At this point do we just have to expect all the other companies that haven’t announced layoffs will also do so?
GoDaddy Announces Layoffs of “About 8%”
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Re: GoDaddy Announces Layoffs of “About 8%”
#22Any idea why 6-8% are such common numbers in most of the recent tech industry layoffs?
It's suspiciously close to what I understand to be the normal steady-state turnover rates for the tech industry. Nobody quits their jobs in an economy like this, so the turnover must be achieved by other means (and this way lets the employer pick who turns over).
Re: GoDaddy Announces Layoffs of “About 8%”
#23It's interesting seeing GoDaddy/Gitlab lay off so late in the game. Jeff Lawson (TWLO) who is a fantastic financial and product focused CEO did his prep work in September last year with 11% of the company. I find it pretty hard to grok what your FP&A team must be like if you're a b2b supply chain business thinking about this stuff Q1 in global economic downturn.
Are infra companies the last to be affected typically?
Yes, that said... depends how you define infra, I chatted with a marketing tool CEO last week who compare themselves to servers, so I've been thinking CEOs are out to lunch a bit these days.
Your point is well taken, but again: this is the power of a strong FP&A team, a good CFO and thoughtful FP&A shouldn't be blaming macroeconomics at this point. I advise CEO's and I was flagging in August last year, I talk to bankers and read the news. Seems to me if you're at this point in Q1 or Q2, you were in denial about the reality of what 2023 would look like, doesn't matter when you'll be affected, the writing was on the wall Q2 last year. It's kinda sad for your staff to be in the "last to lay off" bucket.
Re: GoDaddy Announces Layoffs of “About 8%”
#24Earlier quoted context omitted.
I've literally never heard about sexism directed their way, but given you worked there I'm sure you know better the story of treatment they get. What was the sexism, who was it directed against and why do you reckon they recieved it? The only experience I have with GoDaddy is their awful support, and predatory practices. Ditching them has been the biggest single improvement to our IT practice.
They had controversial commercials (not all of them involving women) https://www.youtube.com/watch?v=dTvYVxO_9N8
They also pulled domains that didn't align with their fundie agenda mich made the commercials even more bizarre.
Re: GoDaddy Announces Layoffs of “About 8%”
#25Another day another layoff Another day no reply to job applications sigh
Hang in there. It’s a numbers game, and you will find something.
In the meantime you could try grifting some crypto bros with an AI NFT or something, I hear that’s easy money these days.
Re: GoDaddy Announces Layoffs of “About 8%”
#26It's interesting seeing GoDaddy/Gitlab lay off so late in the game. Jeff Lawson (TWLO) who is a fantastic financial and product focused CEO did his prep work in September last year with 11% of the company. I find it pretty hard to grok what your FP&A team must be like if you're a b2b supply chain business thinking about this stuff Q1 in global economic downturn.
I don’t even understand what you’re saying. This fantastic CEO did prep work last year with 11% of his company? Do you mean that he laid off 11% last year?
Re: GoDaddy Announces Layoffs of “About 8%”
#27Oh good... another CEO mass-firing statement that takes no responsibility and indicates no negative side-effects for their "leadership" ability. To those recently let go, I hope you find a new opportunity in a place where the those in charge actually care about their employees; and they have the foresight to ensure their long-term well-being.
Really? You think any employer “cares about their employees”?
A job is a transaction a way for me to trade labor for money and support ny addiction to food and shelter. It’s my responsibility to save accordingly always expecting a lay off.
This has been my mindset since I was 22 years old making 11/hour as a computer operator saving my overtime pay until today at 49 where I stumbled into a role at $BigTech three years ago and save/invested all of my after tax signing bonus and divest my RSUs once vested.
Re: GoDaddy Announces Layoffs of “About 8%”
#28It's interesting seeing GoDaddy/Gitlab lay off so late in the game. Jeff Lawson (TWLO) who is a fantastic financial and product focused CEO did his prep work in September last year with 11% of the company. I find it pretty hard to grok what your FP&A team must be like if you're a b2b supply chain business thinking about this stuff Q1 in global economic downturn.
I don’t even understand what you’re saying. This fantastic CEO did prep work last year with 11% of his company? Do you mean that he laid off 11% last year?
Laying people off in harsh economic times is both bad for the employees laid off and bad for the shareholders.
Re: GoDaddy Announces Layoffs of “About 8%”
#29Re: GoDaddy Announces Layoffs of “About 8%”
#30Any idea why 6-8% are such common numbers in most of the recent tech industry layoffs?
Goldilocks.