31–40 of 102 posts
hey the economy is doing great, what you are feeling is a "vibecession". Don't look at the hundreds of thousands of tech employees fired in the past 2 years.
Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.
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Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.
except I know so many out of work that are not in tech. Finance is getting destroyed right now, also media, learning and pharma. Govt jobs and travel jobs lost during covid seem like the only thing thats out there. The economy is absolute garbage right now and the media has been gaslighting everyone saying its all in our heads.
I'd really like to know why there's such a huge different between e.g. the US, UK and Denmark. It may have to do with declining population in Denmark. Or maybe US companies over-hired, because they could, but those people would have had to go somewhere else.
[1] https://www.dst.dk/da/Statistik/emner/arbejde-og-indkomst/be...
Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?
That's .... pretty damn good, actually. 2 months is already way above "average" and adding weeks per year is ... nice.
US corporations have become so large, they have started to function internally not unlike the fully fledged managed economies of the USSR. A bunch of MBAs acting as petty dictators hiring and firing at will, driven by nothing more than a few financial indicators and their intuition, i.e. they are making it up as they go, just like Stalin and Mao were doing back then.
Reddit is far worse than HN, and no one has time to correct all the anarchist teens.
US corporations have become so large, they have started to function internally not unlike the fully fledged managed economies of the USSR. A bunch of MBAs acting as petty dictators hiring and firing at will, driven by nothing more than a few financial indicators and their intuition, i.e. they are making it up as they go, just like Stalin and Mao were doing back then.
I understand it makes sense financially and that once companies become that big they are essentially playing two game (what they do game, with the workers, and what they're worth game, with the investors), but this really doesn't help with the dissociation more and more people are feeling between the stock market / modern management of companies by mba on one side, and their "real" every day live on the other.
I'm very lucky to be well off enough to not have to worry about things like that anymore, but I can't imagine the rage you must feel when fired not because you made a mistake, or are bad, or your project failed, or your division is doing poorly, or your company is, but because someone decided the employee ticker must reach that number, and now if it's not done the market will decide it's a failure, so you won the inverse lottery.
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A semantic difference only. They were "made redundant", "let go", "laid off", "fired", "terminated", and any other set of convenient choices.
Not so. Being included in a RIF (reduction in force) is legally different than getting fired. Ask anyone who knows anything about corporate HR.
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That's on top of "two months wages" base, which is already pretty generous. I'm not sure what you're expecting here? 2 months base + 1 month per year?
don't think 2 months is generous
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That's .... pretty damn good, actually. 2 months is already way above "average" and adding weeks per year is ... nice.
Grading exit packages on a curve instead of what workers deserve only carries water for Dell and sets an ever lower bar for every subsequent round of layoffs.