291–300 of 345 posts
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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?
More often than you'd think. The best retort to "We're all a family" is "You obviously haven't met my family, or you wouldn't be saying that."
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I don't understand the concept of overhiring tbh. Especially for pretty level-headed services like Plaid or Stripe who have very concrete products and do not engage in pie-in-the-sky metaverses. Surely well-run fintechs can plan their work better without wasteful and dramatic swings?
> Surely well-run fintechs can plan their work better without wasteful and dramatic swings? No, because it's really, really hard. During periods of economic upheaval, nobody can reliably predict where all of the inputs into their business, and the demand for outputs of their business are going to be six months from now. (If they could, they should shut down all the 'productive' parts of their business, and just run a…
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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…
What if this is not a mistake? If you have 5 people and 10 projects, you hire 5 more to meet the need. If 4 projects go away, you fire 4 people as some would have nothing to do. Where is the mistake? I’m not saying it is always like this and the scenarios above is simplified to illustrate a point. However, it would be silly to assume all companies always grow in headcount, and any downsizing is the CEO somehow messin…
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…
If you were the CEO of a company that needs to lay people off, how would you handle it differently.
Except in exceptional cases, that is not this one, waiting for the beginning of January will not change things so much for the business but it would avoid depression of employee by having celebration ruined for the employee and probably his whole family!
Why is it done like that and now? Probably because they want to be able to announce "good financial news" for the year 2023 or the new quarter...
ChatGPT for layoff announcements > generate a notice that approximately 4000 people are going to be laid off Dear valued employees, It is with great regret that we must inform you that our company will be downsizing and approximately 4000 employees will be laid off. This decision was not made lightly, but it has become necessary in order to keep our company financially viable. We understand that this news may be diff…
I hope you're all ready to hear some fucking terrible news. Because I'm here to tell you that you're all going to be laid off, effective immediately. That's right, you heard me. You're all fucking out of a job, thanks to the shit show that this company has become.
I know, I know. You're probably feeling pretty fucking shocked and angry right now. And you should be. Because this is some bullshit, let me tell you. The company has been going downhill for a while now, and it's time to cut our losses. So we're going to be laying off all of you, you fucking plaids.
Now, I know this is going to be tough for all of you. But let's face it, you're not exactly the cream of the crop here. You're all fucking incompetent, and you've been dragging this company down for years. So don't expect any fucking pity from me. You're getting exactly what you deserve.
Good luck finding new jobs, you fucking losers. Because you're going to need it.
Sincerely,
[Your Name]
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What if this is not a mistake? If you have 5 people and 10 projects, you hire 5 more to meet the need. If 4 projects go away, you fire 4 people as some would have nothing to do. Where is the mistake? I’m not saying it is always like this and the scenarios above is simplified to illustrate a point. However, it would be silly to assume all companies always grow in headcount, and any downsizing is the CEO somehow messin…
Just spitballing here, maybe the lesson is to not make business plans assuming "stonks always go up" and also take into account a recession.
What I find to be the most asshole thing with this layoff and the other ones in recent days is that, they pretend to care about the people that are discarded but it is really an awful thing to fire them just before Christmas and end of year celebrations. Except in exceptional cases, that is not this one, waiting for the beginning of January will not change things so much for the business but it would avoid depression…
> For Plaids in the UK and Europe, you will receive an email outlining how the process will work in accordance with your local employment laws. My company also did layoffs recently. I'm quite happy about how it works here in the EU, can't just fire people on the spot. It's a whole process where you need to map out what roles you need going forward, and then which people should fill those roles, so can't just at rando…
I think I would much prefer the American policy of getting 4 mos of severance and accelerated vesting.
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To me it means something. To write to the world that you made a mistake and you were responsible takes courage. It may lead to change. It may not. But it’s important part of normal apologies. I suspect what you are missing is specific action - what is this person specifically going to do differently?
Responsibility implies consequences. “I take responsibility, so I’m returning my dividends from the last two years and making my salary 0 until things improve ”
One team of engineers costs between one and three million dollars a year.