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Twitter Layoff Started Today

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Re: Twitter Layoff Started Today

#301

Post by fleddr »

assttoasstmgr wrote: post #293
throwaway5959 wrote: post #238

Earlier quoted context omitted.

Do you expect us to teach adults how to do laundry and cook dinner as well? When you’re an adult, financial planning becomes your responsibility.

> how to do laundry and cook dinner as well Half my coworkers lack these basic skills and they drive around in $100k Teslas.

I remember a story from some Googler complaining how from his apartment, the next Starbucks was about a mile away, a major degradation in life quality compared to the 5 star hotel that is a Google office.

The guy can't even make coffee at home or a sandwich. Never had to do it. They are true man-childs.

Re: Twitter Layoff Started Today

#302

Post by lampshades »

mkr-hn wrote: post #299
coffeeblack wrote: post #188

Earlier quoted context omitted.

Also, they need to remove the ideologists there first, if they want to be able to replace the ideologists in other positions.

I've never encountered someone in tech who didn't have some kind of ideology. What is particularly troubling to you about the ideology of the people laid off?

> What is particularly troubling to you about the ideology of the people laid off?

If I were a shareholder I'd say that it isn't compatible with capitalism and I feel that would be a sufficient answer.

Re: Twitter Layoff Started Today

#303

Post by throwaway292939 »

gwerbret wrote: post #200

> So- in addition to losing their jobs, which Twitter assured employees would not happen I'm not that old, but even I remember a time when companies, at least in principle, would invest in their employees (via stable employment, regular raises, mutual trust) in return for employees investing in the companies (innovation, extra effort, dedication, championing the company brand). Today, we have this: - Companies using…

I think that there is a cost to companies operating this way, but the cost is largely unseen or harder to account for. Arguably doing everything opposite of those points can be "good business sense" too. For example, going with the mindset of investing in your employees.. two of the points below:

> Companies using the barest of excuses, or none at all, to lay off employees The intention is to streamline everything and cut costs and improve efficiency for the business. However, doing the opposite here helps preserve tribal knowledge (possibly leading to better business outcomes). It helps improve retention because it creates an environment where employee isn't constantly optimizing for the best compensation and looking to jump ship at the first better opportunity.

> Companies lying, deliberately and freely, to employees about upcoming layoffs, in order to "stave off panic". Because it makes good business sense.

Doing the opposite leads to employees being more focused at work. Instead of prepping for the next interview, they can focus their energies on company initiatives.

Re: Twitter Layoff Started Today

#304

Post by assttoasstmgr »

fleddr wrote: post #301
assttoasstmgr wrote: post #293

Earlier quoted context omitted.

> how to do laundry and cook dinner as well Half my coworkers lack these basic skills and they drive around in $100k Teslas.

I remember a story from some Googler complaining how from his apartment, the next Starbucks was about a mile away, a major degradation in life quality compared to the 5 star hotel that is a Google office. The guy can't even make coffee at home or a sandwich. Never had to do it. They are true man-childs.

https://dilbert.com/strip/2002-07-22

Re: Twitter Layoff Started Today

#305

Post by thrown321 »

krallja wrote: post #275
thrown321 wrote: post #272

Earlier quoted context omitted.

I thought etrade had given up commissions and instead just front runs the trades..

That’s false; brokerages make enough money from retail customers with payment for order flow.

Isnt that the definition of front running?

Re: Twitter Layoff Started Today

#306

Post by thrown321 »

filoleg wrote: post #296
thrown321 wrote: post #282

Earlier quoted context omitted.

That only applies to higher management, who would know of impending layoffs.

> That only applies to higher management, who would know of impending layoffs. Nope, that applies to anyone for whom the employment offer says it applies to. At the previous company I worked at, we had no such rule. At the current one I work for, it applies to all software engineers. At plenty other companies, including FAANG companies like Google, it applies to all software engineers as well. Apple, for example, als…

This is just nonsense. Once the stock vests it is yours. Now an official SEC blackout period is different. And if you are privy to insider information then yes you can be restricted but again it is the SEC that enforces this.

Re: Twitter Layoff Started Today

#307

Post by thrown321 »

abeppu wrote: post #284
thrown321 wrote: post #250

Earlier quoted context omitted.

Lots of HR roles in there which is usually where recruiters are positioned. Unless you are saying all twitter recruiters on payroll are US citizens or permanent residents. Be sure to search all years.

Even selecting all years, I see no evidence of Twitter having H1B recruiters, and I don't think this is surprising. Companies are prepared to go through the process (and can make a credible claim of needing it) only for some roles.

I see H1B business analyst which is an LCA category recruiters are classified in.

Re: Twitter Layoff Started Today

#308

Post by claudiulodro »

fleddr wrote: post #198
jmathai wrote: post #67

Earlier quoted context omitted.

I don't understand the hate towards high cost of living areas. Making a few $100k in a HCOL area is similar to making $100k in a LCOL area. You don't live like a king if both your income AND expenses are higher. Both people in this example have a lot more in common than I'm reading into from your comments.

Well, I have news for you: 100K in a LCOL is a type of salary that pretty much nobody in the US, let alone the rest of the world earns. It's an elite salary. The absolute top tier for employees worldwide. It's not hate, it's trying to get people to understand that they are elite and privileged.

That's not true. Plenty of trades, nurses and other medical professionals, etc. make a over $100k/yr. Here's a listing I was looking at the other day: Lineman with a 4-day workweek at ~$110k/yr in Newport, Oregon (populatioon 10k) - https://www.governmentjobs.com/careers/cencoast/jobs/3582995...

Re: Twitter Layoff Started Today

#309

Post by refurb »

saagarjha wrote: post #239
refurb wrote: post #155

Earlier quoted context omitted.

Treating people like human beings (adults) also means letting them feel the consequences of poor choices. If someone is making $200,000 a year and is financial trouble when they get laid off (with severance), well, I reserve my tears for people who never see that kind of income their entire life.

I don’t get why you feel the need to reserve your tears at all.

Only so many tears to go around. I’m not wasting them on someone who loses a $250,000/yr job.

Re: Twitter Layoff Started Today

#310

Post by analog31 »

forgot_old_user wrote: post #142
madeofpalk wrote: post #129

Earlier quoted context omitted.

Seems unwise. You can always be fired or otherwise lose your job.

cant that be said about buying a home anywhere?

Yes, a difference is price. My 4 bedroom house in flyover country was a bit over $200k, and we had the cash from having worked for about 6 years after grad school for a flyover salary while continuing to live like grad students.

We went through a variety of simplistic formulas for "what you can afford" and entered half of our incomes to get an idea of what we actually wanted to spend.

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