51–60 of 203 posts
It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
* At a base level this is one person profiting off misfortune he caused other people. This isn't the pro-social type of behavior I would want to be encouraged.
* Companies primary focus is on satisfying Wall Street, while avoiding too much scrutiny from DC.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
If you agree with the narrative of shareholder primacy and are looking at short term outcomes then sure, nothing is wrong here. But this means that we're ignoring the harm that was done to the people that lost their income and the disruptions that the rest of the org will experience. Layoffs can be devastating to the people that were terminated; a job loss is one of the higher stress events one can experience. If you…
As opposed to the 'benefit' that was done while they were granted income?
I'm unsure what your point is. Is a business never supposed to 'harm' its employees? They're never allowed to fire people? What is the logical conclusion of your statement? A business ought to be liable to keep their employees employed forever even if it means the business becomes unprofitable and eventually has to declare bankruptcy, resulting in the firing of all employees? Who prevents the harm then? Or is this where the magical thinking that government will make it all better using the taxes from the other companies and employees that have yet to go bankrupt despite being unable to fire anyone ever?
It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
I used to have this attitude in my early 30s when I first made >500k. I thought I was indestructable, irreplacable and had an ego to match it. What a humbling experience it was to be laid off, in fact I think it was one of the best things to have happened to me. My relationship to work and business is much healthier now. I just smile at the silly games tech employers and their staff play.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
Isn't this considered insider trading? You'd think there should be a blackout period around any kind of layoff, similar to how they do with earnings.
How is it insider trading? He sold the stock after the material became public knowledge. He didn't have any insider information