Earlier quoted context omitted.
Both of those are true assuming the lay offs come from different demographics. You lay off 1100 who are late in their career for younger people who will work more hours for less. You're building the future with new fresh people instead of the "dead weight"
> You lay off 1100 who are late in their career for younger people who will work more hours for less. Yet management always seems to miss the institutional knowledge, and experience, that also walks out the door laying off those 1,100 people 'late in their career'... It's not possible to cram 25 years of experience into two.
Cloudflare to cut about 20% of its workforce
411–420 of 1001 posts
Re: Cloudflare to cut about 20% of its workforce
#412Earlier quoted context omitted.
Very regional as well, Eastern europe is supposedly doing well, western europe (UK/NL) is doing alright, north america seems significantly worse
I've got a couple of friends that left London to go back to Poland during covid. They first continued to work remotely, but ended up switching to Polish companies because the pay was better.
Re: Cloudflare to cut about 20% of its workforce
#413Earlier quoted context omitted.
Wonder if they'll do it like they did for Brittany Pietsch. She recorded her firing video some years ago. I think it's on tiktok but there are youtube videos discussing it as well. Anyway, new employee at Cloudflare, just finished onboarding. Suddenly a short meeting is scheduled with two people she had never met before. She is told she is let go for "performance" reasons. She kind of tears into them with "what perfo…
HR doesn’t squirm because they are lying. They squirm because they minimize lawsuit surface area as much as possible. I have been on the giving end of performance layoffs in big corps and there is an extremely strict script you have to stick to (both HR rep and me as the manager). I saw the video you’re referring to and it’s completely unsurprising they clam up further when she became confrontational. You’re not gonn…
Re: Cloudflare to cut about 20% of its workforce
#414Re: Cloudflare to cut about 20% of its workforce
#415Earlier quoted context omitted.
Which part of that sentence was confusing? I found it perfectly clear. Their internal AI use is exploding, which is a signal that they need to structure for that, and so they’re laying people off as one of the first steps towards actioning that signal. Nowhere did they indicate there is less work to do, in fact quite the opposite.
The sentence is not confusing, the sentence doesn't mean anything. There's nothing confusing about it, but there's no information either. "We're making great strides in AI" and "We need to cut 20% of people" are simply two statements without any connection aside from the fact that they are next to each other in the sentence.
Re: Cloudflare to cut about 20% of its workforce
#416Earlier quoted context omitted.
Most of the time, management don't even know what they don't know. As a result, entire America lost engineers and builders and now don't even know how to build rails, factories and rockets to moon.
Have you missed that they recently sent a rocket to moon?
The biggest but not only example: https://en.wikipedia.org/wiki/Tom_Mueller (yes, lots of subcontractors involved, however, Nasa paid, with a bonus percentage provided by the US military)
Note that Mueller gives the payment situation at TRW, and the fact that he "wasn't appreciated" as a direct reason to go to SpaceX.
What did you think happened? Does anyone actually believe Musk did the technical design for that engine, just because he claims so? Or I should say he constantly claims it, staying slightly away from direct claims to avoid getting caught in lies (well ... getting caught AGAIN).
Re: Cloudflare to cut about 20% of its workforce
#417Earlier quoted context omitted.
Both of those are true assuming the lay offs come from different demographics. You lay off 1100 who are late in their career for younger people who will work more hours for less. You're building the future with new fresh people instead of the "dead weight"
> You lay off 1100 who are late in their career for younger people who will work more hours for less. Yet management always seems to miss the institutional knowledge, and experience, that also walks out the door laying off those 1,100 people 'late in their career'... It's not possible to cram 25 years of experience into two.
Re: Cloudflare to cut about 20% of its workforce
#418Earlier quoted context omitted.
It went down on poor earnings call. Layoffs were probably an attempt to soften the blow. Hard to tell what was the effect, because the two happened simultaneously
What was bad about the earnings? Every metric I am seeing is beating expectations. Genuinely curious
Re: Cloudflare to cut about 20% of its workforce
#419> Cloudflare expects second-quarter revenue of $664 million to $665 million, obviously $2.5e9ish/yr is substantial in absolute terms ... but that's it? They intermediate half the internet and only capture $7m/day?
Re: Cloudflare to cut about 20% of its workforce
#420Earlier quoted context omitted.
AI is a fraction of cost of an employee though right? I have an 1000$/mo AI budget which is a fraction of my salary, and most people don’t hit their limits.
Sounds like your company is burning 1000 dollars a month for something people are barely using. At some point those costs become unbearable and they admit that absurd AI budget was a mistake, or they admit no mistake and fire people. I know which they'll choose.