Hmm Goldman has been trimming 5% or so every year, and looks they have been doing fine so far.
Layoffs Don't Work
621–630 of 801 posts
Re: Layoffs Don't Work
#622Earlier quoted context omitted.
Not passing any judgements on any life choices here, but occasional months off sounds like a good thing. I would not necessarily need to go anywhere to enjoy (make use of) the time. The notion of getting a month off with pay sounds good.
That sounds good, so long as there is similar employment at the end of it. As a sabbatical it sounds great. As a layoff, the uncertainty sounds crushing. It could take months to find a new position, especially with the disadvantages I have, I would likely need to start looking immediately and wouldn't be able to enjoy it.
Another benefit of the EU. Yearly month of vacation with very little fear of termination
Re: Layoffs Don't Work
#623Earlier quoted context omitted.
Just to be clear, I mean time off and returning to the same job. Shouldn't we be aiming for a future where we do not have to work like dogs to earn enough to struggle at home?
How do you do this? Taxes? Increase worker salaries? Government funded health care? Access to cheap labor is what really drives economies. Market forces are what drive labor salaries. More people cheaper labor. It used to be in the 60s, 70s, and to some extent the 80's a single wage earner was enough in a family. By the end of the 80's it became clear that 2 wage earners was how people got ahead in life.
We don't let the billionaires suck of 90% of the revenue, that's how. Them making 10% of their current salaries stock would still have them well well into retirement.
Oh, and not doing 2 trillion in tax cuts for the rich would help.
Re: Layoffs Don't Work
#624Does anyone here understand the "The consistency of layoffs" graphic? The best guess I have is that the number of layoffs in each year is indicated by some sort of measure of the "overall height" of that slice of the image, so e.g. somewhere around 2020 the number is very large. But it's not at all clear, and it's especially not clear which if any of the various small-scale ups and downs we are supposed to take serio…
Truly a terrible graph.
Re: Layoffs Don't Work
#625Earlier quoted context omitted.
This is ultimately what some of the risk comes down to: you invest time(a decade is a long time!) into creating meaningful relationships at work and one day you come in to have your key card de-activated and some corporate speak as to why. There are certainly people working on truly meaningful projects out there, with teams they trust and adore...but for most of the workforce, even in tech, its just work and any fun…
How is this different than the manager who has spent years developing an employee - making sure they are getting the experiences they need to build a better career, hiring the right people to complement the team, fighting for bonuses and pay raises - only to have them quit to join the next company for a 10% raise. It is difficult to build a long-term culture when society seems to expect job hopping to rapidly advance…
A company can definitely afford a 10% raise, and they instead choose a 20% raise from someone they headhunt.
An employee doesn't have much control of suddenly being locked out of their workspace.
>it is odd that HN comments rarely seem to include a manager’s perspective.
Managers can be screwed by the company too, yes. I understand such decisions aren't always their call.
Re: Layoffs Don't Work
#626Earlier quoted context omitted.
I've never seen people leaving great jobs for a 10% raise. It's always something else: a much bigger benefit, or a significant downside of the current job, which are not widely publicized. Instead, I've seen people going to a lower -paying position for a more interesting job, a chance to learn new hot thing hands-on, a different set of responsibilities, etc.
I worked with a guy who left for more money, found out the grass wasn’t greener, and came crawling back. Then did it again. For some reason they hired him back a second time. When he quit the 3rd time I think that was the final bridge burned. I asked him about it and he said money was his singular metric for choosing a job, he was always looking, and would never stop.
Clearly money wasn't the only factor if he crawled back. Was he terminated or something?
Re: Layoffs Don't Work
#627Earlier quoted context omitted.
This mentality is why people don’t get promoted internally, which leads to the job hoping in the first place. Fix this and a lot of the job hoping problem goes away.
Job hopping is not a problem, it's how you get ahead quickly.
Monetarily, sure. But that's because companies are so hesitant to give raises but love to hire new people.
Re: Layoffs Don't Work
#628Earlier quoted context omitted.
Job hopping is not a problem, it's how you get ahead quickly.
You just described the symptom of a problem.
Well yeah, the problem is capitalism. The least you can do is try to tilt the scale in your favor as much as possible. That’s absolutely what capital is doing all the time.
Re: Layoffs Don't Work
#629Earlier quoted context omitted.
Big tech interviews tend to be daunting. Many long term employees lose the skill, and fear the impact of work interruption on their resume as well as their ability to get in again. Anecdotally, the LC bar for many firms has risen to the point that passing requires at least one through of the question before. If you Time bound your practice per question to 20 minutes, this means that you can solve most LC problems at…
> I'm unclear what employers are deriving from this exercise at this point It filters out the complete frauds. Yes, there are people who know all the right things to say in a job interview, but cannot code at all. If you hire one of them, it takes a bit to find out they cannot code, and a bit longer to fire them, so you're out $$$$ paying their salaries for nothing. For example, a recruiter I know will ask a tech can…
I'm still surprised how were 3 years into this horrible market and we still have people that just go "yeah bad employees just grind leetcode".
It's not about skills at this point, companies just want to pretend to hire while not admitting we're now heading towards a recession.
Re: Layoffs Don't Work
#630IMO its both ends. Overhiring and layoffs are both indicators that managers need a strategy change. Unfortunately Wall Street boys don't understand that employee productivity is directly correlated with stability. People don't actively try to improve how they work if they expect to be switching a job or getting laid off. You need employees to build a sort of nest where they want to be most productive in. Both overhiring and laying off is extremely destructive to the company because you increase volatility in social dynamics.