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Stripe laying off around 14% of workforce

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Re: Stripe laying off around 14% of workforce

#991
post #320

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"

What do you suggest?

just don't use that word, just state the facts.

Re: Stripe laying off around 14% of workforce

#992

Earlier quoted context omitted.

I have actually received performance review notes at my current and former job (both with unlimited PTO) for not taking enough PTO... But in both cases, the CEOs actively encouraged PTO. At my current job, people take PTO regularly (several people at my department have taken roughly 3-4 months of PTO over the course of the past 12 months, and were promoted). What matters isn't time-in-seat, but whether tasks get done…

That's wonderful they emphasize that so strongly. I hope the rest of the culture is as healthy. If so, it sounds like a lovely place to work.

It's a great place to work (now).

They actually have difficulty hiring people though because it wasn't a great place to work under the previous CEO a few years ago, so the Glass Door score is pretty low, and it's been slowing edging up over time. But it's gotten to the point where about half of the people who leave for greener pastures end up coming back within 6 months.

Re: Stripe laying off around 14% of workforce

#993
post #930

Earlier quoted context omitted.

> recent news of other tech companies making their employees work nights and weekends Are there any companies aside from Twitter that would fall under this? Because that's the only one I've seen mentioned in the news that way, but you make it sound like there are plenty others. So I was curious if I simply missed something.

Startups. If they do the math and the trendline doesn't seem good, they'll make their teams go through a grind before layoffs. It's not necessarily to eke out a bit of productivity, per se, but they're essentially throwing hail marys in the hope that something will happen. Of course, when it inevitably doesn't they axe a few and the rest go back to work.

Fair, I agree. For SV startups though, "working day and night" seems to be a fairly common scenario, not specific to these past few months.

Re: Stripe laying off around 14% of workforce

#994
post #799
post #101

Earlier quoted context omitted.

"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

s/shrek/arrested development/ for me

Re: Stripe laying off around 14% of workforce

#995

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-...

As a Kiwi who left NZ, I strongly suggest looking elsewhere. Wages are just terrible for an OECD nation and unlikely to improve any time soon. This is exacerbated by system issues to cost of living. Everything from food to housing will shock you. I could go on at length about other issues, but I would recommend Australia LONG before NZ.

Thanks I was actually considering NZ as the next destination. I do think though that this is currently the case pretty much everywhere you go. In Singapore for instance the flats that were rented last year are currently 40% higher.

Why Australia?

Re: Stripe laying off around 14% of workforce

#996
post #690

Earlier 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.

My company (AppsFlyer) does a ton of Clojure work, and I think they'd love to talk (though most of our R&D is in Israel). Doesn't look like they have an open position in the US listed, but I'll send this message to some of our senior Clojure people and see whether they want to talk more with you.

Re: Stripe laying off around 14% of workforce

#997
post #448

I would like to offer some tips for those faced with the potential of layoffs that I have compiled. I understand much of these come too late for those already affected, but for those worried about the prospect, these can help to ease the pain if it does happen: • Check if your company pays out unused PTO, sick days, etc as cash. If they do, do not use any of the applicable type(s) unless you are going to lose it. • H…

You say 40+ interviews. Is this something you've done? I did 10 last time I was on the market that was about my limit. 40 sounds like it would take inhuman stamina.

I did about 30 interviews last time I was job hunting. It wasn't all at once, I would interview in waves: at most 3 final interviews a week. Doing that along with a full time job is definitely tricky, but with virtual interviews its manageable to stuff it in to your schedule.

There are a few reasons why I did this:

* Unless you have a strong connection or are industry (semi) famous, you're gonna get a _lot_ of rejections from most companies. Interviews aren't a very good way of assessing suitability for a job. You might get the wrong folks, interviewer or you might be having a bad day. Generally a single interviewer can tank the candidate with a thumbs down.

* The _only_ way to negotiate is with another offer in hand. This is just industry policy. Recruiters will tell you to your face that they are powerless to change the offer unless you give them a competing offer. Under these circumstances, you're forced to get as many offers as you can, and then play them against one another.

Re: Stripe laying off around 14% of workforce

#998

I would like to offer some tips for those faced with the potential of layoffs that I have compiled. I understand much of these come too late for those already affected, but for those worried about the prospect, these can help to ease the pain if it does happen: • Check if your company pays out unused PTO, sick days, etc as cash. If they do, do not use any of the applicable type(s) unless you are going to lose it. • H…

Most important bullet point whenever you are leaving a company: * Never sign anything! Unless there is a substantial check attached, you have no reason to sign any agreement with the employer you are leaving. Politely refuse, and if they insist, ask for compensation.

You need to sign a separation agreement to get severance and other such benefits.

Re: Stripe laying off around 14% of workforce

#999
post #995

Earlier quoted context omitted.

As a Kiwi who left NZ, I strongly suggest looking elsewhere. Wages are just terrible for an OECD nation and unlikely to improve any time soon. This is exacerbated by system issues to cost of living. Everything from food to housing will shock you. I could go on at length about other issues, but I would recommend Australia LONG before NZ.

Thanks I was actually considering NZ as the next destination. I do think though that this is currently the case pretty much everywhere you go. In Singapore for instance the flats that were rented last year are currently 40% higher. Why Australia?

+50% higher wages for the same role. Many more career opportunities. The nation is not only richer, but has a much more dynamic business culture and four times the population as New Zealand. Lower cost of living. Far better amenities and infrastructure in the cities. Lower cost of housing relative to wages. Nicer/friendlier culture. If you're single, Australia has BEAUTIFUL women compared to NZ. Australia FAAAAR better weather. A bit too hot for me in summer but NZ winters are grey, cold, wet, and miserable. Housing stock in NZ is utter shit. I'm talking cold wind blowing up through the floorboards with 100% humidity inside. I lived in many homes in NZ before leaving and in every single one I would wage up with wet windows, blankets, bedding, etc., and only spending astronomically on heating would resolve it. NZ has really terrible rates of childhood respiratory illnesses for an OECD nation for this reason.

Public transport is SO SHIT. You'll be driving everywhere. If you end up in Auckland (which you probably will), prepare for a two hour commute each way unless you live in the city. I'm not joking. Unfortunately, you don't want to live in Auckland city because it's dirty, lacks amenities, is stupid expensive for the terrible apartments, and is actually really dangerous now. The Labour government has spent five years trying to reduce the prison population, and people are rarely given prison terms anymore. People are getting regularly assaulted now and perpetrators are being sent through a "restorative justice" procedure designed to keep them out of prison. In practise this means sending a letter to their victim and doing a few hours of community service.

Gangs are a regular part of life in New Zealand now. There are members in parliament with family gang ties. Unsurprisingly, gangs are getting a free pass. This is one of my favourite headlines from the last few years: "Govt funding for gang-run meth treatment programme cleared" (https://www.rnz.co.nz/news/national/450633/govt-funding-for-...). Spoiler: they were importing meth (https://www.stuff.co.nz/national/crime/130267411/antidrug-mo...).

The health system is juuust about to collapse. I don't mean that in the modern colloquial sense. I mean thousands and thousands of staff are missing from critical positions all over the country. People are dying now. If you go to the hospital for assistance, unless you're actively dying, you could be sitting in the waiting room for days before some intern hurriedly gives you a painkiller and sends you home. NZ had a funding freeze for all healthcare workers during covid. Why? God knows. Similar issues exist in the fire service. There was one day when only four emergency line operators were on the phones for the whole country of five million people.

This one you might find controversial, depending on your politics. The current Labour government is ALL IN on racial politics. New Zealand has something called the "Treaty of Waitangi." A document signed between some Maori tribes and England a couple hundred years ago. Property disputes are still happening. The government occasionally gives these tribes billions of dollars in reparation. This might be okay, but they're getting really aggressive more recently. At the moment they're trying to pass something called the "3 Waters" bill where they give half the governing rights to drinking water in most major population hubs to a small group of Maori tribes. Permanently give away control based on race. This is in addition to them setting up a separate health system based on race. I have a colleague in government in New Zealand who has to use Maori words in official communications now, in addition to saying Maori prayers each morning, and regular mandatory Maori "cultural knowledge" training. As you might expect, they are taught that science is a "racist white construct, and traditional Maori knowledge is just as valid." So now the government pays millions of dollars when building roads to consult local Maori taniwha (spirit monster) hunters. Just to ensure that the taniwha are happy.

I could go on and on and on. I'm glad I left. I strongly urge you not to go unless you are independently wealthy and love the outdoors. NZ outdoors is really nice.

I guess this turned into more of a rant. Something like 800k Kiwis live in Australia. There is a very good reason for this.

Re: Stripe laying off around 14% of workforce

#1000
post #959

Earlier quoted context omitted.

Right. A SWE I-IV might be easily able to step into another job, even another job with a similar comp level. But lots of folks, even tech folks, cant do it as quickly. Director of QA? Might be tough and you'll likely turn down 10 manager of QA roles that want you to do hands on work along the way. UX Research? You have a specific skill set that might be very useful at a large company but a lot of companies will want…

> Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll. Oh, the woes of dropping from 98th income percentile to 95th...

I know you are joking but dropping from 250K to 125K is a significant life change and while you would still be fine in most of the US it could be really damaging for many families.
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