Earlier quoted context omitted.
It's a business, not a charity. Their goal is to optimize.
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The employees are also technically shareholders, no?
Stripe laying off around 14% of workforce
721–730 of 1001 posts
Re: Stripe laying off around 14% of workforce
#722Earlier quoted context omitted.
I was laid off at the beginning of October and still can’t find anything. It’s definitely a buyer’s market for senior level engineering talent.
Amazon and Google are always calling, even now I gets emails from both. Amazon recruiters just spam me. Shoot your shot there if interested
They're not really serious.
Re: Stripe laying off around 14% of workforce
#723Earlier quoted context omitted.
> You give your 4-5 years to a company and the company dumps you at the first sight of hardship. You got paid every month for those 4-5 years right? That's the settlement of what the company owes you for the time you gave them. I've had this point of view for a long time. Every payday, you and your employer are even. If you feel that you are giving your employer more than they are giving you, you need to negotiate a…
People tend to get emotionally attached to their workplaces and changing it is difficult sometimes. We know business is business. If companies act this way, they should also expect zero employee loyalty.
What you mean to say is "this is why there is zero employee loyalty". Employee loyalty is a concept from an era where it was commonplace, but it always had to be earned. So, here we are.
Re: Stripe laying off around 14% of workforce
#724* Severance pay. We will pay 14 weeks of severance for all departing employees, and more for those with longer tenure. That is, those departing will be paid until at least February 21st 2023. * Bonus. We will pay our 2022 annual bonus for all departing employees, regardless of their departure date. (It will be prorated for people hired in 2022.) * PTO. We’ll pay for all unused PTO time (including in regions where tha…
I was laid off at the beginning of October and still can’t find anything. It’s definitely a buyer’s market for senior level engineering talent.
Took me ~3-4 months of steady work, but good things are still out there.
Re: Stripe laying off around 14% of workforce
#725Earlier quoted context omitted.
What sort of engineer are you and how many years of experience?
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.
Amperity in Seattle uses Clojure
Re: Stripe laying off around 14% of workforce
#726Earlier quoted context omitted.
I was laid off at the beginning of October and still can’t find anything. It’s definitely a buyer’s market for senior level engineering talent.
Amazon and Google are always calling, even now I gets emails from both. Amazon recruiters just spam me. Shoot your shot there if interested
Recruiters are always willing to waste your time especially since their job is to provide their employers options, and besides they need their pay as well. If they aren't recruiting, then they aren't justifying their own salaries. So while you might be getting interview or connection requests, that doesn't correlate to actual hiring.
Re: Stripe laying off around 14% of workforce
#727Earlier 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?
Depends on how much I liked the job and if there was any hope of being paid what I'm paying now.
I can think of three jobs I would happily go back to if they paid what I get paid now (and the companies still existed). One game dev company, one game publisher, and one retail job, where I mostly chatted with other employees, stocked and cleaned up shelves, and helped about a 1-2 dozen customers a night.
My current job I might be willing to come back to at some point if I left it. It has some warts, but it's been pretty good overall.
Other past jobs, not unless they paid 50-100% more than I'm making now. Nothing against them necessarily, but I wouldn't want to have that job again.
Re: Stripe laying off around 14% of workforce
#728Earlier quoted context omitted.
There’s also no lack of buyers for stripe on secondary markets.
whether you can sell on secondary markets is restricted by the company. pretty sure Stripe has not let most employees sell on secondary markets. personally have not seen them solicited on Forge or EquityZen myself.
How do they prevent you from selling on the secondary market? Would love to see that clause on their options agreement. Most companies have first right of refusal which gives them the option to buy them first.
Re: Stripe laying off around 14% of workforce
#729* Severance pay. We will pay 14 weeks of severance for all departing employees, and more for those with longer tenure. That is, those departing will be paid until at least February 21st 2023. * Bonus. We will pay our 2022 annual bonus for all departing employees, regardless of their departure date. (It will be prorated for people hired in 2022.) * PTO. We’ll pay for all unused PTO time (including in regions where tha…
I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. I do agree this is generous af.
Most companies just give out minimum severance. No acceleration of vesting. Healthcare continues for maybe 1-2 months. I know at my current company, I will lose all PTO.
Re: Stripe laying off around 14% of workforce
#730* Severance pay. We will pay 14 weeks of severance for all departing employees, and more for those with longer tenure. That is, those departing will be paid until at least February 21st 2023. * Bonus. We will pay our 2022 annual bonus for all departing employees, regardless of their departure date. (It will be prorated for people hired in 2022.) * PTO. We’ll pay for all unused PTO time (including in regions where tha…
That’s really cool of stripe. That’s a comfy launchpad for your next job search.