote: post #36

Earlier quoted context omitted.

Yes, but haven't you heard that productivity has gone up since we've moved to WFH? You'd probably have like 30-40 tick marks now if you toured all their homes.

Yeah i don’t think this is true though people love to say it is true Productivity is a very subjective term Are you making more dollars for less money? This is productivity, everything else doesn’t matter

I would love to make more dollars for less money. I think.

Re: OneTrust lays off 25% Workforce

#93

Post by indymike »

kristjansson wrote: post #52
indymike wrote: post #33

I'm always amazed with how big tech companies get in terms of employee count. I once wandered the engineering area of the HQ (with an employee) of a FAANG (MAANG sounds... silly) and made a tick mark on my notebook when I saw someone actually coding - or at least having code on screen. There were over 1200 people on the development team and at the time most worked out of HQ. So... when I was done walking, I had 22 ti…

Its almost like the practice of software engineering in a large organization involves (much) more than writing code?

22 is less than 2% of the engineering effort. I agree that code part of the engineering effort, but if your business is software driven, you would think it is more than 2% of the effort. A lot of the adjacent roles to an engineer, i.e. documentation, devops, sre, all have code involved, too.

Re: OneTrust lays off 25% Workforce

#95

Post by missedthecue »

KoftaBob wrote: post #9

"I know this news is surprising, especially as you heard last month that the business is on track with record quarters and increasing customer demand. However, capital markets sentiment shifted to a more balanced approach between growth and profitability, and at this time, we have decided the best course of action is to reorganize to position OneTrust for continued long-term success." Translation: we over-hired based…

Goals are defined by capabilities, are they not? And if you have greater capability (more VC money in this case) your goals will surely be loftier as well.

Re: OneTrust lays off 25% Workforce

#96

Post by HeyLaughingBoy »

fasteddie31003 wrote: post #12

The job market for developers right now is tough. My last time interviewing I was 2 offers for 4 interviews. I started looking for a job a month ago and I've gotten 0 offers for probably 10 interviews. It's my first time interviewing over virtual meetings, maybe that's it, but I think it's the general job market. My last feedback was "TL;DR - The general agreement was that you can code, and likely code well. However,…

Actually there seems to be a decreased supply of developers because everyone is trying to hire them. If you're getting feedback, I'd say take it seriously and see how you can proactively address it on your next interview. It's like Sales: anticipate the objection and be prepared to handle it.

Re: OneTrust lays off 25% Workforce

#97

Post by wbsss4412 »

indymike wrote: post #33

I'm always amazed with how big tech companies get in terms of employee count. I once wandered the engineering area of the HQ (with an employee) of a FAANG (MAANG sounds... silly) and made a tick mark on my notebook when I saw someone actually coding - or at least having code on screen. There were over 1200 people on the development team and at the time most worked out of HQ. So... when I was done walking, I had 22 ti…

FAANG sounds silly too, we’re just used to it.

Re: OneTrust lays off 25% Workforce

#98

Post by jussivee »

dzuc wrote: post #24

OneTrust's cookie consent manager is literally the worst product I have ever used.

And they actually violate European data privacy laws, as do most of the consent management platforms. Or, they are implementend in a way that breaches GDPR and the ePrivacy Directive - pre-ticked boxes etc.

For context: https://techcrunch.com/2022/03/04/noyb-second-cookie-complai...

They also use deceptive design and make it too hard for a website visitor to understand what's going on under the hood.

Re: OneTrust lays off 25% Workforce

#99

Post by citizenpaul »

battery_glasses wrote: post #89
citizenpaul wrote: post #71

I often wonder how companies like this exist. Their "Market" isn't really a market but forced government regulation. I suppose its all sweethart deals, kickbacks, lobbying for contracts, and fedramp. Having 4000 employees for what is essentially streamlining the process of filling out government paperwork seems absurd to me. Don't misunderstand I've delt with compliance and know very well how much a headache it is an…

Their "Market" isn't really a market but forced government regulation. Regulatory compliance is a huge, stable, market. (IDK anything about the specifics of this company, just pointing out that government regulation creates markets.)

Perhaps. I'm not an economist but I would think they probably have some word I don't know that describes this situation.

Re: OneTrust lays off 25% Workforce

#100

Post by yevpats »

Seems like a service company disguised as a SaaS company which says their revenue is coming from "SaaS" but actually they have an internal tool which doesn't scale and 4000 engineers that are doing basically one-off services. But given you say you are a SaaS company you can get 50x multiples (or you could in the past). but the moment there is downturn the "scam" is floating up because every engineer you cut is directly affecting revenue due to the underlying service model.

Interesting to see how many more "SaaS" companies like this are in the market

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