11–20 of 44 posts
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
Once a company or two uses these phrases it become politically acceptable to repeat them because they have now been "vetted". Contrarian or outsider views are not well received most of the time despite all of us wanting to believe we're different/unique/contrarian.
Humans are such an interesting species.
Earlier quoted context omitted.
I mean it doesn't matter in the sense if those laid off can't find a job easily. The numbers are starting to build up.
You are correct that if you are unemployed and looking for a job it doesn't matter. All you see is increasing competition in the job seeker market and that sucks. But it does matter for people who are employed and looking for jobs. If you are unhappy and/or underpaid at your current job, layoffs all caused by larger market forces might be interpreted as a hint that you should think about staying at a "safe" job unles…
That's an excellent point. I'm itching to leave my company at the moment, but I've avoided looking elsewhere because it's relatively "safe" (for now), so you're spot on. This also appears to be the case with literally everyone I've spoken to about the topic in my social circle. That being said, all those people have reported recent layoffs at their companies; across many different sectors and income brackets. My sister works in healthcare and said the hospital just sent out letters notifying everyone of upcoming layoffs.
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
Earlier quoted context omitted.
>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
For the greater world I'd say definitely.
Could you elaborate? I honestly don't understand...
The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed.
https://www.globalpropertyguide.com/investment-analysis/The-...
Opendoor is US only (as far as I know) so the layoff justification just seems silly.
It's hard to understand if this is actually related to layoffs based on larger market forces, or just a once a year house cleaning. I've worked at places that laid people off once a year. It's a common way to give managers a way to get rid of under performing employees without the hassle of going through a PIP. The manager gets rid of a bad fit, the employee gets some severance, so both sides get something. But since…
I mean it doesn't matter in the sense if those laid off can't find a job easily. The numbers are starting to build up.
For example, if you've been working on a database system for 8 years, there aren't that many companies that need to develop their own internal database system so the matches are slimmer. Or if you've been doing SRE on 1k k8s clusters, there aren't that many companies that are doing k8s at that scale and working at lower scales is completely different.
Another thing with going from a mega corp to a startup/smaller business is the expected performance. Mega corps are slower with low acceptance of errors while smaller businesses are faster with a higher acceptance of errors.
This doesn't even factor in that it also seems like smaller companies are also doing downsizing at the moment. I'm seeing smaller companies add in policies which are clearly designed to make people want to quit to companies getting rid of all of their remote devs because they're the easiest to fire. The job market doesn't look good right now.
Earlier quoted context omitted.
You are correct that if you are unemployed and looking for a job it doesn't matter. All you see is increasing competition in the job seeker market and that sucks. But it does matter for people who are employed and looking for jobs. If you are unhappy and/or underpaid at your current job, layoffs all caused by larger market forces might be interpreted as a hint that you should think about staying at a "safe" job unles…
> If you are unhappy and/or underpaid at your current job, layoffs all caused by larger market forces might be interpreted as a hint that you should think about staying at a "safe" job unless you really hate it. That's an excellent point. I'm itching to leave my company at the moment, but I've avoided looking elsewhere because it's relatively "safe" (for now), so you're spot on. This also appears to be the case with…
After I left, I realised how much of a negative effect the company was having on me. I had coworkers point it out and say they were sad about it but I never realised it myself until after I left and realised the difference just in my dreams nevermind all the other stuff.
Earlier quoted context omitted.
For the greater world I'd say definitely.
>For the greater world I'd say definitely. Could you elaborate? I honestly don't understand... The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed. https://www.globalpropertyguide.com/investment-analysis/The-... Opendoor is US only (as far…
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
The only shocking things about this layoff at Cisco, which happen about once a year, is that it didn't happen during their normal time in the summer and that the numbers are so modest.