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LinkedIn laying off nearly 700, mostly from core engineering teams

cnbc.com

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

#151

Post by tejinderss »

bluGill wrote: post #96
paxys wrote: post #60

Earlier quoted context omitted.

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.

There are a lot of great labor in India, but great does not come cheap. Cheaper than the bay area, or even the midwest, but still not cheap by world standards. You can pay engineers in Germany for similar or less in total compensation. (but good luck finding them)

Yeah but you have strict labour laws in Eu, which basically dont exist in india. This is wet dreams of the corporations.

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

#152

Post by pixelatedindex »

WalterBright wrote: post #97
pixelatedindex wrote: post #43

Earlier quoted context omitted.

Maybe not, but from the company’s perspective if you’re not in the office then it doesn’t matter how far away you are (with some time zone restrictions maybe, but remote work heavily relies on async communication anyway). So they’ll look for the cheapest labor they can get away with. I guess you can now have RTO in India though?

> they’ll look for the cheapest labor they can get away with Don't you look for the best deal when you buy things? That's how markets work.

Yes, I am very much aware of that. My point is that as a worker if you really push for remote / WFH policies, it can backfire on you because location isn’t a constraint anymore. Why pay someone in the Bay Area when I can pay someone in Idaho? Or in this case India. I’m not saying I like it or prefer it, but it makes sense.

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

#153

Post by stfp »

> For those who are directly affected by these changes, you will receive a calendar invitation within the next hour

Is it just me or does this suck a lot? Thousands of people unsure about their fate, refreshing their calendar, checking for... the lack of an invite? So much added stress and anxiety.

Surely they could send two versions of the email, specifying to each person if they are affected or not.

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

#154

Post by jongjong »

pb7 wrote: post #149
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…

You and anyone reading this that thinks like this person: I implore you to talk to as many people as you can outside of the industry. Ask them about their job. Ask them about their perks and flexibility and how they're treated by their bosses and how they're evaluated and what their prospects are for promotion. You have not a fucking clue how good you have it. If you did, you would be too embarrassed to write a comme…

I think the people coming out of those cushy corporate jobs are in for a big shock.

What you're saying is completely untrue where I live (Australia). My sister in HR earns more than me. My cousin who is a truck driver can save more money than me due to lower cost of living in rural areas and access to cheap real estate (which is not an option for me as a software dev)... My dad boasts about my truck driver cousin's achievements (as he has been able to buy his own house) and he rightly thinks I've been a gullible fool for having chosen software development as a career. I was a top dev. Now out of work for a few months. I worked for a company backed by Y Combinator. I was an early employee on a $4 billion market cap cryptocurrency project. I'm also a top percentile open source developer with thousands of stars. It's all worthless.

No no. I think you're the one who should be embarrassed. After what I've been through, I have no shame nor pride left to feel such emotions.

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

#155

Post by lamontcg »

mjhay wrote: post #32

Is another round of tech layoff contagion starting?

This might be the start of the recession. So many businesses out there with little to negative return on invested capital are looking at what happens if revenues decline and they need to borrow money in a "high for longer" interest rate environment. I don't think this one is just tech, but tech is a large part of the problem.

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

#156

Post by runako »

slg wrote: post #132
losteric wrote: post #119

Earlier quoted context omitted.

I'm all for unions (going as far as organization attempts at my company)... that said, in all my conversations there is one big thing that people seem to miss, which separates tech unions from automotive or sports unions: The type of work we do and how we're compensated for it. Our work is closer to tool and die makers, we make money printers that keep running without our day-to-day involvement. Let's take S3 as an e…

This is exactly like the entertainment industry and it is the whole reason the Hollywood unions have fought so hard to get and maintain ongoing compensation via residuals. An actor usually spends a few weeks working on a movie and then the studio profits in perpetuity off that work. Tom Cruise finished filming Top Gun: Maverick years ago, but people are still streaming, renting, and purchasing that movie bringing in…

> Tom Cruise finished filming Top Gun: Maverick years ago, but people are still streaming, renting, and purchasing that movie bringing in massive profit for the studio.

This is also true of the original Top Gun, released ~37 years ago. Very little software has that kind of long-term earning power, further supporting the idea that software work is not all that unique as work goes.

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

#157

Post by pandaman »

slg wrote: post #81
AndrewKemendo wrote: post #45

Earlier quoted context omitted.

Don’t you know? We 10x engineers are so special that we are waving off offer after offer and that will never end. Not only will that never end, but luckily I’m so perfect that I’ll never experience a disability or need any accommodation that I can’t just code or build myself. I mean even then, certainly you had a good enough exit at your first company (like anyone good) that you could basically retire whenever. I mea…

I know this is said in jest, but I just want to remind people there is no such thing as being too valuable to be a member of a union. LeBron James is in a union. Tom Cruise is literally striking right now as part of the SAG-AFTRA union strike. Unless John Carmack happens to be reading this, I guarantee you are not close to being as valuable an engineer as LeBron is a basketball player or Cruise is an actor.

I am not sure what is the point you are trying to make, had LeBron James and Tom Cruise made a choice to join a union? Was the not joining an option for either of them? From what I know you cannot play in NBA nor you can play in Hollywood w/o being a union member. From what I can imagine each of them would do much better w/o being a union member if they are as good as you described them.

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

#158

Post by g00gler »

nojito wrote: post #106
waynesonfire wrote: post #90

Earlier quoted context omitted.

because these people are being replaced with off-shore hires from India and China.

So? Are you implying that those developers can’t compete with US developers?

How about US developers can’t compete with offshore developers?

Average Indian earns $571/mo. Even if devs earn 2x average you’d be able to hire at least 3 for just the average SF/NYC rent a developer in the US has to pay let alone taxes, benefits, etc.

Not particularly good for the country or economy long term; is the end game to destroy the US and start over paying people here $571/mo?

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

#160

Post by deviantbit »

catlover76 wrote: post #130
deviantbit wrote: post #92

Earlier quoted context omitted.

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?

So says the Neo-capitalist.
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