131–140 of 346 posts
This is great news. Google, Facebook, Amazon are over. You can see the writings on the wall. It's time for the next wave of tech companies.
And what writing is on the wall, exactly, for Amazon? AWS powers the internet. Apple uses it for cloud services, for cryin' out loud -- the largest AWS customer in fact. AWS has more market share than all of its competitors combined . Where is this writing you're speaking of?
This is great news. Google, Facebook, Amazon are over. You can see the writings on the wall. It's time for the next wave of tech companies.
And what writing is on the wall, exactly, for Amazon? AWS powers the internet. Apple uses it for cloud services, for cryin' out loud -- the largest AWS customer in fact. AWS has more market share than all of its competitors combined . Where is this writing you're speaking of?
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Anecdotally, of the five-ten people I knew throughout the years who ended up at Facebook, all had a very specific personality-trait. Those that I knew who went to Google/Amazon/etc. were more diverse personalities: ambitious, interested in hard problems, wanting a good life, etc. Those going to Facebook though, I'm not sure I can put it in a polite way. Let me just say, in different times and different places I could…
It sounds like you had an interesting observation but it’s not clear to me. Can you state it more plainly? What kind of organization? I have also noticed FBers have a certain kind of personality. Vaguely utopian but removed from reality with a heavy emphasis on hedonism.
I imagine it is a tiny fraction of the people getting laid off that go that route - imo, most are out applying for jobs. I work for a fortune 50 company - (not faang), on our team we had 2 openings posted back in early November - one for a developer, one for a lead developer (same tech stack) - this was for a fully remote positions, but limited to timezones that mostly overlapped with the USA - we got 3 applicants fo…
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It'll be interesting to watch this play out. I know ByteDance has been slurping up some Meta talent, and you don't want someone you lay off to build the company that eventually kills you.
TikTok is also planning layoff in thousands https://news.ycombinator.com/item?id=34912150
I imagine severance packages are a big factor here. People laid off by Google might have a full six months or more of severance pay, plus health insurance through Cobra. That's a pretty fantastic opportunity to spend six months on a startup in relative economic safety!
> plus health insurance through Cobra. Nb. using COBRA is often pretty damn expensive, since you're paying the full cost of whatever plan the company uses. It can make sense for some people since it means your deductible and max-out-of-pocket don't reset like they would if you switched to a marketplace plan (and then reset again when you get a new job and another plan) but it's not quite as nice a thing to have as it…
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I don't understand why Google and Amazon would invest all this money in these employees building up their tech and tribal knowledge just to lay them off. Do these companies not expect to grow in the future? Seems like just freezing hiring for a year or two would save you more money in the long run rather than having to rehire and rebuild all this expertise.
> Seems like just freezing hiring for a year or two would save you more money in the long run rather than having to rehire and rebuild all this expertise. It took Google 6 years from 2012 to double headcount. In that time, revenue went from $50B to $136B (almost triple). Profit from $10.7B to $30.7B (triple). In 4 years from 2018 to 2022, Google more than doubled headcount. In that time, revenue went from $136B to $2…
These examples made me laugh because they notably didn't increase scrutiny during the last few years. Otherwise, we wouldn't have more recent examples (FTX, among others).
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Sad that when I open a thread the first comment I see is cheap cynicism that comes close to trolling, and the replies are even worse. Look at all the stuff this generation of workers have built in big tech — the amazing devices in all areas of the market, the progress in electric cars, the massive scale in compute infrastructure that enables most smaller companies to easily spin up entire regions rather than run thei…
Nah, I think the good and bad aspects should be judged separately, we shouldn't be giving these companies a free pass for the infrastructure contributions they made -- you know which bad regime was also good at building motorways -- I'm grateful for google search and for maps, Facebook and some of the other stuff not so much.