131–140 of 203 posts
As always, these sales happen on a predetermined schedule for executives. This has nothing to do with the layoffs.
Yes, so if he sells regularly and is in charge of decisions that affect the price - what difference does your justification make?
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…
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It should actually be very very expensive for a company to fire people. Why do stock markets have an automated forced "PAUSE" when stocks seem like they are crashing? It's because companies, investors, people, or even computers don't always act rationally. That pause has prevented a lot of hiccups from turning into full-blown crashes. Right now, when a company lays people off, the town, state, and federal government…
> when a company lays people off, the town, state, and federal government are the ones who have to end up picking up the downstream effects If the existing unemployment _insurance_ (forced payroll contributions to each State) are not sufficient, then change that insurance system. There could be a business opportunity for supplemental market-priced contributions which pay on job loss. That wouldn't be worse than the '…
Private job loss insurance exists already, its not an non-addressed potential market.
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> He can sell his shares when he feels like it He, in fact, cannot. As a C level executive he is going to trade on a 10b5-1 schedule.
Thanks for the insightful comment. I guess they can still conveniently schedule when the layoffs are announced and make it happen right before the 10b5-1 schedule? All the previous layoffs announcements were followed by the stock rising up.
This is still a gamble at best. Let's not go down a conspiracy rabbit hole here.
CEOs have their trading schedules set well in advance, they do not know how the market will respond to their actions ahead of time. They can at best make an educated guess.
But the idea that he scheduled this layoff specifically for personal gain is pretty unfounded.
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…
It's really funny to see hackers fall in line to work at big companies. In the 90s all the true hackers hated large established companies and would show them the finger and work for scrappy upstarts. And now all the kids are bending over backwards to work for these large corporations doing hours of leetcode. What a shame.
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
Are there rules about how long you need to wait after the news goes public to sell? Otherwise, it still seems kind of unfair because you could sell 100 milliseconds later before the market can react.
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> If you think these things aren’t fair or suck, then you should try to move out of the leet coder path and get on the capital owner or business operator side. You could also try to improve society. People don’t have to just take it, they can fight back. All power comes from the consent of the masses, none of these guys have the physical power to compel any of us to do anything at all, including let them live. Look w…
Why don’t you try to change society then? Honest question why do people always want someone else to do it? Go start a business with your friends who think same way. See if you can build a business that can take care of its employees and do something good. You could change your own life and that of your colleagues. Never go public, and you don’t have any pressure to grow at all costs. Don’t take on debt. Oh right. It’…
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.
Our society is inches away from extreme violence at all times and the relative peace and legitimacy of that society depends on securing broad consensus and consent of the governed and a reasonable distribution of resources. He can be killed and eaten for his protein content when someone feels like it too.
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I told the CISO he was an idiot who didn't understand security (in front of many peers), because we disagreed on implementation. Soon after I was fired for "violating company policy". I realized being right is not the most important thing in the world, certainly not more important than being employed. The other lesson was to never involve myself in office politics again: it is irrelevant and ultimately lowers your st…
Another lesson you missed: don't be disrespectful to coworkers, including bosses. You are not entitled to offending people in a work environment.
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I think it's reasonable for people to be frustrated that laying people off (lost value/income/security for many) consistently translates into big payoffs (more money) for fewer others (CEOs, shareholders). It feels like a moral inversion.
That isn’t newsworthy. And this isn’t the place to vent about a “moral inversion.” Make a new forum where you have 2 minutes of hate every day and eventually you’ll realize how programmed you are to be frustrated at things you have no power over and how much of a rage-cycle the so called “news” industry have put you in.