> we’ll be supporting transitions to non-employment visas wherever we can.
wtf is that even?
Stripe laying off around 14% of workforce
711–720 of 1001 posts
Re: Stripe laying off around 14% of workforce
#712Earlier quoted context omitted.
Would anyone go back and work at an office where they were laid off?
Sure, depending on the circumstances. Had a friend just start back at a company in a different city after leaving for a couple years. He left mainly because of a bad manager the first time. That wasn't being laid off, but it's similar. Sometimes companies need to do layoffs to survive, or they merged and have duplicate roles. Lots of reasons. It makes sense to take care of good talent that have to be let go in case t…
leaving on your own terms is most definitely not being laid off. not even close.
Re: Stripe laying off around 14% of workforce
#713Earlier quoted context omitted.
Amazon and Google are always calling, even now I gets emails from both. Amazon recruiters just spam me. Shoot your shot there if interested
Amazon announced a corporate-level hiring freeze just today, FYI.
Someone should tell the two recruiters in my inbox...
Re: Stripe laying off around 14% of workforce
#714Earlier quoted context omitted.
16 years. Working at the Senior/Staff level. Most recently Clojure work. I’ve done a lot of Java of course, although I’ve been rejected from some of those jobs because I spent the last year doing Clojure full time instead of Java.
yeah, it gets to be tough once you get over the 10 to 15 year mark. Alot of companies probably prefer younger folks.
I erase years off my resume
People expect the 10 year engineer to be a 10x engineer lol
Re: Stripe laying off around 14% of workforce
#715Earlier quoted context omitted.
Anyone who has been there for a decade had options and has already cashed out. Folks who are getting screwed are the ones that joined in ~2017 when they started issuing RSUs instead of ISOs.
Why? I always thought RSUs were better than ISOs
They’re double-trigger RSUs, to avoid tax liability pre-liquidity.
Re: Stripe laying off around 14% of workforce
#716Earlier quoted context omitted.
Makes sense. There is an expectation that they might want to welcome some of these people back at some point.
Would anyone go back and work at an office where they were laid off?
Definitely.
We laid a ton of people off due to Covid. One year later back in business, hired most of them back.
Re: Stripe laying off around 14% of workforce
#717Earlier quoted context omitted.
Amazon and Google are always calling, even now I gets emails from both. Amazon recruiters just spam me. Shoot your shot there if interested
Amazon announced a corporate-level hiring freeze just today, FYI.
Recruiters are actually slow in this development, because it happens last night after 8 PM PST.
Effectively no offer would be able to generate through the system.
I would say the Amazon spam will go away for next 6 months if not longer.
Re: Stripe laying off around 14% of workforce
#718Earlier quoted context omitted.
> 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?
Yes, it's normal for layoffs to be planned and executed by a very small group, typically to avoid leaks or creating hysteria ahead of decisions being finalized. This in turn means less-than-perfect information is available, and so less-than-scientific cuts are made. "Ideally", your layoff strategy dictates some cuts regardless of performance: Say we're shutting down the self-driving car division, folding up recruitin…
It's even more common to hire one of the big consulting firms to do most of this. Every layoff at large companies I've been involved with was done via a Bain, BCG, etc...
Re: Stripe laying off around 14% of workforce
#719Earlier quoted context omitted.
Yep, it is. Lot's of jargon. But it's the jargon used every day, by everyone up and down an org, in an attempt to be polite. It's not an attempt to use new language in a way as to absolve themselves of responsibility. Give them a break, they probably (rightly) have their egos and lives wrapped up in this business and feel kind of stupid right now. Just because they are successful it doesn't mean they are robots. It's…
This isn't about "jargon" being used to "be polite". "Jargon" is specialized terminology which may not be understood outside of a group or context. "We took an existing encoder-decoder transformer model from huggingface and slapped a token-level classifier head on it" is lot of jargon. By contrast, everyone understands what "let go" means. The reason for choosing to say "let go" vs "terminated" isn't to "be polite".…
This is a cynical take. If you assume for a minute they are half decent guys, it reads differently - they accept responsibility and give some context.
Re: Stripe laying off around 14% of workforce
#720Earlier 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.
This is a very good way to destroy a company: every top performer will jump ship in the week (or 15 minutes if it's still an employee's market) she catches wind of the purge.