Zoom lays off 15% of employees

Potential cause: Growth has plateau or even declining in a post pandemic world.

Lol at this point it's just comical.

Not fun for those laid off, but this is a great life lesson for all those people who have given "loyalty" to their employer.

We - the people who you often view as cynical and negative - live by the following rules:

- People at work are not your friends. You can have friendly relationships, but they ain't your real friends. You will only know if they can become your real friends once you don't work at the same company anymore.

- NEVER accept less pay for your work than the market rate. If they don't pay 100% you never work 100%. Take a second job and do only 50% or less for a company that doesn't pay you market rate.

- Don't work as a full time employee if you can make twice as much as a contractor. Employees have supposedly the benefit of "job security". LOL. Contractors get paid more because they need to factor in dry spells. Also there are tax benefits for companies to use contractors. The software industry is so robust and even despite all the layoffs the demand for devs is higher than the supply. There is no reason to take on full employment if you can contract with the same level of job security for much more money and much less internal politics.

- Shares don't mean anything if the company never IPOs. Fuck shares. Ask for hard cash. If you want to have shares and become a millionaire over night then start your own startup. Why suck up to some stranger who gives zero shit about you. You didn't invest money into the startup, you didn't found it, you are a nobody to them. You do a job for them and they fool you to take on company shares so they can massively underpay you. If you want to earn little and have lots of shares then start a startup yourself. In every other case tell them to get fucked and ask for hard cash.

How long is it expected for the expensive money era to end? aka, don't we have SOME insight into the fact that the fed will probably be done hiking around the 5.00%-5.25% range soon, and then either hold it there for maybe 6 months before doing cuts?

how long can the Fed really keep rates at 5% despite the pressure of... wall street? the economy's well being (despite it being too dependent on cheap capital)? how much higher can they go above 5%? i thought the consensus was "not much" / "the fed says one thing and nobody really believes they'll be strong enough to do it"

The employees can actually go build their own company and make their own poor decisions.

The amount of entitlement among HNers is mind-boggling.

Newsflash: I fired my grass-cutter and snow-remover this year. According to the dumb logic presented on all social media, I should have fired myself for not seeing inflation and having to cut costs on a few things.

Depends on the industry. With tech like this.. salary/bonus changes are fine. Or wage labor pay increases. Anything and including in all cases no stockholder dividends or buybacks. Price should tank accordingly.

When it comes to industry directly related to life, like health, pharmacy, electric/fuel, housing - those kinds of choices made should result in prison.