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Startups Are Scooping Up Big Tech’s Cast-Off Workers

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Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#101

Post by deeviant »

M3L0NM4N wrote: post #35
choeger wrote: post #33

Earlier quoted context omitted.

In Germany, it's not the social system per se but it's aoparent utter ineffectiveness. We're paying more and more every year but the state/public system seems to fail everywhere and worse so than the year before. It's like the money is completely sucked up by some unproductive black hole. And no, it's not because of reduced taxation from rich to working class, or missing taxes on property or some other policy. These…

That is, in my opinion, by far the strongest argument for lower taxes. The money we (the US) do spend in education/healthcare/infrastructure is already poorly utilized, why would we want to spend more and end up like that? To simplify it dramatically with an example, I'd rather pay $3 on the toll road and $50k for a surgery myself than pay $10 in taxes towards the road and $100k in taxes towards the healthcare system…

So because the government is perceived to be bad at stuff, we should instead redistribute (an even greater part of) the wealth to rich people, because they do a really good job bring societal good with their piles of gold?

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#102

Post by nicenewtemp84 »

fmajid wrote: post #21

Many are going to start their own startups and the seeds for the next Cambrian explosion are being cast today, just as they were in 2001–2003 or 2008. That said not all Big Tech employees can deal with the hustle required at a startup.

When layoffs happened in the past, they were laying off old school enthusiasts because the companies just weren't working.

Now, they are laying off people that went into tech because it seemed like easy money.

It's not the same caliber of tech person.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#103

Post by nicenewtemp84 »

miiiiiike wrote: post #10

If it's anything like 2011-2015 these former-FAANG employee heavy startups are going to be desiccated once FAANG decides to start hoarding talent again.

If you let your bottom 20% performers go, what are the odds you'll want them back?

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#104

Post by zer0tonin »

RestlessMind wrote: post #88
ant6n wrote: post #31

Earlier quoted context omitted.

In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay. In Germany you can get 6 months of unemployment insurance when starting a startup out of unemployment. Or get 6 months paid when starting a startup out of Uni. Then you could get various public funding opportunities like a startup bonus (for example 50K public funding for 50K private investment in an innovati…

> In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay. Then why does France have such a low rate of new business formation (5.3/1000 people) - https://data.worldbank.org/indicator/IC.BUS.NDNS.ZS?most_rec... Or as another indicator, number of tech startups per Million is 234 for the US, while only 24 for France - https://www.startupranking.com/countries

3 things:

- the culture is not the same as the US. French people tend to be very financially risk-averse

- the VC eco-system in France exists but it is trash

- people who have the skills to create startups in France tend to do it outside of France because they will have access to better capital/labor markets (for example, DataDog and Docker both have french founders)

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#105

Post by hef19898 »

trollerator23 wrote: post #89
Demoloto wrote: post #30

Then move if you don't like a social government... You do understand that USA rich people living of the life's of the poor? No proper health care etc for people cleaning their flats or flipping their burgers...

[flagged]

And people cannot be both, hackers and having a social conscience?

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#106

Post by lesuorac »

M3L0NM4N wrote: post #35
choeger wrote: post #33

Earlier quoted context omitted.

In Germany, it's not the social system per se but it's aoparent utter ineffectiveness. We're paying more and more every year but the state/public system seems to fail everywhere and worse so than the year before. It's like the money is completely sucked up by some unproductive black hole. And no, it's not because of reduced taxation from rich to working class, or missing taxes on property or some other policy. These…

That is, in my opinion, by far the strongest argument for lower taxes. The money we (the US) do spend in education/healthcare/infrastructure is already poorly utilized, why would we want to spend more and end up like that? To simplify it dramatically with an example, I'd rather pay $3 on the toll road and $50k for a surgery myself than pay $10 in taxes towards the road and $100k in taxes towards the healthcare system…

> I'd rather pay $3 on the toll road and $50k for a surgery myself than pay $10 in taxes towards the road and $100k in taxes towards the healthcare system but receive both of them for "free".

That would be a nice scenario to choose to be in.

However, the US _government_ pretty much spends more per-person than those countries with a social net [1]. So in reality, you're paying those taxes of those social countries and also getting to pay private insurance ontop of that. Although current taxes are lower than the social countries since the government's expenditures are debt financed but if the USG were to stop they'd have to raise taxes to pay it with revenue and then you'll be really wondering why you're paying the same in taxes as the EU and not getting EU benefits.

[1]: https://data.worldbank.org/indicator/SH.XPD.GHED.PP.CD?most_...

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#107

Post by ramesh31 »

ouiouiaway2 wrote: post #95
RestlessMind wrote: post #88

Earlier quoted context omitted.

> In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay. Then why does France have such a low rate of new business formation (5.3/1000 people) - https://data.worldbank.org/indicator/IC.BUS.NDNS.ZS?most_rec... Or as another indicator, number of tech startups per Million is 234 for the US, while only 24 for France - https://www.startupranking.com/countries

[flagged]

>Because the French couldn't give a fuck about making money.

lol.

There's about a dozen African countries who would like a word with you.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#108

Post by itsyaboi »

fsociety wrote: post #73
KyeRussell wrote: post #12

Cue some until-now-insulated Big Tech workers getting a huge dose of culture shock when they see how work is done somewhere without their own money printer.

Sounds like you hate people who have worked at FAANG. Why is that?

Words have meanings and slapping the "hate" label on anything you find mildly distasteful leads to disingenuous discussions. The parent comment is being dismissive at worst.

Assuming you're not sealioning, FAANG employees have a reputation for being entitled: see the famous "What, sushi again?" quote.

(The site hosting the original article seems to down: https://www.linkedin.com/pulse/waze-ceo-skewers-silicon-vall...)

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#109

Post by zer0tonin »

nicenewtemp84 wrote: post #102
fmajid wrote: post #21

Many are going to start their own startups and the seeds for the next Cambrian explosion are being cast today, just as they were in 2001–2003 or 2008. That said not all Big Tech employees can deal with the hustle required at a startup.

When layoffs happened in the past, they were laying off old school enthusiasts because the companies just weren't working. Now, they are laying off people that went into tech because it seemed like easy money. It's not the same caliber of tech person.

This claim is completely un-substantiated. Many people around me who have been laid-off are extremely talented engineers.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#110

Post by hef19898 »

ouiouiaway2 wrote: post #95
RestlessMind wrote: post #88

Earlier quoted context omitted.

> In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay. Then why does France have such a low rate of new business formation (5.3/1000 people) - https://data.worldbank.org/indicator/IC.BUS.NDNS.ZS?most_rec... Or as another indicator, number of tech startups per Million is 234 for the US, while only 24 for France - https://www.startupranking.com/countries

[flagged]

Isn't the currently richest person on earth French?
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