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Riot Games laying off 11%

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Re: Riot Games laying off 11%

#61

Post by nerdawson »

echelon wrote: post #17
msie wrote: post #4

All it takes is for one of the big firms to go on a big hiring spree and the others will follow.

Probably not until IRC 174 is fixed. You can't write your employees off on taxes anymore, but have to amortize them over four years. https://www.stambaughness.com/blog/amortize-research-and-dev... Lovely new little wrench in everyone's plans. Plus many companies hired going into Covid, thinking online was the "new normal". They're returning to a healthier headcount now. Plus they probably let go those underperforming…

Multiple references to R&D at the end suggests to me they’re pointing to 174 as a factor.

Re: Riot Games laying off 11%

#62

Post by pdpi »

WalterBright wrote: post #53
eganist wrote: post #12

It's a decent severance package, honestly. But, as usual, > As CEO, I’m accountable for the changes we’re making and where we’re headed in the future. So, I think it’s important for me to share how we got here and how the next few days will work. I see no indication as to how Dylan will actually be held accountable for the decisions that ultimately led to this.

Decent? It's a very generous one.

It's generous, yes, but it's also decent (though I don't think that's what GP meant). The computer/laptop thing is a nice touch, and the email thing seems genuinely thoughtful.

Re: Riot Games laying off 11%

#64

Post by Apocryphon »

imgabe wrote: post #56
codeflo wrote: post #46

Earlier quoted context omitted.

It's narcissistic BS corporate speak that ridicules the victims. We shouldn't stop pointing that out just because it's common.

Sorry, someone who gets laid off is not a victim. It's a known part of the deal of having a job. You might decide to quit and leave the employer. The employer might decide they don't need you anymore and lay you off. You both have that option. You know this going in and you both are supposed to make arrangements to be able to deal with this possibility.

You say that, but there are always cases of people getting laid off despite having positive performance reports, were hired shortly prior to RIF, were given assurances there would not be layoffs, etc. People don't continuously act like their jobs are precarious, even if the American system with its employer-tied insurance and other mediocre safety nets, should incentivize us to.

Re: Riot Games laying off 11%

#65

Post by Guvante »

xyst wrote: post #58

> … We want to make sure Rioters who are leaving us this week have a bit of time to identify and unwind any personal info or accounts that may be tied to their Riot email addresses. TIL: people of recent generations use work e-mails for personal usage. I have only seen this phenomena with older generations when they worked for a single company their entire life until or up to retirement.

Honestly there are grey area things you don't think about.

Is your employer provided HSA account work or personal?

Re: Riot Games laying off 11%

#66

Post by readthenotes1 »

eganist wrote: post #12

It's a decent severance package, honestly. But, as usual, > As CEO, I’m accountable for the changes we’re making and where we’re headed in the future. So, I think it’s important for me to share how we got here and how the next few days will work. I see no indication as to how Dylan will actually be held accountable for the decisions that ultimately led to this.

A more literal interpretation of accountability would mean that they can tell the story, the accounting, of how things happened.

Now if they are responsible, maybe they should be liable for consequences

Re: Riot Games laying off 11%

#67

Post by sarchertech »

imgabe wrote: post #56
codeflo wrote: post #46

Earlier quoted context omitted.

It's narcissistic BS corporate speak that ridicules the victims. We shouldn't stop pointing that out just because it's common.

Sorry, someone who gets laid off is not a victim. It's a known part of the deal of having a job. You might decide to quit and leave the employer. The employer might decide they don't need you anymore and lay you off. You both have that option. You know this going in and you both are supposed to make arrangements to be able to deal with this possibility.

> Sorry, someone who gets laid off is not a victim. It's a known part of the deal of having a job.

Death is a known part of the deal of living, and car accidents are known risks of driving a car. That doesn’t mean someone who dies in a car accident isn’t a victim.

For many people there isn’t a realistic option other than employment.

Re: Riot Games laying off 11%

#68

Post by leetrout »

izzydata wrote: post #18
anotherhue wrote: post #3

> Severance Pay — We’ll offer a minimum 6 months of salary, Well that actually does make it seem like it was something they wanted to avoid. I might need to eat my hat https://news.ycombinator.com/item?id=38957024

I wonder how hard it would be to wait 4-6 months and then attempt to get rehired at Riot again. It seems unlikely that they will be on a total hiring freeze for over 6 months.

Some places make you sign papers you wont reapply to get your severance.

Someone explained that in one of the other recent layoff threads.

Re: Riot Games laying off 11%

#69

Post by madrox »

xyst wrote: post #58

> … We want to make sure Rioters who are leaving us this week have a bit of time to identify and unwind any personal info or accounts that may be tied to their Riot email addresses. TIL: people of recent generations use work e-mails for personal usage. I have only seen this phenomena with older generations when they worked for a single company their entire life until or up to retirement.

It can vary a lot by industry and how much of your identity is wrapped up in your job...or how much prestige the domain after the @ has. I saw it all the time in entertainment. Now that I work at a fintech...not so much.

Re: Riot Games laying off 11%

#70

Post by imgabe »

Apocryphon wrote: post #64
imgabe wrote: post #56

Earlier quoted context omitted.

Sorry, someone who gets laid off is not a victim. It's a known part of the deal of having a job. You might decide to quit and leave the employer. The employer might decide they don't need you anymore and lay you off. You both have that option. You know this going in and you both are supposed to make arrangements to be able to deal with this possibility.

You say that, but there are always cases of people getting laid off despite having positive performance reports, were hired shortly prior to RIF, were given assurances there would not be layoffs, etc. People don't continuously act like their jobs are precarious, even if the American system with its employer-tied insurance and other mediocre safety nets, should incentivize us to.

> there are always cases of people getting laid off despite having positive performance reports, were hired shortly prior to RIF, were given assurances there would not be layoffs, etc.

Right. And since we know this, isn't it basic common sense to ask yourself "what would I do if I lost my job tomorrow?" and have some savings and a plan? Especially if you're a relatively well-paid tech employee? It doesn't matter if you consider your job precarious or not, it's simply irresponsible to not be prepared for the possibility.

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