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Plaid Layoffs

plaid.com

51–60 of 345 posts

Re: Plaid Layoffs

#53

Dear Floofernistas, This is the hardest thing I have ever done. The market changed - I thought we would make more money, now I think we will make less money. Therefore we have discovered that we don't need all of you. If you aren't needed, here is some money. I hope this is enough money that the internet isn't too mad at me. Remaining Floofernistas, please be kind to the ex-Floofernistas, and help them. Again, I am s…

What's the better response here? (Other than not over-hiring in the first place).

Re: Plaid Layoffs

#54
post #33

Earlier quoted context omitted.

why?

Because the UK is in Europe. Makes as much sense as a Japanese company referring repeteadly to employees in New York and/or the United States.

The UK and EU would be better? From a business perspective, Europe and EU are the same thing, and the UK is not part of the EU anymore.

Re: Plaid Layoffs

#56

Dear Floofernistas, This is the hardest thing I have ever done. The market changed - I thought we would make more money, now I think we will make less money. Therefore we have discovered that we don't need all of you. If you aren't needed, here is some money. I hope this is enough money that the internet isn't too mad at me. Remaining Floofernistas, please be kind to the ex-Floofernistas, and help them. Again, I am s…

What's incredible is how much better these messages are than some of the earlier attempts we saw, which were cloaked in business-speak to the point where what was happening was totally unclear. There were also some companies that tried to just do it with no formal announcement. That generally went poorly.

Re: Plaid Layoffs

#57
post #37
post #28

What delusional playbook does every tech leader get the idea to refer to their employees by cringey names like "Plaids" or "Metamates" in serious memos like this? Imagine if your physician did this... "Hey there KaiserPermanientoid! You have cancer!"

It's all part of the cult of personality. "We're all a family." Remind me, when was the last time your father just cut out half of the family?

My family cut out the underperforming father when I was younger. Does that count?

Re: Plaid Layoffs

#58
post #2

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

The impression I got is that they offer a pretty generous severance package and I appreciate their transparency. If I were to apply for a job here during better times I would see this post to judge the company's character.

No post body was provided.

Re: Plaid Layoffs

#59

Dear Floofernistas, This is the hardest thing I have ever done. The market changed - I thought we would make more money, now I think we will make less money. Therefore we have discovered that we don't need all of you. If you aren't needed, here is some money. I hope this is enough money that the internet isn't too mad at me. Remaining Floofernistas, please be kind to the ex-Floofernistas, and help them. Again, I am s…

Is it the company's responsibility to employ people until it runs out of money?

Are you certain that "here is some money" is just to keep the internet anger at bay?

Do companies exist to protect their employees, or to provide something useful for their customers?

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