Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Plaid Layoffs

plaid.com

Post reply on HN
Print view View original

121–130 of 345 posts

Re: Plaid Layoffs

#121

Post by bombcar »

Calvin02 wrote: post #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 colle…

Tech companies are valued on a house of cards (many of them) and so the investors are spooked by layoffs, so the CEO feels they need to say something.

This isn't present in many other companies, though the largest ones will still say something to not spook the shareholders.

Layoffs from small companies are rarely heard of outside the company, but we hear about small tech companies because of the investor aspect.

Re: Plaid Layoffs

#122

Post by idontpost »

vorpalhex wrote: post #114
game_the0ry wrote: post #61

Earlier quoted context omitted.

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…

And uh, you volunteering to be the first CEO under this daring new model of yours?

No post body was provided.

Re: Plaid Layoffs

#125

Post by time_to_smile »

boringg wrote: post #70

I get that layoffs seriously are terrible but a lot of these tech companies are providing some pretty seriously nice exit packages. I fail to understand the amount of acid in the comment thread? Layoffs suck, corporate speak is always cringey. What would people want as alternatives outside perfectly executed business plans that don't have layoffs? Handheld individual exit goodbye packages? Im seriously asking for leg…

> perfectly executed business plans that don't have layoffs?

Plaid was actively recruiting 2 weeks ago.

In spring I (and many other people) knew these types of layoffs where coming to tech this fall, the current economic situation was not some unforeseeable event. Nobody in their right mind thought the early pandemic rapid growth was healthy or sustainable. Growth for growth's sake has always been a ridiculous strategy.

This isn't a case of "less than perfect" business plans, this is people ignoring every macro economic indicator and running the ship full steam a head when this is clearly reckless behavior.

The frustration is because this reckless behavior always has consequences for someone else, which is why it continues.

Re: Plaid Layoffs

#126

Post by idontpost »

bobmaxup wrote: post #64
hinkley wrote: post #46

Earlier quoted context omitted.

Narcissists think the worst punishment in the world is having to admit they were wrong about something. Not cleaning up their messes, of course. That’s still on everybody else. They’re too busy contending with this harsh reality of not being right all the time. Which means if anyone says they take full responsibility, they’re either saying “I’m a big fat narcissist” or that they imprinted on narcissists, so all of th…

> Which means if anyone says they take full responsibility, they’re either saying “I’m a big fat narcissist” or that they imprinted on narcissists, so all of their mentors were. Kind of a stretch, no?

No post body was provided.

Re: Plaid Layoffs

#127

Post by bombcar »

1234letshaveatw wrote: post #72
aperson_hello wrote: post #53

Earlier quoted context omitted.

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

They're ex-plaids. Some dark humor could be done with a Monty Python sketch about a parrot.

Re: Plaid Layoffs

#128

Post by jdnffjvnv »

game_the0ry wrote: post #61
monero-xmr wrote: post #19

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…

Are you advocating for mob violence against CEOs for laying people off?

Re: Plaid Layoffs

#129

Post by harveywi »

game_the0ry wrote: post #61
monero-xmr wrote: post #19

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…

Tired: effective altruism

Wired: agAPE

Post reply on HN