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Google to reduce workforce by 12k

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Re: Google to reduce workforce by 12k

#91

Post by Teknoman117 »

rfoo wrote: post #70
dzonga wrote: post #30

I blame companies for blaming with people's lives like this: not market dynamics. companies are the ones that decided to overhire, overpay - based on covid demand, cheap money that was floating around. companies not the market, resulted in a war over talent. now it's a war on talent. and of course everyone and their grandma will want to work at these tech companies where life is laid back and you get all the benefits…

What's "VC salary"? First time heard this and didn't find meaninging result from Google, nor does ChatGPT.

I believe they're referring to startups who use VC capital to attract people away from other tech firms at very high cost to themselves.

Really it's what all the big companies are doing, but at least some of them can claim solvency.

Re: Google to reduce workforce by 12k

#92

Post by MonkeyClub »

eCa wrote: post #51

I guess someone has to write this comment: > I take full responsibility for the decisions that led us here As usual, he says nothing more what the consequences for him are. It seems like all of the FAANGs have made severe strategic cockups when it comes to hiring lately. I wonder if it will affect their longterm attraction as employers.

> It seems like all of the FAANGs have made severe strategic cockups

I’m becoming more and more convinced that they’re preparing for a global recession.

I posed such an Ask HN a while ago, before the Microsoft layoffs, where the general takeaway was that there’s no indication for a recession.

However, after the 10+12K layoffs by the giants, and constant news about smaller layoffs by smaller companies (in the 100s per announcement), I think the situation becomes at once clearer and bleaker.

We shall survive.

Re: Google to reduce workforce by 12k

#93

Post by patchorang »

rfoo wrote: post #70
dzonga wrote: post #30

I blame companies for blaming with people's lives like this: not market dynamics. companies are the ones that decided to overhire, overpay - based on covid demand, cheap money that was floating around. companies not the market, resulted in a war over talent. now it's a war on talent. and of course everyone and their grandma will want to work at these tech companies where life is laid back and you get all the benefits…

What's "VC salary"? First time heard this and didn't find meaninging result from Google, nor does ChatGPT.

A large salary that is subsidized by VC funding.

Re: Google to reduce workforce by 12k

#94

Post by mejutoco »

sai_c wrote: post #48

Does anyone know what "Outside the US, we’ll support employees in line with local practices." exactly means? In Germany I could imagine it to be "You're fired. Go to the Arbeitsagentur and find a new job". Of course within the legal forewarning period.

I guess it just means they will follow the law in each country.

In the case of Germany I believe the minimum notice period is one month (unless on probation, 2 weeks), but it is common to get 3 months. So they will pay for 3 months.

Re: Google to reduce workforce by 12k

#95

Post by mrazomor »

eCa wrote: post #51

I guess someone has to write this comment: > I take full responsibility for the decisions that led us here As usual, he says nothing more what the consequences for him are. It seems like all of the FAANGs have made severe strategic cockups when it comes to hiring lately. I wonder if it will affect their longterm attraction as employers.

He doesn't say it's going to be a punishment or a reward :). I'd bet on the latter. Lower operational cost! Increased stock value! Beefy bonus! Sundar takes all...

Re: Google to reduce workforce by 12k

#96

Post by conjectures »

avip wrote: post #39
bearmode wrote: post #5

Earlier quoted context omitted.

Not been laid off myself, but I'm still being absolutely hounded by recruiters. There are still a ton of tech jobs out there, at least in the UK.

The correlation between how much you're being "hounded by recruiters" and how many open positions are out there, is either 0 or negative.

Do explain.

Re: Google to reduce workforce by 12k

#97

Post by trabant00 »

I don't understand why the comments are mostly upset in these cases. If it makes financial sense for you, as an employee, you are free to leave a company. Shouldn't companies have the same freedom? Why should the CEO be punished in any way for making such a decision? Having too many people being payed for some time and having to pay severance packages is not enough? What is the moral or legal base for attacking these companies? Honest question.

Re: Google to reduce workforce by 12k

#98

Post by [deleted] »

bearmode wrote: post #5
ak_111 wrote: post #4

Question for those who got laid-off from tech recently (say since Aug last year): how hard did you find it to get another tech job? Would be interesting to get some anecdotal evidence to shed light on the following WSJ article which claims laid-off tech workers are finding it easy to get re-recruited: https://www.wsj.com/articles/laid-off-tech-workers-quickly-f... If the phenomena described in the WSJ article is true…

Not been laid off myself, but I'm still being absolutely hounded by recruiters. There are still a ton of tech jobs out there, at least in the UK.

[deleted]

Re: Google to reduce workforce by 12k

#99

Post by jacquesm »

This 'I take full responsibility' thing is getting really tiresome. Of course you take full responsibility, you're the f'ing CEO, and in case on account of this someone loses their house I'm sure you'll make good on it, because it's your responsibility, right?
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