341–350 of 1001 posts
i'm gonna write this terrible news in all lowercase cause it's super aesthetic. maintain a bit of professionalism for the 4,000 people whose lives i'm throwing into turmoil? i don't think so, i have my shift key taped over so i don't accidentally show respect to anybody
>we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. In my country, this action would be literally illegal. Even in countries where it isn’t, it feels highly immoral. “I’m not in any kind of pressure to do this but I’m choosing to shed the people who created my wealth for greater…
Increasing the cost to fire, increases the cost to hire.
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The Twitter layoffs being used as proof of _anything_ is misguided no matter what you're trying to say. If success is losing half their revenue, reverting to revenue numbers from a decade ago, I gotta know what failure looks like. You might argue that the revenue losses aren't correlated to their headcount changes and probably make a good argument, but I mean... It's not a great one
Really? Revenue loss was pretty directly tied to Elon replying and supporting some "jews vs whites" type posts in Nov 2023. That caused Apple, Coke, and many other large clients to stop advertising.
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To be fair X has significantly declined as an experience since Elon laid of 80%. I assume many of those he laid off were soft skill people that helped curate the experience.
As you know, this is a subjective take. (I enjoy my experience there more now, for example, with less social politics in my feed.) And their head of product claimed that X only has around 30 FT employees apparently working on it, so it's much more than 80% since then. https://www.ndtv.com/feature/x-head-of-product-claims-compan...
Right now is exactly the time when we need to pause issuing new or transferring existing H1B/L1/other work visas for least a year until we know full impact of AI on economy and employment.
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> Nice severance; but in this job market, holy shit. I just talked to a bunch of recruiters (we're hiring) and their main piece of advice was: The market is crazy. Move fast . We're seeing people getting jobs within days of starting to look, bailing on offers after signing because they got a better offer somewhere else, etc. 24 hours is the longest you can leave a candidate waiting. You have been warned edit: I am in…
I'm in NYC which I think has similar demographics to SF in this regard; I found my job in August of last year, after about five months of searching, and I found it because a friend of mine referred me. It's a good job, and I like it, I'm grateful for that friend. Regardless, it's not like that was the only job I applied to. I had a policy of applying to at least ten jobs a day, so I applied to about ~1500 jobs, and l…
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40% actually seems reasonable for a flip into maintenance mode. That’s what PE firms do when then buy cash cow businesses. Dramatically cut engineering on new functionality, cut back on sales and marketing, remove all redundancy in operations. Anyone who has counted on a vendor that went private or was bought by a rollup firm has felt this pain. Better to do it all at once than repeated declines.
I first entered the workforce at IBM and several months later they did layoffs (resource action). Every six months after that for my 6ish year tenure there were more resource actions. To this day I walk into the office each morning thinking today may be the day I get laid off. My wife doesn't think it's a healthy mentality, but I'm not sure I know another path of life. This is to say at least it's done in one fell sw…
I don’t get demoralized at all. I’ve had 10 jobs in 30 years. When a company decides or I decide that the deal of they give me money and I give them work doesn’t work for one of us - I move on.
And I found a job quickly with multiple offers after being Amazoned in 2023 and again in 2024
I don’t think we’ll ever return to the glory days (2007-2023). Software engineering in the next few years will become as cool as accounting or HR (as in not cool at all). Just a generic white collar profession like it was maybe in the 80s.