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Consumer spending is continuing to steadily grow.[0] [0] https://fred.stlouisfed.org/series/PCEC96
That seems to stop showing any data later than Mar 2022?
The trends in market valuations have been consistent for several months now though, going back into last year. Whereas any collapse in consumer spending has yet to manifest itself for any longer than a month and a half.
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Fine, I concede that point and agree, but at the end of the day it really doesn't matter. Everyone certainly knows exactly what he's talking about - it's not like he's being ambiguous.
I believe that clear, concise communication should live at the top of every message. Thoughts, feelings, explanations; that stuff goes down below. "Today, I have to announce unpleasant news: in the coming days, Klarna will be downsizing our workforce. If you are impacted, you will receive a meeting request shortly to discuss specifics for your separation. Even though I've been a CEO for BLAH and this is HARD and BLAH…
The letter is sent to employees, get impacted is explicit enough for the targeted audience.
Do not conflate perception gap and intended ambiguity.
No matter how through presented, message can get lost for anyone because of non-overlapping background in understanding. Neither the author nor the readers should feel negatively about that.
I think it's sad to see a CEO who doesn't seem to care all too much about hiding the fact that it isn't just the Ukraine, inflation, and it probably isn't the recession that is demanding this. It's everything he and his team did leading up to this. A convenient way also to use points at everything around us to justify a trim and rebalance of the culture and operating cost. I always felt that good CEOs (from a culture…
No, the reason why lay-offs are happening is exactly because of inflation and the likely upcoming recession.
Klarna seems like horrible company to work for from what I have read on HN. IQ test for interviews, mass layoffs with little self awareness, and very low pay compared to the US.
Basically all places in Sweden pay little when compared to the U.S. There are very few exceptions.
What does it look like to fire someone in Europe? As an outsider, all I’ve heard is that it looks very different from the US. What does the author mean by ‘associated compensation’?
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Looking at the Wikipedia-article, it appears to apply to unionized workplaces, and Klarna is not one of them. There are of course ways you can part with your employer that falls outside this law - you can be asked to waive your rights, in some cases against compensation. Your employer can also choose to break the law and bank on you not knowing your rights/not feeling equipped to fight for your rights.
> Klarna is not one of them Are you sure they don't fall under Unionen or some other TCO org?
Klarna seems like horrible company to work for from what I have read on HN. IQ test for interviews, mass layoffs with little self awareness, and very low pay compared to the US.
My company does an IQ test for interviews, but I rank it among the top places I've worked at in my career. Do you have any evidence that IQ tests are only done by companies that are bad places to work at?
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Layoffs start from the most-recently-hired employee and work back by seniority.
This is required by government and why?
There are ways of doing it, it's just slightly more complicated than just doing it directly.