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Brex Layoffs

brex.com

71–80 of 161 posts

Re: Brex Layoffs

#71
post #62

Earlier quoted context omitted.

Attorney. Build a system, work from anywhere, make your own schedule. Hard to outsource.

What does build a system mean?

Focus on a niche, create a funnel, be very good at that niche, scale horizontally.

EDIT: Picked attorney because you have to be licensed to practice law, creating a barrier to the equivalent of code bootcamps. My apologies if the model around the idea wasn't clear, I will do better!

Re: Brex Layoffs

#72
post #35

Oof to this link in the post https://www.brex.com/journal/operate-at-all-levels What a terrible culture, dunking on people management, calling it meaningless And no, I don't want the Director of AI to explain react component rendering to me, it sounds like they are grooming a generation of super-micromanaging executives. Maybe the CTO was kicked out after he failed to complete 3 back to back leetcode hards

Yeesh. That looks almost satirical.

Re: Brex Layoffs

#73
post #8

I like that they shared publicly the severance package (I missed that in a company before, the severance package was only available to the ones laid off, and you wouldn't even know if you got the same as your colleagues). And the package itself seems alright too (and sensible, for example: the laid off can keep their laptops. What would company do with almost 300 extra laptops?). Time of the lay off also not too bad…

> Time of the lay off also not too bad (firing people in November/December is really uncool). I don’t understand this. Why is it uncool? And why is January better? I guess it doesn’t let people enjoy their vacations. But on the flip side, isn’t that a good thing? You can curb expenses on the vacation/holidays.

You can enjoy those holidays with the family instead of being stressed and sad about losing the job. The holidays being Thanksgiving and Christmas.

Re: Brex Layoffs

#74
post #64

Earlier quoted context omitted.

Really? I would have assumed that attorney is one of those jobs that is going to be hugely disrupted by AI. Should people new to the field bother if they aren't going to be top X% (5? 10?)?

For people without the resources, yes. For people that have a problem and resources, no. They pay for the best and want to be sure it‘s watertight.

Just get into and through Harvard Law, easy peasy...

The best programmers make good money too.

Re: Brex Layoffs

#76
post #8

I like that they shared publicly the severance package (I missed that in a company before, the severance package was only available to the ones laid off, and you wouldn't even know if you got the same as your colleagues). And the package itself seems alright too (and sensible, for example: the laid off can keep their laptops. What would company do with almost 300 extra laptops?). Time of the lay off also not too bad…

> Time of the lay off also not too bad (firing people in November/December is really uncool). I don’t understand this. Why is it uncool? And why is January better? I guess it doesn’t let people enjoy their vacations. But on the flip side, isn’t that a good thing? You can curb expenses on the vacation/holidays.

There are effectively 2-3 dead weeks in which you’re not paid but can’t look for a new job. All you can do over Christmas and New Year is worry.

Re: Brex Layoffs

#77

Interesting that the CFO and CTO also got the boot, but the positions weren’t eliminated. Is this a power grab? Or am I misreading?

It's not clear to me how you would have a company of this size without a CTO or CFO. I'm interested in why your expectation is that the roles themselves would be eliminated, versus bringing in people who might perform better?

FTA: > We’re flattening our org structure and reducing layers of management. Our goal is for leaders to operate closer to the metal, less siloed and more functionally, focused on few cross-company priorities. These changes begin with the leadership team and cascade across the org:

Re: Brex Layoffs

#79

Earlier quoted context omitted.

Attorney. Build a system, work from anywhere, make your own schedule. Hard to outsource.

Really? I would have assumed that attorney is one of those jobs that is going to be hugely disrupted by AI. Should people new to the field bother if they aren't going to be top X% (5? 10?)?

Actual legal work, as opposed to legal-adjacent tasks, will be the last to be disrupted by AI, at least so long as AI means LLM. Law is simply too complicated to rely on something that doesn't have the ability to understand.

Doc review staff will be effectively eliminated...but they're already being eliminated by non-AI technology, so AI will just be the last straw.

Re: Brex Layoffs

#80
post #62

Earlier quoted context omitted.

What does build a system mean?

Focus on a niche, create a funnel, be very good at that niche, scale horizontally. EDIT: Picked attorney because you have to be licensed to practice law, creating a barrier to the equivalent of code bootcamps. My apologies if the model around the idea wasn't clear, I will do better!

Why is this seemingly general rule so specific to law (being an attorney)?
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