What is an healthy manager-to-ic ratio?
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Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
31–40 of 531 posts
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#32Last time I read a very reassuring and cogent letter by the CEO of Shopify about the layoffs . But at no point did the letter hint at further layoffs no less 20% which is huge. Wondering what the explanation is this time. I understand everyone has their worth and price but I fail to see how management and leadership at companies still have jobs and huge bonuses. Reaganomics has had 35 years. Maybe we need a new visio…
The CEO's job is to deliver results, not maintain full employment. Companies exist, and have always existed, to be temporary money-making enterprises.
Acting like they are civil institutions tasked with upholding the social fabric is absurd.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#33Earlier quoted context omitted.
It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)
If Shopify can deliver its software with less people, that’s better for society. Put it this way - would you like to be paid to mow a lawn using scissors? I can pay hundreds of people to mow my lawn using scissors, and they will be employed as landscapers. Or I can pay one guy with a lawnmower.
Do more with less and less until you do everything with nothing....
The answer to your question is it depends, and is one of the big things that has people worried about AI and automation rapidly improving over time. If things like wealth redistribution don't occur in a highly automated society you end up with big problems really quick.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#34Earlier quoted context omitted.
It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)
> It's a fundraising advertisement, not for you. If you are an employee, nothing management does is for you.
It’ll be a very confusing day for you when you grow up and have just one direct report, and you’ll need to face the reality of them calling you “management” on snarky Hacker News comments.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#35> We legally need the work laptop back, but we’ll help pay for a new one to replace it. What law? I’m not criticizing Spotify at all for this decision, I’m just genuinely curious. A few other companies recently are giving away the laptops so I’m wondering what is different here.
Not sure if it's the case with Shopify, but at big companies I've seen agreements with regulatory bodies and court legal holds that require the company certify that it's retained every scrap of employee data so that it's available for discovery later. The company can try to do this by uploading the entire contents of the laptop/phone to the cloud periodically, but they still don't retain 100% unless they do it once more at the very end and then hand the blank device back to the former employee. With layoffs involving thousands of partially-remote employees, that may not be logistically feasible and cheaper to just buy everyone a new device.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#36Well yeah, cutting workforce seems like it only has upside to these companies. Expenses go down, profit margin and share price go up. What're the workers gonna do? Protest? Strike? Hah. No, the remaining employees will pick up the extra responsibility and thank the employer for continuing to employ them.
Nowhere in your comment do you consider the possibility that some of these employees were doing something that just didn’t matter.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#37Earlier quoted context omitted.
It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)
If Shopify can deliver its software with less people, that’s better for society. Put it this way - would you like to be paid to mow a lawn using scissors? I can pay hundreds of people to mow my lawn using scissors, and they will be employed as landscapers. Or I can pay one guy with a lawnmower.
“Better for society” sounds like an overstatement. I think you mean better for Shopify or their investors.
Are you excluding those 20% MFs that are getting fired from Society? Where are they gonna do their scissoring now?
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#38Earlier quoted context omitted.
It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)
If Shopify can deliver its software with less people, that’s better for society. Put it this way - would you like to be paid to mow a lawn using scissors? I can pay hundreds of people to mow my lawn using scissors, and they will be employed as landscapers. Or I can pay one guy with a lawnmower.
Fewer.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#39Earlier quoted context omitted.
If Shopify can deliver its software with less people, that’s better for society. Put it this way - would you like to be paid to mow a lawn using scissors? I can pay hundreds of people to mow my lawn using scissors, and they will be employed as landscapers. Or I can pay one guy with a lawnmower.
"Bullshit jobs" [1] are a suboptimal and implicit mean to deliver on UBI without superficially changing the rules of capitalism. For exhibit 2, I'll bring in the US military and its economic impact on the midwest. [1]: https://en.wikipedia.org/wiki/Bullshit_Jobs
The US military is not capitalism. That’s socialism - a job and industry fully dependent on the government and thus is a politically created career.
Bullshit jobs don’t exist in the free market, as no capitalist would pay for someone to do something useless. If that is happening it would certainly be because a government regulator required someone to sit there twiddling thumbs.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#40Last time I read a very reassuring and cogent letter by the CEO of Shopify about the layoffs . But at no point did the letter hint at further layoffs no less 20% which is huge. Wondering what the explanation is this time. I understand everyone has their worth and price but I fail to see how management and leadership at companies still have jobs and huge bonuses. Reaganomics has had 35 years. Maybe we need a new visio…
"Maybe we need a new vision for our society"
If AI really kills as many jobs as predicted, we will definitely have to rethink society. It doesn't really make sense that a technology that improves overall productivity of society ends up making large segments of the population suffer. We need to find a way to have everybody benefit from progress and not just a few at the top.