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Elastic lays off 7% of employees

elastic.co

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Re: Elastic lays off 7% of employees

#231

Post by andriy_koval »

bunderbunder wrote: post #76
para_parolu wrote: post #53

Earlier quoted context omitted.

This also a reason why starting a business in USA is usually better.

Perhaps, but one does have to wonder why the US favors making life easier for founders and venture capitalists over making life more livable for people who aren’t already rich. Like, a while back my employer had 10% layoffs, and their most profitable year ever, in the same year. There’s a real reason why that happened, ans the reason is that the C suite seriously fucked up on managing the company’s finances. In a san…

> Perhaps, but one does have to wonder why the US favors making life easier for founders and venture capitalists over making life more livable for people who aren’t already rich.

because US government is more controlled by business interests than population voting power.

Re: Elastic lays off 7% of employees

#232

Post by dh2022 »

infecto wrote: post #124
heylook wrote: post #119

Earlier quoted context omitted.

Now you compare the all-in cost of living across salary, taxes, housing, healthcare, and everything else.

Really depends on the type of job. Software? You are making bank in the US and partly because companies in the US can move quick because of their labor laws.

Are you aware that you are saying US devs are making bank in a thread about US devs being laid off >

Re: Elastic lays off 7% of employees

#233

Post by [deleted] »

joe_mamba wrote: post #223
wsng wrote: post #219

Earlier quoted context omitted.

booking.com is in NL, and Spotify in SE. Both outcompeted quite some US competitors. I would add Hetzner as an example that EU labor laws are no obstacle to being competitive with US companies.

>booking.com is in NL, and Spotify in SE. Both outcompeted quite some US competitors. Like wich? Does it count that a lot of their shareholders and managers are in the US? Does it count that Apple music can do the same thing as Spotify and that Booking has loads of competitors that do the same thing? They have no technical moat other than being first to the market. ASML does have a moat. >I would add Hetzner as an ex…

[deleted]

Re: Elastic lays off 7% of employees

#235

Post by yamillove »

dh2022 wrote: post #232
infecto wrote: post #124

Earlier quoted context omitted.

Really depends on the type of job. Software? You are making bank in the US and partly because companies in the US can move quick because of their labor laws.

Are you aware that you are saying US devs are making bank in a thread about US devs being laid off >

Not sure why this is a thing.

As an extreme example, if Elon got fired from Tesla, I am sure he would be ok. He manages his money well and I am sure he does not think his job at Tesla is some king of God-given lifetime human right. If you are making $250k, a company is not expecting to be your baby sitter. You are a grown man or woman.

An employee needs to manage their economic life without depending on some company to make financial decisions for them. Getting laid off is simply part of life.

If you don’t want to be laid off, you can always start your own company and hire all these people, with your own money of course.

Re: Elastic lays off 7% of employees

#236

Post by dh2022 »

yamillove wrote: post #235
dh2022 wrote: post #232

Earlier quoted context omitted.

Are you aware that you are saying US devs are making bank in a thread about US devs being laid off >

Not sure why this is a thing. As an extreme example, if Elon got fired from Tesla, I am sure he would be ok. He manages his money well and I am sure he does not think his job at Tesla is some king of God-given lifetime human right. If you are making $250k, a company is not expecting to be your baby sitter. You are a grown man or woman. An employee needs to manage their economic life without depending on some company…

I think you meant to respond to a different post…

Re: Elastic lays off 7% of employees

#237

Post by infecto »

dh2022 wrote: post #232
infecto wrote: post #124

Earlier quoted context omitted.

Really depends on the type of job. Software? You are making bank in the US and partly because companies in the US can move quick because of their labor laws.

Are you aware that you are saying US devs are making bank in a thread about US devs being laid off >

Are you aware for well over a decade US software engineers have been compensated many multiples compared to their counterparties outside of the US? 7% is around 280 employees.

Just because companies are holding layoffs does not mean software engineers are not still making bank.

Re: Elastic lays off 7% of employees

#238

Post by mhb »

darth_avocado wrote: post #226
tonyedgecombe wrote: post #200

Earlier quoted context omitted.

It’s not that surprising there wasn’t much empathy when there was so much bragging about how much people were earning and that it would go on forever. For what it’s worth I was one of the people questioning why they needed so many people although I never said those let go deserved it.

> I was one of the people questioning why they needed so many people Unfortunately that’s what managers, executives and investors are doing everywhere now. Everyone Should’ve been more careful with the reactions when the status quo was upended.

It seems like you are itching to offer your version of what should happen, so let's hear it.

Re: Elastic lays off 7% of employees

#240

Post by Kiryous »

elzbardico wrote: post #221

Right now if you're a open company, you have to keep a constant flow of layoffs in order to satisfy the wall street vampires. I don't even blame the CEOs anymore, very few of them have the fortitude or the luxury of even being able to say: "Shut up stupid monkeys, I won't do layoffs to satisfy your urges this quarter, I don't want to fuck the long term value creation ability of this company just because you want a qu…

Founders + dual class shares. Founder-CEO is much more likely to say that to investors, especially when the class A share give him 10x voting rights.
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