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Stripe laying off around 14% of workforce

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Re: Stripe laying off around 14% of workforce

#971

Earlier quoted context omitted.

Both are instances of trying to get the best deal, just as employees do when negotiating salary, so there isn’t anything hypocritical there.

The shaming of employees when they jump multiple times while simultaneously celebrating companies doing mass layoff is the textbook definition of hypocrisy.

What shaming? A candidate likely to job-hop is just less valuable.

Re: Stripe laying off around 14% of workforce

#972
post #636

Earlier 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. If they handle it well and offer a generous package when you're laid off, then it's a positive signal that you'll be treated fairly and that they genuinely didn't want to have to let you go. In that case I might consider it.

If they handle it poorly, then not a chance.

Re: Stripe laying off around 14% of workforce

#973
post #923

Earlier quoted context omitted.

It is time to apply jobs in New Zealand. Economy is strong, easy pathway to be permanent resident. Oh, and it is a beautiful country with super friendly people. https://www.immigration.govt.nz/new-zealand-visas/apply-for-...

Low salaries, super expensive and poorly built housing, are just some of the complaints I’ve heard. I mean there is a reason why so many Kiwi’s go work in Australia.

I left NZ to go to Australia. Hated those 5 years living in Sydney. Sydney is one of the worst places I’ve been. If the choice is anywhere in NZ and Sydney I would pick NZ hands down.

Singapore on the other hand. Best 10 years ever.

Edit: the rest of Australia is nice. Especially people in Brisbane. My comments and negativity is to Sydney which is a horrrible place to live and work.

Re: Stripe laying off around 14% of workforce

#974
They way Stripe is handling this is orders of magnitude better than how Twitter will do. Elon once said something along the lines of "It's not just important how smart one is, but also how good a person they are". So far I see he's handling it poorly.

Re: Stripe laying off around 14% of workforce

#975

Earlier quoted context omitted.

"Unlimited PTO also discourages using PTO because nobody wants to be seen as the person taking the most vacation" This fallacy needs to die. When I was at GE everyone in my blast radius took at least 1 month per year. Many took much more than that. There was no stigma.

It's not a fallacy. It's true, and obviously true. It may not be true everywhere , but every company I've worked in that had "unlimited" PTO had far fewer vacation days taken than companies with a limited allocation of days.

I recall reading that, statistically, you are correct.

Re: Stripe laying off around 14% of workforce

#976
post #559

Stripe stresses me out. I really cringe worrying about having too many financial eggs in the Stripe basket. But Paypal is no alternative and traditional CC processors are awful. How does one hedge their bets with Stripe? I worry one day we'll hit some transaction "trigger" and then all our money will get locked up in Stripe with no customer support recourse. I fear being "too successful" with no recourse if I depend…

How is PayPal no alternative? Stripe is the alternative to Paypal. Or are things different in the US?

Not sure if you've been following along, but Paypal is becoming increasingly horrendous: https://news.ycombinator.com/item?id=33462658

Re: Stripe laying off around 14% of workforce

#977

Stripe stresses me out. I really cringe worrying about having too many financial eggs in the Stripe basket. But Paypal is no alternative and traditional CC processors are awful. How does one hedge their bets with Stripe? I worry one day we'll hit some transaction "trigger" and then all our money will get locked up in Stripe with no customer support recourse. I fear being "too successful" with no recourse if I depend…

What's wrong with PayPal?

You might want to read the comments: https://news.ycombinator.com/item?id=33462658

Re: Stripe laying off around 14% of workforce

#978

Earlier quoted context omitted.

It could be as well that it's an European thing. At least over here work is just work (9 to 5, or less if possible), so we prefer to spent life with friends and family. Yeah, we don't earn $500K/year, but that's alright.

This feels odd to read as an American. I have a hard time understanding how anyone could make the next AWS on just a 9-5

People may have no desire to build the next aws. That is fine too. He’s not claiming to have a world changing job.

Re: Stripe laying off around 14% of workforce

#979
post #559

Earlier quoted context omitted.

How is PayPal no alternative? Stripe is the alternative to Paypal. Or are things different in the US?

Not sure if you've been following along, but Paypal is becoming increasingly horrendous: https://news.ycombinator.com/item?id=33462658

Not sure if increasingly, and not sure at all that stripe won't be equally bad when they reach that scale. Paypal is not bad in my experience

Re: Stripe laying off around 14% of workforce

#980
post #601
post #469

Earlier quoted context omitted.

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…

> Say we're shutting down the self-driving car division, folding up recruiting, or choosing to accept the risk that comes with getting rid of the whole security team. Did you intend this to be a spit take? The sentence read about the same as “Say you’re taking a stroll around town, visit a few cafés, or decide to end the day by jumping into an active volcano.”

frankly, as someone who is absolutely not a security expert but who pays attention to security concerns, most security efforts provide very little business benefit.

What was it Steve Yegge said in that legendary platforms rant?

"But I'll argue that Accessibility is actually more important than Security because dialing Accessibility to zero means you have no product at all, whereas dialing Security to zero can still get you a reasonably successful product such as the Playstation Network."

Even if you get bit by a huge data leak, it's just not going to matter that much (from a business perspective) if you already managed to become a big, significant part of the world (like PSN or Equifax - they're still around today, largely unimpacted by their screwups).

If you don't manage to become a big, significant part of the world, security successes or failures just won't matter that much. You don't have a lot of value, because you don't have a huge treasure trove of data, so you're not a primary target for most attackers. You'll sit there being irrelevant, and if there is a breach someday, probably neither you nor any of your handful of customers will actually notice."

Am I content that the world functions this way? No.

But I think it's important to recognize that it does.

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