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Joist lays off 60 employees in Toronto as company relocates to SF

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121–130 of 138 posts

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#121

Now that they've gone to the expense of moving their remaining 30 employees to San Francisco and have demonstrated such incredible loyalty to their employees, let's see how many of those remaining 30 take advantage of the many opportunities in the Valley to jump ship.

The company is probably hoping that the L1/TN visas will keep them loyal.

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#122
post #3

This is a good example of why you should treat interviews as a two way street. Don't just worry about convincing them that you are the right candidate. You should also try to determine if they are the right employer.

People should have asked if they plan on relocating to another country within the week?

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#123

Earlier quoted context omitted.

Out of curiosity, how does the process of job hunting work in the Ontario area if they get a job in SV? Does the SV company offer a visa permit or does the student apply for work permit in advance?

I'm a Canadian who recently relocated to SV from London, UK. Before that I was at RIM/BBRY in Waterloo. After receiving my job offer and an invitation letter from the company I flew to the US and, at the border , applied for a "TN Status". Cost me $50 and about an hour and a half. It gives me a 3 year work permit at my employer, which is renewable.

Very fascinating, thanks Kyle!

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#124
post #118

Earlier quoted context omitted.

Out of curiosity, how does the process of job hunting work in the Ontario area if they get a job in SV? Does the SV company offer a visa permit or does the student apply for work permit in advance?

Particularly for Canadians Americans going across the border int tech, this is made quite easy by the TN "visa" program (it isn't really a visa, but part of the NAFTA agreement). In other cases, the work status conversation is an important part of hiring and negotiation.

Thanks for this Ska! It's clearer for me now

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#126
post #35

I came to the valley in a forced relocation some time ago. In that case, we also lost >50% of the team, including engineering. (I stayed until my green card came through then jumped ship.) It was clear, though, that the VPs and up didn't care, because they had their heart set on being Silicon Valley Executives, and damned if they were going to let the rank-and-file get in their way. They were so caught up in the glor…

Yeah, it doesn't feel like things really ever work out, retention-wise, for companies that move from elsewhere to SV. Invariably they make "cost of living adjustments" to comp, but never enough to actually be competitive with the infamous SF/SV market, and so their talent drains as soon as they set foot in the Bay Area. This particular news about Joist is just confusing - it looks like they've laid off a huge portion…

It does sound like they kept most of their engineers, and shed mostly CS staff - which shows a remarkable disdain for those positions. I would be very nervous about working for this company in one of those positions in the future.

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#127
post #111

Earlier quoted context omitted.

I was apart of the reddit exodus when they closed the Salt Lake City and New York City offices (I was in SLC.) It only took me 90 days which was the minimum requirement to not have to pay your moving expenses back. Since then, which happened in January 2015, I would roughly estimate that 50-60% has turned over at reddit. All of this to say it typically doesn't end well for the company unless this is what they're plan…

To be clear, you took the relo package, waited the minimum number of days, then jumped ship?

The answer to your question is yes, that's the way it worked, but I didn't do it intentionally. My next company just happened to call right around then.

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#128

I've worked with Joist's CTO before and he's got a very high ethical standard and strong commitment to teams he's a part of. I'm sure this decision was not an easy one. Bottom line, we need freer trade to make international boundaries irrelevant to business.

His company just hired a couple of people and let them go a week later in a layoff. Clearly, the problem is the international trade system, nothing to do with management's ethics or lack of commitment to its team members.

OK...

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#129
post #35

I came to the valley in a forced relocation some time ago. In that case, we also lost >50% of the team, including engineering. (I stayed until my green card came through then jumped ship.) It was clear, though, that the VPs and up didn't care, because they had their heart set on being Silicon Valley Executives, and damned if they were going to let the rank-and-file get in their way. They were so caught up in the glor…

>> There is no way it's difficult to hire talent in Toronto, which consistently ranks as one of the most desirable cities in the world. It's not hard to hire talent in Toronto if you're willing to pay full price. In my experience, a lot of startups will try to use the lure of risky options/equity/bonus promises with the occasional signing bonus in exchange for a "startup discount" on the base salary. Combine high liv…

Sure - now take that situation, and throw into the mix having Google and Facebook 30-mins away and them having the budget to outbid you on anybody they want at any time. That's what Joist management is walking into by moving to SF.

Re: Joist lays off 60 employees in Toronto as company relocates to SF

#130
post #12

Earlier quoted context omitted.

I've always wondered what happened to the hardware and software talent from RIM, now that they've pretty much stopped producing anything useful.

This guy worked at RIM back in the day. Amazingly talented. https://www.youtube.com/user/Matthiaswandel

We must always take some time to enjoy his seminal work, the BlackBerry cannon. https://www.youtube.com/watch?v=J1239rkV8bQ
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