241–250 of 308 posts
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I believe the bike-share is their most profitable division. Would it make sense to spin that off? It has a de facto monopoly in many markets it operates in
That's cool, I am just vaguely concerned about it. They seem to have tacitly abandoned it in the East Bay area.
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This is all pretty standard culling. They're just trying to scare people into recession think (i.e. don't try to negotiate a raise) and rehire cheaper outsourced or--get ready for this buzz word--"insourced" labor. Remember, the big tech cos also increased their work force sizes dramatically during COVID, so a more aggressive reduction push is understandable.
What would "insourced" mean exactly? Cheap remote domestic hires?
The term was coined during the Obama era[0] and I've seen it shopped around by a few US dev shops recently. It's also called "near shoring" or "rural outsourcing."
[0]: https://obamawhitehouse.archives.gov/blog/2012/01/11/everyth...
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People have been making these doomer claims since 00s to my memory and all that has been proven since then is we don't have enough software engineers.
I almost feel like coding is currently what typing was 60 years ago. "Typist" isn't really a job anymore, but stenographer and transcriptionist are. Likewise, I think that coding needs to become something basically everyone can do a tiny bit of, but only a relatively smaller group do as their entire job.
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> get 70% or more correct when guessing who will be laid off. What happens when it's the managers themselves who are useless, overpaid, and can't evaluate the team for actual efficacy?
One comment in the Stripe layoff thread was someone who's manager didn't get to put any input into the process. Honestly its funny reading threads like this with people beating their chest about useless coworkers. Instead of thinking of useless coworkers and colleagues, think about what percent of the entire industry that's working on things with no hard output, no interest in profitability, banking on free money tha…
UPD. One more link was located[1]
[0] https://startup.jobs/backend-engineer-all-teams-minsk-lyft-1...
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What would "insourced" mean exactly? Cheap remote domestic hires?
Yes. They hire devs from the Midwest instead of major metro areas. The term was coined during the Obama era[0] and I've seen it shopped around by a few US dev shops recently. It's also called "near shoring" or "rural outsourcing." [0]: https://obamawhitehouse.archives.gov/blog/2012/01/11/everyth...
Ask HN: Isn't recession just mass hysteria ? Layoffs leading to more layoffs leading to the entire economy slowing down ?
In this case, rising interest rates have a very direct negative impact on new investments. As new investments contract, demand shrinks for services across the industry. As demand shrinks, fewer employees are needed and companies need to reduce headcount to avoid overspending relative to revenues. There is a cascading effect, but it would be a mistake to attribute it all to a big psychological mistake. When demand goe…
When interest rates were held low, the planning horizon was very long and we got a huge expansion in future-looking projects. Now that horizon is shrinking and disproportionately impacting the jobs that are associated with future investments rather than ongoing operations.
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What would "insourced" mean exactly? Cheap remote domestic hires?
Yes. They hire devs from the Midwest instead of major metro areas. The term was coined during the Obama era[0] and I've seen it shopped around by a few US dev shops recently. It's also called "near shoring" or "rural outsourcing." [0]: https://obamawhitehouse.archives.gov/blog/2012/01/11/everyth...
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Powell has previously said that he wants higher unemployment. He believes this is the only way to decrease demand and bring down prices. > The labor market continues to be out of balance, with demand for workers substantially exceeding the supply of available workers. The labor force participation rate showed a welcome uptick in August but is little changed since the beginning of the year. FOMC participants expect su…
Zorg-onomics? "Excuse me, sir. The council is worried about the economy heating up. They wondered if it'd be possible to fire 500000. Maybe from one of the smaller companies where no one would notice..." "Fire one million". https://www.imdb.com/title/tt0119116/
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> He's absolutely determined to increase unemployment via rate hikes. either i'm deluded or there has to a better way to run an economy than this...
Their goal is to reduce inflation. Increasing unemployment, is a side effect of rate hikes but ultimately, reduces demand for consumer goods thus reducing inflation.