461–470 of 1001 posts
Earlier quoted context omitted.
No amount of money would make the stress of 3 jobs worth it to me. To constantly be letting down people around me would be depressing, don't care if I'm making 500k/yr.
A single Stripe E3 role (senior eng) can pay over $500k/yr.
Earlier quoted context omitted.
Just like companies are using the cover of "inflation" to jack up prices (and profits) regardless of if they have cost increases or not
Who doesn't have cost increases?
Earlier quoted context omitted.
Probably because they were scared of losing their job and were being asked to work harder.
Or they are a self motivated high achiever.
Earlier quoted context omitted.
The problem with that is that in some cases there's really nothing else someone can do. If they are a recruiter, and the company is no longer hiring, keeping that person around doesn't help anyone, including that person. Honestly the way Stripe is handling this seems pretty good. They are telling you now that you have until March to find a new job. They are essentially doing what you suggest, without making them come…
This might sound wild, but maybe the decent thing to do is if the company warns the team months in advance that a purge is coming. Let those who need to leave, leave. Quietly tell those who you really want to remain that they should not fear.
Letting people who are likely angry having access to company resources and financials being able to make real damages to Stripe's customers.
Companies want to keep high performers. Voluntary layoffs is a very dumb move.
I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn't have a chance to talk about how well I was doing or take any part in the decision making. We'll at least I'll get a break. I worked nights and weekends all of October.
> Sucks because my manager was only told this morning As a manager I find their really curious. I guess they were trying to avoid leaks. I wonder how they chose who to lay off. Most recent performance rating? Next level managers impression?
Our managers also had no idea until day of. The entire day was spent watching co workers google calendars and slack accounts. Once they got a meeting booked with HR, their meeting titles all turned into "busy", so we would know who is getting cut and who wasn't. It was a brutal day.
In our case I don't think they were picking people based on performance whatsoever. It seemed to just be about who was paid the best and who in the org structure could have their job removed and someone else take over. Really weird.
Earlier quoted context omitted.
They are doing what any company does whether the slow down in the economy impacts them or not. They lie and say it impacts them and use it to do a purge. I worked at companies that were in no way impacted by the 2008 financial crisis (in fact, business was booming). Leadership managed to use it as an excuse to do a hiring freeze and plead with existing employees that they are the lucky ones and they need to work hard…
I have a term for this, that I think I may have coined. The pauper CEO. You'll find him during economic downturns or at the end of successful projects, turning out his pockets and shaking his head. He was rich when he wanted to hire you, fabulously wealthy during the time you put the long hours in and will be located in the poor house when it comes time for you to collect your share of the rewards.
I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn't have a chance to talk about how well I was doing or take any part in the decision making. We'll at least I'll get a break. I worked nights and weekends all of October.
Ya'll are hyper focusing on the nights and weekends. That was my personal decision, not part of the culture.
I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn't have a chance to talk about how well I was doing or take any part in the decision making. We'll at least I'll get a break. I worked nights and weekends all of October.
> Sucks because my manager was only told this morning As a manager I find their really curious. I guess they were trying to avoid leaks. I wonder how they chose who to lay off. Most recent performance rating? Next level managers impression?
"Ideally", your layoff strategy dictates some cuts regardless of performance: Say we're shutting down the self-driving car division, folding up recruiting, or choosing to accept the risk that comes with getting rid of the whole security team; sadly, the performance of the individuals involved isn't really considered.
Tenure, seniority, and comp are also factors that can come into play & are straightforward to establish without lower-level involvement.
This is the part I don't like. Stripe is a hugely successful company and they have no urgent material need to let people go. This is an optimization effort. I actually do believe that 'pruning' is a healthy thing for organizations, to enable them to be nimble and dynamic - however - obviously this comes at great social cost. The benefits of 'pruning' come at the cost of externalizing regular, creating real human chal…