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Brex Layoffs

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Re: Brex Layoffs

#141

Post by oceanplexian »

gamblor956 wrote: post #79
atlasunshrugged wrote: post #46

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?)?

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.

It’s not even the complicated part, these are fields where people still use fax machines and wouldn’t use teleconferencing until they were dragged kicking and screaming through COVID (And even then, lots of courts were like, nah, we’ll just close court for a year, too bad for you)

Free market dynamics don’t apply. Healthcare is the same way because it’s controlled by an old guard backed up by the force of law. There is no way to disrupt because the system is rigged.

Re: Brex Layoffs

#142

Post by yellowapple »

elvis10ten wrote: post #82
what_ever wrote: post #73

Earlier quoted context omitted.

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

I see. I guess different strokes for different folks. For me, if my job or project is doomed, and my employer knows, I will rather they tell me immediately so I can start figuring out solutions ASAP. It doesn’t matter if it’s the holidays. The last thing I will want is to come back from a holiday in Portugal, spirits high, year plans made, but only to be told I am fired. But I can understand the other perspective.

I think it depends on the amount of severance you receive. A layoff happening in November/December with enough severance to cover what would've been the employee's wages/salary through February or beyond is kind of ideal; that way I'd get to spend the holidays as, well, holidays. Otherwise, I'd prefer it to be after the holidays, when businesses are ramping back up into normal operations and therefore I can reasonably hope for a faster turnaround time (and thus less of my own savings drained).

This time I got laid off it was the latter (last week), and while it's still stressful, I vastly prefer it over the last time I lost my job (right after Thanksgiving, with no severance).

Re: Brex Layoffs

#143

Post by elvis10ten »

what_ever wrote: post #138
elvis10ten wrote: post #82

Earlier quoted context omitted.

I see. I guess different strokes for different folks. For me, if my job or project is doomed, and my employer knows, I will rather they tell me immediately so I can start figuring out solutions ASAP. It doesn’t matter if it’s the holidays. The last thing I will want is to come back from a holiday in Portugal, spirits high, year plans made, but only to be told I am fired. But I can understand the other perspective.

The amount of time you have after you are fired is the same. If you are fired later, you get paid for a month or two AND are stress free with your family during the holidays.

Of course. However, the amount of time spent thinking consciously or subconsciously on a doomed project is minimized. The amount of time spent making decisions predicated on having the same job also. I can also savage any expensive holiday plans I made.

The keyword for me is the employer should let me know ASAP when something is doomed.

Again, this stress-free holiday with family is not a problem for me. I will rather be real about the situation than have my employer hide it for a month. They could give me an extra month of severance instead :).

Edit: I might be a minority on the earlier take.

I think the other argument that would affect other people is: these things always leak through gossip. When you hear of an imminent layoff and you don’t know if you will be included, it’s the worst type of stress.

Re: Brex Layoffs

#145

Post by [deleted] »

jupp0r wrote: post #44
mrsilencedogood wrote: post #23

Earlier quoted context omitted.

The laptop thing is usually less about clawing back property and more about preventing the laptop, potentially with customer PII and source code and other stuff on it, ending up sold on ebay or left laying around as a personal device to be eventually lost at an airport 3 years later, and so on. They take them back, wipe them, then either resell them to a reseller or reissue them to other employees etc.

If they are managed devices (which I hope they are at a fintech company), it should be trivial to remote wipe them before removing MDM from them to enable personal use/resale etc.

[deleted]

Re: Brex Layoffs

#146

Post by Gabrys1 »

mrsilencedogood wrote: post #23
Gabrys1 wrote: 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…

The laptop thing is usually less about clawing back property and more about preventing the laptop, potentially with customer PII and source code and other stuff on it, ending up sold on ebay or left laying around as a personal device to be eventually lost at an airport 3 years later, and so on. They take them back, wipe them, then either resell them to a reseller or reissue them to other employees etc.

Good point!

Re: Brex Layoffs

#148

Post by wdb »

what_ever wrote: post #73
elvis10ten wrote: post #69

Earlier quoted context omitted.

> 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.

What about Chinese New Year then? Also February not cool?

Re: Brex Layoffs

#149

Post by [deleted] »

JCharante wrote: post #99

> Waiver of the one-year equity cliff for those who haven’t reached theirs yet. That's nice, however I find it "unfair" that if you are offered X RSUs as part of your first year comp but they vest over 4 years then if you get laid off you lose them even if you already "worked" for them. My experience losing 40k worth of RSUs at my first job has certainly soured equity compensation in my eyes.

[deleted]
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