Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Twitter Layoff Started Today

linkedin.com

Post reply on HN
Print view View original

311–320 of 355 posts

Re: Twitter Layoff Started Today

#311

Post by manyfriends »

UncleEntity wrote: post #281
manyfriends wrote: post #244

Earlier quoted context omitted.

> Unions often drive out workers at the benefit of those getting union jobs, lowering employment. For example, see [5] and similar papers. This seems a bit misleading from the article you referenced: “The researchers find that, for both men and women, more union involvement in wage setting significantly decreases the employment rate of young and older individuals relative to the prime-aged group (with no significant…

> Lower employment for the very young and very old is generally a good thing in places with a robust welfare state… Exactly, I can’t think of any country who has had problems with the majority of the 18-24 year olds not being able to find meaningful employment. Well…except for every single country where this has been the case. It’s not like they will be sitting around with no job prospects looking at the immigrant gr…

Seems like speculation / projection. If your argument about unions and extremism was supported, you’d expect to see a correlation between high union membership and “extremism”. If anything, countries with high union density (Sweden, Iceland, Finland) seem to have fewer extremist parties than low union countries like the United States, The Philippines, and Poland. In the United States, the long-term decline in industrial union power, as also seen in Great Britain during the Thatcher “union-busting” era, has presided over an increase in extremism.

So whatever effect union has in employment, it’s not the kind that is shown to lead to extremism.

Again, you cited a paper claiming that it supported that “unions == unemployment” when all it said was that unions are correlated with small increases in unemployment among the very young and very old.

What we know is that union membership is shown definitively to result in better working conditions and safety, higher job satisfaction, and higher wages across entire industries.

Re: Twitter Layoff Started Today

#312

Post by icedchai »

nunez wrote: post #265
etchalon wrote: post #88

Earlier quoted context omitted.

If they have a mortgage, they don't have 1.5M in assets. They have 1.5M in debt.

And yet home value is used to calculate net worth.

Mortgages (debt) are also used to calculate net worth, so it balances out.

Re: Twitter Layoff Started Today

#313

Post by phillipcarter »

moonchrome wrote: post #163
phillipcarter wrote: post #146

Earlier quoted context omitted.

Hoo boy, where to begin with this one. You do realize that there are people who broke into tech despite coming from extremely poor backgrounds, and use most of their take-home money to support their families, right? Or students with massive student loan debts that they are currently paying down? Or even just people from median financial backgrounds but have to support their families in a high CoL area?

That doesn't compute - if you come from a poor background your family is used to surviving with below average income - moving to a high income (>2-3x average) leaves you with enough income to save up emergency fund for 6 months. Source - came from poor background, had to support family earning 3-4x average income.

Your experience is commendable, and I'm glad you've been able to break out of lower income. But this does not match what I've seen with some of my peers.

Re: Twitter Layoff Started Today

#314

Post by honkdaddy »

Hates_ wrote: post #38
yupper32 wrote: post #15

Almost no information here or anywhere else. Any other source? What roles? How many? Edit: 30% of its recruiting team: https://www.wsj.com/articles/twitter-lays-off-third-of-talen...

WSJ has a piece on it. A third of the talent team, which affects fewer than 100. https://www.wsj.com/articles/twitter-lays-off-third-of-talen...

Slightly controversial, but I think most companies could cut the fat from their talent team by 30% and their hiring pipeline would not change. I’ve seen firsthand how a lot of recruiters operate and it’s remarkable how inefficient they can be.

Re: Twitter Layoff Started Today

#315

Post by briHass »

ev1 wrote: post #246
stocknoob wrote: post #113

Earlier quoted context omitted.

Yes, because income tax brackets aren’t progressive (all the income is taxed at 35%, and no standard deduction). People should definitely live a lifestyle with no slack for savings. It’s fault I couldn’t save anything with 3.5x the median household income.

150k is the actual housing and urban development definition of low income in San Francisco. You practically need assistance at that point.

That is a bit misleading.

'Low income' is defined as a household income of 80% of the median ($166K), depending on household size. $150K only meets that for a family size >= 4. There's also 'very low' (50% median) and extremely low (~35% median.)

Re: Twitter Layoff Started Today

#316

Post by justbaker »

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.

I find these people pathetic. An existence of Entitlement has no bounds.

Re: Twitter Layoff Started Today

#317

Post by catchnear4321 »

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’m not that old either. At least I tell myself that. It might even be true.

One doesn’t recognize a well packaged lie overnight. Or at least I didn’t. Took burnout to realize the company I was willing to give it all for never really meant all of those sweet things it told all of us. And that was true long before I worked there. The wrapping was nicer. Have you heard of a “pension?” Some of the older employees, by tenure, would talk about them. They sounded just magical. Wonder where those went. Not the only perk that has vanished with time, but perhaps one of the most notable.

But it took too long to see it. I didn’t really want to. It hurts getting your heart broken.

Re: Twitter Layoff Started Today

#318

Post by UncleEntity »

manyfriends wrote: post #311
UncleEntity wrote: post #281

Earlier quoted context omitted.

> Lower employment for the very young and very old is generally a good thing in places with a robust welfare state… Exactly, I can’t think of any country who has had problems with the majority of the 18-24 year olds not being able to find meaningful employment. Well…except for every single country where this has been the case. It’s not like they will be sitting around with no job prospects looking at the immigrant gr…

Seems like speculation / projection. If your argument about unions and extremism was supported, you’d expect to see a correlation between high union membership and “extremism”. If anything, countries with high union density (Sweden, Iceland, Finland) seem to have fewer extremist parties than low union countries like the United States, The Philippines, and Poland. In the United States, the long-term decline in industr…

> Again, you cited a paper claiming…

I cited no such thing but merely pulled an opinion out of my backside.

I’m really just saying that maybe it isn’t such a good idea to intentionally restrict young people from the job market because they have the exact same right to meaningful employment as anyone else.

Re: Twitter Layoff Started Today

#319

Post by mkr-hn »

lampshades wrote: post #302
mkr-hn wrote: post #299

Earlier quoted context omitted.

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.

What is "it"? As in the ideology, both what it is and what about it is troubling. You didn't answer the question.

Re: Twitter Layoff Started Today

#320

Post by [deleted] »

dmix wrote: post #249
HWR_14 wrote: post #241

Earlier quoted context omitted.

I mean, Twitter is keeping them from liquidating the shares that they already own and have vested. It's easy to imagine that keeping savings in shares of a company as opposed to cash is reasonable. How screwed would most people be if the stock exchanges all closed down and they were fired?

That's a good point and I'm sympathetic but this seems to be an exceptionally rare scenario. Not many companies are in an extended stock-buyout phase by a private entity.

[deleted]
Post reply on HN