Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

LinkedIn laying off nearly 700, mostly from core engineering teams

cnbc.com

Post reply on HN
Print view View original

121–130 of 294 posts

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#121

Post by flextheruler »

jongjong wrote: post #72

Damn. The market is already so tough for software engineers right now and the supply of engineers is going to increase again. I don't see how wages can drop lower than they are now. I think some engineers may have to consider a career in construction, plumbing, retail or other. Software development is just not worth the hassle and strain. Not to mention that it has become laborious, repetitive and inefficient without…

Am I missing the sarcasm?

Even if what you’re saying is true about the SWE job market which I doubt what SWE would completely switch career paths to become a plumber and not just find a related IT position?

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#122

Post by omscs99 »

rocgf wrote: post #53
paxys wrote: post #24

Earlier quoted context omitted.

Is anyone really surprised? Did you think the end result of the WFH movement was going to be companies continuing to pay you to live out of your Bay Area house?

Anecdotally, in my circles, most truly thought that this won't have an impact in the compensation levels. Always struck me as incredibly short-sighted and your comment is actually the first I see that explicitly states what I thought as well. There is still an argument that, if you truly want top talent, then that top talent might actually want to live in high COL locations like NY or whatever.

> Anecdotally, in my circles, most truly thought that this won't have an impact in the compensation levels.

I mean, even if it does, it’s not that big of a deal. Fewer people propping up a ponzi scheme of a real estate market that tries to soak up as much surplus as it can get its hands on

Also, fewer incentives to remain in the US with its shitty excuse of a health care system and public school system

Edit: and shitty life expectancies in the US as well compared to developed countries. Also shitty work culture

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#123

Post by sebazzz »

LewisVerstappen wrote: post #3

> LinkedIn is now ramping up hiring in India, according the person familiar. So, laying off people in the US and hiring in India?

Microsoft has also been outsourcing parts of core development of other products, like dotnet and Windows components.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#124

Post by omscs99 »

paxys wrote: post #60
rocgf wrote: post #53

Earlier quoted context omitted.

Anecdotally, in my circles, most truly thought that this won't have an impact in the compensation levels. Always struck me as incredibly short-sighted and your comment is actually the first I see that explicitly states what I thought as well. There is still an argument that, if you truly want top talent, then that top talent might actually want to live in high COL locations like NY or whatever.

In the US maybe, but there is plenty of top talent in Hyderabad, Bangalore, Pune etc. A couple decades ago they would have all been lining up to immigrate to the US, but with the impossible visa situation and a thriving local startup scene no one really wants to leave anymore.

> no one really wants to leave anymore.

According to what exactly?

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#125

Post by catlover76 »

JohnFen wrote: post #112
monero-xmr wrote: post #87

Earlier quoted context omitted.

People love simple answers to complex problems. Unions are such an example. The core idea behind a union makes sense - it's legalised extortion. Unions have codified in the law the ability for everyone in the union to hold the owner of property at ransom until they meet the union's demands. The only counterweight is the threat of bankruptcy, which ruins everything for everyone, but because the ideology of labor is ve…

> The core idea behind a union makes sense - it's legalised extortion. How is it extortion, legal or otherwise?

I think the notion of "we are all going to quit and/or refuse to work if employer doesn't do (or does do) x" is arguably pretty extortiony. One could also argue it's just makes the market hyper-efficient by signalling the reaction of the supply of labor to a change in the asking price very quickly and directly.

I genuinely don't know why employers do not hire non-union employees in such circumstances; I think most of us assume they "can't", but would like to hear from someone who actually knows.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#126

Post by rngname22 »

jongjong wrote: post #72

Damn. The market is already so tough for software engineers right now and the supply of engineers is going to increase again. I don't see how wages can drop lower than they are now. I think some engineers may have to consider a career in construction, plumbing, retail or other. Software development is just not worth the hassle and strain. Not to mention that it has become laborious, repetitive and inefficient without…

Having data fluency, code fluency, you are already a valuable asset in many horizontal moves in tech companies and large companies with unavoidable tech bureaucracy - move to a sales role and now you can actually answer tough technical questions during prospecting or qualification without having to harass an engineer. Move to a PM role and have a better understanding of the level of effort of a task. Move to an operations role at a dinosaur conglomerate and use your scripting and automation abilities to outperform your peers and reinvent how your team works.

Learn to describe your experience and goals as a story that makes sense and is compelling.

Most white collar work would benefit from experience in software or data, whereas lifting 2x4s into place may not.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#127

Post by idconvict »

unpopular42 wrote: post #74
idconvict wrote: post #59

Earlier quoted context omitted.

Classic "all unions are corrupt" propaganda despite the evidence that they are extremely beneficial to workers. > While your union leader does nothing while driving a luxury car "While the CEO owns a couple private jets and the company initiates another billion dollar stock buyback" I'd take my chances on getting an occasionally corrupt union (that I actually have a say in) vs 100% of companies that couldn't care les…

> the evidence that they are extremely beneficial to workers Could you please cite the evidence? > While the CEO owns a couple private jets and the company initiates another billion dollar stock buyback Unlike the union leader, the CEO isn't working for you, so that private jet isn't coming out of your pocket, unlike the previously mentioned luxury car

> Could you please cite the evidence?

You can google, plenty of sources, but the best evidence is how hard every company fights to prevent companies from forming one. How much has Amazon spent on union busting?

> Unlike the union leader, the CEO isn't working for you, so that private jet isn't coming out of your pocket, unlike the previously mentioned luxury car

We'll probably disagree on this, but all profit comes from the difference between the value created by workers and the portion of that value returned to workers. There is no value without workers.

So, when a company does a $60 billion stock buyback. That $60 billion comes from the amount workers were underpaid relative to the value they created.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#128

Post by happytiger »

neovive wrote: post #57

> “As we continue to execute on our FY24 plan, we need to also evolve how we work and what we prioritize so we can deliver on the key initiatives we’ve identified that will have an outsized impact in achieving our business goals,” LinkedIn executives Mohak Shroff and Tomer Cohen wrote in the memo. Is this standard business communication lingo for layoffs?

It’s difficult to get that rich blow hard into that few sentences. I mean it takes a LOT of effort to get that much meaningless drivel into some kind of coherency that can be supported if you read it real slow. So… I’d say this is more top 10% of standard blowhard layoff notices. Definitely more blowhard than the standard stuff. This took honest blowhard talent.

Shroff and Cohen definitely deserve like a blowhard gold star for that. Rarely do you see such voluminous perniciousness that so effectively masks the real world consequences of ending peoples gainful employment. Real skill. Take notes.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#129

Post by paxys »

jongjong wrote: post #72

Damn. The market is already so tough for software engineers right now and the supply of engineers is going to increase again. I don't see how wages can drop lower than they are now. I think some engineers may have to consider a career in construction, plumbing, retail or other. Software development is just not worth the hassle and strain. Not to mention that it has become laborious, repetitive and inefficient without…

Relax, the market is fine. Tech salaries haven't taken a hit. A few thousand people (out of many millions) got laid off, and most have already found jobs again. A third of the initial wave of tech layoffs got rehired within a month (https://www.cnbc.com/2023/02/16/why-some-young-laid-off-work...). No need to join a plumbing class just yet. Take an online AI tutorial instead.

Re: LinkedIn laying off nearly 700, mostly from core engineering teams

#130

Post by catlover76 »

deviantbit wrote: post #92
hackernewds wrote: post #76

Earlier quoted context omitted.

Meddle with the free market? INCONCIEVABLE!

A free market is one that is protected. Unfortunately nothing in the USA is protected. Our borders, our jobs, our votes. Those in control only care about themselves.

Economic protectionism is mostly just a form of socialism (save for those sectors where it can be supported by a natsec rationale).

Me and many others are cool with socialism. Are you?

Post reply on HN