241–250 of 293 posts
Earlier quoted context omitted.
Elon cut 80% of twitter staff and...well it's still there. Every tech CEO was watching that closely, and it didn't come out in the workers favor.
Twitter is nothing like it used to be.
[1] https://en.wikipedia.org/wiki/List_of_most-visited_websites
What is it with companies doing mass-layoffs and stating no reasons whatsoever, in fact giving reasons why there's no need: > Second, Patreon’s core business is healthy and strong, and we’re going to be a rock for creators for decades to come. Hundreds of thousands of creators rely on Patreon for their livelihoods, businesses, ... > We’re reducing the size of our team by 20%, or ...
I assume it is legal reasons.
Patreon just does this every few years. At least Jack Conte didn’t post a video of himself crying about it this time.
First layoff was in 2022, 17%, claimed reason: economic downturn.
That was the last layoff.
So by "every few years" you mean, a single time a few years ago, yea.
Buckle in, our economy is flushing!
Earlier quoted context omitted.
Getting rid of headcount was probably an easy choice, but picking how many and who stays can still be hard.
I am pretty sure they opened their excel sheet, ordered the employees by salary, and got rid of the highest paid 10% of each department. Or the lowest performing 10% based on a score in the excel. They are just numbers to them
The only possible positive thing out of this cringy article is that the severance is decent (for a US company). 4 months of pay and healthcare coverage through Year end. Everything else could have just been a couple of sentences. Companies need to stop doing this melodrama every time they decide to fire people. Everyone knows the goal is to make money and keep a company profitable for their shareholders. Why these me…
It’s because, and I say this as a person who has made these calls, some leaders do feel a genuine responsibility for the people that work for them. Perhaps too, the ones that don’t, want people to think that they do. But as a founder and CEO by far the most emotionally taxing thing I have ever had to do is cut staff for the good of the company. You want to treat people the way you would want to be treated if you were…
Ofcourse the corporate class starts complaining nobody has loyalty and passion anymore.
Patreon just does this every few years. At least Jack Conte didn’t post a video of himself crying about it this time.
Kind of tone deaf of him to post a somber layoff message below his open-mouth laugh-smiling profile picture.
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Kind of tone deaf of him to post a somber layoff message below his open-mouth laugh-smiling profile picture.
Lol imagine if he had changed his profile pic just for this. I don't think that would make him look any better.
The only possible positive thing out of this cringy article is that the severance is decent (for a US company). 4 months of pay and healthcare coverage through Year end. Everything else could have just been a couple of sentences. Companies need to stop doing this melodrama every time they decide to fire people. Everyone knows the goal is to make money and keep a company profitable for their shareholders. Why these me…
No matter what, people who write articles about layoffs like this go straight onto my 'people to stay far away from' list. He is on it since the crying video of the last round of layoffs.