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Plaid Layoffs

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Re: Plaid Layoffs

#321

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…

well somebody has to say this or lame asses like you just keep thinking that your entitlement is actually reasonable, I've seen too many of you here on HN. Employment goes two way, you are free to leave the company and they are free to fire you, whenever they feel like. The fact that they shouldn't have hired you in the first place or that they are still making profit is irrelevant.

Re: Plaid Layoffs

#322

Earlier quoted context omitted.

I don't think this correct. My understanding is that COBRA is a federal act to allow former employees (who meet certain conditions) to keep the same healthcare plan they had under their former employer. This is important because it preserves the amounts paid into the deductible, as well as the coverage. COBRA, as far as I understand, is not offered by the employer. It is a federal safety net. The employer has no mone…

Oh I didn't know about the "inactive" days. I thought you could get reimbursed or request a delayed billing cycle so once you hop back on the COBRA plan, they'd retro-actively cover it. Is that not the case? I looked at the price for COBRA coverage for me and the family when I left my previous employer - $34,000 / year. Ouch.

There should be no inactive days. You typically have the same insurer, use the same card as when employed. For the first month you indeed get the paperwork later, so you pay late, but that's built into the system, it's mentioned in the exit paperwork.

Re: Plaid Layoffs

#323
post #320
post #316

Earlier quoted context omitted.

The vast majority of workers in tech don't get equity, and certainly not at those scales, to be fair. Most are labor, as properly defined. They may earn less, but it's the same business relationship.

They’d be called kulaks. “Wealthy” farmers.

I am concerned that you are not seeing the point parent listed and default to forcing the Russian revolution analogy even though it does nothing for the point itself. I guess I will try rephrasing it a little bit in an effort to hopefully clear it a little.

Few here would not recognize their privileged position in US society ( edit: come to think of it, almost any society today; even in North Korea, hackers are deemed useful if I remember correctly and fare better under that regime than rest of the population; still, I wanted to focus on US ). And I think most here know that a mob won't be particularly inclined to ask multiple choice questions or introspection to determine your social status ( as you indicated with kulaks example.. just having a farm will be enough ) and allegiance to the cause.

The issue is, however, that system is indeed broken. Just the other day I had a conversation with business owner, who claimed WFH is bad, because a chat with a person isn't fast enough ( implication being if I can't yell at you in person, it does not count ), things are delayed/wrong ( because of WFH ) and I will either return and comply or be replaced. The interesting thing about it is that he was actually trying to restrain himself as I was not his employee ( but the guy was angry ). He stopped talking to me once I asked if he thinks that it seems like the communication is the issue to solve here. But the guy was not interested in a solution. He ran that business for decades now. This is just how he operates and does not want to adjust. And that is ok, but I get a distinct feeling this is how managers across US are feeling.

They want to be able to just issue vague layoff threats to get people in line. I am almost certain that I wrote this here before, but as one overheard manager bemoaned 'I had to throw my entire toolbox away for Covid.' Manager class does not want to change what they had and see now as an opportunity to re-establish pre-covid power structure, which was already out of whack. They had a good tool and covid ruined it.

From manager's perspective, the issue comes from the fact that knowledge workers are not as easily located to be replaced. There is simply less of a pool of desirable candidates. Even for relatively easy ( and popular now ) things to learn like Python, it is hard for multiple reasons including one, where HR and sometimes even hiring manager does not know much about.

FWIW, I buy that there is some level of resentment from lower middle class ( even though I do perceive myself as a part of middle class now, which gives you an idea of how easily distorted concept is is - maybe we should start talking about income brackets; that would maybe open some eyes ) and below.

My main point stands though. There is anger. It has to be addressed. When stuff like that is not addressed, bad things happen ( usually across the board including eventually to the mob if French revolution is any indicator ). HN crowd may well be 'kulaks' in today's society ( although I would dispute that comparison ), but it does not change the validity of previous sentence.

Re: Plaid Layoffs

#324
post #320
post #316

Earlier quoted context omitted.

The vast majority of workers in tech don't get equity, and certainly not at those scales, to be fair. Most are labor, as properly defined. They may earn less, but it's the same business relationship.

They’d be called kulaks. “Wealthy” farmers.

Not every reaction against entrenched capital is a carbon copy rerun of the Bolshevik takeover.

Re: Plaid Layoffs

#325
post #307

Earlier quoted context omitted.

But the employees are faaaaaaaamily … …until they’re inconvenient. Then we give them some supplies and dump them at the local fire station.

What is your solution? Burn trough money by paying some people that you don't need and then leave everyone unemployed? They are not inconvenient they are not needed anymore. At least they get some supplies. Most of the world don't get jack.

What does "don't need" mean?

The solution is to have employees at least have some seat at the table for this process. How are layoffs chosen? How are severance benefits chosen? We are currently seeing generous severance benefits at most of these companies, but absolutely nothing guarantees this. The solution is that when the CEO wants to lay off 15% of the company they go to the employees and say "okay, we need to lay off 15% of the company, let's work together to find the best way to do this."

Re: Plaid Layoffs

#326

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?

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

To some degree, yes. Businesses are often portrayed as "job creators" that provide a valuable thing to employees (employment). Bosses do have a responsibility to their employees, just as they have a responsibility to their customers and a responsibility to their shareholders. Our society has just let one of these things balloon and balloon to take over the other two.

Re: Plaid Layoffs

#327
post #294

Earlier quoted context omitted.

Fall on the sword (i.e. resign, give money back) along with these folks being fired.

Have you ever guessed the future wrong in your personal life? Did falling on your sword help you and others in any way?

CEOs resigning or otherwise experiencing a lot of pain does not help the people being laid off. But if it becomes a cultural norm then CEOs in the future may be less likely to take steps that lead to layoffs.

Consider a more extreme example of the justice system. Putting somebody in prison doesn't undo the crime they committed. But deterrence is considered to be a reasonable argument for criminal punishment.

Re: Plaid Layoffs

#328
post #232

Earlier quoted context omitted.

Parent may not be advocating it, but one would have to be willfully blind not to see a tremendous spike in related chatter online ('eat the rich' comes to mind ). If it is not addressed, it will only fester. Open discussion is a way to release some of that pressure.

There's 'Eat the rich' in the sense of 'They are taking way too much of the pie for themselves', which is a perfectly reasonable conversation to have. And there's this sense of 'Eat the rich', which is trying to find a scapegoat for a... Company whose operations depended on access to cheap credit is laying people off... In an environment where the Fed is actively trying to create unemployment , by raising the cost of…

To Powell's credit, after the initial pushback, he toned that rhetoric down a little so that it is now a lot more benign. And, it seems for now, rates will not be raised as rapidly. I guess only time will tell.

Re: Plaid Layoffs

#329
post #324
post #320

Earlier quoted context omitted.

They’d be called kulaks. “Wealthy” farmers.

Not every reaction against entrenched capital is a carbon copy rerun of the Bolshevik takeover.

Look at practically every violent revolution by the lower classes - China, Cambodia, Vietnam. Intellectuals, small business owners, what most countries would call the “middle class” were the enemy.

The workers are the people truly suffering. Not getting laid off with a cushy severance package or not being allowed to work from home.

While many on HN see themselves as the oppressed working class I can promise you the lower class don’t see it that way at all. Engineers in Silicon Valley are the rich. Sure not billionaires, but far wealthy beyond what the lower classes could ever imagine.

Re: Plaid Layoffs

#330
post #329
post #324

Earlier quoted context omitted.

Not every reaction against entrenched capital is a carbon copy rerun of the Bolshevik takeover.

Look at practically every violent revolution by the lower classes - China, Cambodia, Vietnam. Intellectuals, small business owners, what most countries would call the “middle class” were the enemy. The workers are the people truly suffering. Not getting laid off with a cushy severance package or not being allowed to work from home. While many on HN see themselves as the oppressed working class I can promise you the l…

Really not sure what you're trying to argue here.

The workers are the people truly suffering. Not getting laid off with a cushy severance package or not being allowed to work from home.

There can be suffering in both, this isn't a competition. Someone on an H1B visa supporting parents and parts of their family getting laid off can really struggle even if they're earning a good wage. So we can have sympathy, and empathy, for both.

While many on HN see themselves as the oppressed working class

I don't see any evidence of this, on this thread or elsewhere. I'll also note that many, if not most of the engineers posting on HN are not SV engineers, and are not getting the sky high salaries and equity that are common in the Valley.

But that aside, again nobody is saying that tech workers are uniquely worse off than anyone, they're saying that the system is rotten for pretty much anyone and that the increasing concentration of capital is a bad thing that'll eventually result in worse outcomes for everyone.

Your argument seems to be that because the working class see tech workers as part of the problem that tech workers should treat them as enemies and keep them downtrodden, and do nothing to try to fix the current system.

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