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Plaid Layoffs

plaid.com

71–80 of 345 posts

Re: Plaid Layoffs

#71
> Macroeconomic conditions have changed substantially this year. Despite being well-diversified across every category of financial services, we are seeing customers across the industry experiencing slower-than-expected growth.

sry for the stupid question, but does anyone have a good breakdown/video/article/explanation on the market change? I have some idea, but I'm not a pro.

Re: Plaid Layoffs

#72

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).

Certainly not referring to the people that just lost their jobs as "Plaids". Yuck

Re: Plaid Layoffs

#73
Lay-offs still seem to be happening left right and centre as we get closer to Christmas. In my experience (UK), recruitment grinds to a halt from around the 20th until the New Years. Anyone in a more saturated job market who would usually struggle a bit to find something is going to be in for a really sour Christmas.

I don't suppose there's much that can be done, without possibly making the situation worse, but the timing really does suck for those impacted.

Re: Plaid Layoffs

#74

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…

In the chimpanzee world, this would be handled differently. In chimp world, when alpha chimp causes chaos that brings down the community, a group of beta chimps will tear apart alpha chimp limb-by-limb, then they elect a new alpha from the group of beta subversives. This also how the organized crime works - leaders get a lot of benefits, but they also get the downside accountability when they fuck up ("skin in the ga…

You have the analogy wrong though. The other apes in the corporate world are the shareholders, not the employees. The employees are the sticks the chimps use to dig up termites.

Re: Plaid Layoffs

#75
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!"

Standard bubble nonsense. The kind of thing you will look back on 5 years from now and remember the good ol days and the absurdity of the bubble times.

We went way beyond the dot com bubble in all regards. The hangover of this much partying sucks.

Re: Plaid Layoffs

#76

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…

aside from the funny proper noun, how should things be handled differently? why do people think that corporations' primary goal should be to maintain employment of everyone in their company, that there's some sort of moral imperative to do so? is this just because social media has been pretending that corporations are people for so long now that we've forgot that they actually aren't?

Re: Plaid Layoffs

#77
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?

Divorces can be ugly.

But the thing is that people being cut off aren’t part of the cult anymore. Starting the conversation with the in group name is not just bad form, it probably also starts the rest of the people wondering if that name means anything anymore.

Maybe nobody is actually a Plaid except the board members. The rest of us are merely The Help, being coddled to extract more concessions from us.

Re: Plaid Layoffs

#78

> approximately 260 talented Plaids "Plaids" This joins the list of Googlers, Xooglers, Nooglers, Amazonians, Tweeps, Krakenites, what else?

Any word except "employee", because that makes people think too much about contracts and worker-boss relationships. We're all cool people with a cool name here! Nobody is merely an "employee"!

It's not just in the software industry, by the way. Most companies in the US call their employees by anything other than "employee". I assume it's a subtle union-busting doublethink tactic.

I may have some wrong but

* Starbucks employees are "partners".

* Target employees are "team members"

* Disney park employees are "cast members"

* Burger King employees are "team members"

Re: Plaid Layoffs

#79
I know this feels trite but do other industries do a better job of messaging layoffs?

I was laid off from a non-tech company in 2006-2007. There was no message from the CEO, no public admission of fault, etc.

We knew the layoffs were coming. On the Friday of the layoff, my manager came around and took me to the HR office. I stood in line with others to sign some paperwork. I was then escorted back to my desk to collect my things and walked outside. My commute was about 1.5 hr and had I known, I wouldn't even have bothered showing up. The company laid off about 15% of its workforce. There wasn't any sign of contrition on part of the CEO. Heck even the HR people didn't seem to care.

Perhaps our standard of how to do these have changed?

Re: Plaid Layoffs

#80

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…

I honestly think they are starting to use a template or a generated text via some kind of service like ChatGPT
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