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Tell HN: IBM and SAP are cutting thousands of jobs

news.ycombinator.com

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Re: Tell HN: IBM and SAP are cutting thousands of jobs

#21

Post by jurassic »

s_dev wrote: post #6

I can well imagine there are lots of upset people having lost their jobs. However it never seems to be a priority or even on radar for jobseekers to consider how a a company handles layoffs or handled layoffs in the past as a proxy for their own treatment should that time come again. I wonder if this is partially because jobs seekers have over optimized for salary or total comp relative to other things like job secur…

> I wonder if this is partially because jobs seekers have over optimized for salary or total comp relative to other things like job security and working conditions.

People move around so often now to keep up with market comp that it's not surprising people don't weight job security that heavily in their decision on where to work. Staying at the same company for many years is a recipe for stagnation. We all learn and grow when going through change, and it keeps the industry vibrant to have people with different knowledge and experience flowing through multiple companies throughout their career.

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#22

Post by snowpid »

aaomidi wrote: post #20
snowpid wrote: post #19

Earlier quoted context omitted.

[flagged]

You’re on an American website, and talking with people who are statistically likely to be American. So yes.

So I thought Hackernews is an international website where everybody assume we are spread across the globe. Looks like some people are very narrow minded.

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#23

Post by ericd »

Apocryphon wrote: post #16
nightski wrote: post #10

Earlier quoted context omitted.

Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.

It’s not just the money. Losing health insurance is pretty bad, especially if there are others on one’s insurance.

It stings a little, but is ultimately not that bad if you have a very healthy emergency fund. It’s generally much cheaper than housing.

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#24

Post by darth_avocado »

aaomidi wrote: post #20
snowpid wrote: post #19

Earlier quoted context omitted.

[flagged]

You’re on an American website, and talking with people who are statistically likely to be American. So yes.

> You’re on an American website

Is there a country ownership when it comes to websites if people all over the world use it? Only about 36% of the traffic comes from within US, so you’re not wrong in the statistical significance, but you also need to be congnizant of the global participation on this site.

https://www.similarweb.com/website/news.ycombinator.com/#tra...

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#25

Post by Apocryphon »

ericd wrote: post #23
Apocryphon wrote: post #16

Earlier quoted context omitted.

It’s not just the money. Losing health insurance is pretty bad, especially if there are others on one’s insurance.

It stings a little, but is ultimately not that bad if you have a very healthy emergency fund. It’s generally much cheaper than housing.

How much would it be?

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#26

Post by dehrmann »

NKosmatos wrote: post #4

Following the trend :-( Time to get rid of people they don’t want, without them look bad since everybody is doing it, and also they’ll have an excuse if financial results aren’t very good. IMHO it’s the retaliation of big companies to what remote working brought to all of us (freedom, better wages, quality time, escape from bad environments…).

Not to diminish how hard it is to be impacted by layoffs, 1.5% and 2.5% is fairly small. This really does feel more like restructuring than what the rest of tech has been seeing.

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#27

Post by luckylion »

Apocryphon wrote: post #16
nightski wrote: post #10

Earlier quoted context omitted.

Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.

It’s not just the money. Losing health insurance is pretty bad, especially if there are others on one’s insurance.

So it is about the money, then? Surely, insurance companies don't object to you paying them directly.

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#28

Post by snowpid »

Apocryphon wrote: post #16
nightski wrote: post #10

Earlier quoted context omitted.

Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.

It’s not just the money. Losing health insurance is pretty bad, especially if there are others on one’s insurance.

The reason why I said, it is a mainly American problem: SAP is a German company. We can assume many people losing their job wont lose their health insurances because they live in Germany.

Re: Tell HN: IBM and SAP are cutting thousands of jobs

#30

Post by lotsofpulp »

cdumler wrote: post #14
NKosmatos wrote: post #4

Following the trend :-( Time to get rid of people they don’t want, without them look bad since everybody is doing it, and also they’ll have an excuse if financial results aren’t very good. IMHO it’s the retaliation of big companies to what remote working brought to all of us (freedom, better wages, quality time, escape from bad environments…).

Nah. It's about making your financial results look better. My company touts every quarter how not only is revenue up, profit per revenue is up, ie. we're making more money on the money we make. Yet, when it comes to compensation and dealing with cost of living, the statement is that we haven't met our targets so it's a 3% pool. Not minimum or maximum, but that for someone to get more someone else has to get less. COV…

>profit per revenue is up, ie. we're making more money on the money we make.

This makes no sense to me.

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