771–780 of 1001 posts
Earlier quoted context omitted.
Ya'll are hyper focusing on the nights and weekends. That was my personal decision, not part of the culture.
Actually, with a 3.1 WLB rating, it seems that it likely is very much part of the culture. https://www.teamblind.com/company/Stripe/reviews
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, and didn't have a chance to talk about how well I was doing Usually, these 14% lay off happens to get rid off weaker folks. It is data driven.
When firing 14% staff like more than 1000 and decisions are made by handful of people it’s not about who performed better or worse it’s about firing whom will have more impact on reducing spendings and less disruption in software delivery.
* 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.
Get ready for the definition of 'decent' to get a lot more scary...
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what is "unused PTO" - I thought every company was now on the unlimited/zero PTO model
Unlimited PTO sucks for employees. It isn't the case in every state but some states, including mine, require employers to pay out PTO upon separation. So having unlimited automatically means you get paid out nothing on separation, a bad deal for employees. If you're allowed to take time off, then you have earned it but because of the policy, you don't get to realize the benefit of having earned it upon separation. Un…
That depends on the management. I took more vacation at Netflix than anywhere else (where we had unlimited PTO). But the management made a point of talking about their extended vacations and making sure all the VPs took at least a few weeks of vacation every year to set a good example.
There was no stigma to taking vacation.
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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.
we will hire backfills to replace employees who move on to new opportunities, and there are some targeted places where we will continue to hire people incrementally
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> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can…
Can we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.
* 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…
what is "unused PTO" - I thought every company was now on the unlimited/zero PTO model
They've been doing "layoffs" for quite some time, they've just been trying to keep it quiet. I know multiple people (including engineers) that were let go in the past two months.
Yeah, this is round 2. It would be nice if they retroactively provide this same support to those folks.
Earlier quoted context omitted.
> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can…
Can we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.
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…