Earlier quoted context omitted.
For comparison, reddit has four people (I think).
Reddit is owned by a larger company, which presumably handles all the business stuff.
I really hope Digg doesn't have 68 people working in HR, Legal, and Marketing
Digg Cuts 10% of Staff
21–30 of 46 posts
Re: Digg Cuts 10% of Staff
#22They have 72 staff? Doing what??
>They have 72 staff? Doing what??
Browsing reddit.
Re: Digg Cuts 10% of Staff
#23Re: Digg Cuts 10% of Staff
#24It's been my experience that, if a company has not had recent layoffs, there is almost always a bottom 10% that is bad enough to be worth cutting. This has been most noticeable to me at companies of 100+. I've always wondered if smaller periodic layoffs would work better than waiting for a downturn to make hard decisions, which seems like the norm.
This would become a morale nightmare if employees were ever aware this was taking place, unfortunately. Pretty hard to pull off with consistency/as a standard because of this.
As I recall Intel did and maybe still does this. At one point it got over 10% a year....
Re: Digg Cuts 10% of Staff
#25Earlier quoted context omitted.
Jack Welch strongly advocates for this approach, and it's how GE operated when he was CEO (I don't know if they still do or not). NetFlix also does something similar. Why do you think it would be a morale nightmare? If you're doing well at your job, wouldn't you take comfort in knowing the person down the line who isn't pulling his weight will be cut out of the company at some point? High expectations are motivating.
Well you could be pushing people to only be about themselves and their team and not the company as a whole. Why would I want to work with and help another team if it means I may move them above the 10% line and me below? So while you're right that it would push people to do their job well it could also push them to submarine others.
The point is that companies shouldn't waste a lot of time trying to salvage or put up with people who aren't helping them succeed. If a person is hovering around the bottom 10% and they think the solution is to screw someone else over, they probably should go. I know I wouldn't want to work with them.
Re: Digg Cuts 10% of Staff
#26They have 72 staff? Doing what??
It really boggles my mind till today what the hell do they do with so many employees? Is it a standard practice for startups for keep many employees to justify raising more funds? They have no significant changes in how the site works, at-least in the last 2 years or so. The site speed, though better, still sucks. No new features. Site gaming is rampant (just look at the comments). What are they doing?
"What are they doing?"
Right now? Layoffs.
Re: Digg Cuts 10% of Staff
#27It's been my experience that, if a company has not had recent layoffs, there is almost always a bottom 10% that is bad enough to be worth cutting. This has been most noticeable to me at companies of 100+. I've always wondered if smaller periodic layoffs would work better than waiting for a downturn to make hard decisions, which seems like the norm.
Enron did something like that IIRC. It may have even been based on peer reviews.
Re: Digg Cuts 10% of Staff
#28Re: Digg Cuts 10% of Staff
#29It's been my experience that, if a company has not had recent layoffs, there is almost always a bottom 10% that is bad enough to be worth cutting. This has been most noticeable to me at companies of 100+. I've always wondered if smaller periodic layoffs would work better than waiting for a downturn to make hard decisions, which seems like the norm.
Enron did something like that IIRC. It may have even been based on peer reviews.
Intel also.
Re: Digg Cuts 10% of Staff
#30Earlier quoted context omitted.
It really boggles my mind till today what the hell do they do with so many employees? Is it a standard practice for startups for keep many employees to justify raising more funds? They have no significant changes in how the site works, at-least in the last 2 years or so. The site speed, though better, still sucks. No new features. Site gaming is rampant (just look at the comments). What are they doing?
"What are they doing?" Right now? Layoffs.
But they are also hiring for quite some time now, its not like they are laying of people because of money crunch.