151–160 of 613 posts
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It won't be 2007-2008 bad, but there will be a recession. First lay offs tend to be the R&D.
I agree I don't think it'll be 2007-2008 bad. I think it'll be worse. Covid, Ukraine, Remote Work, etc are all hammering the economy.
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Remote work is bad for the economy. I've seen this claim a few times now. Are we actually sure it's true? Or does it just shift long-term spending trends? For example maybe people don't go to lots of inner city coffee bars in business districts any more but local cafes near residential areas are thriving. Maybe people don't stop in big stores on their way home from work but home delivery services are thriving. Maybe…
> For example maybe people don't go to lots of inner city coffee bars in business districts any more but local cafes near residential areas are thriving. People don't buy coffee on the way to work, people don't buy coffee on the way home, people don't buy sandwiches and snacks, people don't spend money on commuting, people don't spend money at resturants for launch, companies stop having team lunches. People don't go…
We used to be better about cooking meals for the week and bringing them to work, right now we only sometimes eat last night's leftovers for lunch.
I've got more restaurants within 5-10 minute drive of my house than near my old office.
Coffee is a valid point though. We mostly make that at home now. But then again at the office I just got coffee from the Keurig in the break room, so not much difference there either. We still get Starbucks or Dunkin Donuts coffee about twice a week, usually on the weekends.
Starbucks, at least, seems to have completely recovered its dip in revenue in 2020 and was making more revenue than ever (until the slight dip this most recent quarter, due to the national economic downturn) and doesn't need any extra help:
https://www.macrotrends.net/stocks/charts/SBUX/starbucks/rev...
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That's actually pretty standard practice. An official layoff at a large company is going to be kept to a pretty tight circle until it is officially announced. It isn't uncommon for hiring managers to be unaware and only know that currently they have open head count, even if the plan in the works is to include open positions as part of the reduction in force.
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It would seem to me any time a 10% layoff is announced you can expect another 10% to leave over the next year. Smart people will see the writing on the wall and they always have a couple recruiters in their back pocket. Employers would want to layoff the bottom 10% obviously but they're going to shed serious talent too as they get the full court press from recruiters.
What is the writing on the wall, specifically, for Tesla though? They're ramping up two new factories and have a massive product lineup outlook. Electric is the future and, while this recession will last a couple years, will be the winning strategy long term. It's hard not to be long Tesla and take this financial turbulence as that, turbulence.
This is an investor perspective though, not an employee perspective. When it comes to jobs, "just sit and wait" is not necessarily the best strategy.
Uh,ok... Two days ago the "Who is hiring" thread here had something like 20+ software engineering positions for Tesla. https://news.ycombinator.com/item?id=31585021 More erratic decision making from Mr Musk. Like, I dunno, the time he told Twitter he was taking Tesla private while tripping on LSD. He needs to step aside from Tesla at this point.
Not defending Tesla or Musk specifically here, but this happens all the time. Until you're ready to announce to internal staff (and publicly, if you're large enough) that you're in a hiring freeze and/or doing layoffs, you need to keep up appearances that things are operating normally, even if that means keeping up the recruiting pipeline for positions that you have no intention of hiring. The absolute worst thing yo…
Earlier quoted context omitted.
That's actually pretty standard practice. An official layoff at a large company is going to be kept to a pretty tight circle until it is officially announced. It isn't uncommon for hiring managers to be unaware and only know that currently they have open head count, even if the plan in the works is to include open positions as part of the reduction in force.
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A couple of days ago somebody posted this Reddit thread: https://old.reddit.com/r/cscareerquestions/comments/v2lpdw/e... "Tesla expanded massively during Covid, as of now half of the dev team(including me) don’t have parking space or desk. It’s physically impossible for everyone to return to office. "Should I ignore the email, or should I drive to the office and sit under the stairs?" Commenters' general feeling was…
Interested to see this go down in parallel with Elon's "everyone must be in office decree". I have multiple friends that work at Tesla and at least one of them has it in their work contract to allow remote work for at least a year (they started 2 weeks ago). Not sure how his decree will work out (though I have only heard about the employment contract, not actually seen it).
In the US (and many countries) we don’t actually have work contracts as full-time employees. Offer letters aren’t contracts, as an lawyer will remind us.
Companies can, and will, change employment terms and compensation as they want.
Tesla does have an exception process for remote work, though.
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The idea of shareholders sidelining Musk is crazy. Shareholders paid him tens of billions to stay after he wanted to step down as CEO after Model 3 push. https://www.theguardian.com/business/2022/apr/21/elon-musk-s... Elon Musk is golden goose for Tesla shareholders.
The fact remains that Musk is the techbro Kanye West, and shareholders should sideline him.
Find me another car executive that would have been bold enough to do something like Tesla Giga Castings before Elon decided to go for it.
There are 4 entities to date that delivered people to Earth orbit:
- Russia - USA - China - SpaceX
There is only one entity that made rocket reuability profitable: SpaceX
There is no person alive with better track record on delivering things that were believed by experts to be impossible.
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It's possible they are still hiring for software and laying off for other areas.
I'm sure that's the case. But personally I wouldn't want to be a SWE in that kind of scenario. Dumpster fire all around you and company as a whole pivoting to austerity while at the same time hiring 20+ software engineers? When I see that many open postings at once, alarm bells go off.
20 open positions, especially for an in demand profession like software, is the norm at companies at such size who are doing well.