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Stripe laying off around 14% of workforce

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Re: Stripe laying off around 14% of workforce

#791

Earlier quoted context omitted.

4 months is relatively generous but... > if you can't find a new job in 4 months, it's on you, This statement feels _wrong_. We are all subject to macro trends that we don't have control over. They impact our lives. Even the well off tech people but especially people in other industries.

Is Stripe not also subject to macro trends?

Stripe have macro-level funding and profits; you can't compare an enormous company to an individual.

Re: Stripe laying off around 14% of workforce

#792
post #747

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.

Bless your heart.

Re: Stripe laying off around 14% of workforce

#793
post #525

I know this isn't new or unique to Stripe, but the language used in these announcements to distance leadership from their choices is always so slimy. "We're not 'firing' or 'terminating' anyone; some people are just 'impacted' by our announcement that we have to 'say goodbye'." It makes repeated mentions of those who are "leaving" (the subject is the former employee) and avoids active verbs where the founders are the…

Feel free to write "fired" on your resume if that's what you want, I guess.

Re: Stripe laying off around 14% of workforce

#794

Earlier quoted context omitted.

Can we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.

Quoted post unavailable.

I might be wrong but I think people were saying this long before GOT?

Re: Stripe laying off around 14% of workforce

#795
post #747

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…

I've been a continuously hired coder for 20 years, with zero qualifications, and have never experienced anything but demand even in recession. There's always non FAANG boring crud apps to code.

Your first job would have been at the tail end of the dot com bust. That was a fairly tough time to start. By 04-05 tech was back and has been ever since. Tech didn’t see layoffs, like we are seeing now, in 2008.

So you have 1, maybe 2, data points?

Re: Stripe laying off around 14% of workforce

#796

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?

Apologies for the throwaway account but it's for obvious reasons.

I work at one of the mega-cap tech companies and manage a large team of engineers. It's extremely clear to me based on various pieces of information that I have access to that we'll be having a significant round of layoffs sometimes in the next quarter or two, yet I have zero involvement in the process. I suspect that at some point I'll be officially "told" that it's happening; perhaps the morning of?

Re: Stripe laying off around 14% of workforce

#797
post #690

Earlier 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.

My company is actually hiring senior/staff Clojure devs. https://grnh.se/08cec3bb4us - Senior Engineer https://grnh.se/5c028b554us - Staff Engineer You should take a look and let me know if you have any questions.

Heh, I actually interviewed with Reify during my last job search (where I ended up taking the job I was eventually laid off from). They weren't interested back then :/

Re: Stripe laying off around 14% of workforce

#798
post #633

* 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…

Indeed, they seem to be dealing with a tough situation really well.

Re: Stripe laying off around 14% of workforce

#799
post #101

Earlier quoted context omitted.

i hate this trend of ceos saying they take responsibility. Reminds me of lord farquuad, "some of you may die, but that is a price i'm willing to pay"

"Today, effective immediately, I, Gavin Belson, founder and CEO of Hooli, am forced to officially say goodbye to the entire Nucleus division. All Nucleus personnel will be given proper notice and terminated. But make no mistake. Though they're the ones leaving, it is I who must remain and bear the heavy burden of their failure."

always a relevant quote in tech from one of three things: xkcd, silicon valley, and shrek

Re: Stripe laying off around 14% of workforce

#800

Earlier quoted context omitted.

Ya'll are hyper focusing on the nights and weekends. That was my personal decision, not part of the culture.

Don’t worry. Online forums are always like that. They’ll pretend like they’ve never had a high pressure job that paid out handsomely if you applied yourself and hence motivated you to work harder. To them, they think everyone should have work life balance from the age of 23 just because they’ve discovered its importance at 32 years of age. Young people have to work hard. I don’t expect my reports to work on any eveni…

> Young people have to work hard

If people have to work hard to make a good living in the 21st century that we are now in, then it means that whatever society they are in has failed.

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